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EXCEL - IDEA: XBRL DOCUMENT - Inova Technology Inc.Financial_Report.xls
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EX-32.1 - EXHIBIT 32.1 - Inova Technology Inc.ex32_1.htm
EX-31.1 - EXHIBIT 31.1 - Inova Technology Inc.ex31_1.htm
EX-32.2 - EXHIBIT 32.2 - Inova Technology Inc.ex32_2.htm
10-Q/A - FOR THE QUARTERLY PERIOD ENDED JULY 31, 2012 - Inova Technology Inc.m91212010q.htm
EX-31.2 - EXHIBIT 31.2 - Inova Technology Inc.ex31_2.htm
v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended
Jul. 31, 2012
Jul. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (92,594) $ (117,598)
Adjustments to reconcile net loss to net cash used provided by operating activities:    
Depreciation expense, $0 and $344,995 included in cost of revenues 128,273 118,347
Amortization expense - loan discounts and deferred financing costs 178,500   
Amortization expense - intangible      
Paid in kind interest 18,088 18,932
Gain on sale of asset     
Gain on debt extinguishment (87,582)   
Impairment loss     
Warrants issued for services     
Derivative gain (690,883) (222,942)
Changes in operating assets and liabilities:    
Accounts receivable 236,699 416,405
Credit facility receivable (63,335) 586,418
Inventory (6,840) (150)
Costs in excess of billing and estimated earnings 70,818 48,511
Prepaid expenses and other current assets 3,514 3,897
Other assets 2,640   
Accounts payable and accrued expenses 294,567 (699,915)
Deferred revenues (48,966) (11,458)
Net cash provided by operating activities of operations (57,101) 140,447
CASH FLOW INVESTING ACTIVITIES    
Purchase of fixed assets     
Net cash used in investing activities      
CASH FLOW FINANCING ACTIVITIES    
Proceeds from notes payable 82,500  
Common stock issued for cash 10,000  
Repayments made on notes payable (36,313) (14,257)
Common stock issued for investment    
Net cash used in financing activities 56,187 (14,257)
NET CHANGE IN CASH (914) 126,190
CASH AT BEGINNING OF YEAR 752,011 752,011
CASH AT END OF YEAR 878,201 878,201
SUPPLEMENTAL INFORMATION:    
Interest paid 42,383 92,271
Income taxes paid 21,361 21,904
NON-CASH INVESTINGAND FINANCING ACTIVITIES:    
Common stock issued for conversion of notes payable 25,251   
Purchase of patent with stock    73,892
Reclassification of derivative liabilities from additional paid-in capital     
Reclassification of put notes from derivative liabilities     
Accrued interest reclassified to related party notes payable     
Common stock issued for settlement of accounts payable     
Discount on notes payable from derivative liabilities   $ 178,500