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Radtek, Inc. - Statement of Cash Flows - For the Years Ended December 31, 2013 and 2012 (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities    
Net income $ 523,371 $ (322,704)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 11,372 10,289
Severance benefits 24,252 0
Loss on investment valuation 22,580 0
Change in assets and liabilities, net of the effect of acquisitions:    
Accounts receivable 10,258 (36,721)
Inventory 11,551 58,871
Prepaid expenses and other assets (494,947) (2,631)
Accounts payable (74,050) 137,783
Advance payments on contracts (146,507) 387,535
Accrued liabilities and other liabilities 81,689 175
Net cash provided by (used in) operating activities (30,431) 232,597
Cash flows from investing activities    
Acquisition on available-for-sale-security (28,428) 0
Acquisition on investment (15,763) (352,000)
Cash acquired from acquisition 100 0
Net cash provided by investing activities (44,091) (352,000)
Cash flows from financing activities    
Common stock issuance 282,646 0
Proceeds from short-term borrowings 0 44,139
Borrowing from related parties (33,915) 28,127
Repayment of short-term borrowing (39,359) 0
Net cash provided by financing activities 209,372 72,266
Net decrease in cash and cash equivalent 134,850 (47,137)
Effect of exchange rate changes (36,281) 13,059
Cash and cash equivalent at beginning of year 8,339 42,417
Cash and cash equivalent at end of year 106,908 8,339
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 6,564 7,605
Cash paid for taxes 0 0
Significant non-cash investing and financing activities:    
Prepaid expenses increased due to acquisition 632 0
Accounts payable increased due to acquisition 1,366 0
Treasury stock increased due to acquisition $ 375,053 $ 0