XML 20 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net income $ 756,694 $ 96,751
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 59,168 89,096
Amortization of intangible assets 377,418 377,418
Stock compensation expense 54,931 63,287
Deferred tax expense 683,316 550,838
Sales reserve, net (174,749) 75,029
Bad debt reserve 0 40,000
Inventory reserve 200,000 200,000
Other items (8,165) 34,958
Changes in current assets and liabilities    
Accounts receivable and other non trade receivables (1,904,970) 130,418
Inventories (1,177,010) (1,987,477)
Prepaid expenses and other current assets (62,303) (204,346)
Accounts payable 335,538 (1,144,775)
Accrued expenses and other current liabilities (1,086,545) 1,638,046
Total adjustments (2,703,371) (137,508)
Net cash used in operating activities (1,946,677) (40,757)
Cash Flows From Investing Activities:    
Purchases of property, plant and equipment (29,383) (33,609)
Net cash used in investing activities (29,383) (33,609)
Effect of exchange rates on cash 12,266 (6,901)
Net decrease in cash and cash equivalents (1,963,794) (81,267)
Cash and cash equivalents, beginning of period 5,095,853 4,080,537
Cash and cash equivalents, end of period 3,132,059 3,999,270
Supplemental disclosures:    
Income taxes paid $ 92,383 $ 61,608