XML 38 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities    
Net income (loss) $ (282,378) $ 241,993
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 424,490 408,295
Interest from amortization of debt costs    1,750
Loss on disposal of property and equipment 1,098 1,247
Stock based compensation 227,646 128,286
Change in provision for doubtful accounts receivable 5,813 (4,216)
Change in fair value of warrant liability 53,965 (265,336)
Deferred rent (79,586) (48,588)
Changes in operating assets and liabilities:    
Trade accounts receivables (211,965) (272,311)
Other receivables 100,000 (246,057)
Inventories (589,741) (215,843)
Prepaid expenses and other assets (147,864) 28,876
Accounts payable and accrued liabilities 282,468 187,367
Deferred revenue (1,966) (35,784)
Net cash used in operating activities (218,020) (90,321)
Cash flows from investing activities    
Purchase of property and equipment (942,408) (488,723)
Cash flows from financing activities    
Proceeds from sale of common stock from employee stock purchase plan 2,512 3,794
Proceeds from exercise of warrants, net of costs 1,538,808  
Payments on capital lease obligation (4,612) (1,801)
Net cash provided by financing activities 1,536,708 1,993
Effect of exchange rate on cash and cash equivalents 13,795 494
Change in cash and cash equivalents 390,075 (576,557)
Cash and cash equivalents, beginning of period 1,565,215 2,354,087
Cash and cash equivalents, end of period 1,955,290 1,777,530
Supplemental disclosure of cash flow information:    
Interest paid in cash 420 1,555
Income taxes paid 2,166 1,736
Vesting of restricted stock units 1,912  
Supplemental disclosure of non-cash investing & financing activities:    
Prepaid interest on convertible debentures through the issuance of common stock   87,000
Purchase of equipment through capital lease arrangements 12,972  
Reclassification of tooling costs to inventory 425,626  
Reclassification of warrant liability upon exercise $ 277,070