XML 18 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net loss $ (1,060,731) $ (1,602,392)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 857,721 655,131
Interest from amortization of debt discount    316,590
Interest from amortization of debt costs 2,448 118,193
Gain on sale of property and equipment    (7,751)
Stock based compensation 202,802 161,660
Change in provision for doubtful accounts receivable 7,946 (14,355)
Deferred rent (92,753) (77,221)
Loss on extinguishment of debt    131,784
Changes in operating assets and liabilities:    
Trade accounts receivables (571,541) 213,307
Other receivables 10,289   
Inventories 59,196 (541,438)
Prepaid expenses and other assets 45,022 142,943
Accounts payable and accrued liabilities 354,169 436,799
Deferred revenue 282,000   
Net cash provided by (used in) operating activities 96,568 (66,750)
Cash flows from investing activities    
Purchase of property and equipment (580,575) (694,597)
Proceeds from sale of equipment    7,751
Net cash used in investing activities (580,575) (686,846)
Cash flows from financing activities    
Proceeds from exercise of stock options    5,653
Proceeds from sale of common stock from employee stock purchase plan 14,145 12,137
Costs associated with conversion of debentures    (6,748)
Exercise of warrants    231,659
Net cash provided by financing activities 14,145 242,701
Effect of exchange rate on cash and cash equivalents 31,017 1,090
Decrease in cash and cash equivalents (438,845) (509,805)
Cash and cash equivalents, beginning of period 928,900 1,464,351
Cash and cash equivalents, end of period 490,055 954,546
Supplemental disclosure of cash flow information:    
Interest paid in cash 1,670   
Income taxes paid 3,694 4,079
Supplemental disclosure of non-cash investing & financing activities:    
Convertible debentures converted into common stock    832,500
Prepaid interest on convertible debentures through the issuance of common stock 87,000   
Premium from debt exchange    $ 42,719