XML 28 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows From Operating Activities:    
Net income (loss) $ (808,230) $ (363,591)
Depreciation and Amortization (670,997) (575,611)
Bad debt expense 173,194 13,596
Stock compensation expense 811,171 653,211
Stock issued for litigation settlement    375,000
Other gains 55,995   
Decrease (increase) in:    
Receivables 460,350 299,655
Prepaids and other assets 53,435 (161,139)
(Decrease) increase in:    
Accounts payable (227,811) 27,710
Accrued liabilities 31,559 (483,699)
Deferred revenue (465,163) (25,201)
Net cash provided by operating activities 643,507 911,153
Cash Flows From Investing Activities:    
Purchase of property and equipment (145,058) (43,904)
Capitalization of software costs    (197,051)
Net cash used in investing activities (145,058) (240,955)
Cash Flows From Financing Activities:    
Proceeds from issuance of notes 255,334   
Proceeds from exercise of options and warrants 14,748 75,712
Proceeds from issuance of common stock    140,800
Dividends paid (370,734) (247,156)
Payments on notes payable and capital leases (2,384,894) (526,493)
Net cash (used in) financing activities (2,485,546) (557,137)
Net decrease in cash (1,987,097) 113,061
Cash and cash equivalents at beginning of period 2,618,229 1,157,431
Cash and cash equivalents at end of period 631,132 1,270,492
Supplemental Disclosure of Cash Flow Information:    
Cash paid for income taxes      
Cash paid for interest 238,264 272,987
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Common stock to pay accrued liabilities 645,398 604,274
Dividends accrued on preferred stock 625,635 619,483
Dividends paid with preferred stock $ 251,960 $ 245,490