Oakridge (OKRG) 10-Q 27 Oct 15 2014 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2014USD ($)shares
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2014
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 | shares	1,431,503
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Public Float	$ 472,396
Document Fiscal Year Focus	2,014
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2014	Jun. 30, 2013
Current assets
Cash	$ 519,756	$ 35,796
Restricted cash	38,112	38,099
Trade accounts receivable, net	548,834	1,626,897
Inventories:
Inventories, net	2,754,128	2,862,176
Other current assets	62,319	42,370
Deferred income taxes	50,000	268,000
Current assets of discontinued operations	0	1,239,603
Total current assets	3,973,149	6,112,941
Property, plant & e quipment
Property, plant & equipment at cost	3,103,525	3,089,391
Less accumulated depreciation	(1,935,594)	(1,860,694)
Total property, plant & equipment	1,167,931	1,228,697
Other assets, noncurrent
Deferred financing costs	63,558	74,329
Other noncurrent assets	8,762	7,634
Noncurrent assets of discontinued operations	0	8,614,852
Total other assets	72,320	8,696,815
Total assets	5,213,400	16,038,453
Current liabilities
Line of credit - bank	614,175	1,275,000
Trade accounts payable	557,391	864,847
Due to finance company	267,208	711,577
Accrued liabilities	289,488	719,501
Deferred revenue	2,340	343,350
Short term notes payable - others	0	300,000
Current maturities of long-term debt	270,093	315,361
Current liabilities of discontinued operations	0	1,925,677
Total current liabilities	2,000,695	6,455,313
Long-term liabilities
Long term debt less current portion	2,415,696	3,264,191
Noncurrent liabilities and non-controlling interest of discontinued operations	0	7,934,949
Total long-term liabilities and non-controlling interest	2,415,696	11,199,140
Total liabilities	4,416,391	17,654,453
Stockholders' equity ( deficit )
Common Stock	143,151	143,151
Paid-in-capital	2,457,975	2,457,975
Accumulated deficit	(1,804,117)	(4,217,126)
Total stockholders' equity ( deficit )	797,009	(1,616,000)
Total liabilities and stockholders' equity ( deficit )	$ 5,213,400	$ 16,038,453

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Revenue, net:
Net revenue	$ 1,138,810	$ 1,036,865	$ 3,821,082	$ 6,630,783
Operating expenses
Cost of sales	970,691	936,331	3,261,476	5,745,794
Sales & marketing	37,533	36,046	108,663	85,831
General & administrative	136,777	134,507	467,396	449,354
Total operating expenses	1,145,001	1,106,884	3,837,535	6,280,979
Operating income (loss)	(6,191)	(70,019)	(16,453)	349,804
Other income ( expense )
Interest income	1,207	44	1,288	98
Interest expense	(40,454)	(82,127)	(171,116)	(300,838)
Debt forgiveness			440,000	0
Loss on extinguishment of debt			0	(224,000)
Total other income ( expense )	(39,247)	(82,083)	270,172	(524,740)
Net income (loss) from continuing operations before income taxes	(45,438)	(152,102)	253,719	(174,936)
Income Tax expense benefit continuing operation	(78,000)	60,000	(34,000)	(8,000)
Net income (loss) from continuing operations	(123,438)	(92,102)	219,719	(182,936)
Discontinued operations:
Net income from discontinued operations before taxes	0	156,115	236,619	356,019
IncomeTaxExpenseBenefitDiscontinuedOperations	0	(62,000)	(103,106)	(142,000)
Gain on disposal of discontinued operations, net of income taxes of $114,964			2,059,777	0
Net income from discontinued operations	0	94,115	2,193,290	214,019
Net income	$ (123,438)	$ 2,013	$ 2,413,009	$ 31,083
Earnings Per Share
Basic net income (loss) per share (Continu ing operations)	$ (0.09)	$ (0.06)	$ 0.16	$ (0.13)
Basic net income per share (Discontinued operations)		$ 0.06	$ 1.53	$ 0.15
Weighted -average common shares used in the computation of earnings per share
Basic and diluted	1,431,503	1,431,503
Diluted			2,455,496	1,431,503
Basic			1,431,503	1,431,503
Diluted net income (loss) per share (Continu ing operations)			$ 0.10	$ (0.13)
Diluted net income per share (Discontinued operations)			0.89	0.15
Diluted net income per share			0.99	0.02
Basic net income per share	$ (0.09)		$ 1.69	$ 0.02

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net income	$ 2,413,009	$ 31,083
Net income from discontinued operations	2,193,290	214,019
Net income (loss) from continuing operations	219,719	(182,936)
Net cash flows from operating activities-continuing operations	165,576	635,776
Net cash flows from operating activities-discontinued operations	(33,028)	524,420
Net cash flows from operating activities	132,548	1,160,196
Net cash flows from operating activities-continuing operations:
Depreciation and amortization	85,671	49,242
Debt forgiveness	(440,000)	0
Loss on extinguishment of debt	0	224,000
Deferred income taxes	218,000	157,000
Change in receivables	1,078,063	(84,395)
Change in inventories	108,048	1,523,426
Change in prepaids & other assets	(21,077)	(55,028)
Change in accounts payable and due to finance company	(751,825)	(1,254,177)
Change in deferred revenue	(341,010)	345,935
Change in accrued liabilities	9,987	(87,291)
Cash flows from investing activities:
Purchases of property and equipment	(14,134)	(38,124)
Proceeds from sale of discontinued operations	1,500,000	0
Changes in restricted cash	(13)	48,821
Net cash flows from investing activities-continuing operations	1,485,853	10,697
Net cash flows from investing activities-discontinued operations	(162,177)	(506,688)
Net cash flows from investing activities	1,323,676	(495,991)
Cash flows from financing activities:
Principal payments on short-term notes payable	(150,000)	0
Net cash flows from financing activities-continuing operations	(1,167,469)	(645,719)
Net cash flows from financing activities-discontinued operations	(78,251)	101,854
Net cash flows from financing activities	(1,245,720)	(543,865)
Net change in cash	210,504	120,340
Cash and cash equivalents:
Net payments on lines of credit	(660,825)	(785,845)
Principal payments on long-term debt	(483,763)	(233,249)
Funds from discontinued operations	127,119	373,375
Less: Change in cash-discontinued operations	(273,456)	119,586
Net change in cash-continuing operations	483,960	754
Cash-continuing operations
Beginning of year	35,796	130,740
End of period	$ 519,756	$ 131,494

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2014
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 nine-month period ended March 31, 2014 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
	Mar. 31, 2014
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 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. The impact of this restatement to net income (loss) from continuing operations before income taxes was $0 and $224,000 for the three and nine months periods ended March 31, 2013. As a result, the Company has restated its Condensed Consolidated Financial Statements for the quarters ended September 30, 2012, December 31, 2012 and March 31, 2013, 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 both the three and nine month periods ended March 31, 2013. Consolidated Statement of Operations Previously Reported Adjustments Restated Three Months Ended March 31, 2013 Continuing operations: Cost of sales $969,060 $ ( 32,729) $936,331 Operating loss ( 102,748) 32,729 ( 70,019) Loss before income taxes ( 184,831) 32,729 ( 152,102) Provision (benefit) for income taxes ( 71,000) 11,000 ( 60,000) Net loss ( 113,831) 21,729 ( 92,102) Net income (loss) ( 19,716) 21,729 2,013 Basic and diluted loss per share - continuing operations $(0.08) $0.02 $(0.06) Basic and diluted loss per share $(0.01) $0.01 $- Consolidated Statement of Operations Previously Reported Adjustments Restated Nine Months Ended March 31, 2013 Continuing operations: Cost of sales $5,998,602 $(252,808) $5,745,794 Operating income 96,996 252,808 349,804 Loss before income taxes (203,744) 28,808 (174,936) Provision (benefit) for income taxes (79,000) 87,000 8,000 Net loss (124,744) (58,192) (182,936) Net income 89,275 (58,192) 31,083 Basic and diluted loss per share - continuing operations $(0.09) $(0.04) $(0.13) Basic and diluted income per share $0.06 $(0.04) $0.02 Consolidated Statement of Cash Flows Previously Reported Adjustments Restated Nine Months Ended March 31, 2013 Continuing operations: Cash flows from operating activities $651,063 $(15,287) $635,776 Cash flows from investing activities (4,590) 15,287 10,697

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2014
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 convertible debentures. The following table presents the computation of basic and diluted EPS for nine and three months ended March 31, 2014 and 2013. Three Months Ended March 31, 2014 March 31, 2013 (Restated) Net income (loss) from continuing operations $(123,438) $(92,102) Net Income from discontinued operations 0 94,115 Net income (loss) $(123,438) $ 2,013 Weighted - average common shares used in the computation of basic earnings per share 1,431,503 1,431,503 Basic and diluted net income (loss) per share (Continuing operations) $(0.09) $(0.06) Basic and diluted net income per share (Discontinued operations) $0 $0.06 Basic and diluted net income (loss) per share $(0.09) $0 Nine Months Ended March 31, 2014 March 31, 2013 (Restated) Net income (loss) from continuing operations $219,719 $(182,936) Net Income from discontinued operations 2,193,290 214,019 Net income $2,413,009 $31,083 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 1,023,993 Weighted - average common shares used in the computation of diluted earnings per share 2,455,496 1,431,503 Additional income from continuing operations, assuming conversion of convertible debentures at the beginning of the period, net of taxes 16,862 Basic net income (loss) per share (Continuing operations) $0.16 $(0.13) Basic net income per share (Discontinued operations) $1.53 $0.15 Basic net income per share $1.69 $0.02 Diluted net income (loss) per share (Continuing operations) $0.10 $(0.13) Diluted net income per share (Discontinued operations) $0.89 $0.15 Diluted net income per share $0.99 $0.02 As a result of the loss from continuing operations during the three months ended March 31, 2014 and 2013 and the nine months ended March 31, 2013, 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
	Mar. 31, 2014
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
	Mar. 31, 2014
Inventories [Text Block]	5. INVENTORIES The table below summarizes information about reported components of inventory for as of March 31, 2014 and as of June 30, 2013: March 31, 2014 June 30, 2013 Raw Material 1,802,792 1,730,189 Work In Process 951,336 1,131,987 Inventory 2,754,128 2,862,176

Disposal Groups, Including Disc

Disposal Groups, Including Discontinued Operations, Disclosure	3 Months Ended
	Mar. 31, 2014
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: Non-controlling 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 tables illustrate the reporting of the discontinued operations on the face of the condensed consolidated statements of operations for the three months ended March 31, 2013 and nine months periods ended March 31, 2014 and 2013: Three months Ended March 31, 2013 Revenue $881,918 Operating expenses: Cost of sales 555,860 Sales & marketing 51,121 General & administrative 129,856 736,837 Other income 11,034 Income before income taxes 156,115 Income tax expense 62,000 Net income from discontinued operations $94,115 Nine months Ended March 31, 2014 March 31, 2013 Revenue $1,730,948 $2,557,314 Operating expenses: Cost of sales 1,095,598 1,608,594 Sales & marketing 118,342 173,980 General & administrative 296,717 436,704 1,510,657 2,219,278 Other income 16,328 17,983 Income before income taxes 236,619 356,019 Income tax expense 103,106 142,000 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 0 Net income from discontinued operations $2,193,290 $214,019

Debt

Debt	3 Months Ended
	Mar. 31, 2014
Debt [Text Block]	7. LINE OF CREDIT AND LONG-TERM DEBT The Company has a line of credit with Signature Bank under the Small Business Administration (SBA) Export Working Capital Program for $1,000,000 ($614,175 outstanding at March 31, 2014 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, which was subsequently renewed and extended to August 2015. 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). 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. Long -Term Debt Long-term debt consisted of the following: March 31, 2014 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. $892,729 $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 Mar 31, 2014), 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. 938,033 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. 723,247 753,876 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 Mar 31, 2014) 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. 131,780 174,222 Long-term debt before debentures 2,685,789 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. In December 2013, $410,000 of the debentures was applied to amounts owed to the Company in connection with the sales of Lain (see Note 6). The remaining $230,000 debentures were settled in cash during the three month period ended March 31, 2014 0 640,000 Subtotal 2,685,789 3,579,552 Less current maturities 270,093 315,361 $2,415,696 $3,264,191

Other Related Party Transaction

Other Related Party Transactions	3 Months Ended
	Mar. 31, 2014
Other Related Party Transactions [Text Block]	8. RELATED PARTY TRANSACTIONS In 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 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
	Mar. 31, 2014
Summary of Significant Accounting Policies [Text Block]	9 . RECENTLY ISSUED ACCOUNTING GUIDANCE (a) Revenue Recognition In August 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-14, "Revenue Recognition - Revenue from Contracts with Customers," which extended the effective date of a comprehensive revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The new standard will now be effective for interim and annual periods beginning after December 15, 2017, and either full retrospective adoption or modified retrospective adoption is permitted. 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. (C) Inventory Measurement In July 2015, the FASB issued Accounting Standards Update No. 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory," ("ASU 2015-11"). An entity using an inventory method other than last-in, first out ("LIFO") or the retail inventory method should measure inventory at the lower of cost and net realizable value. The new guidance clarifies that net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures.

RESTATEMENTS OF PREVIOUSLY IS14

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
Restatement to Prior Year Income [Table Text Block]	Consolidated Statement of Operations Previously Reported Adjustments Restated Three Months Ended March 31, 2013 Continuing operations: Cost of sales $969,060 $ ( 32,729) $936,331 Operating loss ( 102,748) 32,729 ( 70,019) Loss before income taxes ( 184,831) 32,729 ( 152,102) Provision (benefit) for income taxes ( 71,000) 11,000 ( 60,000) Net loss ( 113,831) 21,729 ( 92,102) Net income (loss) ( 19,716) 21,729 2,013 Basic and diluted loss per share - continuing operations $(0.08) $0.02 $(0.06) Basic and diluted loss per share $(0.01) $0.01 $- Consolidated Statement of Operations Previously Reported Adjustments Restated Nine Months Ended March 31, 2013 Continuing operations: Cost of sales $5,998,602 $(252,808) $5,745,794 Operating income 96,996 252,808 349,804 Loss before income taxes (203,744) 28,808 (174,936) Provision (benefit) for income taxes (79,000) 87,000 8,000 Net loss (124,744) (58,192) (182,936) Net income 89,275 (58,192) 31,083 Basic and diluted loss per share - continuing operations $(0.09) $(0.04) $(0.13) Basic and diluted income per share $0.06 $(0.04) $0.02 Consolidated Statement of Cash Flows Previously Reported Adjustments Restated Nine Months Ended March 31, 2013 Continuing operations: Cash flows from operating activities $651,063 $(15,287) $635,776 Cash flows from investing activities (4,590) 15,287 10,697

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2014
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2014 March 31, 2013 (Restated) Net income (loss) from continuing operations $(123,438) $(92,102) Net Income from discontinued operations 0 94,115 Net income (loss) $(123,438) $ 2,013 Weighted - average common shares used in the computation of basic earnings per share 1,431,503 1,431,503 Basic and diluted net income (loss) per share (Continuing operations) $(0.09) $(0.06) Basic and diluted net income per share (Discontinued operations) $0 $0.06 Basic and diluted net income (loss) per share $(0.09) $0 Nine Months Ended March 31, 2014 March 31, 2013 (Restated) Net income (loss) from continuing operations $219,719 $(182,936) Net Income from discontinued operations 2,193,290 214,019 Net income $2,413,009 $31,083 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 1,023,993 Weighted - average common shares used in the computation of diluted earnings per share 2,455,496 1,431,503 Additional income from continuing operations, assuming conversion of convertible debentures at the beginning of the period, net of taxes 16,862 Basic net income (loss) per share (Continuing operations) $0.16 $(0.13) Basic net income per share (Discontinued operations) $1.53 $0.15 Basic net income per share $1.69 $0.02 Diluted net income (loss) per share (Continuing operations) $0.10 $(0.13) Diluted net income per share (Discontinued operations) $0.89 $0.15 Diluted net income per share $0.99 $0.02 As a result of the loss from continuing operations during the three months ended March 31, 2014 and 2013 and the nine months ended March 31, 2013, 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.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2014
Schedule of Inventory, Current [Table Text Block]	March 31, 2014 June 30, 2013 Raw Material 1,802,792 1,730,189 Work In Process 951,336 1,131,987 Inventory 2,754,128 2,862,176

Disposal Groups, Including Di17

Disposal Groups, Including Discontinued Operations, Disclosure (Tables)	3 Months Ended
	Mar. 31, 2014
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: Non-controlling 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 tables illustrate the reporting of the discontinued operations on the face of the condensed consolidated statements of operations for the three months ended March 31, 2013 and nine months periods ended March 31, 2014 and 2013: Three months Ended March 31, 2013 Revenue $881,918 Operating expenses: Cost of sales 555,860 Sales & marketing 51,121 General & administrative 129,856 736,837 Other income 11,034 Income before income taxes 156,115 Income tax expense 62,000 Net income from discontinued operations $94,115 Nine months Ended March 31, 2014 March 31, 2013 Revenue $1,730,948 $2,557,314 Operating expenses: Cost of sales 1,095,598 1,608,594 Sales & marketing 118,342 173,980 General & administrative 296,717 436,704 1,510,657 2,219,278 Other income 16,328 17,983 Income before income taxes 236,619 356,019 Income tax expense 103,106 142,000 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 0 Net income from discontinued operations $2,193,290 $214,019

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Schedule of Debt [Table Text Block]	March 31, 2014 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. $892,729 $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 Mar 31, 2014), 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. 938,033 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. 723,247 753,876 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 Mar 31, 2014) 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. 131,780 174,222 Long-term debt before debentures 2,685,789 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. In December 2013, $410,000 of the debentures was applied to amounts owed to the Company in connection with the sales of Lain (see Note 6). The remaining $230,000 debentures were settled in cash during the three month period ended March 31, 2014 0 640,000 Subtotal 2,685,789 3,579,552 Less current maturities 270,093 315,361 $2,415,696 $3,264,191

RESTATEMENTS OF PREVIOUSLY IS19

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Narrative) (Details)	3 Months Ended
	Mar. 31, 2014USD ($)
Restatements Of Previously Issued Financial Statements 1	$ 0
Restatements Of Previously Issued Financial Statements 2	224,000
Restatements Of Previously Issued Financial Statements 3	5,998,602
Restatements Of Previously Issued Financial Statements 4	(252,808)
Restatements Of Previously Issued Financial Statements 5	$ 5,745,794
Restatements Of Previously Issued Financial Statements 6	96,996
Restatements Of Previously Issued Financial Statements 7	252,808
Restatements Of Previously Issued Financial Statements 8	349,804
Restatements Of Previously Issued Financial Statements 9	(203,744)
Restatements Of Previously Issued Financial Statements 10	28,808
Restatements Of Previously Issued Financial Statements 11	(174,936)
Restatements Of Previously Issued Financial Statements 12	(79,000)
Restatements Of Previously Issued Financial Statements 13	87,000
Restatements Of Previously Issued Financial Statements 14	8,000
Restatements Of Previously Issued Financial Statements 15	(124,744)
Restatements Of Previously Issued Financial Statements 16	(58,192)
Restatements Of Previously Issued Financial Statements 17	(182,936)
Restatements Of Previously Issued Financial Statements 18	89,275
Restatements Of Previously Issued Financial Statements 19	(58,192)
Restatements Of Previously Issued Financial Statements 20	31,083
Restatements Of Previously Issued Financial Statements 21	$ (0.09)
Restatements Of Previously Issued Financial Statements 22	(0.04)
Restatements Of Previously Issued Financial Statements 23	(0.13)
Restatements Of Previously Issued Financial Statements 24	0.06
Restatements Of Previously Issued Financial Statements 25	(0.04)
Restatements Of Previously Issued Financial Statements 26	0.02
Restatements Of Previously Issued Financial Statements 27	651,063
Restatements Of Previously Issued Financial Statements 28	(15,287)
Restatements Of Previously Issued Financial Statements 29	$ 635,776
Restatements Of Previously Issued Financial Statements 30	(4,590)
Restatements Of Previously Issued Financial Statements 31	15,287
Restatements Of Previously Issued Financial Statements 32	10,697

Restatement to Prior Year Incom

Restatement to Prior Year Income (Details)	3 Months Ended
	Mar. 31, 2014USD ($)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 1	$ 969,060
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 2	32,729
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 3	936,331
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 4	102,748
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 5	32,729
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 6	70,019
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 7	184,831
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 8	32,729
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 9	152,102
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 10	71,000
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 11	11,000
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 12	60,000
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 13	113,831
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 14	21,729
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 15	92,102
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 16	19,716
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 17	21,729
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 18	2,013
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 19	(0.08)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 20	0.02
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	(0.01)
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 23	0.01
Restatements Of Previously Issued Financial Statements Restatement To Prior Year Income 24	$ 0

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details)	3 Months Ended
	Mar. 31, 2014USD ($)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 1	$ (123,438)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 2	(92,102)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 3	0
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 4	94,115
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 5	(123,438)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 6	1,431,503
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	(0.09)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 9	(0.06)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 10	0
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 11	0.06
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 12	(0.09)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 13	0
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 14	219,719
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 15	(182,936)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 16	2,193,290
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 17	214,019
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 18	2,413,009
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 19	31,083
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 20	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 21	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 22	1,023,993
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 23	2,455,496
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 24	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 25	16,862
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 26	0.16
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 27	(0.13)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 28	1.53
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 29	0.15
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 30	1.69
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 31	0.02
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 32	0.10
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 33	(0.13)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 34	0.89
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 35	0.15
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 36	0.99
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 37	$ 0.02

Schedule of Inventory, Current

Schedule of Inventory, Current (Details)	3 Months Ended
	Mar. 31, 2014USD ($)
Inventories Schedule Of Inventory, Current 1	$ 1,802,792
Inventories Schedule Of Inventory, Current 2	1,730,189
Inventories Schedule Of Inventory, Current 3	951,336
Inventories Schedule Of Inventory, Current 4	1,131,987
Inventories Schedule Of Inventory, Current 5	2,754,128
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
	Mar. 31, 2014USD ($)
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 1	$ 273,456
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 2	364,911
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 3	570,679
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 4	30,557
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 5	1,239,603
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 6	740,426
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 7	7,874,426
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 8	8,614,852
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 9	9,854,455
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 10	144,214
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 11	198,912
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 12	1,564,823
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 13	17,728
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 14	1,925,677
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 15	7,874,426
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 16	60,523
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 17	7,934,949
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 18	9,860,626
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 19	881,918
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 20	555,860
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 21	51,121
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 22	129,856
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 23	736,837
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 24	11,034
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 25	156,115
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 26	62,000
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 27	94,115
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 28	1,730,948
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 29	2,557,314
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 30	1,095,598
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 31	1,608,594
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 32	118,342
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 33	173,980
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 34	296,717
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 35	436,704
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 36	1,510,657
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 37	2,219,278
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 38	16,328
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 39	17,983
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 40	236,619
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 41	356,019
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 42	103,106
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 43	142,000
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 44	114,964
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 45	2,059,777
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 46	0
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 47	2,193,290
Disposal Groups, Including Discontinued Operations, Disclosure Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 48	$ 214,019

Schedule of Debt (Details)

Schedule of Debt (Details)	3 Months Ended
	Mar. 31, 2014USD ($)
Debt Schedule Of Debt 1	$ 6,672
Debt Schedule Of Debt 2	6.00%
Debt Schedule Of Debt 3	$ 892,729
Debt Schedule Of Debt 4	922,151
Debt Schedule Of Debt 5	$ 20,503
Debt Schedule Of Debt 6	1.00%
Debt Schedule Of Debt 7	(4.25%)
Debt Schedule Of Debt 8	$ 31
Debt Schedule Of Debt 9	938,033
Debt Schedule Of Debt 10	1,089,303
Debt Schedule Of Debt 11	$ 5,107
Debt Schedule Of Debt 12	4.10%
Debt Schedule Of Debt 13	$ 723,247
Debt Schedule Of Debt 14	753,876
Debt Schedule Of Debt 15	$ 6,091
Debt Schedule Of Debt 16	2.75%
Debt Schedule Of Debt 17	(6.00%)
Debt Schedule Of Debt 18	$ 31
Debt Schedule Of Debt 19	131,780
Debt Schedule Of Debt 20	174,222
Debt Schedule Of Debt 21	2,685,789
Debt Schedule Of Debt 22	$ 2,939,552
Debt Schedule Of Debt 23	9.00%
Debt Schedule Of Debt 24	$ 0.40
Debt Schedule Of Debt 25	410,000
Debt Schedule Of Debt 26	230,000
Debt Schedule Of Debt 27	0
Debt Schedule Of Debt 28	640,000
Debt Schedule Of Debt 29	2,685,789
Debt Schedule Of Debt 30	3,579,552
Debt Schedule Of Debt 31	270,093
Debt Schedule Of Debt 32	315,361
Debt Schedule Of Debt 33	2,415,696
Debt Schedule Of Debt 34	$ 3,264,191