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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net (loss)/income from continuing operations $ (219,740) $ 378,222
Adjustments to reconcile net (loss)/income to net cash provided by continuing operating activities:    
Depreciation and amortization and other non-cash items 457,309 324,188
Bad debt expense 0 10,000
Deferred income tax benefit (149,000) 0
Stock-based compensation 300,743 213,996
Deferred income (12,268) (15,592)
Deferred lease liability 2,316 (4,153)
Changes in operating assets and liabilities:    
Accounts receivable 788,807 443,407
Inventories (834,580) (517,286)
Prepaid expenses and other assets 82,876 76,271
Accounts payable, accrued expenses and other non-cash items (324,293) (361,821)
Net cash provided by continuing operating activities 92,170 547,232
Investing activities    
Acquisition of property, plant and equipment (85,198) (35,323)
Additional patents (21,296) (28,778)
Net cash used in investing activities (106,494) (64,101)
Financing activities    
Proceeds from exercise of stock options 136,056 69,825
Net cash provided by financing activities 136,056 69,825
Cash flows from discontinued operations    
Net cash provided by operating activities 0 4,975
Net cash provided by discontinued operations 0 4,975
Net increase in cash and cash equivalents 121,732 557,931
Cash and cash equivalents at beginning of period 9,623,749 7,039,938
Cash and cash equivalents at end of period 9,745,481 7,597,869
Supplemental disclosure of cash flow information:    
Cash paid for Income taxes $ 76,725 $ 35,794