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 $)
 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Operating activities:    
Net earnings $ 903,077 $ 276,994
Adjustments to reconcile net income to net cash and cash equivalents provided (used) by operating activities:    
Depreciation and amortization 28,409 29,489
Bad debt expense 4,067 509
Inventory reserve 572 (3,166)
Provision for deferred income taxes 179 3,311
(Increase) decrease in operating assets:    
Accounts and trade notes receivables 1,145,279 710,575
Inventories (458,986) (306,859)
Refundable income taxes    1,734
Lease and mortgage receivables 25,835 (289)
Other current assets 272,792 (546,517)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 1,154,302 184,186
Accrued employee expenses (671,097) (126,854)
Income taxes payable (159,960)   
Deferred income (16,782) (10,000)
Customer deposits 1,125,606 3,278,225
Net cash provided by operating activities 3,353,293 3,491,338
Investing activities:    
Capital expenditures (7,887) (23,540)
Net cash used by investing activities (7,887) (23,540)
Financing activities:    
Dividends paid (2,813,493) (4,220,239)
Net cash used by financing activities (2,813,493) (4,220,239)
Net increase (decrease) in cash and cash equivalents 531,913 (752,441)
Cash and cash equivalents at beginning of period 5,944,260 6,527,940
Cash and cash equivalents at end of period 6,476,173 5,775,499
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes $ 629,000 $ 179,000