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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities    
Net income $ 1,793,334 $ 1,504,696
Adjustments to reconcile net income to net cash:    
Stock based compensation 66,318 82,112
Depreciation and amortization 540,079 578,338
Loss on investment 15,086 0
Deferred tax expense (recovery) 303,793 38,157
Changes in non-cash working capital items:    
Decrease (Increase) in accounts receivable (1,199,267) 349,470
Decrease (Increase) in inventories (506,278) 125,047
(Increase) Decrease in prepaid expenses 15,793 (127,946)
Increase (Decrease) in accounts payable 90,111 38,523
Increase (Decrease) in taxes payable 600,629 152,396
(Decrease) Increase deferred revenue 55,628 33,786
Cash provided by operating activities 1,775,226 2,736,651
Investing activities    
Long term deposits (15,925) (4,697)
Investment (87,500) 0
Net purchase of property and equipment (114,270) (59,030)
Cash used in investing activities (217,695) (63,727)
Financing activities    
Draw on (repayment of) short term line of credit 50,000 (550,000)
Loan repayment (201,193) (343,661)
Proceeds received from loan (1,575,000) 0
Proceeds of issuance of common stock 32,600 8,000
Cash used in financing activities (1,693,593) (885,661)
Effect of exchange rate changes on cash 107,390 (36,042)
Inflow of cash (28,672) 1,751,221
Cash and cash equivalents, beginning 2,498,738 747,517
Cash and cash equivalents, ending 2,470,066 2,498,738
Supplemental disclosure of cash flow information:    
Income taxes paid 452,654 785,000
Interest paid $ 41,699 $ 55,770