XML 48 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:    
Net (loss)/income $ (560,323) $ 435,586
Stock-based compensation 461,195 234,858
(Gain)/loss on sale of buildings (887,477) 693,818
(Gain)/loss on sale of other fixed assets 16,575 (3,288)
Depreciation and amortization 646,422 [1] 515,215 [1]
Deferred income tax expense (1,396,407) (178,307)
Provision for doubtful accounts 75,071 6,537
Accounts receivable 1,556,610 (858,082)
Cost in excess of billings on uncompleted contracts 1,152,135 680,720
Inventories, net (1,754,444) 464,168
Other current assets (53,801) (41,635)
Billings in excess of costs and estimated earnings on uncompleted contracts (223,015) (1,211,305)
Accounts payable (419,986) 106,004
Accrued expenses 450,982 (271,888)
Deferred revenue (130,877) (754,562)
Total adjustments (507,017) (617,747)
Net cash used in operating activities (1,067,340) (182,161)
Cash flows from investing activities:    
Restricted cash   200,000
Capital expenditures (2,071,557) (11,796,740)
Deposits 6,833 322,281
Net cash provided by/(used in) investing activities 1,555,175 (9,670,636)
Cash flows from financing activities    
Net proceeds from stock options exercised 75,735 286,547
Proceeds from long-term debt   6,000,000
Payments of long-term debt (3,037,334) (848,953)
Net cash (used in)/provided by financing activities (2,961,599) 5,437,594
Net decrease in cash and cash equivalents (2,473,764) (4,415,203)
Cash and cash equivalents at beginning of year 13,721,324 18,136,527
Cash and cash equivalents at end of year 11,247,560 13,721,324
Income taxes paid 25 451,525
Interest paid 163,738 204,874
Building [Member]
   
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 3,619,899 1,582,323
Other Fixed Assets [Member]
   
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment   $ 21,500
[1] Includes amortization expense of $20,434 and $14,096 for the years ending December 31, 2013 and 2012, respectively. Such amortization expense relates toother capitalized and intangible assets.