XML 22 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities:    
Net income $ 77,500 $ 226,300
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Loss on sale of investments 17,300 7,400
Depreciation and amortization 154,000 132,400
Deferred income tax (benefit) (11,400) 16,200
Stock-based compensation 14,900 7,600
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable (319,400) (108,200)
Inventories (399,700) (631,500)
Prepaid expenses and other current assets (66,900) 104,200
Accounts payable 77,900 24,800
Customer advances 256,000 404,700
Accrued expenses and taxes 19,900 143,700
Other assets    1,600
Total adjustments (257,400) 102,900
Net cash provided by (used in) operating activities (179,900) 329,200
Investing activities:    
Cash paid for asset acquisition (700,000)   
Redemption of investment securities, available-for-sale 450,900 717,600
Purchase of investment securities, available for sale (25,000) (716,900)
Capital expenditures (47,100) (28,100)
Purchase of other intangible assets (2,900) (2,100)
Net cash used in investing activities (324,100) (29,500)
Financing activities:    
Line of credit proceeds 150,000   
Line of credit repayments (70,000)   
Payments of contingent consideration (1,100) (25,900)
Proceeds from exercise of stock options 6,700   
Cash dividend declared and paid (107,400) (40,100)
Principal payments on note payable (58,500) (56,600)
Net cash used in financing activities (80,300) (122,600)
Net increase (decrease) in cash and cash equivalents (584,300) 177,100
Cash and cash equivalents, beginning of year 927,300 769,300
Cash and cash equivalents, end of period 343,000 946,400
Cash paid during the period for:    
Income Taxes 152,100   
Interest $ 2,400 $ 3,800