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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income/(loss) $ 3,676,787 $ (918,752)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Stock-based compensation expense 677,552 544,238
Depreciation and amortization 623,656 618,227
Deferred tax expense/(benefit) 559,123 (836,615)
Provision for doubtful accounts 3,724 39,313
Accounts receivable (3,453,556) (4,108,505)
Costs and estimated earnings in excess of billings on contracts in progress (1,861,408) 1,475,190
Inventories 263,531 (64,328)
Other current assets (195,073) (22,669)
Increases/(decreases) in operating liabilities:    
Accounts payable and accrued expenses 665,119 (2,251,405)
Current maturities of long-term debt (280,000)
Billings in excess of costs and estimated earningson contracts in progress (5,046,437) 9,130,870
Deferred revenue 420,965 (158,031)
Total adjustments (7,342,804) 4,086,285
Net cash (used in)/provided by operating activities (3,666,017) 3,167,533
Cash flows from investing activities:    
Release of restricted cash 200,000
Capital expenditures (618,505) (42,670)
Deposits (9,127) 1,550
Net cash (used in)/provided by investing activities (627,632) 158,880
Cash flows from financing activities:    
Net proceeds from stock options exercised 22,120 462,000
Payments of long-term debt (225,000) (225,000)
Net cash (used in)/provided by financing activities (202,880) 237,000
Net (decrease)/increase in cash and cash equivalents (4,496,529) 3,563,413
Cash and cash equivalents at beginning of period 21,677,186 13,073,331
Cash and cash equivalents at end of period 17,180,657 16,636,744
Supplemental disclosure of cash flow information:    
Income taxes paid 701,800 101,352
Interest paid $ 52,433 $ 61,608