XML 14 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income (loss) $ 358,878 $ (1,088,502)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 97,990 144,380
Stock based compensation 33,798 76,204
Provision for ( recovery of) accounts receivable allowances (185) (2,599)
Provision for inventory reserves 0 (3,306)
Changes in operating assets and liabilities:    
Accounts receivable (606,421) 395,355
Inventories (177,628) 249,544
Prepaid expenses and other assets (487,067) 463,285
Accounts payable and accrued expenses 920,752 (510,857)
Net cash provided by (used in) operating activities 140,117 (276,496)
Investing activities:    
Cost of other assets (40,000) (88,320)
Purchases of plant and equipment (18,905) (192)
Net cash provided by (used in) investing activities' (58,905) (88,512)
Financing activities:    
Net funds received from (to) bank credit lines (39,707) 238,985
Proceeds from stock option exercises 152,463 45,025
Net cash provided by (used in) financing activities 112,756 284,010
Net change in cash 193,968 (80,998)
Cash and cash equivalents at beginning of period 229,218 179,846
Cash and cash equivalents at end of period 423,186 98,848
Supplemental disclosures of cash flow information:    
Cash paid during the period for: Interest 6,168 25,797
Cash paid during the period for: Income taxes $ 3,598 $ 0