XML 36 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net earnings $ 463,961 $ 425,771
Adjustments to reconcile net earnings to net cash and cash equivalents provided (used) by operating activities:    
Depreciation and amortization 14,438 14,170
Bad debt expense 5,255 4,069
Inventory reserve    (1,823)
(Benefit) provision for deferred income taxes (7,254) 2,169
(Increase) decrease in operating assets    
Accounts and trade notes receivables (1,903,147) 772,746
Inventories 861,915 (325,933)
Lease and mortgage receivables 3,151 12,267
Refundable income taxes 62,880   
Pre-paid and other current assets (161,269) 47,481
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (2,520,435) 1,224,526
Accrued employee expenses (331,211) (874,949)
Income taxes payable 224,470 98,466
Unearned income    7,740
Customer deposits (1,389,325) 1,016,825
Net cash (used) provided by operating activities (4,676,571) 2,423,525
Investing activities:    
Capital expenditures (47,502) (4,732)
Net cash used by investing activities (47,502) (4,732)
Net change in cash and cash equivalents (4,724,073) 2,418,793
Cash and cash equivalents at beginning of period 9,224,340 5,944,260
Cash and cash equivalents at end of period 4,500,267 8,363,053
Supplemental disclosure of cash flow information:    
Cash paid during the period for: Income taxes    $ 83,000