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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 5,125,214 $ 1,779,545
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt expense 15,728 37,368
Provision for excess and obsolete inventory 103,471 36,709
Depreciation and amortization 163,709 99,638
Stock-based compensation 913,234 503,881
Impairment of intangible assets 55,433  
Changes in operating assets and liabilities:    
Accounts receivable (1,483,730) 770,612
Inventory (236,923) (336,355)
Prepaid expenses and other current assets (80,182) (126,434)
Other assets (22,589) (17,498)
Deferred income taxes (93,858) (189,235)
Accounts payable 287,715 212,761
Accrued payroll and benefits (109,934) 263,682
Other accrued taxes (42,495) (40,403)
Warranty reserve 35,155 3,669
Deferred revenue 347,442 238,367
Accrued income taxes, net of prepaid income taxes 105,220 249,343
Other   1,461
Net cash provided by operating activities 5,082,610 3,487,111
Investing activities:    
Purchases of investments   (3,011)
Proceeds from sale of investments   255,109
Purchases of property and equipment (193,368) (504,502)
Capitalized intangible assets (13,110) (21,726)
Net cash used in investing activities (206,478) (274,130)
Financing activities:    
Proceeds from stock option exercises 320,807  
Income tax benefits credited to equity 878,146  
Proceeds from the issuance of common stock pursuant to initial public offering   14,490,000
Payment of initial public offering costs   (2,044,348)
Repayment of officer note payable   (6,333)
Net cash provided by financing activities 1,198,953 12,439,319
Net increase in cash and cash equivalents 6,075,085 15,652,300
Cash and cash equivalents, beginning of period 9,454,150 2,461,559
Cash and cash equivalents, end of period 15,529,235 18,113,859
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 2,402,000 $ 1,004,574