XML 36 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (228,947)us-gaap_NetIncomeLoss $ 204,915us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 160,843us-gaap_Depreciation 158,576us-gaap_Depreciation
Amortization 6,443us-gaap_AmortizationOfIntangibleAssets 6,443us-gaap_AmortizationOfIntangibleAssets
Stock based compensation 4,778us-gaap_ShareBasedCompensation 2,553us-gaap_ShareBasedCompensation
Changes in operating assets and liabilities:    
Trade receivables 345,897us-gaap_IncreaseDecreaseInAccountsReceivable (162,220)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (112,712)us-gaap_IncreaseDecreaseInInventories (333,655)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (179,665)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (58,704)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Income taxes receivable (250,925)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 16,400us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Accounts payable 486,526us-gaap_IncreaseDecreaseInAccountsPayableTrade 346,398us-gaap_IncreaseDecreaseInAccountsPayableTrade
Accrued liabilities 258,891us-gaap_IncreaseDecreaseInAccruedLiabilities 87,351us-gaap_IncreaseDecreaseInAccruedLiabilities
Income taxes payable   85,940us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash provided by operating activities 491,129us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 353,997us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (376,067)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (123,852)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of equipment and vehicles   7,591us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Purchases of intangibles (17,996)us-gaap_PaymentsToAcquireIntangibleAssets (16,648)us-gaap_PaymentsToAcquireIntangibleAssets
Purchases of short-term investments (650,000)us-gaap_PaymentsToAcquireShortTermInvestments (350,000)us-gaap_PaymentsToAcquireShortTermInvestments
Proceeds from maturity of short-term investments 555,000us-gaap_ProceedsFromSaleOfShortTermInvestments 554,807us-gaap_ProceedsFromSaleOfShortTermInvestments
Net cash (used in) provided by investing activities (489,063)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 71,898us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options   13,050us-gaap_ProceedsFromStockOptionsExercised
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,066us-gaap_NetCashProvidedByUsedInContinuingOperations 438,945us-gaap_NetCashProvidedByUsedInContinuingOperations
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,936,214us-gaap_CashAndCashEquivalentsAtCarryingValue 1,704,300us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,938,280us-gaap_CashAndCashEquivalentsAtCarryingValue 2,143,245us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes $ 10,802us-gaap_IncomeTaxesPaidNet $ 9,876us-gaap_IncomeTaxesPaidNet