XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash Flows from Operating Activities:    
Cash received from customers $ 1,178,108 $ 1,312,344
Cash paid to suppliers and employees (1,505,791) (1,493,998)
Interest paid      
Interest received 383 93
Net Cash Provided By (Used In) Operating Activities (327,300) (181,561)
Cash Flows from Investing Activities:    
Capital expenditures (40,128)  
Payments received on notes receivable   900
Net Cash Provided By (Used In) Investing Activities (40,128) 900
Cash Flows from Financing Activities:    
Cost for additional Authorized shares   (21,925)
Increase in Short-term borrowings   100,000
Increase in Convertible Notes Payable      
Net Cash Provided By (Used In) Financing Activities   78,075
Net increase (decrease) in cash and cash equivalents (367,428) (102,586)
Cash and cash equivalents at beginning of year 938,852 258,798
Cash and cash equivalents at end of first quarter 571,424 156,212
Reconciliation of Net Income (Loss) to Net Cash Provided By (Used In) Operating Activities:    
Net Income (Loss) (320,287) 143,804
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 16,380 25,735
Share-based compensation expense 1,208 2,841
Warrants issued for debt offering   22,750
Deferred income taxes      
Changes in assets and liabilities:    
Decrease (Increase) in accounts receivable 127,866 (426,559)
Decrease (Increase) in inventories (58,111) (135,349)
Decrease (Increase) in prepaid expenses (90,565) 50,141
Increase (Decrease) in accounts payable 72,369 113,506
Increase (Decrease) in accrued payroll and related expenses (18,876) (17,193)
Increase (Decrease) in accrued expenses and accrued taxes other than income (57,284) 31,763
Total Adjustments (7,013) (325,365)
Net Cash Provided By (Used In) Operating Activities (327,300) (181,561)
Supplemental Schedule of Non-Cash Financing Activities:    
Conversion of convertible notes payable to Class A shares   208,591
Professional Service Expense [Member]
   
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Non-cash professional service expense   $ 7,000