XML 31 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,111,809 $ 1,944,972
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for doubtful accounts 14,718 10,459
Loss on disposals of equipment and leasehold improvements 0 40,000
Depreciation of equipment and leasehold improvements 343,484 317,073
Stock-based compensation expense 261,928 221,499
Provision for deferred income taxes 787,661 251,187
Change in cash surrender value of life insurance (3,870) 6,926
Deferred compensation 83,978 112,929
Net changes in operating assets and liabilities (Note 10) (1,160,714) (1,955,232)
Net cash used in operating activities 1,438,994 949,813
CASH FLOWS FROM INVESTING ACTIVITIES:    
Life insurance premiums paid (347,914) (348,503)
Purchases of equipment and leasehold improvements (370,437) (397,232)
Product software development expenditures (713,202) (479,310)
Net cash used in investing activities (1,431,553) (1,225,045)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from line of credit facility 900,000 1,250,000
Dividends paid to stockholders (885,925) (885,924)
Net cash provided by financing activities 14,075 364,076
Net increase in cash and cash equivalents 21,516 88,844
Cash and cash equivalents at beginning of period 160,542 125,496
Cash and cash equivalents at end of period $ 182,058 $ 214,340