XML 17 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:        
Net loss $ (293,408) $ (381,890) $ (1,034,765) $ (1,178,793)
Adjustments to reconcile net loss to net cash used in operating activities        
Depreciation and amortization 7,621 5,541 25,856 21,271
Gain on sale of assets (315) (1,566) (32,707) (27,075)
Stock-based compensation expense 60,901 100,323 241,388 125,675
Non-cash consulting expense 8,550 4,500 63,000 66,750
Non-cash gain on settlement of liabilities by issuing common stock     (22,050) (35,172)
Changes in operating assets and liabilities        
Accounts receivable, net 184,327 128,914 (162,338) (56,993)
Inventories 140,979 54,529 (60,195) (84,378)
Prepaid expenses 6,297 7,194 (22,947) 26,740
Accounts payable 60,085 (40,809) 261,461 210,958
Customer advances 11,025 3,500 (118,800) 92,600
Accrued expenses (28,274) (5,320) (14,201) 64,624
Net cash provided from (used in) operating activities 157,788 (125,084) (876,298) (773,793)
Cash Flows from Investing Activities:        
Additional patent costs (340) (1,443) (4,230) (10,972)
Purchases of property and equipment (3,500) (4,372) (4,372) (62,418)
Proceeds from sale of assets 315 1,566 32,707 27,075
Net cash used in investing activities (3,525) (4,249) 24,105 (46,315)
Cash Flows from Financing Activities:        
Payment of capital lease obligation (1,916) 0 (4,160) 0
Proceeds from private placement of common stock     700,000 980,291
Private placement expenses incurred and paid     (34,639) (121,512)
Net cash provided by financing activities (1,916) 0 661,201 858,779
Net increase (decrease) in cash and cash equivalents 152,347 (129,333) (190,992) 38,671
Cash and cash equivalents, beginning of period 50,059 241,051 241,051 202,380
Cash and cash equivalents, end of period 202,406 111,718 50,059 241,051
Supplemental Disclosure of Cash Flow Information:        
Cash paid for income taxes $ 0 $ 912 912 912
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:        
Issuance of common stock for services rendered to the company     48,300 126,643
Private placement expenses incurred but not yet paid     37,781 6,000
Capital expenditures funded by capital lease borrowings     $ 43,972 $ 0