XML 37 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (84,467) $ 542,318
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 490,275 477,287
Amortization 18,831 19,332
Stock based compensation 16,088 14,958
Gain on sale and disposal of property, plant and equipment   (45,659)
Loss on intangible asset abandonment 45,873  
Changes in working capital components:    
Trade receivables (186,283) 1,800
Inventories 352,289 (134,187)
Prepaid expenses and other assets (18,354) (29,867)
Income taxes receivable (9,099) (85,540)
Accounts payable 80,632 264,786
Accrued expenses 91,007 151,803
Net cash provided by operating activities 796,792 1,177,031
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant, equipment and construction in progress (1,195,840) (407,119)
Proceeds from sales of equipment and vehicles   61,763
Purchases of intangibles (41,639) (45,629)
Purchases of short-term investments (650,000) (2,296,000)
Proceeds on sale of short-term investments 2,191,000 1,964,878
Net cash provided by (used in) investing activities 303,521 (722,107)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options   44,730
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,100,313 499,654
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,936,214 1,704,300
CASH AND CASH EQUIVALENTS AT END OF PERIOD 3,036,527 2,203,954
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Construction payables incurred for building expansion and ERP project 569,843  
Cash paid for income taxes $ 10,901 $ 331,648