XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities:    
Net income $ 2,306,000 $ 5,069,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,176,000 1,235,000
Amortization of other intangible assets 192,000 298,000
Amortization of other assets 75,000 214,000
Provision for losses on accounts receivable 46,000 12,000
Stock-based compensation 245,000 139,000
Restricted stock-based compensation 30,000 0
Loss on sale of fixed assets 0 2,000
Deferred income taxes-net 1,098,000 (2,358,000)
Changes in operating assets and liabilities:    
Accounts receivable (5,426,000) (4,724,000)
Inventories 927,000 (164,000)
Prepaid expenses and other current assets (313,000) (180,000)
Other assets 44,000 (60,000)
Accounts payable 91,000 1,398,000
Accrued liabilities 515,000 987,000
Other liabilities (12,000) (10,000)
Total adjustments (1,312,000) (3,211,000)
Net cash provided by operating activities 994,000 1,858,000
Cash Flows from Investing Activities:    
Capital expenditures (428,000) (1,736,000)
Purchase of product license 0 (200,000)
Proceeds from disposal of assets 0 8,000
Net cash used in investing activities (428,000) (1,928,000)
Cash Flows from Financing Activities:    
Proceeds from exercise of stock options 62,000 304,000
Proceeds from short-term borrowings 49,408,000 40,043,000
Repayments of short-term borrowings (49,911,000) (40,088,000)
Repayment of notes payable 0 (250,000)
Proceeds from term loan 0 900,000
Repayments of term loan (345,000) (970,000)
Net cash used in financing activities (786,000) (61,000)
Net decrease in cash (220,000) (131,000)
Cash at beginning of period 695,000 443,000
Cash at end of period 475,000 312,000
Supplemental disclosures of cash flow information:    
Interest 329,000 414,000
Income taxes $ 46,000 $ 161,000