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CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 741,794 $ 504,265
Stock compensation expense 11,730 17,596
Depreciation and amortization 131,587 156,942
Changes in non-cash working capital items:    
(Increase) in accounts receivable (1,695,504) (807,204)
Decrease (Increase) in inventory 676,187 (8,833)
Decrease in prepaid expenses 107,492 2,510
Increase in accounts payable 103,305 795
Increase in taxes payable 109,872 166,665
Cash provided by operating activities 186,463 31,146
Investing activities    
Long term deposits 350 0
Sale of equipment 0 29,028
Acquisition of property and equipment (90,701) 0
Cash (used in) provided by investing activities (91,051) 29,028
Financing activities    
Short term line of credit 250,000 25,000
Loan repayment (50,298) (50,298)
Repurchase of common stock (1,575,000) 0
Cash (used) by financing activities (1,375,298) (25,298)
Effect of exchange rate changes on cash 29,785 (5,459)
(Outflow) Inflow of cash (1,250,101) 29,417
Cash and cash equivalents, beginning 2,498,738 747,517
Cash and cash equivalents, ending 1,248,637 776,934
Supplemental disclosure of cash flow information:    
Income taxes paid 448,330 410,000
Interest paid $ 10,944 $ 17,346