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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net loss from operations $ (521,883) $ (219,740)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization and other non-cash items 226,012 457,309
Deferred income tax benefit (26,000) (149,000)
Stock-based compensation (226,119) 300,743
Deferred income (4,650) (12,268)
Deferred lease liability 23 2,316
Changes in operating assets and liabilities:    
Accounts receivable 28,359 788,807
Inventories 164,073 (834,580)
Prepaid expenses and other assets 40,269 82,876
Accounts payable and accrued expenses 64,485 (324,293)
Net cash (used in)/provided by operating activities (255,431) 92,170
Investing activities    
Acquisition of property, plant and equipment (108,954) (85,198)
Additional patents (84,121) (21,296)
Net cash used in investing activities (193,075) (106,494)
Financing activities    
Proceeds from exercise of stock options 136,056
Net cash provided by financing activities 136,056
Net (decrease)/increase in cash and cash equivalents (448,506) 121,732
Cash and cash equivalents at beginning of period 9,049,327 9,623,749
Cash and cash equivalents at end of period 8,600,821 9,745,481
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,053 76,725
Capitalization of consigned product $ 481,272 $ 326,518