Oakridge (OKRG) 10-Q 5 Aug 15 2014 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - Sep. 30, 2013 - USD ($)	Total
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2013
Trading Symbol	okrg
Entity Registrant Name	OAKRIDGE HOLDINGS INC
Entity Central Index Key	73,605
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	1,431,503
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Public Float	$ 615,546
Document Fiscal Year Focus	2,014
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2013	Sep. 30, 2012
Current assets
Cash	$ 80,507	$ 35,796
Restricted cash	38,102	38,099
Trade accounts receivable, net	829,418	1,626,897
Inventories:
Inventories, net	2,309,483	2,862,176
Other current assets	70,012	42,370
Deferred income taxes	235,000	268,000
Current assets of discontinued operations	1,150,847	1,239,603
Total current assets	4,713,369	6,112,941
Property, plant & equipment
Property, plant & equipment at cost	3,091,970	3,089,391
Less Accumulated depreciation	(1,885,494)	(1,860,694)
Total property, plant & equipment	1,206,476	1,228,697
Other assets, net
Deferred financing costs	71,769	74,329
Other	7,634	7,634
Noncurrent assets of discontinued operations	8,766,832	8,614,852
Total other assets	8,846,235	8,696,815
Total Assets	14,766,080	16,038,453
Current l iabilities
Line of credit - bank	803,640	1,275,000
Trade accounts payable	693,698	864,847
Due to finance company	149,776	711,577
Accrued liabilities	868,408	719,501
Deferred revenue	0	343,350
Short term notes payable - others	300,000	300,000
Current maturities of long-term debt	974,837	315,361
Current liabilities of discontinued operations	1,844,135	1,925,677
Total current liabilities	5,634,494	6,455,313
Long-term liabilities
Long term debt less current portion	2,517,811	3,264,191
Non-current liabilities and non-controlling interest of discontinued operations	8,179,165	7,934,949
Total Long-term liabilities and non-controlling interest	10,696,976	11,199,140
Total liabilities	16,331,470	17,654,453
Stockholders' deficit
Common stock	143,151	143,151
Paid-in-capital	2,457,975	2,457,975
Accumulated deficit	(4,166,516)	(4,217,126)
Total stockholders' deficit	(1,565,390)	(1,616,000)
Total liabilities and stockholders' deficit	$ 14,766,080	$ 16,038,453

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Revenue, net:
Net revenue	$ 1,557,501	$ 3,182,782
Operating expenses
Cost of sales	1,373,155	2,789,735
Sales & marketing	21,399	27,950
General & administrative	145,862	167,326
Total operating expenses	1,540,416	2,985,011
Operating income	17,085	197,771
Other expenses
Interest income	3	45
Interest expense	(74,717)	(116,036)
Loss on extinguishment of debt	0	(224,000)
Total other expenses	(74,714)	(339,991)
Net loss from continuing operations before income taxes	(57,629)	(142,220)
Income tax expense (benefit) -continuing operation	(23,000)	31,000
Net loss from continuing operations	(34,629)	(173,220)
Discontinued operations:
Net Income from discontinued operation before taxes	141,239	109,125
Income tax expense -discontinued operation	56,000	44,000
Net Income from discontinued operation	85,239	65,125
Net income (loss)	$ 50,610	$ (108,095)
Earnings Per Share
Basic and diluted net income (loss) per share (Continuing operations)	$ (0.02)	$ (0.12)
Basic and diluted net income (loss) per share (Discontinued operations)	$ 0.06	$ 0.04
Weighted -average common shares used in the computation of EPS
Basic and diluted	1,431,503	1,431,503
Basic and diluted net income (loss) per share	$ 0.04	$ (0.08)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income (loss)	$ 50,610	$ (108,095)
Net income from discontinued operations	85,239	65,125
Net loss from continued operations	(34,629)	(173,220)
Net cash flows from operating activities-continuing operations	420,868	56,846
Net cash flows from operating activities-discontinued operations	77,548	145,363
Net cash flows from operating activities	498,416	202,209
net cash flows from operating activities-continuing operations:
Depreciation and amortization	27,360	16,747
Loss on extinguishment of debt	0	224,000
Deferred income taxes	33,000	82,000
Change in receivables	797,479	(164,074)
Change in inventories	552,693	992,945
Change in prepaids & other assets	(27,642)	(15,869)
Change in accounts payable and due to finance company	(732,950)	(412,963)
Change in deferred revenue	(343,350)	(433,355)
Change in accrued liabilities	148,907	(59,365)
Cash flows from investing activities:
Purchases of property, plant and equipment	(2,579)	(12,609)
Changes in restricted cash	(3)	48,834
Net cash flows from investing activities-continuing operations	(2,582)	36,225
Net cash flows from investing activities-discontinued operations	(219,748)	(58,317)
Net cash flows from investing activities	(222,330)	(22,092)
Cash flows from financing activities:
Net cash flows from financing activities-continuing operations	(373,575)	(44,694)
Net cash flows from financing activities-discontinued operations	79,566	0
Net cash flows from financing activities	(294,009)	(44,694)
Net change in cash	(17,923)	135,423
Cash and cash equivalents:
Increase (decrease) in line of credit	(471,360)	0
Principal payments on long-term debt	(86,904)	(62,878)
Funds received from discontinued operations	184,689	18,184
Less: Change in cash-discontinued operations	(62,634)	87,046
Net change in cash-continuing operations	44,711	48,377
Cash-continuing operations
Beginning of year	35,796	130,740
End of period	$ 80,507	$ 179,117

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Sep. 30, 2013
BASIS OF PRESENTATION [Text Block]	1. BASIS OF PRESENTATION The accompanying Condensed Consolidated Financial Statements include the accounts of Oakridge Holdings, Inc. (the "Company") and its wholly owned subsidiaries. All significant intercompany transactions and balances have been eliminated. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting only of normal recurring adjustments, necessary to present such information fairly. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to Securities and Exchange Commission rules and regulations. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2013. Operating results for the three-month period ended September 30, 2013 may not necessarily be indicative of the results to be expected for any other interim period or for the full year The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The most significant estimates in the financial statements include, but are not limited to, accounts receivable and inventory reserves, investments, depreciation, and accruals. Actual results could differ from those estimates In December 23, 2013, the Company sold Lain and Son, Inc. and its subsidiaries ("Lain") located in Chicago, Illinois. The condensed consolidated financial statements reflect Lain as a discontinued operation in all periods presented (see Note 6).

RESTATEMENTS OF PREVIOUSLY ISSU

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	3 Months Ended
	Sep. 30, 2013
RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS [Text Block]	2. RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS Prior to fiscal year 2013, the Company capitalized pre-production engineering and drafting costs, incurred in connection with fixed-price contracts, as inventory and capitalized similar costs to develop technical manuals as property and equipment. The costs capitalized as inventory were amortized based on the number of units remaining to be delivered compared to the total units per the contract, while the costs capitalized as property and equipment were depreciated over the estimated useful life of the technical manuals. Upon review of ASC 340-10-25 "Preproduction Costs Related to Long-Term Supply Arrangements", the Company concluded in fiscal 2013 that these costs should have been expensed as incurred to the extent they exceed amounts specifically reimbursable by the customer or otherwise relieved from inventory when such reimbursable amounts are billed to the customer. In both July 2010 and July 2012, the Company amended certain convertible debt agreements which extended the maturity of the debt and lowered the conversion price. The Company had originally incorrectly not recorded any loss associated with these amendments which essentially represented the incremental value conveyed by lowering the conversion price. As a result, the Company has restated its Condensed Consolidated Financial Statements for the quarter ended September 30, 2012, including restating its accumulated deficit as of July 1, 2012 for the impact of the restatements for fiscal years 2012, 2011, 2010 and 2009. No relevant production costs were incurred prior to 2009. The following tables present a summary of the effects of the restatements on the Company's Condensed Consolidated Financial Statements for the three months ended September 30, 2012. Consolidated Statement of Operations Previously Reported Adjustments Restated Three Months Ended September 30, 2012 Continuing Operations: Cost of sales $2,821,573 $(31,838) $2,789,735 Operating income 165,933 31,838 197,771 Income (loss) before income taxes 49,942 (192,162) (142,220) Provision for income taxes 20,000 11,000 31,000 Net income (loss) 29,942 (203,162) (173,220) Net income (loss) 95,067 (203,162) (108,095) Basic income (loss) per share - continuing operations $0.07 $(0.19) $(0.12) Diluted income (loss) per share - continuing operations $0.01 $(0.13) $(0.12) Basic income (loss) per share $0.07 $(0.15) $(0.08) Diluted income (loss) per share $0.04 $(0.12) $(0.08) Consolidated Statement of Cash Flows Previously Reported Adjustments Restated Three Months Ended September 30, 2012 Continuing Operations: Cash flows from operating activities $62,826 $(5,980) $56,846 Cash flows from investing activities 30,245 5,980 36,225

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Sep. 30, 2013
EARNINGS PER COMMON SHARE [Text Block]	3 . EARNINGS PER COMMON SHARE Earnings per Common Share (EPS) are presented on both a basic and diluted basis in accordance with the provisions of Accounting Standards Codification Topic 260 - Earnings per Share. Basic EPS is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the maximum dilution that would result after giving effect to dilutive convertible debentures. The potentially dilutive common equivalent shares ( 1,600,000 shares) arising from the conversion of convertible debentures are excluded from the calculations of the net loss per diluted share for all periods presented due to their anti-dilutive effect. The following table presents the computation of basic and diluted EPS: Three Months Ended 30-Sep-2013 30-Sep-2012 (Restated) Net loss from continuing operations (34,629) (173,220) Net Income from discontinued operation 85,239 65,125 Net income (loss) $50,610 $(108,095) Weighted -average common shares used in the computation of EPS Basic and diluted 1,431,503 1,431,503 Basic and diluted net income (loss) per share (Continuing operations) (0.02) (0.12) Basic and diluted net income (loss) per share (Discontinued operations) 0.06 0.04 Basic and diluted net income (loss) per share 0.04 (0.08)

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Sep. 30, 2013
COMPREHENSIVE INCOME (LOSS) [Text Block]	4. COMPREHENSIVE INCOME The Company has no significant components of other comprehensive income and accordingly, comprehensive income is the same as net income (loss) for all periods.

Inventories

Inventories	3 Months Ended
	Sep. 30, 2013
Inventories [Text Block]	5. INVENTORIES The table below summarizes information about reported components of inventory as of September 30, 2013 and June 30, 2013: 30-Sep-2013 30-Jun -2013 Raw Material 1,666,460 1,730,189 Work In Process 643,023 1,131,987 Inventory 2,309,483 2,862,176

Disposal Groups, Including Disc

Disposal Groups, Including Discontinued Operations, Disclosure	3 Months Ended
	Sep. 30, 2013
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	6 . DISCONTINUED OPERATIONS On December 11, 2013, the Company entered into a Stock Purchase Agreement (the "Agreement") with Robert C. Harvey, the Company's Chief Executive Officer and Chief Financial Officer and a director and the Chairman of the Board of Directors of the Company, pursuant to which the Company agreed to sell to Mr. Harvey the shares of common stock of Lain and Son, Inc. ("Lain"), a wholly-owned subsidiary of the Company. Lain and its subsidiaries own the assets used in the operations of the Company's cemetery business. The purchase price payable to the Company under the Agreement was $2,060,000, consisting of (1) $1,500,000 in cash, and (2) satisfaction of $560,000 indebtedness owed by the Company to Mr. Harvey in the form of (i) $410,000 principal amount of debentures and (ii) a short-term loan of $150,000. The closing of the transactions contemplated by the Agreement (the "Transactions") was completed on December 23, 2013. Following completion of the Transactions, Mr. Harvey has continued in his role as the Company's Chief Executive Officer, Chief Financial Officer and the Chairman of the Board of Directors of the Company. The assets and liabilities of the discontinued operations are presented separately in the accompanying condensed consolidated balance sheets at September 30, 2013 and June 30, 2013, and consist of the following: 30-Sep-2013 30-Jun-2013 Current assets of discontinued operations: Cash $210,822 $273,456 Accounts receivable 344,648 364,911 Inventory 586,145 570,679 Prepaids and other 9,232 30,557 1,150,847 1,239,603 Noncurrent assets of discontinued operations: Property, plant & equipment, net 745,484 740,426 Trust investments 8,021,348 7,874,426 8,766,832 8,614,852 Total Assets 9,917,679 9,854,455 Current liabilities of discontinued operations: Accounts payable 141,968 144,214 Accrued expenses 235,733 198,912 Deferred Revenue 1,466,434 1,564,823 Current maturities of long-term debt - 17,728 1,844,135 1,925,677 Noncurrent liabilities and non-controlling interest of discontinued operations: Noncontrolling interest in trust investments 8,021,348 7,874,426 Long-term debt, less current maturities 157,817 60,523 8,179,165 7,934,949 Total liabilities $10,023,300 $9,860,626 The following table illustrates the reporting of the discontinued operations on the face of the condensed consolidated statements of operations for the three months periods ended September 30, 2013 and 2012: 30-Sep-2013 30-Sep-2012 Revenue $979,801 $771,138 Operating expenses: Cost of sales 623,692 478,900 Sales & marketing 62,386 55,569 General & administrative 164,329 130,664 Total operating expenses 850,407 665,133 Other income (expense) 11,845 3,120 Income before income taxes $141,239 $109,125

Debt

Debt	3 Months Ended
	Sep. 30, 2013
Debt [Text Block]	7. LINE OF CREDIT AND LONG-TERM DEBT At September 30, 2013, the Company had a $550,000 line of credit with its bank ($525,000 outstanding at September 30, 2013 with interest at 2% over the reference rate with a floor of 7%) maturing January 31, 2014 and a second line of credit with the same bank under the Small Business Administration (SBA) Export Working Capital Program for $1,000,000 ($278,640 outstanding at September 30, 2013 with interest at 7%) subject to certain borrowing base limitations related to export transactions maturing May 2014. The $550,000 bank line of credit was subsequently paid off when due and the $1,000,000 line of credit was renewed in August 2014 and extended to August 2015. The Company had $300,000 in unsecured notes payable due to key officers/shareholders at September 30, 2013 and June 30, 2013, respectively. These notes are due on demand and bear interest at 9%. Long- Term Debt Long-term debt consisted of the following: 30-Sep-2013 30-Jun-2013 Note payable — bank, payable in monthly installments of $6,672 including interest at 6.0%, with a balloon payment in January 2023. The note is secured by the first mortgage on property owned by Stinar, continuing commercial guarantees from both the Company and the chief executive officer/key stockholder and by the assignment of a life insurance policy on the chief executive officer/key stockholder. $905,578 $922,151 Note payable — SBA, payable in monthly installments of $20,503 including interest at the prime rate (as published by the Wall Street Journal) plus 1%, adjusted every calendar quarter ( 4.25% at Sep 30 , 2013), maturing in May 2018. The note is secured by the assets of Stinar and the unconditional guarantee of the chief executive officer/key stockholder. 1,037,017 1,089,303 Note payable — SBA, payable in monthly installments of $5,107, including interest and SBA fees for an interest rate of 4.1%, maturing March 2033. The note is secured by a second mortgage on property owned by Stinar and an unconditional guarantee from both the Company and the chief executive officer/key stockholder. 746,281 753,876 Note payable — bank, payable in monthly installments of $6,091 with interest at 2.75% over the U.S Bancorp Prime Lending Rate ( 6.0% at Sep 30 , 2013) through February 2016. The note is secured by the assets of Stinar, the unconditional guarantee of the chief executive officer/key stockholder, and by the assignment of a life insurance policy on the chief executive officer/key stockholder. 163,772 174,222 Long-term debt before debentures 2,852,648 2,939,552 Convertible subordinated debentures — unsecured with 9% interest due quarterly, convertible into one common share for each $0.40 of principal, maturing on July 1, 2014. The debentures are issued to shareholders/officers of the Company ($560,000) and an outside investor ($80,000). 640,000 640,000 Subtotal 3,492,648 3,579,552 Less current maturities 974,837 315,361 $2,517,811 $3,264,191 The Company's credit agreements with its bank contain certain annual covenants, which were not met at June 30, 2013, 2014 and 2015, but which were subsequently waived by the bank. The next covenant calculation date will be June 30, 2016.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2013
Summary of Significant Accounting Policies [Text Block]	8 . RECENTLY ISSUED ACCOUNTING GUIDANCE (a) Revenue Recognition In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, "Revenue Recognition - Revenue from Contracts with Customers," which is a comprehensive revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The standard is effective for interim and annual periods beginning after December 15, 2016, and either full retrospective adoption or modified retrospective adoption is permitted. In July 2015, the FASB approved a one year deferral of the effective date to provide adequate time to effectively implement the new revenue standard. The Company is evaluating the impact of this standard. (b) Going Concern In August 2014, the FASB issued ASU 2014-15 "Presentation of Financial Statements—Going Concern (Subtopic 205-40) (Topic 718): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern". This ASU requires an entity to evaluate whether conditions or events, in the aggregate, raise substantial doubt about the entity's ability to continue as a going concern for one year from the date the financial statements are issued or are available to be issued. The new guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2016. The adoption of this ASU is not expected to have an impact on the Company's consolidated financial position, results of operations or cash flows.

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Sep. 30, 2013
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended 30-Sep-2013 30-Sep-2012 (Restated) Net loss from continuing operations (34,629) (173,220) Net Income from discontinued operation 85,239 65,125 Net income (loss) $50,610 $(108,095) Weighted -average common shares used in the computation of EPS Basic and diluted 1,431,503 1,431,503 Basic and diluted net income (loss) per share (Continuing operations) (0.02) (0.12) Basic and diluted net income (loss) per share (Discontinued operations) 0.06 0.04 Basic and diluted net income (loss) per share 0.04 (0.08)

Debt (Tables)

Debt (Tables)	3 Months Ended
	Sep. 30, 2013
Schedule of Debt [Table Text Block]	30-Sep-2013 30-Jun-2013 Note payable — bank, payable in monthly installments of $6,672 including interest at 6.0%, with a balloon payment in January 2023. The note is secured by the first mortgage on property owned by Stinar, continuing commercial guarantees from both the Company and the chief executive officer/key stockholder and by the assignment of a life insurance policy on the chief executive officer/key stockholder. $905,578 $922,151 Note payable — SBA, payable in monthly installments of $20,503 including interest at the prime rate (as published by the Wall Street Journal) plus 1%, adjusted every calendar quarter ( 4.25% at Sep 30 , 2013), maturing in May 2018. The note is secured by the assets of Stinar and the unconditional guarantee of the chief executive officer/key stockholder. 1,037,017 1,089,303 Note payable — SBA, payable in monthly installments of $5,107, including interest and SBA fees for an interest rate of 4.1%, maturing March 2033. The note is secured by a second mortgage on property owned by Stinar and an unconditional guarantee from both the Company and the chief executive officer/key stockholder. 746,281 753,876 Note payable — bank, payable in monthly installments of $6,091 with interest at 2.75% over the U.S Bancorp Prime Lending Rate ( 6.0% at Sep 30 , 2013) through February 2016. The note is secured by the assets of Stinar, the unconditional guarantee of the chief executive officer/key stockholder, and by the assignment of a life insurance policy on the chief executive officer/key stockholder. 163,772 174,222 Long-term debt before debentures 2,852,648 2,939,552 Convertible subordinated debentures — unsecured with 9% interest due quarterly, convertible into one common share for each $0.40 of principal, maturing on July 1, 2014. The debentures are issued to shareholders/officers of the Company ($560,000) and an outside investor ($80,000). 640,000 640,000 Subtotal 3,492,648 3,579,552 Less current maturities 974,837 315,361 $2,517,811 $3,264,191

EARNINGS PER COMMON SHARE (Narr

EARNINGS PER COMMON SHARE (Narrative) (Details)	3 Months Ended
	Sep. 30, 2013shares
Earnings Per Common Share 1	1,600,000

Disposal Groups, Including Di16

Disposal Groups, Including Discontinued Operations, Disclosure (Narrative) (Details) - 3 months ended Sep. 30, 2013	USD ($)
Discontinued Operations 1	$ 2,060,000
Discontinued Operations 2	1,500,000
Discontinued Operations 3	560,000
Discontinued Operations 4	410,000
Discontinued Operations 5	150,000
Discontinued Operations 6	210,822
Discontinued Operations 7	$ 273,456
Discontinued Operations 8	344,648
Discontinued Operations 9	364,911
Discontinued Operations 10	586,145
Discontinued Operations 11	570,679
Discontinued Operations 12	9,232
Discontinued Operations 13	30,557
Discontinued Operations 14	1,150,847
Discontinued Operations 15	1,239,603
Discontinued Operations 16	745,484
Discontinued Operations 17	740,426
Discontinued Operations 18	8,021,348
Discontinued Operations 19	7,874,426
Discontinued Operations 20	8,766,832
Discontinued Operations 21	8,614,852
Discontinued Operations 22	9,917,679
Discontinued Operations 23	9,854,455
Discontinued Operations 24	141,968
Discontinued Operations 25	144,214
Discontinued Operations 26	235,733
Discontinued Operations 27	198,912
Discontinued Operations 28	1,466,434
Discontinued Operations 29	1,564,823
Discontinued Operations 30	0
Discontinued Operations 31	17,728
Discontinued Operations 32	1,844,135
Discontinued Operations 33	1,925,677
Discontinued Operations 34	8,021,348
Discontinued Operations 35	7,874,426
Discontinued Operations 36	157,817
Discontinued Operations 37	60,523
Discontinued Operations 38	8,179,165
Discontinued Operations 39	7,934,949
Discontinued Operations 40	$ 10,023,300
Discontinued Operations 41	9,860,626
Discontinued Operations 42	979,801
Discontinued Operations 43	$ 771,138
Discontinued Operations 44	623,692
Discontinued Operations 45	478,900
Discontinued Operations 46	62,386
Discontinued Operations 47	55,569
Discontinued Operations 48	164,329
Discontinued Operations 49	130,664
Discontinued Operations 50	850,407
Discontinued Operations 51	665,133
Discontinued Operations 52	11,845
Discontinued Operations 53	3,120
Discontinued Operations 54	$ 141,239
Discontinued Operations 55	$ 109,125

Debt (Narrative) (Details)

Debt (Narrative) (Details) - 3 months ended Sep. 30, 2013 - USD ($)	Total
Line Of Credit And Long-term Debt 1	$ 550,000
Line Of Credit And Long-term Debt 2	$ 525,000
Line Of Credit And Long-term Debt 3	200.00%
Line Of Credit And Long-term Debt 4	700.00%
Line Of Credit And Long-term Debt 5	$ 1,000,000
Line Of Credit And Long-term Debt 6	$ 278,640
Line Of Credit And Long-term Debt 7	700.00%
Line Of Credit And Long-term Debt 8	$ 550,000
Line Of Credit And Long-term Debt 9	1,000,000
Line Of Credit And Long-term Debt 10	$ 300,000
Line Of Credit And Long-term Debt 11	900.00%

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details) - 3 months ended Sep. 30, 2013 - USD ($)	Total
Earnings Per Common Share Earnings Per Common Share 1	$ (34,629)
Earnings Per Common Share Earnings Per Common Share 2	(173,220)
Earnings Per Common Share Earnings Per Common Share 3	85,239
Earnings Per Common Share Earnings Per Common Share 4	65,125
Earnings Per Common Share Earnings Per Common Share 5	50,610
Earnings Per Common Share Earnings Per Common Share 6	$ (108,095)
Earnings Per Common Share Earnings Per Common Share 7	1,431,503
Earnings Per Common Share Earnings Per Common Share 8	1,431,503
Earnings Per Common Share Earnings Per Common Share 9	$ (0.02)
Earnings Per Common Share Earnings Per Common Share 10	(0.12)
Earnings Per Common Share Earnings Per Common Share 11	0.06
Earnings Per Common Share Earnings Per Common Share 12	0.04
Earnings Per Common Share Earnings Per Common Share 13	0.04
Earnings Per Common Share Earnings Per Common Share 14	$ (0.08)

Schedule of Debt (Details)

Schedule of Debt (Details) - 3 months ended Sep. 30, 2013 - USD ($)	Total
Line Of Credit And Long-term Debt Long-term Debt 1	$ 6,672
Line Of Credit And Long-term Debt Long-term Debt 2	600.00%
Line Of Credit And Long-term Debt Long-term Debt 3	$ 905,578
Line Of Credit And Long-term Debt Long-term Debt 4	922,151
Line Of Credit And Long-term Debt Long-term Debt 5	$ 20,503
Line Of Credit And Long-term Debt Long-term Debt 6	100.00%
Line Of Credit And Long-term Debt Long-term Debt 7	425.00%
Line Of Credit And Long-term Debt Long-term Debt 8	$ 1,037,017
Line Of Credit And Long-term Debt Long-term Debt 9	1,089,303
Line Of Credit And Long-term Debt Long-term Debt 10	$ 5,107
Line Of Credit And Long-term Debt Long-term Debt 11	410.00%
Line Of Credit And Long-term Debt Long-term Debt 12	$ 746,281
Line Of Credit And Long-term Debt Long-term Debt 13	753,876
Line Of Credit And Long-term Debt Long-term Debt 14	$ 6,091
Line Of Credit And Long-term Debt Long-term Debt 15	275.00%
Line Of Credit And Long-term Debt Long-term Debt 16	600.00%
Line Of Credit And Long-term Debt Long-term Debt 17	$ 163,772
Line Of Credit And Long-term Debt Long-term Debt 18	174,222
Line Of Credit And Long-term Debt Long-term Debt 19	2,852,648
Line Of Credit And Long-term Debt Long-term Debt 20	$ 2,939,552
Line Of Credit And Long-term Debt Long-term Debt 21	900.00%
Line Of Credit And Long-term Debt Long-term Debt 22	40.00%
Line Of Credit And Long-term Debt Long-term Debt 23	$ 560,000
Line Of Credit And Long-term Debt Long-term Debt 24	80,000
Line Of Credit And Long-term Debt Long-term Debt 25	640,000
Line Of Credit And Long-term Debt Long-term Debt 26	640,000
Line Of Credit And Long-term Debt Long-term Debt 27	3,492,648
Line Of Credit And Long-term Debt Long-term Debt 28	3,579,552
Line Of Credit And Long-term Debt Long-term Debt 29	974,837
Line Of Credit And Long-term Debt Long-term Debt 30	315,361
Line Of Credit And Long-term Debt Long-term Debt 31	2,517,811
Line Of Credit And Long-term Debt Long-term Debt 32	$ 3,264,191