XML 34 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 34,701 $ 11,137
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 21,814 21,432
Allowance for bad debts 300 300
Deferred income amortization (324) (324)
Deferred income taxes (7,405) (6,285)
Effects of changes in operating assets and liabilities:    
Trade receivables (508,492) (434,114)
Inventories (11,934) (23,795)
Prepaid expenses (1,450) (8,021)
Accounts payable 288,401 228,948
Accrued expenses (96,871) 15,891
Income taxes payable 8,722 7,514
Net cash used in operating activities (272,538) (187,317)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (11,386) (8,456)
Net cash used in investing activities (11,386) (8,456)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line-of-credit 135,000 205,000
Principal payments on notes payable (11,705) (11,698)
Net cash provided by financing activities 123,295 193,302
NET DECREASE IN CASH AND CASH EQUIVALENTS (160,629) (2,471)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 162,435 28,564
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 1,806 $ 26,093