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EXCEL - IDEA: XBRL DOCUMENT - METWOOD INCFinancial_Report.xls
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v2.4.0.6
Consolitated Balance Sheets (USD $)
Sep. 30, 2012
Jun. 30, 2012
Current Assets    
Cash and cash equivalents $ 75,003 $ 58,646
Accounts receivable, net 328,768 231,081
Inventory 904,479 961,780
Other current assets 28,930 31,871
Total current assets 1,337,180 1,283,378
Leasehold and land improvements 333,332 332,779
Furniture, fixtures and equipment 93,458 98,458
Computer hardware, software and peripherals 170,389 167,763
Machinery and shop equipment 461,586 459,087
Total 1,444,784 1,434,460
Less accumulated depreciation (1,021,125) (1,001,068)
Net property and equipment 423,659 433,392
Deferred tax asset 212,728 224,317
Less valuation reserve (106,364) (112,159)
Total Other Assets 106,364 112,158
TOTAL ASSETS 1,867,203 1,828,928
Current Liabilities    
Accounts payable 188,520 164,052
Total current liabilities 188,520 164,052
Due to related company 104,837 112,711
Total long-term liabilities 104,837 112,711
Total liabilities 293,357 276,763
Common stock, $.001 par,100,000,000 shares authorized; 12,131,797 shares issued and outstanding at September 30, 2011 12,232 12,232
Common stock not yet issued ($.001 par, 8,150 shares) 8 8
Additional paid-in capital 1,544,268 1,544,268
Retained earnings 17,338 (4,343)
Total stockholders' equity 1,573,846 1,552,165
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,867,203 $ 1,828,928