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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 2,814,218 $ 791,756
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 556,593 370,830
Depreciation and amortization 636,236 590,385
Deferred tax expense/(benefit) (331,750) 189,873
Provision for doubtful accounts 32,063 (84,182)
Changes in operating assets and liabilities:    
Accounts receivable 1,376,880 (1,666,998)
Costs and estimated earnings in excess of billings on contracts in progress (13,308) (1,006,869)
Inventories, net 1,195,169 $ (716,201)
Income taxes - current $ 511,158
Deposits $ 3,167
Other current assets $ 90,355 36,067
Accounts payable and accrued expenses 741,707 $ 1,663,191
Current maturities of long-term debt (35,000)
Billings in excess of costs and estimated earnings on contracts in progress (575,482) $ 291,634
Accrued litigation settlement (4,925,000)
Deferred revenue (254,058) $ 119,827
Net cash provided by operating activities 1,819,781 582,480
Cash flows from investing activities:    
Release of restricted cash 200,000 400,000
Capital expenditures (212,594) (396,055)
Net cash (used in)/provided by investing activities $ (12,594) 3,945
Cash flows from financing activities:    
Net proceeds from stock options exercised 102,200
Payments of long-term debt $ (505,000) (540,000)
Net cash used in financing activities (505,000) (437,800)
Net increase in cash and cash equivalents 1,302,187 148,625
Cash and cash equivalents at beginning of period 11,966,863 11,247,560
Cash and cash equivalents at end of period 13,269,050 $ 11,396,185
Supplemental disclosure of cash flow information:    
Income taxes paid 427,078
Interest paid $ 70,907 $ 83,904