XML 22 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Operating activities:    
Net income $ 137,200 $ 76,200
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Loss on sale of investments 10,500 4,800
Depreciation and amortization 88,500 89,000
Deferred income taxes 7,200 9,500
Stock-based compensation 10,200 6,700
Changes in operating assets and liabilities:    
Accounts receivable (110,900) (319,300)
Inventories (165,600) (221,000)
Prepaid expenses and other current assets (25,300) 81,600
Other assets 0 1,600
Accounts payable (5,700) 27,500
Customer advances 194,800 257,900
Accrued expenses and taxes (94,100) (15,700)
Total adjustments (90,400) (77,400)
Net cash provided by (used in) operating activities 46,800 (1,200)
Investing activities:    
Purchase of investment securities, available for sale (24,300) (710,300)
Capital expenditures (24,600) (25,200)
Purchases of intangible assets (1,900) (2,100)
Redemption of investment securities, available for sale 275,300 717,600
Net cash provided by (used in) investing activities 224,500 (20,000)
Financing activities:    
Line of credit proceeds 50,000 0
Proceeds from exercise of stock options 6,700 0
Cash dividend declared and paid (107,400) (40,100)
Principal payments on note payable (38,900) (37,600)
Net cash used in financing activities (89,600) (77,700)
Net increase (decrease) in cash and cash equivalents 181,700 (98,900)
Cash and cash equivalents, beginning of year 927,300 769,300
Cash and cash equivalents, end of period 1,109,000 670,400
Cash paid during the period for:    
Income Taxes 100,000 0
Interest $ 1,800 $ 2,700