Oakridge (OKRG) 10-Q 25 Mar 16 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	3 Months Ended
	Dec. 31, 2014	Mar. 25, 2016
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 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		1,431,503
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Public Float	$ 429,451
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2014	Jun. 30, 2014
Current assets
Cash	$ 518,415	$ 324,291
Restricted cash	38,128	38,117
Trade accounts receivable, net	887,602	1,233,714
Inventories, net	2,868,879	2,829,055
Other current assets	74,672	44,010
Deferred income taxes	83,000	50,000
Total current assets	4,470,696	4,519,187
Property, plant & equipment
Property, plant & equipment at cost	3,126,109	3,118,897
Less accumulated depreciation	(1,982,684)	(1,942,354)
Total property, plant & equipment	1,143,425	1,176,543
Other assets, non-current
Deferred financing costs	52,067	59,731
Other asset, non-current	8,783	8,783
Total other assets	60,850	68,514
Total assets	5,674,971	5,764,244
Current liabilities
Line of credit - bank	751,317	798,514
Trade accounts payable	579,471	622,362
Due to finance company	403,044	444,592
Accrued liabilities	369,932	331,532
Deferred revenue	231,155	41,103
Current maturities of long-term debt	338,959	353,181
Total current liabilities	2,673,878	2,591,284
Long-term liabilities
Long term debt less current portion	2,105,538	2,258,428
Total Long-term liabilities	2,105,538	2,258,428
Total liabilities	4,779,416	4,849,712
Stockholders' equity
Common Stock	143,151	143,151
Paid-in-capital	2,457,975	2,457,975
Accumulated deficit	(1,705,571)	(1,686,594)
Total stockholders' equity	895,555	914,532
Total liabilities and stockholders' equity	$ 5,674,971	$ 5,764,244

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Revenue, net:
Net revenue	$ 1,436,075	$ 1,124,771	$ 2,805,850	$ 2,682,272
Cost of Revenue:
Cost of sales	1,308,425	917,630	2,469,461	2,290,785
Gross profit	127,650	207,141	336,389	391,487
Operating expenses
Sales & marketing	41,205	49,731	65,880	71,130
General & administrative	96,278	184,757	211,883	330,619
Total operating expenses	137,483	234,488	277,763	401,749
Operating income (loss)	(9,833)	(27,347)	58,626	(10,262)
Other income (expenses)
Interest income	27	78	264	81
Interest expense	(46,214)	(55,945)	(90,867)	(130,662)
Debt forgiveness	0	440,000	0	440,000
Total other income (expenses)	(46,187)	384,133	(90,603)	309,419
Net income (loss) from continuing operations before income taxes	(56,020)	356,786	(31,977)	299,157
Income tax benefit-continuing operations	(22,000)	(21,000)	(13,000)	(44,000)
Net income (loss) from continuing operations	(34,020)	377,786	(18,977)	343,157
Discontinued operations:
Net income from discontinued operations before taxes	0	95,380	0	236,619
Income tax expense-discontinued operations	0	(47,106)	0	103,106
Gain on disposal of discontinued operations, net of income taxes of $114,964	0	2,059,777	0	2,059,777
Net income from discontinued operations	0	2,108,051	0	2,193,290
Net income (loss)	$ (34,020)	$ 2,485,837	$ (18,977)	$ 2,536,447
Weighted -average common shares used in the computation of EPS
Basic	1,431,503	1,431,503	1,431,503	1,431,503
Diluted	1,431,503	2,890,844	1,431,503	2,961,173
Basic net income (loss) per share (Continuing operations)	$ (0.02)	$ 0.26	$ (0.01)	$ 0.24
Basic net income (loss) per share (Discontinued operations)		1.47		1.53
Basic net income (loss) per share	$ (0.02)	1.73	$ (0.01)	1.77
Diluted net income (loss) per share (Continuing operations)		0.13		0.12
Diluted net income (loss) per share (Discontinued operations)		0.73		0.74
Diluted net income (loss) per share		$ 0.86		$ 0.86

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income (loss)	$ (18,977)	$ 2,536,447
Net income from discontinued operations	0	2,193,290
Net income (loss) from continued operations	(18,977)	343,157
Net cash flows from operating activities-continuing operations	415,656	449,762
Net cash flows from operating activities-discontinued operations	0	(33,028)
Net cash flows from operating activities	415,656	416,734
net cash flows from operating activities-continuing operations:
Depreciation and amortization	40,330	57,211
Debt forgiveness	0	(440,000)
Deferred income taxes	(33,000)	174,070
Receivables	346,112	1,005,588
Inventories	(39,824)	345,087
Prepaids & other assets	(22,998)	(40,805)
Accounts payable and due to finance company	(84,439)	(695,553)
Deferred revenue	190,052	(304,796)
Accrued liabilities	38,400	5,803
Cash flows from investing activities:
Purchases of property and equipment	(7,212)	(5,863)
Proceeds from sale of discontinued operations	0	1,500,000
Changes in restricted cash	(11)	(11)
Net cash flows from investing activities-continuing operations	(7,223)	1,494,126
Net cash flows from investing activities-discontinued operations	0	(162,177)
Net cash flows from investing activities	(7,223)	1,331,949
Cash flows from financing activities:
Principal payments on short-term notes payable	0	(150,000)
Payment of line of credit	(47,197)	(772,790)
Funds received from discontinued operations	0	127,119
Principal payments on long-term debt	(167,112)	(164,577)
Net cash flows from financing activities-continuing operations	(214,309)	(960,248)
Net cash flows from financing activities-discontinued operations	0	(78,251)
Net cash flows from financing activities	(214,309)	(1,038,499)
Net change in cash	194,124	710,184
Cash and cash equivalents:
Less: Change in cash-discontinued operations	0	(273,456)
Net change in cash-continuing operations	194,124	983,640
Cash-continuing operations
Beginning of year	324,291	35,796
End of period	$ 518,415	$ 1,019,436

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 6 months ended Dec. 31, 2014	USD ($)
Beginning Balance at Jun. 30, 2014	$ 914,532
Net Income (Loss)	(18,977)
Ending Balance at Dec. 31, 2014	$ 895,555

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Dec. 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 subsidiary. 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, 2014. Operating results for the six-month period ended December 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.

Discontinued Operations-Cemeter

Discontinued Operations-Cemetery Business	3 Months Ended
	Dec. 31, 2014
Discontinued Operations-Cemetery Business [Text Block]	2. 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 following table illustrates the reporting of the discontinued operations on the face of the condensed statements of operations for the three and six months ended December 31, 2013: Three Months Ended December 31, 2013 Revenue $751,147 Cost of sales 471,906 Gross income 279,241 Operating expense Sales & marketing 55,956 General & administrative 132,388 Operating income 660,250 Other income (expense) 4,483 Income before income taxes 95,380 Income tax expense 47,106 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 Net income from discontinued operations $2,108,051 Six Months Ended December 31, 2013 Revenue $1,730,948 Cost of sales 1,095,598 Gross income 635,350 Operating expenses: Sales & marketing 118,342 General & administrative 296,717 Operating income 1,510,657 Other income (expense) 16,328 Income before income taxes 236,619 Income tax expense 103,106 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 Net income from discontinued operations $2,193,290

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Dec. 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: Three Months Ended December 31, 2014 December 31, 2013 Net Income (loss) from continuing operations $(34,020) $377,786 Net Income from discontinued operation - 2,108,051 Net income (loss) $(34,020) $2,485,837 Basic net income (loss) per share (Continuing operations) $(0.02) $0.26 Basic net income (loss) per share (Discontinued operations) $ - $1.47 Basic net income (loss) per share $(0.02) $1.73 Diluted net income (loss) per share (Continuing operations) Anti-dilutive $0.13 Diluted net income (loss) per share (Discontinued operations) $ - $0.73 Diluted net income (loss) per share Anti-dilutive $0.86 Weighted -average common shares used in the computation of EPS Basic 1,431,503 1,431,503 Diluted 1,431,503 2,890,844 Six Months Ended December 31, 2014 December 31, 2013 Net Income (loss) from continuing operations $(18,977) $343,157 Net Income from discontinued operation - 2,193,290 Net income (loss) $(18,977) $2,536,447 Basic net income (loss) per share (Continuing operations) $(0.01) $0.24 Basic net income (loss) per share (Discontinued operations) $ - $1.53 Basic net income (loss) per share $(0.01) $1.77 Diluted net income (loss) per share (Continuing operations) Anti-dilutive $0.12 Diluted net income (loss) per share (Discontinued operations) $ - $0.74 Diluted net income (loss) per share Anti-dilutive $0.86 Weighted -average common shares used in the computation of EPS Basic 1,431,503 1,431,503 Diluted 1,431,503 2,961,173

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Dec. 31, 2014
COMPREHENSIVE INCOME (LOSS) [Text Block]	4. COMPREHENSIVE INCOME The Company has no significant components of other comprehensive income and accordingly, comprehensive income is the same as net income for all periods.

Inventories

Inventories	3 Months Ended
	Dec. 31, 2014
Inventories [Text Block]	5. INVENTORIES The table below summarizes information about reported components of inventory for as of December 31, 2014 and as of June 30, 2014: December 31 , 2014 June 30, 2014 Raw Material $ 1,833,265 $ 1,754,901 Work in Process 1,035,614 1,050,010 Finished Goods - 24,144 Inventory $ 2,868,879 $ 2,829,055

Debt

Debt	3 Months Ended
	Dec. 31, 2014
Debt [Text Block]	6 . LINE OF CREDIT AND LONG-TERM DEBT Lines of Credit — Bank The Company has a line of credit agreement with the SignatureB ank allowing borrowings up to $1,000,000, subject to certain borrowing base limitations, with interest at 2% over the reference rate with a floor of 7% ( 7% at December 31, 2014), maturing Aug, 2015. The reference rate is the rate announced by U.S. Bank National Association referred to as the “U.S. Bancorp Prime Lending Rate”. As of December 31, 2014 and June 30,2014, the outstanding borrowings under this line of credit were $751,317 and $798,514, respectively. The proceeds can only be used to finance inventory destined for export outside the United States and to support performance bonds associated with related contract down payments. The note is secured by the foreign accounts receivable and export inventory of the Company’s wholly-owned subsidiary, Stinar HG, Inc., continuing commercial guarantees from the Company, the Chief Executive Officer and VP of Marketing and Sales and the assignment of a life insurance policy on the Chief Executive Officer. Long -Term Debt Long-term debt consisted of the following: December 31, 2014 June 30, 2014 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. $873,235 $886,379 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, 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. 781,642 886,567 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. 707,660 723,239 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, 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. 81,960 115,424 Total Debt 2,444,497 2,611,609 Less current maturities 338,959 353,181 Long term Debt $2,105,538 $2,258,428 The Company’s credit agreements with its bank contain certain annual covenants, which were not met at June 30, 2013, 2014 and 2015, but which were subsequently waived by the bank. The next covenant calculation date will be June 30, 2016.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2014
Summary of Significant Accounting Policies [Text Block]	7 . 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. (d) Disclosure of Discontinued Operations In April 2014, the FASB issued ASU 2014-08 “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. The amendments in this Update improve the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results. 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. (e) Deferred Taxes In November 2015, the FASB issued ASU No. 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). This new guidance requires businesses to classify deferred tax liabilities and assets on their balance sheets as noncurrent. Under existing accounting, a business must separate deferred income tax liabilities and assets into current and noncurrent. ASU 2015-17 was issued as a way to simplify the way businesses classify deferred tax liabilities and assets on their balance sheets. Public companies must apply ASU 2015-17 to fiscal years beginning after December 15, 2016. Companies must follow the requirements for interim periods within those fiscal years, but early adoption at the beginning of an interim or annual period is allowed for all entities. The Company will apply the guidance prospectively. The Company does not expect these amendments to have a material effect on its financial statements. (f) Leases In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842),” which requires companies to recognize all leases as assets and liabilities on the consolidated balance sheet. This ASU retains a distinction between finance leases and operating leases, and the classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the current accounting literature. The result of retaining a distinction between finance leases and operating leases is that under the lessee accounting model in Topic 842, the effect of leases in a consolidated statement of income and a consolidated statement of cash flows is largely unchanged from previous GAAP. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Earlier application is permitted. The Company is currently evaluating the impact that the adoption of this ASU will have on its Consolidated Financial Statements.

Discontinued Operations-Cemet13

Discontinued Operations-Cemetery Business (Tables)	3 Months Ended
	Dec. 31, 2014
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	Three Months Ended December 31, 2013 Revenue $751,147 Cost of sales 471,906 Gross income 279,241 Operating expense Sales & marketing 55,956 General & administrative 132,388 Operating income 660,250 Other income (expense) 4,483 Income before income taxes 95,380 Income tax expense 47,106 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 Net income from discontinued operations $2,108,051 Six Months Ended December 31, 2013 Revenue $1,730,948 Cost of sales 1,095,598 Gross income 635,350 Operating expenses: Sales & marketing 118,342 General & administrative 296,717 Operating income 1,510,657 Other income (expense) 16,328 Income before income taxes 236,619 Income tax expense 103,106 Gain on disposal of discontinued operations, net of income taxes of $114,964 2,059,777 Net income from discontinued operations $2,193,290

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Dec. 31, 2014
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended December 31, 2014 December 31, 2013 Net Income (loss) from continuing operations $(34,020) $377,786 Net Income from discontinued operation - 2,108,051 Net income (loss) $(34,020) $2,485,837 Basic net income (loss) per share (Continuing operations) $(0.02) $0.26 Basic net income (loss) per share (Discontinued operations) $ - $1.47 Basic net income (loss) per share $(0.02) $1.73 Diluted net income (loss) per share (Continuing operations) Anti-dilutive $0.13 Diluted net income (loss) per share (Discontinued operations) $ - $0.73 Diluted net income (loss) per share Anti-dilutive $0.86 Weighted -average common shares used in the computation of EPS Basic 1,431,503 1,431,503 Diluted 1,431,503 2,890,844 Six Months Ended December 31, 2014 December 31, 2013 Net Income (loss) from continuing operations $(18,977) $343,157 Net Income from discontinued operation - 2,193,290 Net income (loss) $(18,977) $2,536,447 Basic net income (loss) per share (Continuing operations) $(0.01) $0.24 Basic net income (loss) per share (Discontinued operations) $ - $1.53 Basic net income (loss) per share $(0.01) $1.77 Diluted net income (loss) per share (Continuing operations) Anti-dilutive $0.12 Diluted net income (loss) per share (Discontinued operations) $ - $0.74 Diluted net income (loss) per share Anti-dilutive $0.86 Weighted -average common shares used in the computation of EPS Basic 1,431,503 1,431,503 Diluted 1,431,503 2,961,173

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Dec. 31, 2014
Schedule of Inventory, Current [Table Text Block]	December 31 , 2014 June 30, 2014 Raw Material $ 1,833,265 $ 1,754,901 Work in Process 1,035,614 1,050,010 Finished Goods - 24,144 Inventory $ 2,868,879 $ 2,829,055

Debt (Tables)

Debt (Tables)	3 Months Ended
	Dec. 31, 2014
Schedule of Debt [Table Text Block]	December 31, 2014 June 30, 2014 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. $873,235 $886,379 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, 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. 781,642 886,567 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. 707,660 723,239 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, 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. 81,960 115,424 Total Debt 2,444,497 2,611,609 Less current maturities 338,959 353,181 Long term Debt $2,105,538 $2,258,428

Discontinued Operations-Cemet17

Discontinued Operations-Cemetery Business (Narrative) (Details)	3 Months Ended
	Dec. 31, 2014USD ($)
Discontinued Operations-cemetery Business 1	$ 2,060,000
Discontinued Operations-cemetery Business 2	1,500,000
Discontinued Operations-cemetery Business 3	560,000
Discontinued Operations-cemetery Business 4	410,000
Discontinued Operations-cemetery Business 5	$ 150,000

Debt (Narrative) (Details)

Debt (Narrative) (Details)	3 Months Ended
	Dec. 31, 2014USD ($)
Debt 1	$ 1,000,000
Debt 2	2.00%
Debt 3	7.00%
Debt 4	7.00%
Debt 5	31
Debt 6	302,014
Debt 7	$ 751,317
Debt 8	$ 798,514

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, 2014USD ($)
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 1	$ 751,147
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 2	471,906
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 3	279,241
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 4	55,956
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 5	132,388
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 6	660,250
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 7	4,483
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 8	95,380
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 9	47,106
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 10	2,059,777
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 11	2,108,051
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 12	1,730,948
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 13	1,095,598
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 14	635,350
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 15	118,342
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 16	296,717
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 17	1,510,657
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 18	16,328
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 19	236,619
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 20	103,106
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 21	2,059,777
Discontinued Operations-cemetery Business Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet And Additional Disclosures 22	$ 2,193,290

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details)	3 Months Ended
	Dec. 31, 2014USD ($)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 1	$ (34,020)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 2	377,786
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	2,108,051
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 5	(34,020)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 6	2,485,837
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 7	(0.02)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 8	0.26
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 9	1.47
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 10	(0.02)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 11	1.73
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 12	0.13
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 13	0.73
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 14	0.86
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 15	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 16	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 17	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 18	2,890,844
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 19	(18,977)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 20	343,157
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 21	0
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 22	2,193,290
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 23	(18,977)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 24	2,536,447
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 25	(0.01)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 26	0.24
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 27	1.53
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 28	(0.01)
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 29	1.77
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 30	0.12
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 31	0.74
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 32	0.86
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	1,431,503
Earnings Per Common Share Schedule Of Earnings Per Share, Basic And Diluted 36	$ 2,961,173

Schedule of Inventory, Current

Schedule of Inventory, Current (Details)	3 Months Ended
	Dec. 31, 2014USD ($)
Inventories Schedule Of Inventory, Current 1	$ 1,833,265
Inventories Schedule Of Inventory, Current 2	1,754,901
Inventories Schedule Of Inventory, Current 3	1,035,614
Inventories Schedule Of Inventory, Current 4	1,050,010
Inventories Schedule Of Inventory, Current 5	0
Inventories Schedule Of Inventory, Current 6	24,144
Inventories Schedule Of Inventory, Current 7	2,868,879
Inventories Schedule Of Inventory, Current 8	$ 2,829,055

Schedule of Debt (Details)

Schedule of Debt (Details)	3 Months Ended
	Dec. 31, 2014USD ($)
Debt Schedule Of Debt 1	$ 6,672
Debt Schedule Of Debt 2	6.00%
Debt Schedule Of Debt 3	$ 873,235
Debt Schedule Of Debt 4	886,379
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	$ 781,642
Debt Schedule Of Debt 9	886,567
Debt Schedule Of Debt 10	$ 5,107
Debt Schedule Of Debt 11	4.10%
Debt Schedule Of Debt 12	$ 707,660
Debt Schedule Of Debt 13	723,239
Debt Schedule Of Debt 14	$ 6,091
Debt Schedule Of Debt 15	2.75%
Debt Schedule Of Debt 16	6.00%
Debt Schedule Of Debt 17	$ 81,960
Debt Schedule Of Debt 18	115,424
Debt Schedule Of Debt 19	2,444,497
Debt Schedule Of Debt 20	2,611,609
Debt Schedule Of Debt 21	338,959
Debt Schedule Of Debt 22	353,181
Debt Schedule Of Debt 23	2,105,538
Debt Schedule Of Debt 24	$ 2,258,428