XML 32 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,008,524 $ 2,585,934
Adjustments to reconcile net income to net cash provided by operating activities:    
Net recoveries of doubtful accounts (6,017) (22,219)
Loss on disposals of equipment and leasehold improvements 715 87,820
Depreciation of equipment and leasehold improvements 510,899 450,278
Stock-based compensation expense 362,571 332,249
Provision for deferred income taxes (954) 565,028
Change in cash surrender value of life insurance (12,706) (2,761)
Deferred compensation 125,968 169,394
Net changes in operating assets and liabilities (Note 11) (111,237) (3,263,858)
Net cash flows provided by operating activities 2,877,763 901,865
CASH FLOWS FROM INVESTING ACTIVITIES:    
Life insurance premiums paid (348,555) (348,503)
Purchases of equipment and leasehold improvements (373,937) (842,661)
Product software development expenditures (967,535) (669,452)
Net cash flows used in investing activities (1,690,027) (1,860,616)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from line of credit facility 100,000 2,350,000
Dividends paid to stockholders (1,328,887) (1,328,887)
Payment on insurance policy loan 0 (54,989)
Net cash flows (used) provided by financing activities (1,228,887) 966,124
Net (decrease) increase in cash and cash equivalents (41,151) 7,373
Cash and cash equivalents at beginning of period 160,542 125,496
Cash and cash equivalents at end of period $ 119,391 $ 132,869