XML 27 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net (loss) income$ (230,047)$ 1,146,652
Adjustments to reconcile net (loss) income to net cash provided by operating activities:  
Depreciation and amortization201,34099,130
Amortization of bond premium3,33510,390
Stock-based compensation686,945273,357
Provision for uncollectible accounts300,985410,000
Provision for sales returns(45,000)(88,000)
Provision for inventory reserves(138,000)(694,000)
Benefit for deferred income taxes0(102,443)
Loss on disposal of assets94,4080
Loss on call of long-term investments2,9130
Changes in assets and liabilities:  
Accounts receivable(38,359)(2,501,285)
Interest receivable(11,146)(37,756)
Income tax receivable113,030(113,030)
Note receivable054,627
Inventory932,8132,152,504
Prepaid expenses and other assets, net72,718(98,243)
Accounts payable168,90630,427
Accrued cooperative advertising34,000373,000
Accrued income taxes(208,273)(115,008)
Other accrued liabilities(102,101)51,120
Net cash provided by operating activities1,838,467851,442
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchases of property and equipment(865,942)(92,643)
Purchases of long-term investments(6,245,625)(5,056,990)
Proceeds from call of long-term investments2,250,000750,000
Patent and license rights costs(34,952)(33,638)
Net cash used in investing activities(4,896,519)(4,433,271)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Stock option exercises46,872178,135
Share repurchases(335,197)0
Net cash (used in) provided by financing activities(288,325)178,135
NET DECREASE IN CASH AND CASH EQUIVALENTS(3,346,377)(3,403,694)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD7,736,0447,405,685
CASH AND CASH EQUIVALENTS, END OF PERIOD4,389,6674,001,991
Supplemental disclosure of cash flow information:  
Cash paid during the year for interest$ 718$ 2,645