XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 1,911,950 $ 1,397,508
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 801,689 743,650
Gain from disposal of equipment (116,721) (57,500)
Deferred income taxes 40,000 (21,000)
Changes in operating assets and liabilities:    
Accounts receivable, net (1,670,471) (1,054,767)
Inventories, net 41,851 (2,721)
Other current assets 72,085 (18,162)
Accounts payable 413,512 261,013
Accrued wages and salaries 555,361 472,762
Other accrued expenses 237,527 40,982
Unearned revenue and customer deposits 125,868 (26,030)
Net cash provided by operating activities 2,412,651 1,735,735
Cash flows from investing activities:    
Capital expenditures (2,751,108) (580,032)
Proceeds from the sale of equipment 165,200 57,500
Proceeds from certificates of deposit 5,363,000 4,200,000
Purchases of certificates of deposit (4,233,348) (4,376,282)
Net cash used in investing activities (1,456,256) (698,814)
Cash flows from financing activities:    
Cash dividends paid (434,760) (434,760)
Net cash used in financing activities (434,760) (434,760)
Net increase in cash and cash equivalents 521,635 602,161
Cash and cash equivalents at beginning of period 392,810 704,345
Cash and cash equivalents at end of period 914,445 1,306,506
Supplemental schedule of non-cash investing activities:    
Capital expenditures in accounts payable $ 9,212