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 $)
9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities:    
Net earnings $ 1,217,754 $ 526,881
Adjustments to reconcile net income to net cash and cash equivalents provided (used) by operating activities:    
Depreciation and amortization 42,908 43,677
Bad debt expense 4,069 509
Inventory reserve (4,276) (8,674)
Benefit (provision) for deferred income taxes 5,632 (331)
(Increase) decrease in operating assets:    
Accounts and trade notes receivables 935,769 246,339
Inventories (230,991) (507,591)
Refundable income taxes (127,923) 18,700
Lease and mortgage receivables 46,754 9,424
Other current assets 186,265 (2,547,381)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 50,702 401,399
Accrued employee expenses (667,945) (65,385)
Income taxes payable (166,250) 51,967
Deferred income (16,782) 2,013,243
Customer deposits 545,496 3,765,229
Net cash provided by operating activities 1,821,182 3,948,006
Investing activities:    
Capital expenditures (17,997) (23,540)
Net cash used by investing activities (17,997) (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 decrease in cash and cash equivalents (1,010,308) (295,773)
Cash and cash equivalents at beginning of period 5,944,260 6,527,940
Cash and cash equivalents at end of period 4,933,952 6,232,167
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes $ 949,000 $ 266,000