XML 32 R7.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
6 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Cash flows from operating activities    
Net income $ 2,902,741 $ 2,963,808
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 955,777 882,993
Deferred income taxes (1,212) (1,203)
(Gain)/Loss on sales of property and equipment, net (27,496) 668
Stock-based compensation 359,652 322,944
Allowance for doubtful accounts 57,456 (29,709)
Change in operating assets and liabilities:    
Accounts receivable (1,357,446) (875,673)
Inventories (1,379,911) 1,151,115
Prepaid expenses, deposits and other assets (162,928) 282,742
Accounts payable and accrued expenses 1,650,817 1,063,414
Customers' advances 372,567 (237,335)
Accrued pension retirement benefits (2,751,787) (166,385)
Other non-current liabilities 1,098 (165,287)
Net cash provided by operating activities 619,328 5,192,092
Cash flows from investing activities    
Proceeds from sales of property and equipment 33,990 0
Acquisitions of property and equipment (918,049) (527,064)
Purchase of investments (1,010,534) (497,155)
Proceeds from maturities of investments 497,155 240,893
Net cash used in investing activities (1,397,438) (783,326)
Cash flows from financing activities    
Proceeds from new borrowing 407,759 189,074
Reduction of debt (385,819) (263,430)
Exercise of stock options 42,800 252,924
Payment of dividends (1,934,975) (1,754,220)
Purchase of treasury shares (42,800) (266,847)
Net cash used in financing activities (1,913,035) (1,842,499)
Effect of exchange rate changes on cash 11,572 14,506
Net (decrease) increase in cash and cash equivalents (2,679,573) 2,580,773
Cash and cash equivalents at February 1 32,400,814 30,662,104
Cash and cash equivalents at July 31 $ 29,721,241 $ 33,242,877