Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities:    
Net earnings $ 425,771 $ 151,839
Adjustments to reconcile net income to net cash and cash equivalents provided (used) by operating activities:    
Depreciation and amortization 14,170 14,771
Bad debt expense 4,069   
Inventory reserve (1,823)   
Provision (benefit) for deferred income taxes 2,169 (8,671)
(Increase) decrease in operating assets:    
Accounts and trade notes receivables 772,746 (1,025,202)
Inventories (325,933) (199,460)
Lease and mortgage receivables 12,267 8,730
Other current assets 47,481 (539,078)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 1,224,526 1,716,995
Accrued employee expenses (874,949) (254,056)
Income taxes payable 98,466 103,855
Unearned income 7,740 (5,001)
Customer deposits 1,016,825 3,928,877
Net cash provided by operating activities 2,423,525 3,893,599
Investing activities:    
Capital expenditures (4,732) (23,540)
Net cash used by investing activities (4,732) (23,540)
Net increase in cash and cash equivalents 2,418,793 3,870,059
Cash and cash equivalents at beginning of period 5,944,260 6,527,940
Cash and cash equivalents at end of period 8,363,053 10,397,999
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 83,000