ELECTRONIC SYSTEMS TECHNOLOGY, INC. DBA ESTEEM WIRELESS MODEMS STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011 (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 24,122	$ (129,990)
Noncash expenses included in income (loss):
Depreciation	15,484	21,956
Allowance for doubtful accounts	(787)	(46,877)
Deferred income taxes	26,400	(9,800)
Share-based compensation	2,255	3,420
Decrease (increase) in current assets:
Accounts receivable, net	(90,529)	67,715
Inventory	(30,642)	(50,047)
Prepaids	(11,028)	(914)
Accrued interest receivable	(119)
Federal income tax refund receivable	47,663	(47,663)
Increase (decrease) in current liabilities:
Accounts payable	(8,587)	5,157
Accrued wages and related taxes	1,247
Refundable deposits	(47,074)
Federal income taxes payable		(77,171)
Net Cash From Operating Activities	(71,595)	(264,214)
CASH FLOWS FROM INVESTING ACTIVITIES:
Deposits and long term prepaids		2,629
Purchase of certificates of deposit	(2,107,000)	(1,802,000)
Proceeds from maturities of certificates of deposit	1,773,000	2,241,000
Additions to property and equipment	(3,398)	(32,059)
Net Cash From Investing Activities	(337,398)	409,570
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividend		(51,586)
Net Cash From Financing Activities		(51,586)
NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS	(408,993)	93,770
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	1,227,490	1,133,720
CASH AND CASH EQUIVALENTS AT END OF YEAR	818,497	1,227,490
Cash paid during the year for:
Income taxes		(77,171)
Cash and cash equivalents:
Cash	117,429	38,168
Money market investments	701,068	1,189,322
Total cash and cash equivalents	$ 818,497	$ 1,227,490