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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
9 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Cash flows from operating activities    
Net income $ 5,669,432 $ 4,984,627
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,498,255 1,433,018
Stock-based compensation 747,347 539,478
Deferred income taxes (191,247) (4,646)
Loss/(gain) on sale of property and equipment, net 1,080 (26,003)
Allowance for doubtful accounts (258,714) 53,654
Changes in operating assets and liabilities:    
Accounts receivable (3,272,233) (839,188)
Inventories (1,063,228) (2,138,267)
Prepaid expenses, deposits and other assets (459,659) (246,406)
Accounts payable and accrued expenses 2,395,460 2,028,062
Customers' advances (2,045,097) 2,451,901
Accrued pension retirement benefits (1,310,290) (2,747,053)
Other non-current liabilities 1,647 1,647
Net cash provided by operating activities 1,712,753 5,490,824
Cash flows from investing activities    
Proceeds from sale of property and equipment 0 33,848
Acquisitions of property and equipment (1,016,028) (1,636,866)
Purchases of investments (1,022,266) (1,010,534)
Proceeds from maturities of investments 1,258,598 497,155
Net cash used in investing activities (779,696) (2,116,397)
Cash flows from financing activities    
Proceeds from new borrowings 222,778 426,802
Reduction of debt (766,686) (625,413)
Exercise of stock options 0 42,800
Payment of dividends (3,128,334) (2,902,505)
Purchase of treasury shares 0 (42,800)
Net cash used in financing activities (3,672,242) (3,101,116)
Effect of exchange rate changes on cash 35 34
Net (decrease) increase in cash and cash equivalents (2,739,150) 273,345
Cash and cash equivalents at February 1 34,581,394 32,400,814
Cash and cash equivalents at October 31 31,842,244 32,674,159
Supplemental disclosure of cash flow information:    
Cash paid for interest 127,046 146,586
Cash paid for income taxes $ 1,831,206 $ 1,822,681