XML 18 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 139,465 $ (226,147)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 758,834 836,877
Amortization 36,485 38,265
Stock based compensation 13,634 23,561
Net loss (gain) on sale and disposal of plant and equipment 1,230 (28,689)
Deferred income taxes 39,000 (302,000)
Changes in working capital components:    
Trade receivables (24,955) 146,241
Inventories 39,477 (99,893)
Prepaid expenses and other assets (207,120) 193,663
Income tax receivable (652) 64,003
Accounts payable 325,668 (408,526)
Accrued expenses 103,699 (32,666)
Net cash provided by operating activities 1,224,765 204,689
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of plant and equipment (543,145) (230,089)
Proceeds from sales of equipment 32,635
Purchases of intangibles assets (49,970) (38,977)
Purchases of short-term investments (5,615,000) (3,875,000)
Proceeds on sale of short-term investments 5,815,000 4,226,000
Net cash (used in) provided by investing activities (393,115) 114,569
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment on long-term debt (138,213) (139,690)
Repurchase of common stock (300,466)
Proceeds from exercise of stock options 1,885
Net cash used in financing activities (138,213) (438,271)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 693,437 (119,013)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 929,700 1,048,713
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,623,137 929,700
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 78,112 70,990
Cash paid for income taxes, net $ 7,652 $ 60,003