XML 36 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (1,264,578) $ 1,673,566
Adjustments to Reconcile Net Loss to Net Cash Used In Operating Activities -    
Depreciation and Amortization 10,435 13,081
Gain on Sale of Patents   (2,276,286)
Gain on Sale of Assets (3,702) (2,149)
Gain on Settlement of Accounts Payable (76,149)   
Stock-based Compensation Expense 21,016 17,900
Non-cash Provision for Settlement of Claims for Liquidated Damages 629,000  
Non-cash Interest Expense 1,250 27,708
Changes in Operating Assets and Liabilities -    
Accounts Receivable, net 117,518 (14,087)
Inventories (9,239) 43,888
Prepaid Expenses (56,433) (10,560)
Accounts Payable (96,243) (327,136)
Customer Advances 20,396 (7,713)
Accrued Expenses (6,939) (93,666)
Net Cash Used In Operating Activities (713,668) (955,454)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net Proceeds from Sale of Patents    2,463,171
Purchases of Property and Equipment (3,550)   
Additional Patent Costs    2,149
Proceeds from Sale of Assets 3,702 (1,724)
Net Cash Provided By Investing Activities 152 2,463,596
CASH FLOWS FROM FINANCING ACTIVITIES:    
Gross Proceeds from September 2012 Private Placement of Common Stock and Warrants 2,500,015   
Private Placement Expenses Incurred and Paid as of December 31, 2012 (294,500)   
Proceeds From Exercise of Warrants to Purchase Common Stock (50,000 Shares) 50,000   
Payment of Principal and Interest on 10% Senior Convertible Notes (52,500) (740,972)
Net Cash Provided by Financing Activities 2,203,015 (740,972)
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,489,499 767,170
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 145,923 19,556
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,635,422 786,726
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash Paid for Income Taxes 912 912
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Private Placement Expenses Incurred But Not Yet Paid as of December 31, 2012 14,396   
Issuance of Common Stock to Satisfy Deferred Compensation Obligations (245,326 shares)    $ 674,645