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Unaudited Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 365,853 $ 443,292
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 421,138 368,358
Amortization 9,552 15,442
Non-cash interest expense 7,011 3,843
Deferred income taxes 179,054 217,825
Stock-based compensation 101,113 28,952
Gain on disposal of fixed assets (3,663)
Provision for uncollectible accounts, net (17,411) 1,550
Changes in:    
Accounts receivable, gross 304,783 (230,740)
Accrued interest income 21,431 (9,260)
Inventory (488,788) (245,671)
Prepaid expenses and other current assets 225,536 (237,135)
Other assets (920)
Accounts payable and accrued expenses 5,633 (190,399)
Deferred revenue (33,856)
Net cash provided by operating activities 1,096,466 166,057
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (8,616,542) (691,278)
Acquisition of certain business assets (368,219)
Maturities of investments 5,212,000 1,984,000
Purchases of investments (249,000) (4,216,000)
Proceeds from sale of fixed assets 45,000
Net cash used for investing activities (3,608,542) (3,291,497)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from public offering, net 5,313,223
Proceeds from debt issuance 840,000
Proceeds from line of credit 500,000
Debt principal repayments (73,572) (66,828)
Debt issuance costs (62,314) (46,734)
Proceeds from exercise of stock options 5,250 3,150
Net cash provided by financing activities 1,209,364 5,202,811
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,302,712) 2,077,371
BEGINNING CASH AND CASH EQUIVALENTS 5,150,344 1,573,328
ENDING CASH AND CASH EQUIVALENTS 3,847,632 3,650,699
CASH PAID FOR:    
Income taxes 4,000 125,125
Interest expense 76,252 77,415
NON-CASH ACTIVITIES:    
Change in capital expenditures included in accounts payable and accrued expenses 1,710,136 328,222
Net change in fair value of interest rate swaps (1,594) 95,290
Fixed asset disposals, gross $ 431,970