JANEL WORLD TRADE LTD - FORM 10-Q/A - XML - IDEA: XBRL DOCUMENT - August 25, 2011

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v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES:    
Net loss $ (379,325) $ 226,478
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 277,005 183,252
Amortization of imputed interest 60,648 20,646
Stock issued for services 0 9,200
Deferred income taxes (29,000) 115,007
Changes in operating assets and liabilities:    
Accounts receivable 366,771 (1,478,785)
Inventories (207,395) 0
Tax refund receivable (148,000) 284,558
Prepaid expenses and sundry current assets (98,498) 158,295
Accounts payable and accrued expenses (60,828) 788,738
NET CASH PROVIDED BY OPERATING ACTIVITIES (218,622) 307,389
INVESTING ACTIVITIES:    
Acquisition of property and equipment, net (342,229) (11,847)
Purchase of marketable securities (298) (179)
NET CASH USED IN INVESTING ACTIVITIES (342,527) (12,026)
FINANCING ACTIVITIES:    
Dividend paid (11,250) (7,546)
Repayment of long-term debt 263,476 (425,000)
Repayment of note payable - related party (435,000) 0
Repayment of loans receivable 2,287 20,422
Purchase of treasury stock (37,625) 0
Repayment of loans payable - related party 0 (100,078)
NET CASH USED IN FINANCING ACTIVITIES (218,112) (512,202)
DECREASE IN CASH AND CASH EQUIVALENTS (779,261) (216,839)
CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD 1,354,912 1,483,150
CASH AND CASH EQUIVALENTS END OF PERIOD 575,651 1,266,311
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 44,598 59,161
Income taxes 325,243 1,708
Non-cash financing activities:    
Unrealized gain (loss) on marketable securities 8,526 (2,157)
Dividends declared to preferred stockholders (11,250) (11,296)
Cancellation of note payable - other (Note 4) 0 (125,000)
Acquisition of business:    
Intangible assets acquired 1,840,000  
Common stock issued (600,000)  
Long-term debt issued (net of imputed interest) (1,240,000)  
Effect on cash $ 0  

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