XML 30 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net loss $ (579,050) $ (80,345)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 129,323 223,948
Interest from amortization of debt costs 12,645  
Loss on disposal of property and equipment 218 1,058
Stock based compensation 63,263 69,828
Provision for doubtful accounts receivable (136) 5,849
Change in fair value of warrant liability 53,958 18,952
Deferred rent (55,968) (39,245)
Changes in operating assets and liabilities:    
Trade accounts receivables 429,964 123,915
Other receivables 4,722 100,000
Inventories (191,382) (320,382)
Prepaid expenses and other assets (98,737) (94,268)
Accounts payable and accrued liabilities 130,796 241,605
Net cash provided by (used in) operating activities (100,384) 250,915
Cash flows from investing activities    
Purchase of property and equipment (303,442) (225,515)
Cash flows from financing activities    
Proceeds from sale of common stock from employee stock purchase plan 4,902 2,512
Proceeds from exercise of warrants, net of costs   1,279,447
Payments on capital lease obligation (1,848) (3,062)
Payments on loan payable (9,163)  
Net cash provided by (used in) financing activities (6,109) 1,278,897
Effect of exchange rate on cash and cash equivalents (468) 9,689
Change in cash and cash equivalents (410,403) 1,313,986
Cash and cash equivalents, beginning of period 1,197,080 1,565,215
Cash and cash equivalents, end of period 786,677 2,879,201
Supplemental disclosure of cash flow information:    
Interest paid in cash 3,369 175
Income taxes paid 1,036 2,166
Supplemental disclosure of non-cash investing & financing activities:    
Purchase of equipment through capital lease arrangements   $ 12,972