XML 82 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Operating activities    
Net income $ 403,345us-gaap_NetIncomeLoss $ 1,821,634us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash:    
Stock based compensation 91,168us-gaap_ShareBasedCompensation 129,155us-gaap_ShareBasedCompensation
Write down of inventory    81,174us-gaap_InventoryWriteDown
Depreciation 789,733us-gaap_Depreciation 1,298,616us-gaap_Depreciation
Deferred tax (recovery) (164,611)us-gaap_DeferredIncomeTaxExpenseBenefit (2,408,395)us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in non-cash working capital items:    
(Increase) Decrease in accounts receivable (341,439)us-gaap_IncreaseDecreaseInAccountsReceivable 91,567us-gaap_IncreaseDecreaseInAccountsReceivable
(Increase) Decrease in inventories (441,490)us-gaap_IncreaseDecreaseInInventories 187,448us-gaap_IncreaseDecreaseInInventories
(Increase) Decrease in prepaid expenses (1,441)us-gaap_IncreaseDecreaseInPrepaidExpense (4,223)us-gaap_IncreaseDecreaseInPrepaidExpense
Increase (Decrease) in accounts payable 271,103us-gaap_IncreaseDecreaseInAccountsPayable (91,512)us-gaap_IncreaseDecreaseInAccountsPayable
Increase (Decrease) in taxes payable 422,044us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (327,200)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Increase (Decrease) deferred revenue 33,786us-gaap_IncreaseDecreaseInDeferredRevenue (298,305)us-gaap_IncreaseDecreaseInDeferredRevenue
Cash provided by (used in) operating activities 1,602,198us-gaap_NetCashProvidedByUsedInOperatingActivities 479,959us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities    
Proceeds from disposal of long term deposits    2,721FSI_ProceedsFromDisposalOfLongTermDeposits
Acquisition of equipment (24,535)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (235,565)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Cash provided by (used in) investing activities (24,535)us-gaap_NetCashProvidedByUsedInInvestingActivities (232,844)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities    
Proceeds (repayment of) short term line of credit (650,000)us-gaap_ProceedsFromLinesOfCredit 195,000us-gaap_ProceedsFromLinesOfCredit
Loan repayment (1,135,043)us-gaap_RepaymentsOfLongTermDebt (327,145)us-gaap_RepaymentsOfLongTermDebt
Proceeds received from loan 1,005,967FSI_ProceedsReceivedFromLoan  
Cash provided by (used in) financing activities (779,076)us-gaap_NetCashProvidedByUsedInFinancingActivities (132,145)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (79,157)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 91,250us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Inflow (outflow) of cash 179,430us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 206,220us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning 568,087us-gaap_Cash 361,867us-gaap_Cash
Cash and cash equivalents, ending 747,517us-gaap_Cash 568,087us-gaap_Cash
Supplemental disclosure of cash flow information:    
Income taxes paid    204,480us-gaap_IncomeTaxesPaid
Interest paid $ 96,220us-gaap_InterestPaid $ 110,194us-gaap_InterestPaid