XML 22 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 1,278,000$ 1,057,000
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation629,000577,000
Amortization of deferred financing fees4,0002,000
Deferred:  
Income taxes26,000137,000
Leasing revenues(225,000)(75,000)
Other, principally net changes in prepaids, accounts payable, accrued expenses and current income taxes650,000(253,000)
Net cash provided by operating activities2,362,0001,445,000
Cash used in investing activities, payments for properties and equipment(517,000)(1,146,000)
Cash flows from financing activities:  
Proceeds from note payable 6,000,000
Payments:  
Note payable(1,225,000)(100,000)
Deferred financing fees (55,000)
Dividends on common stock based upon 6,599,912 shares outstanding ($.03 per share for the three months ended September 30, 2011 and 2010; $.09 and $.92 per share for the nine months ended September, 2011 2011 and 2010, respectively(594,000)(6,072,000)
Net cash used in financing activities(1,819,000)(227,000)
Increase in cash26,00072,000
Cash, beginning2,395,0002,315,000
Cash, ending2,421,0002,387,000
Cash paid for:  
Income taxes397,000743,000
Interest248,000125,000
Non-cash investing and financing activities, capital expenditures financed through accounts payable$ 82,000$ 30,000