XML 43 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (190,780)us-gaap_IncomeLossAttributableToParent $ (127,404)us-gaap_IncomeLossAttributableToParent
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation 4,047us-gaap_Depreciation 3,592us-gaap_Depreciation
Beneficial conversion feature expense 67,571CNCG_BeneficialConversionFeatureExpense 0CNCG_BeneficialConversionFeatureExpense
Change in fair value of derivative liability (18,699)CNCG_ChangeInFairValueOfDerivativeLiability 0CNCG_ChangeInFairValueOfDerivativeLiability
Amortization of debt issuance cost 67,921us-gaap_AmortizationOfFinancingCostsAndDiscounts 0us-gaap_AmortizationOfFinancingCostsAndDiscounts
(Increase) decrease in current assets:    
Accounts receivable 102,967us-gaap_IncreaseDecreaseInAccountsReceivable (53,296)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory 286,338us-gaap_IncreaseDecreaseInInventories (82,203)us-gaap_IncreaseDecreaseInInventories
Other current assets (769)us-gaap_IncreaseDecreaseInOtherCurrentAssets 2,965us-gaap_IncreaseDecreaseInOtherCurrentAssets
Increase (decrease) in current liabilities:    
Accounts payable & accrued expenses (203,360)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 149,320us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Advances from customers (4,045)us-gaap_IncreaseDecreaseInCustomerAdvances 9,915us-gaap_IncreaseDecreaseInCustomerAdvances
Net cash used in operating activities 111,191us-gaap_NetCashProvidedByUsedInContinuingOperations (97,111)us-gaap_NetCashProvidedByUsedInContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (851)us-gaap_PaymentsToAcquireMachineryAndEquipment (1,426)us-gaap_PaymentsToAcquireMachineryAndEquipment
Due from related party (68,910)us-gaap_IncreaseDecreaseInDueFromRelatedParties (505)us-gaap_IncreaseDecreaseInDueFromRelatedParties
Net cash used in investing activities (69,761)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,931)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related party notes payable 0us-gaap_IncreaseDecreaseInNotesPayableRelatedParties 10,000us-gaap_IncreaseDecreaseInNotesPayableRelatedParties
Proceeds from notes payable & debentures 35,000us-gaap_IncreaseDecreaseInNotesPayableCurrent 50,000us-gaap_IncreaseDecreaseInNotesPayableCurrent
Repayments to related parties (10,000)us-gaap_RepaymentsOfRelatedPartyDebt 0us-gaap_RepaymentsOfRelatedPartyDebt
Net cash provided by financing activities 25,000us-gaap_NetCashProvidedByUsedInFinancingActivities 60,000us-gaap_NetCashProvidedByUsedInFinancingActivities
NET DECREASE IN CASH & CASH EQUIVALENTS 66,429us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (39,042)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH & CASH EQUIVALENTS, BEGINNING BALANCE 20,454us-gaap_Cash 39,444us-gaap_Cash
CASH & CASH EQUIVALENTS, ENDING BALANCE 86,883us-gaap_Cash 402us-gaap_Cash
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 4,515us-gaap_InterestPaid 0us-gaap_InterestPaid
Income taxes paid 26,550us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock in partial settlement of convertible debenture $ 55,120CNCG_IssuanceOfCommonStockInPartialSettlementOfConvertibleDebenture $ 0CNCG_IssuanceOfCommonStockInPartialSettlementOfConvertibleDebenture