XML 43 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash Flows From Operating Activities:    
Net (loss) income $ (1,597,450) $ 140,531
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and Amortization 468,302 460,523
Stock issued for charitable contribution 96,900   
Stock compensation expense 855,190 449,719
(Increase) decrease in:    
Receivables (581,276) (208,976)
Prepaids and other assets 39,155 (81,607)
(Decrease) increase in:    
Accounts payable 44,970 218,252
Accrued liabilities 50,375 34,458
Deferred revenue (94,105) (214,934)
Net cash (used in) provided by operating activities (657,931) (797,966)
Cash Flows From Investing Activities:    
Cash from sales of property and equipment 6,505   
Cash advanced on note receivable (400,000)   
Purchase of property and equipment (365,151) (297,426)
Net cash used in investing activities (758,646) (297,426)
Cash Flows From Financing Activities:    
Proceeds from issuance of stock 1,493,818   
Proceeds from exercise of options and warrants 436,296   
Proceeds from employee stock plans 62,132 81,469
Proceeds from issuance of note payable 278,290 95,548
Dividends paid (278,051) (247,156)
Payments on notes payable (333,042) (425,173)
Net cash provided by (used in) financing activities 1,659,443 (495,312)
Net increase (decrease) in cash 242,866 5,228
Cash at beginning of period 3,616,585 1,106,176
Cash at end of period 3,859,451 1,111,404
Supplemental Disclosure of Cash Flow Information:    
Cash paid for income taxes 6,500   
Cash paid for interest 50,771 79,118
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Common stock to pay accrued liabilities 633,725 608,802
Dividends accrued on preferred stock 308,946 499,280
Dividends paid with preferred stock    $ 171,200