XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (34,826) $ (129,478)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization expense 26,000 39,508
Change in allowance for bad debt expense (recovery)   (289)
Stock based compensation 8,068 10,768
Changes in operating assets and liabilities:    
Accounts receivable (79,134) (185,831)
Prepaid and other current assets (28,665) (36,091)
Inventory and any change in inventory reserve (15,387) (5,094)
Accounts payable and accrued expenses 66,101 (2,627)
Net Cash Used by Operating Activities (57,843) (309,134)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (5,048) 0
Net Cash Used by Investing Activities (5,048) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment on lease liability (1,444) (778)
Payments on notes payable (1,497) (560)
Preferred stock dividends 0 (25,000)
Net Cash Used by Financing Activities (2,941) (26,338)
NET DECREASE IN CASH (65,832) (335,472)
CASH AT BEGINNING OF PERIOD 267,302 455,717
CASH AT END OF PERIOD 201,470 120,245
NON-CASH FINANCING ACTIVITIES    
Interest paid 3,185 599
Income taxes paid 0 0
SUPPLEMENTAL SCHEDULE OF CASH FLOW ACTIVITIES    
Capitalized lease 0 19,337
Write off of previous reserved forklift tires 81,224 0
Purchase of fixed assets through debt 95,625 0
Accrued preferred stock dividends 25,000 0
Issuance of stock for stock payable $ 4,500 $ 0