XML 28 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities:    
Net income (loss) $ 3,274,082 $ (4,964,435)
Adjustments to reconcile net income (loss) to cash provided by operating activities of continuing operations:    
Income (loss) from discontinued operations 4,055,506 (4,014,025)
Depreciation and amortization 16,265 19,031
Compensation expense related to stock options 34,808 56,868
Other income 16,182 612
Change in operating assets and liabilities:    
Accounts receivable, net (36,230) 86,051
Inventory, net (577,400) (424,952)
Other current and long-term assets 19,940 59,665
Accounts payable and accrued expenses (376,511) 157,076
Net cash (used in) operating activities from continuing operations (1,716,734) (997,283)
Net cash provided by (used in) operating activities from discontinued operations 405,703 (220,534)
Net cash (used in) operating activities (1,311,031) (1,217,817)
Cash Flows from Investing Activities:    
Purchase of fixed assets 0 (13,125)
Net cash (used in) investing activities from continuing operations 0 (13,125)
Proceeds from Sale of Drew assets (6,500,000) 0
Purchase of fixed assets, discontinued opeartion   (53,598)
Net cash provided by (used in) investing activities from discontinued operations 6,491,382 (53,598)
Net cash provided by (used in) investing activities 6,491,382 (66,723)
Cash Flows from Financing Activities:    
Proceeds from (repayments of ) related party note payable (300,000) 300,000
Net cash used in (provided by) financing activities from continuing operations (300,000) 300,000
Principal payments on long-term debt (2,487,480) (155,795)
Net cash used in financing activities from discontinued operations (2,487,480) (155,795)
Net cash (used in) provided by financing activities (2,787,480) 144,205
Effect of exchange rate changes on cash and cash equivalents 0 18,469
Net increase (decrease) in cash and cash equivalents 2,392,871 (1,121,866)
Cash and cash equivalents, beginning of period 890,623  
Cash and cash equivalents, end of period 3,283,494 562,880
Supplemental Schedule of Cash Flow Information:    
Interest paid $ 32,216 $ 170,550