XML 15 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income (loss) $ (980,387) $ (1,943,628)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 391,181 389,487
Stock based compensation 170,074 164,795
Provision for accounts receivable allowances 540 8,988
Provision for inventory reserves 186,440 10,450
Changes in operating assets and liabilities:    
Accounts receivable 393,164 (1,801,446)
Inventories (566,490) (1,454,910)
Prepaid expenses and other assets (327,462) (193,245)
Accounts payable and accrued expenses 1,421,963 1,084,228
Net cash provided by (used in) operating activities 689,023 (3,735,281)
Investing activities:    
Cost of other assets (75,000) (295,000)
Additions to plant and equipment (93,849) (32,303)
Net cash provided by (used in) investing activities' (168,849) (327,303)
Financing activities:    
Net funds received from (to) bank credit lines (711,842) 2,141,799
Proceeds from stock option exercises 102,675 249,389
Net cash provided by (used in) financing activities (609,167) 2,391,188
Net change in cash (88,993) (1,671,396)
Cash and cash equivalents at beginning of period 179,846 1,846,704
Cash and cash equivalents at end of period 90,853 175,308
Supplemental disclosures of cash flow information:    
Cash paid during the period for: Interest 87,178 32,115
Cash paid during the period for: Income taxes $ 14,123 $ 3,312