XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Operating activities:    
Net income (loss) $ (732,342) $ (870,054)
Stock based compensation 39,210 113,710
Depreciation and amortization 14,082 23,546
(Reversal of) provision for accounts receivable allowances 187,416 59,760
(Reversal of) provision for inventory reserves (155,223) 13,767
Changes in operating assets and liabilities:    
Accounts receivable (748,762) (386,096)
Inventories 247,621 (22,993)
Prepaid expenses and other assets (73,771) (13,690)
Accounts payable and accrued expenses (117,458) 172,950
Net cash provided by (used in) operating activities (1,339,227) (909,100)
Investing activities:    
Proceeds from sale of Unity investment 0 166,144
Additions to property, plant and equipment (19,959) (648)
Net cash provided by (used in) investing activities (19,959) 165,496
Financing activities:    
Proceeds from stock rights offering (net of issuance costs) 0 377,561
Net funds from bank credit lines 910,807 0
Net cash provided by (used in) financing activities 910,807 377,561
Effect of exchange rate changes on cash (282) 412
Net change in cash (448,661) (365,631)
Cash and cash equivalents at beginning of year 644,365 1,009,996
Cash and cash equivalents at end of year 195,704 644,365
Supplemental disclosures of cash flow information:    
Cash paid during the period for: Interest 49,358 0
Cash paid during the period for: Income taxes $ 3,392 $ 2,070