XML 42 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 132,331 $ 633,795
Adjustments to reconcile net income to net cash (used in ) provided by operating activities:    
Depreciation and amortization 156,300 123,452
Provision for bad debt expense (6,817) 155
Provision for inventory loss 15,231 43,189
Stock based compensation expense 134,160 45,358
Changes in operating assets and liabilities:    
Trade receivables (343,547) (303,472)
Inventories (644,856) 444,896
Prepaid expenses (118,482) 2,683
Income tax deposit (96,458) 0
Income tax payable 79,615 74,692
Accounts payable 412,066 75,339
Accrued compensation expenses 260,511 277,703
Other current liabilities (2,906) (20,040)
Net cash (used in) provided by operating activities (22,852) 1,397,750
Cash flows from investing activities:    
Purchase of property and equipment (82,698) (193,837)
Purchase of other assets (38,423) (112,540)
Net cash used in investing activities (121,121) (306,377)
Cash flows from financing activities:    
Dividend payout (202,186) (202,086)
Proceeds from exercise of stock options 11,000 63,000
Net cash used in financing activities (191,186) (139,086)
Net (decrease) increase in cash (335,159) 952,287
Cash at beginning of period 3,421,679 2,306,258
Cash at end of period 3,086,520 3,258,545
Supplemental cash flow information    
Cash paid for income taxes $ 105,059 $ 345,262