XML 48 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:    
Net income $ 2,479,029 $ 1,745,741
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,093,062 993,951
Gain on the sale of equipment (114,658) (67,946)
Deferred income taxes 119,000 171,000
Changes in operating assets and liabilities:    
Accounts receivable, net (932,838) (179,506)
Inventories, net 55,584 275,668
Other current assets 126,811 (74,595)
Accounts payable (108,686) (59,606)
Accrued wages and salaries 150,419 34,731
Other accrued expenses 149,601 6,651
Unearned revenue and customer deposits 41,161 (66,747)
Net cash provided by operating activities 3,058,485 2,779,342
Cash flows from investing activities:    
Capital expenditures (3,444,876) (1,092,759)
Proceeds from the sale of equipment 165,200 79,400
Proceeds from certificates of deposit 7,088,000 5,160,000
Purchases of certificates of deposit (6,207,348) (6,368,000)
Net cash used in investing activities (2,399,024) (2,221,359)
Cash flows from financing activities:    
Cash dividends paid (608,663) (869,518)
Net cash used in financing activities (608,663) (869,518)
Net increase (decrease) in cash and cash equivalents 50,798 (311,535)
Cash and cash equivalents at beginning of year 392,810 704,345
Cash and cash equivalents at end of year 443,608 392,810
Net cash paid for income taxes 877,494 812,298
Supplemental schedule of non-cash investing activities:    
Capital expenditures in accounts payable $ 29,982 $ 94,987