Oakridge (OKRG) 10-Q 25 Aug 15 2014 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - Dec. 31, 2013 - USD ($)	Total
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 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	$ 558,286
Document Fiscal Year Focus	2,014
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2013	Jun. 30, 2013
Current assets
Cash	$ 1,019,436	$ 35,796
Restricted cash	38,110	38,099
Trade accounts receivable, net	621,309	1,626,897
Inventories:
Inventories, net	2,517,089	2,862,176
Other current assets	83,175	42,370
Deferred income taxes	93,930	268,000
Current assets of discontinued operations	0	1,239,603
Total current assets	4,373,049	6,112,941
Property,plant &equipment
Property, plant & equipment at cost	3,095,254	3,089,391
Less Accumulated depreciation	(1,910,294)	(1,860,694)
Total property, plant & equipment	1,184,960	1,228,697
Other assets, noncurrent
Deferred financing costs	66,718	74,329
Other	7,634	7,634
Noncurrent assets of discontinued operations	0	8,614,852
Total other assets	74,352	8,696,815
Total Assets	5,632,361	16,038,453
Current liabilities
Line of credit - bank	502,210	1,275,000
Trade accounts payable	768,754	864,847
Due to finance company	112,117	711,577
Accrued liabilities	285,304	719,501
Deferred revenue	38,554	343,350
Short term notes payable - others	0	300,000
Current maturities of long-term debt	500,093	315,361
Current liabilities of discontinued operations	0	1,925,677
Total current liabilities	2,207,032	6,455,313
Long-term liabilities
Long term debt less current portion	2,504,882	3,264,191
Non-current liabilities and non-controlling interest of discontinued operations	0	7,934,949
Totallong-term liabilities and non-controlling interest	2,504,882	11,199,140
Total liabilities	4,711,914	17,654,453
Stockholders'equity (deficit)
Common stock	143,151	143,151
Paid-in-capital	2,457,975	2,457,975
Accumulated deficit	(1,680,679)	(4,217,126)
Total stockholders'equity (deficit)	920,447	(1,616,000)
Total liabilities and stockholders' equity (deficit)	$ 5,632,361	$ 16,038,453

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Revenue, net:
Net revenue	$ 1,124,771	$ 2,411,136	$ 2,682,272	$ 5,593,918
Operating expenses
Cost of sales	917,630	2,019,728	2,290,785	4,809,463
Sales & marketing	49,731	21,835	71,130	49,785
General & administrative	184,757	147,521	330,619	314,847
Total operating expenses	1,152,118	2,189,084	2,692,534	5,174,095
Operating income (loss)	(27,347)	222,052	(10,262)	419,823
Other income (expense)
Interest income	78	9	81	54
Interest expense	(55,945)	(102,675)	(130,662)	(218,711)
Debt forgiveness	440,000	0	440,000	0
Loss on extinguishment of debt			0	(224,000)
Total other income (expense)	384,133	(102,666)	309,419	(442,657)
Net income (loss) from continuing operations before income taxes	356,786	119,386	299,157	(22,834)
Income tax expense (benefit)	(21,000)	37,000	(44,000)	68,000
Net income (loss) from continuing operations	377,786	82,386	343,157	(90,834)
Discontinued operations:
Net income from discontinued operationsbefore taxes	95,380	90,779	236,619	199,904
Income tax expense	47,106	$ 36,000	103,106	$ 80,000
Gain on disposal of discontinued operations, net of income taxes of $114,964	2,059,777		2,059,777
Net income from discontinued operations	2,108,051	$ 54,779	2,193,290	$ 119,904
Net income	$ 2,485,837	$ 137,165	$ 2,536,447	$ 29,070
Earnings Per Share
Basic net income(loss)per share (Continuing operations)	$ 0.26	$ 0.06	$ 0.24	$ (0.06)
Basic net income per share (Discontinued operations)	$ 1.47	$ 0.04	$ 1.53	$ 0.08
Weighted -average common shares used in the computation of earningsper share
Diluted	2,890,844	3,031,503	2,961,173	1,431,503
Basic	1,431,503	1,431,503	1,431,503	1,431,503
Diluted net income(loss)per share (Continuing operations)	$ 0.13	$ 0.03	$ 0.12	$ (0.06)
Diluted net income per share (Discontinued operations)	0.73	0.02	0.74	0.08
Diluted net income per share	0.86	0.05	0.86	0.02
Basic net income per share	$ 1.73	$ 0.10	$ 1.77	$ 0.02

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$ 2,536,447	$ 29,070
Net income from discontinued operations	2,193,290	119,904
Net income (loss) from continuing operations	343,157	(90,834)
Net cash flows from operating activities-continuing operations	449,762	98,188
Net cash flows from operating activities-discontinued operations	(33,028)	167,822
Net cash flows from operating activities	416,734	266,010
net cash flows from operating activities-continuing operations:
Depreciation and amortization	57,211	33,495
Gain on debt forgiveness	(440,000)	0
Loss on extinguishment of debt	0	224,000
Deferred income taxes	174,070	155,000
Change in receivables	1,005,588	(458,974)
Change in inventories	345,087	1,488,722
Change in prepaids & other assets	(40,805)	(31,197)
Change in accounts payable and due to finance company	(695,553)	(769,968)
Change in deferred revenue	(304,796)	(410,075)
Change in accrued liabilities	5,803	(41,981)
Cash flows from investing activities:
Purchases of property and equipment	(5,863)	(37,108)
Proceeds from sale of discontinued operations	1,500,000	0
Changes in restricted cash	(11)	48,825
Net cash flows from investing activities-continuing operations	1,494,126	11,717
Net cash flows from investing activities-discontinued operations	(162,177)	(310,953)
Net cash flows from investing activities	1,331,949	(299,236)
Cash flows from financing activities:
Principal payments on short-term notes payable	(150,000)	0
Net cash flows from financing activities-continuing operations	(960,248)	(104,544)
Net cash flows from financing activities-discontinued operations	(78,251)	27,735
Net cash flows from financing activities	(1,038,499)	(76,809)
Net change in cash	710,184	(110,035)
Cash and cash equivalents:
Net payments on lines of credit	(772,790)	(200,000)
Principal payments on long-term debt	(164,577)	(127,020)
Funds from discontinued operations	127,119	222,476
Less: Change in cash-discontinued operations	(273,456)	(115,396)
Net change in cash-continuing operations	983,640	5,361
Cash-continuing operations
Beginning of year	35,796	130,740
End of period	$ 1,019,436	$ 136,101

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Dec. 31, 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 six-month period ended December 31, 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. On 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 discontinued operations in all periods presented (see Note 6).

RESTATEMENTS OF PREVIOUSLY ISSU

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	3 Months Ended
	Dec. 31, 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 Financial Statements for the quarter ended December 31, 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 Financial Statements for both the three and six month periods ended December 31, 2012. Consolidated Statement of Operations Previously Reported Adjustments Restated Three Months Ended December 31, 2012 Continuing Operations: Cost of sales $ 2,207,969 $ (188,241) $ 2,019,728 Operating Income 33,811 188,241 222,052 Income (loss) before income taxes (68,855) 188,241 119,386 Provision (benefit) for income taxes (28,000) 65,000 37,000 Net income (loss) (40,855) 123,241 82,386 Net income 13,924 123,241 137,165 Basic income (loss) per share - continuing operations $ (0.03) $ 0.09 $ 0.06 Diluted income (loss) per share - continuing operations $ (0.03) $ 0.06 $ 0.03 Basic income per share $ 0.01 $ 0.09 $ 0.10 Diluted income per share $ 0.01 $ 0.04 $ 0.05 Consolidated Statement of Operations Previously Reported Adjustments Restated Six Months Ended December 31, 2012 Continuing Operations: Cost of sales $ 5,029,542 $ (220,079) $ 4,809,463 Operating income 199,744 220,079 419,823 Loss before income taxes (18,913) (3,921) (22,834) Provision (benefit) for income taxes (8,000) 76,000 68,000 Net loss (10,913) (79,921) (90,834) Net income 108,991 (79,921) 29,070 Basic and diluted loss per share - continuing operations $ (0.01) $ (0.05) $ (0.06) Basic and diluted income per share $ 0.08 $ (0.06) $ 0.02 Consolidated Statement of Cash Flows Previously Reported Adjustments Restated Six Months Ended December 31, 2012 Continuing Operations: Cash flows from operating activities $ 110,181 $ (11,993) $ 98,188 Cash flows from investing activities (276) 11,993 11,717

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Dec. 31, 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 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 and convertible debentures. The following table presents the computation of basic and diluted EPS for three and six months ended December 31, 2013 and 2012: Three Months Ended December 31, 2013 December 31, 2012 (Restated) Net income from continuing operations 377,786 82,386 Net Income from discontinued operations 2,108,051 54,779 Net income $ 2,485,837 $ 137,165 Weighted -average common shares used in the computation of basic earnings per share 1,431,503 1,431,503 Additional common shares to be issued assuming conversion of convertible debentures 1,459,341 1,600,000 Weighted -average common shares used in the computation of diluted earnings per share 2,890,844 3,031,503 Additional income from continuing operations, assuming conversion of convertible debentures at the beginning of the period, net of taxes 7,880 8,640 Basic net income per share (Continuing operations) $ 0.26 $ 0.06 Basic net income per share (Discontinued operations) $ 1.47 $ 0.04 Basic net income per share $ 1.74 $ 0.10 Diluted net income per share (Continuing operations) $ 0.13 $ 0.03 Diluted net income per share (Discontinued operations) $ 0.73 $ 0.02 Diluted net income per share $ 0.86 $ 0.05 Six Months Ended December 31, 2013 December 31, 2012 (Restated) Net income (loss) from continuing operations 343,157 ( 90,834) Net Income from discontinued operation 2,193,290 119,904 Net income $ 2,536,447 $ 29,070 Weighted -average common shares used in the computation of basic earnings per share 1,431,503 1,431,503 Additional common shares to be issued assuming conversion of convertible debentures 1,529,670 1,600,000 Weighted -average common shares used in the computation of diluted earnings per share 2,961,173 3,031,503 Additional income from continuing operations, assuming conversion of convertible debentures at the beginning of the period, net of taxes 16,520 17,280 Basic net income per share (Continuing operations) $ 0.24 $ (0.06) Basic net income per share (Discontinued operations) $ 1.53 $ 0.08 Basic net income per share $ 1.77 $ 0.02 Diluted net income per share (Continuing operations) $ 0.12 $ (0.06) Diluted net income per share (Discontinued operations) $ 0.74 $ 0.08 Diluted net income per share $ 0.86 $ 0.02 (a) As a result of the loss from continuing operations during the six months ended December 31, 2012, the effect of the convertible debentures on earnings per share would be anti-dilutive. As such, they were excluded from the diluted earnings per share calculation.

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Dec. 31, 2013
COMPREHENSIVE INCOME (LOSS) [Text Block]	4 . COMPREHENSIVE INCOME The Company has no significant components of other comprehensive income and accordingly, comprehensive income (loss) is the same as net income (loss) for all periods.

Inventories

Inventories	3 Months Ended
	Dec. 31, 2013
Inventories [Text Block]	5. INVENTORIES The table below summarizes information about reported components of inventory as of December 31, 2013 and June 30, 2013: December 31, 2013 June 30, 2013 Raw Material 1,777,006 1,730,189 Work In Process 740,083 1,131,987 Inventory 2,517,089 2,862,176

Disposal Groups, Including Disc

Disposal Groups, Including Discontinued Operations, Disclosure	3 Months Ended
	Dec. 31, 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 sheet at June 30, 2013, and consist of the following: June 30, 2013 Current assets of discontinued operations: Cash $273,456 Accounts receivable 364,911 Inventory 570,679 Prepaids and other 30,557 1,239,603 Noncurrent assets of discontinued operations: Property, plant & equipment, net 740,426 Trust investments 7,874,426 8,614,852 Total Assets 9,854,455 Current liabilities of discontinued operations: Accounts payable 144,214 Accrued expenses 198,912 Deferred revenue 1,564,823 Current maturities of long-term debt 17,728 1,925,677 Noncurrent liabilities and non-controlling interest of discontinued operations: Noncontrolling interest in trust investments 7,874,426 Long-term debt, less current maturities 60,523 7,934,949 Total liabilities $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 and six months periods ended December 31, 2013 and 2012: Three months Ended December 31, 2013 December 31, 2012 Revenue $751,147 $904,258 Operating expenses: Cost of sales 471,906 573,834 Sales & marketing 55,956 67,290 General & administrative 132,388 176,184 660,250 817,308 Other income 4,483 3,829 Income before income taxes 95,380 90,779 Income tax expense 47,106 36,000 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 - Net income from discontinued operations $2,108,051 $54,779 Six months Ended December 31, 2013 December 31, 2012 Revenue $1,730,948 $1,675,396 Operating expenses: Cost of sales 1,095,598 1,052,734 Sales & marketing 118,342 122,859 General & administrative 296,717 306,848 1,510,657 1,482,441 Other income 16,328 6,949 Income before income taxes 236,619 199,904 Income tax expense 103,106 80,000 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 - Net income from discontinued operations $2,193,290 $119,904

Debt

Debt	3 Months Ended
	Dec. 31, 2013
Debt [Text Block]	7. LINE OF CREDIT AND LONG-TERM DEBT At December 31, 2013, a line of credit with Signature Bank under the Small Business Administration (SBA) Export Working Capital Program for $1,000,000 ($502,210 outstanding at December 31, 2013 with interest at 2% over the reference rate with a floor of 7%) subject to certain borrowing base limitations related to export transactions maturing May 2014 was subsequently renewed and extended to August 2015. A second line of credit with the same bank for $550,000 was paid off in December 2013. The Company paid off $150,000 in unsecured notes payable due to a key officer/shareholder and applied another $150,000 in unsecured notes payable due the Company's Chief Executive Officer and Chief Financial Officer to the amounts owed the Company in connection with the sale of Lain (see Note 6) in December 2013. Long- Term Debt Long-term debt consisted of the following: December 31, 2013 June 30, 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 the Company, 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. $899,275 $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 December 31, 2013), maturing in May 2018. The note is secured by the assets of the Company and the unconditional guarantee of the Chief Executive Officer /key stockholder. 989,154 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 the Company and an unconditional guarantee from both the Company and the Chief Executive Officer /key stockholder. 738,644 753,876 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 December 31, 2013) through February 2016. The note is secured by the assets of the Company, 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. 147,902 174,222 Long-term debt before debentures 2,774,975 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. At December 31, 2013, the debentures were issued to a shareholder/officer of the Company ($150,000) and an outside investor ($80,000). During December 2013, $410,000 of the debentures issued to the Company's Chief Executive Officer and Chief Financial Officer were applied to amounts owed the Company in connection with the sale of Lain (see Note 6). 230,000 640,000 Subtotal 3,004,975 3,579,552 Less current maturities 500,093 315,361 $2,504,882 $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.

Other Related Party Transaction

Other Related Party Transactions	3 Months Ended
	Dec. 31, 2013
Other Related Party Transactions [Text Block]	8. RELATED PARTY TRANSACTIONS During December 2013, the Company's Chief Executive Officer and Chief Financial Officer forgave $440,000 of accrued salary due him for services rendered. As a result, the Company has recorded income from debt forgiveness of $440,000 in Other income (expense) in the Company's condensed consolidated statement of operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies [Text Block]	9 . 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.

RESTATEMENTS OF PREVIOUSLY IS14

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Dec. 31, 2013
Restatement to Prior Year Income [Table Text Block]	Consolidated Statement of Operations Previously Reported Adjustments Restated Three Months Ended December 31, 2012 Continuing Operations: Cost of sales $ 2,207,969 $ (188,241) $ 2,019,728 Operating Income 33,811 188,241 222,052 Income (loss) before income taxes (68,855) 188,241 119,386 Provision (benefit) for income taxes (28,000) 65,000 37,000 Net income (loss) (40,855) 123,241 82,386 Net income 13,924 123,241 137,165 Basic income (loss) per share - continuing operations $ (0.03) $ 0.09 $ 0.06 Diluted income (loss) per share - continuing operations $ (0.03) $ 0.06 $ 0.03 Basic income per share $ 0.01 $ 0.09 $ 0.10 Diluted income per share $ 0.01 $ 0.04 $ 0.05 Consolidated Statement of Operations Previously Reported Adjustments Restated Six Months Ended December 31, 2012 Continuing Operations: Cost of sales $ 5,029,542 $ (220,079) $ 4,809,463 Operating income 199,744 220,079 419,823 Loss before income taxes (18,913) (3,921) (22,834) Provision (benefit) for income taxes (8,000) 76,000 68,000 Net loss (10,913) (79,921) (90,834) Net income 108,991 (79,921) 29,070 Basic and diluted loss per share - continuing operations $ (0.01) $ (0.05) $ (0.06) Basic and diluted income per share $ 0.08 $ (0.06) $ 0.02 Consolidated Statement of Cash Flows Previously Reported Adjustments Restated Six Months Ended December 31, 2012 Continuing Operations: Cash flows from operating activities $ 110,181 $ (11,993) $ 98,188 Cash flows from investing activities (276) 11,993 11,717

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Dec. 31, 2013
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended December 31, 2013 December 31, 2012 (Restated) Net income from continuing operations 377,786 82,386 Net Income from discontinued operations 2,108,051 54,779 Net income $ 2,485,837 $ 137,165 Weighted -average common shares used in the computation of basic earnings per share 1,431,503 1,431,503 Additional common shares to be issued assuming conversion of convertible debentures 1,459,341 1,600,000 Weighted -average common shares used in the computation of diluted earnings per share 2,890,844 3,031,503 Additional income from continuing operations, assuming conversion of convertible debentures at the beginning of the period, net of taxes 7,880 8,640 Basic net income per share (Continuing operations) $ 0.26 $ 0.06 Basic net income per share (Discontinued operations) $ 1.47 $ 0.04 Basic net income per share $ 1.74 $ 0.10 Diluted net income per share (Continuing operations) $ 0.13 $ 0.03 Diluted net income per share (Discontinued operations) $ 0.73 $ 0.02 Diluted net income per share $ 0.86 $ 0.05 Six Months Ended December 31, 2013 December 31, 2012 (Restated) Net income (loss) from continuing operations 343,157 ( 90,834) Net Income from discontinued operation 2,193,290 119,904 Net income $ 2,536,447 $ 29,070 Weighted -average common shares used in the computation of basic earnings per share 1,431,503 1,431,503 Additional common shares to be issued assuming conversion of convertible debentures 1,529,670 1,600,000 Weighted -average common shares used in the computation of diluted earnings per share 2,961,173 3,031,503 Additional income from continuing operations, assuming conversion of convertible debentures at the beginning of the period, net of taxes 16,520 17,280 Basic net income per share (Continuing operations) $ 0.24 $ (0.06) Basic net income per share (Discontinued operations) $ 1.53 $ 0.08 Basic net income per share $ 1.77 $ 0.02 Diluted net income per share (Continuing operations) $ 0.12 $ (0.06) Diluted net income per share (Discontinued operations) $ 0.74 $ 0.08 Diluted net income per share $ 0.86 $ 0.02

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Dec. 31, 2013
Schedule of Inventory, Current [Table Text Block]	December 31, 2013 June 30, 2013 Raw Material 1,777,006 1,730,189 Work In Process 740,083 1,131,987 Inventory 2,517,089 2,862,176

Disposal Groups, Including Di17

Disposal Groups, Including Discontinued Operations, Disclosure (Tables)	3 Months Ended
	Dec. 31, 2013
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	June 30, 2013 Current assets of discontinued operations: Cash $273,456 Accounts receivable 364,911 Inventory 570,679 Prepaids and other 30,557 1,239,603 Noncurrent assets of discontinued operations: Property, plant & equipment, net 740,426 Trust investments 7,874,426 8,614,852 Total Assets 9,854,455 Current liabilities of discontinued operations: Accounts payable 144,214 Accrued expenses 198,912 Deferred revenue 1,564,823 Current maturities of long-term debt 17,728 1,925,677 Noncurrent liabilities and non-controlling interest of discontinued operations: Noncontrolling interest in trust investments 7,874,426 Long-term debt, less current maturities 60,523 7,934,949 Total liabilities $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 and six months periods ended December 31, 2013 and 2012: Three months Ended December 31, 2013 December 31, 2012 Revenue $751,147 $904,258 Operating expenses: Cost of sales 471,906 573,834 Sales & marketing 55,956 67,290 General & administrative 132,388 176,184 660,250 817,308 Other income 4,483 3,829 Income before income taxes 95,380 90,779 Income tax expense 47,106 36,000 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 - Net income from discontinued operations $2,108,051 $54,779 Six months Ended December 31, 2013 December 31, 2012 Revenue $1,730,948 $1,675,396 Operating expenses: Cost of sales 1,095,598 1,052,734 Sales & marketing 118,342 122,859 General & administrative 296,717 306,848 1,510,657 1,482,441 Other income 16,328 6,949 Income before income taxes 236,619 199,904 Income tax expense 103,106 80,000 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 - Net income from discontinued operations $2,193,290 $119,904

Debt (Tables)

Debt (Tables)	3 Months Ended
	Dec. 31, 2013
Schedule of Debt [Table Text Block]	December 31, 2013 June 30, 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 the Company, 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. $899,275 $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 December 31, 2013), maturing in May 2018. The note is secured by the assets of the Company and the unconditional guarantee of the Chief Executive Officer /key stockholder. 989,154 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 the Company and an unconditional guarantee from both the Company and the Chief Executive Officer /key stockholder. 738,644 753,876 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 December 31, 2013) through February 2016. The note is secured by the assets of the Company, 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. 147,902 174,222 Long-term debt before debentures 2,774,975 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. At December 31, 2013, the debentures were issued to a shareholder/officer of the Company ($150,000) and an outside investor ($80,000). During December 2013, $410,000 of the debentures issued to the Company's Chief Executive Officer and Chief Financial Officer were applied to amounts owed the Company in connection with the sale of Lain (see Note 6). 230,000 640,000 Subtotal 3,004,975 3,579,552 Less current maturities 500,093 315,361 $2,504,882 $3,264,191

Disposal Groups, Including Di19

Disposal Groups, Including Discontinued Operations, Disclosure (Narrative) (Details)	3 Months Ended
	Dec. 31, 2013USD ($)
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

Debt (Narrative) (Details)

Debt (Narrative) (Details) - 3 months ended Dec. 31, 2013 - USD ($)	Total
Line Of Credit And Long Term Debt 1	$ 1,000,000
Line Of Credit And Long Term Debt 2	$ 502,210
Line Of Credit And Long Term Debt 3	2.00%
Line Of Credit And Long Term Debt 4	7.00%
Line Of Credit And Long Term Debt 5	$ 550,000
Line Of Credit And Long Term Debt 6	150,000
Line Of Credit And Long Term Debt 7	$ 150,000

Other Related Party Transacti21

Other Related Party Transactions (Narrative) (Details)	3 Months Ended
	Dec. 31, 2013USD ($)
Related Party Transactions 1	$ 440,000
Related Party Transactions 2	$ 440,000

Restatement to Prior Year Incom

Restatement to Prior Year Income (Details) - 3 months ended Dec. 31, 2013	USD ($)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 1	$ 2,207,969
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 2	(188,241)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 3	2,019,728
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 4	33,811
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 5	188,241
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 6	222,052
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 7	(68,855)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 8	188,241
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 9	119,386
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 10	(28,000)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 11	65,000
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 12	37,000
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 13	(40,855)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 14	123,241
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 15	82,386
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 16	13,924
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 17	123,241
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 18	$ 137,165
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 19	(0.03)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 20	0.09
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 21	0.06
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 22	(0.03)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 23	0.06
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 24	0.03
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 25	0.01
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 26	0.09
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 27	0.10
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 28	0.01
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 29	0.04
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 30	0.05
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 31	$ 5,029,542
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 32	(220,079)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 33	4,809,463
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 34	199,744
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 35	220,079
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 36	419,823
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 37	(18,913)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 38	(3,921)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 39	(22,834)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 40	(8,000)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 41	76,000
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 42	68,000
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 43	(10,913)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 44	(79,921)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 45	(90,834)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 46	108,991
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 47	(79,921)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 48	$ 29,070
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 49	(0.01)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 50	(0.05)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 51	(0.06)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 52	0.08
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 53	(0.06)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 54	0.02
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 55	$ 110,181
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 56	(11,993)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 57	98,188
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 58	11,993
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 59	$ 11,717

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details) - 3 months ended Dec. 31, 2013	USD ($)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 1	$ 377,786
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 2	82,386
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 3	2,108,051
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 4	54,779
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 5	2,485,837
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 6	137,165
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 7	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 8	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 9	1,459,341
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 10	1,600,000
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 11	2,890,844
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 12	3,031,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 13	7,880
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 14	$ 8,640
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 15	0.26
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 16	0.06
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 17	1.47
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 18	0.04
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 19	1.74
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 20	0.10
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 21	0.13
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 22	0.03
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 23	0.73
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 24	0.02
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 25	0.86
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 26	0.05
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 27	$ 343,157
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 28	90,834
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 29	2,193,290
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 30	119,904
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 31	2,536,447
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 32	29,070
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 33	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 34	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 35	1,529,670
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 36	1,600,000
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 37	2,961,173
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 38	3,031,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 39	16,520
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 40	$ 17,280
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 41	0.24
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 42	(0.06)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 43	1.53
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 44	0.08
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 45	1.77
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 46	0.02
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 47	0.12
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 48	(0.06)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 49	0.74
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 50	0.08
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 51	0.86
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 52	0.02

Schedule of Inventory, Current

Schedule of Inventory, Current (Details)	3 Months Ended
	Dec. 31, 2013USD ($)
Inventories Schedule Of Inventory, Current 1	$ 1,777,006
Inventories Schedule Of Inventory, Current 2	1,730,189
Inventories Schedule Of Inventory, Current 3	740,083
Inventories Schedule Of Inventory, Current 4	1,131,987
Inventories Schedule Of Inventory, Current 5	2,517,089
Inventories Schedule Of Inventory, Current 6	$ 2,862,176

Schedule of Disposal Groups, In

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures (Details)	3 Months Ended
	Dec. 31, 2013USD ($)
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 1	$ 273,456
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 2	364,911
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 3	570,679
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 4	30,557
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 5	1,239,603
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 6	740,426
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 7	7,874,426
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 8	8,614,852
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 9	9,854,455
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 10	144,214
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 11	198,912
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 12	1,564,823
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 13	17,728
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 14	1,925,677
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 15	7,874,426
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 16	60,523
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 17	7,934,949
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 18	9,860,626
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 19	751,147
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 20	904,258
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 21	471,906
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 22	573,834
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 23	55,956
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 24	67,290
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 25	132,388
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 26	176,184
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 27	660,250
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 28	817,308
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 29	4,483
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 30	3,829
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 31	95,380
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 32	90,779
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 33	47,106
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 34	36,000
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 35	114,964
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 36	2,059,777
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 37	0
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 38	2,108,051
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 39	54,779
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 40	1,730,948
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 41	1,675,396
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 42	1,095,598
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 43	1,052,734
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 44	118,342
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 45	122,859
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 46	296,717
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 47	306,848
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 48	1,510,657
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 49	1,482,441
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 50	16,328
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 51	6,949
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 52	236,619
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 53	199,904
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 54	103,106
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 55	80,000
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 56	114,964
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 57	2,059,777
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 58	0
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 59	2,193,290
Discontinued Operations Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 60	$ 119,904

Schedule of Debt (Details)

Schedule of Debt (Details) - 3 months ended Dec. 31, 2013 - USD ($)	Total
Line Of Credit And Long Term Debt Schedule Of Debt 1	$ 6,672
Line Of Credit And Long Term Debt Schedule Of Debt 2	6.00%
Line Of Credit And Long Term Debt Schedule Of Debt 3	$ 899,275
Line Of Credit And Long Term Debt Schedule Of Debt 4	922,151
Line Of Credit And Long Term Debt Schedule Of Debt 5	$ 20,503
Line Of Credit And Long Term Debt Schedule Of Debt 6	1.00%
Line Of Credit And Long Term Debt Schedule Of Debt 7	4.25%
Line Of Credit And Long Term Debt Schedule Of Debt 8	$ 989,154
Line Of Credit And Long Term Debt Schedule Of Debt 9	1,089,303
Line Of Credit And Long Term Debt Schedule Of Debt 10	$ 5,107
Line Of Credit And Long Term Debt Schedule Of Debt 11	4.10%
Line Of Credit And Long Term Debt Schedule Of Debt 12	$ 738,644
Line Of Credit And Long Term Debt Schedule Of Debt 13	753,876
Line Of Credit And Long Term Debt Schedule Of Debt 14	$ 6,091
Line Of Credit And Long Term Debt Schedule Of Debt 15	2.75%
Line Of Credit And Long Term Debt Schedule Of Debt 16	6.00%
Line Of Credit And Long Term Debt Schedule Of Debt 17	$ 147,902
Line Of Credit And Long Term Debt Schedule Of Debt 18	174,222
Line Of Credit And Long Term Debt Schedule Of Debt 19	2,774,975
Line Of Credit And Long Term Debt Schedule Of Debt 20	$ 2,939,552
Line Of Credit And Long Term Debt Schedule Of Debt 21	9.00%
Line Of Credit And Long Term Debt Schedule Of Debt 22	$ 0.40
Line Of Credit And Long Term Debt Schedule Of Debt 23	150,000
Line Of Credit And Long Term Debt Schedule Of Debt 24	80,000
Line Of Credit And Long Term Debt Schedule Of Debt 25	410,000
Line Of Credit And Long Term Debt Schedule Of Debt 26	230,000
Line Of Credit And Long Term Debt Schedule Of Debt 27	640,000
Line Of Credit And Long Term Debt Schedule Of Debt 28	3,004,975
Line Of Credit And Long Term Debt Schedule Of Debt 29	3,579,552
Line Of Credit And Long Term Debt Schedule Of Debt 30	500,093
Line Of Credit And Long Term Debt Schedule Of Debt 31	315,361
Line Of Credit And Long Term Debt Schedule Of Debt 32	2,504,882
Line Of Credit And Long Term Debt Schedule Of Debt 33	$ 3,264,191

Uncategorized Items - okrg-2013

Label	Element	Value
Net income	us-gaap_NetIncomeLoss	$ 137,165
Net income	us-gaap_NetIncomeLoss	$ 2,485,837