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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities    
Net loss from operations $ (1,136,665) $ (45,156)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization and other non-cash items 482,042 903,420
Deferred income tax benefit (56,000) (211,000)
Stock-based compensation 83,865 728,993
Deferred income (23,920) (8,583)
Deferred lease liability 46 4,631
Changes in operating assets and liabilities:    
Accounts receivable 99,259 402,154
Inventories (116,874) (1,848,313)
Prepaid expenses and other assets 189,522 66,261
Accounts payable and accrued expenses 377,394 168,333
Net cash (used in)/provided by operating activities (101,331) 160,740
Investing activities    
Acquisition of property, plant and equipment (167,548) (328,285)
Additional patents (155,175) (46,204)
Net cash used in investing activities (322,723) (374,489)
Financing activities    
Proceeds from the sale of common stock 4,000,000
Proceeds from exercise of stock options 140,847 147,755
Net cash provided by financing activities 4,140,847 147,755
Net increase / (decrease) in cash and cash equivalents 3,716,793 (65,994)
Cash and cash equivalents at beginning of period 9,049,327 9,623,749
Cash and cash equivalents at end of period 12,766,120 9,557,755
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,053 131,325
Capitalization of consigned product $ 953,258 $ 741,497