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, 2011
Sep. 30, 2010
Operating activities:    
Net earnings $ 233,498 $ 131,952
Adjustments to reconcile net income to net cash and cash equivalents provided (used) by operating activities:    
Depreciation and amortization 12,545 14,748
Bad debt expense 450 1,838
Inventory reserve 4,337 (44,603)
(Benefit) provision for deferred income taxes (102) 18,796
(Increase) decrease in operating assets:    
Accounts and trade notes receivables (789,433) 124,599
Inventories (183,326) 120,809
Lease and mortgages receivable 22,675 (73,459)
Other current assets (39,033) (15,264)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 115,866 139,119
Accrued employee expenses (321,670) (315,420)
Income taxes payable 64,885 3,692
Unearned income   25,547
Customer deposits 763,453 748,522
Net cash (used) provided by operating activities (115,855) 880,876
Investing activities:    
Capital expenditures, net   (1,926)
Net cash used by investing activities   (1,926)
Net (decrease) increase in cash and cash equivalents (115,855) 878,950
Cash and cash equivalents at beginning of period 6,907,020 6,061,378
Cash and cash equivalents at end of period 6,791,165 6,940,328
Supplemental disclosures of cash flow information:    
Income taxes $ 78,000 $ 58,500