Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ (4,658,851) $ 7,481,106
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 4,869,182 4,128,317
Provision for bad debts 247,530 54,444
Share of net loss (income) from investment under equity method 370,332 (468,095)
(Gain) loss on sale of assets 190,027 (29,118)
(Gain) loss on sale of subsidiary (1,870,871)  
Stock issued for interest on notes payable   211,111
Stock issued for services 817,417 38,790
Fair market value of warrants and stock options granted 189,937 455,926
Amortization of financing costs   615,394
Changes in operating assets and liabilities:    
Accounts receivable 2,393,876 (4,649,531)
Revenue in excess of billing 10,568,918 98,323
Other current assets 144,372 (228,434)
Accounts payable and accrued expenses 2,064,982 2,032,318
Net cash provided by operating activities 15,326,851 9,740,551
Cash flows from investing activities:    
Purchases of property and equipment (9,583,663) (6,751,002)
Sales of property and equipment 61,080 138,385
Sale of subsidiary 1,810,700  
Purchase of non-controlling interest in subsidiaries (17,852) (799,349)
Increase in intangible assets (3,158,083) (3,495,938)
Net cash used in investing activities (10,887,818) (10,907,904)
Cash flows from financing activities:    
Proceeds from the exercise of stock options and warrants 709,436 2,212,712
Payment to common shareholders for fractional shares   (194)
Proceeds from exercise of subsidiary options 376,811 90,589
Restricted cash (620,117) (1,925,344)
Dividend paid by subsidiary to non-controlling interest (1,008,543)  
Proceeds from bank loans 1,366,226 1,874,079
Payments on capital lease obligations and loans - net (610,822) (687,125)
Net cash provided by financing activities 212,991 1,564,717
Effect of exchange rate changes (142,647) (290,813)
Net increase in cash and cash equivalents 4,509,377 106,551
Cash and cash equivalents, beginning of the period 7,874,318 7,599,607
Cash and cash equivalents, end of period $ 12,383,695 $ 7,706,158