XML 49 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (219,306) $ (1,408,619)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Loss on disposal of property and equipment    291
Depreciation 112,711 81,522
Amortization of intangible assets 658,743 421,640
Write off of uncollectible accounts receivable    151,681
Deferred tax provision (benefit) 104,621 (509,458)
Share-based compensation 150,532 101,539
Increase (decrease) in cash due to change in:    
Accounts receivable (including other receivables, net) 10,955,998 4,582,036
Inventories 1,087,628 683,277
Prepaid expense and other current assets 43,319 (15,244)
Prepaid income taxes (27,323)   
Advance payment to vendor 148,967 15,277
Other assets (9,512) 2,309
Accounts payable (6,230,934) (961,667)
Income taxes payable    (121,362)
Advance payments from customers 82 81,249
Accrued liabilities (423,396) (77,183)
Other liabilities (185,980) 24,028
Net cash provided by operating activities 6,166,150 3,051,316
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (292,796) (11,200)
Payments for capitalized development costs (358,630) (881,906)
Purchases of intangible assets (615,279) (38,413)
Loan to employee (2,340) (34,683)
Net cash used in investing activities (1,269,045) (966,202)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of stock related to stock options exercised 22,500 36,250
Increased non-controlling interests related to issuance of stock to investors    542,603
Repurchase of common stock (2,406,414)   
Net cash provided by (used in) financing activities (2,383,914) 578,853
Effect of foreign currency translation (75,137) 33,680
Net increase in cash and cash equivalents 2,438,054 2,697,647
Cash and cash equivalents, beginning of period 9,419,441 11,357,878
Cash and cash equivalents, end of period 11,857,495 14,055,525
Supplemental disclosure of cash flow information:    
Interest 6,191 3,918
Income taxes $ 226,289 $ 122,162