XML 29 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Reconciliation of net income to cash provided (absorbed) by operating activities    
Net income (loss) $ 296,162 $ 442,436
Adjustments to reconcile net income to net cash provided (absorbed) by operating activities:    
Depreciation and amortization 357,918 357,089
Stock option compensation expense 0 17,043
Gain on disposal of fixed assets (50,971) (20,154)
Deferred taxes (24,000) (48,000)
(Increase) decrease in:    
Accounts receivable - billed 770,527 1,459,176
Accounts receivable - unbilled (390,600) 131,200
Inventories 225,205 (636,686)
Prepaid taxes and other assets 408,343 82,013
Increase (decrease) in:    
Accounts payable - trade 124,544 92,186
Accrued expenses and other (32,791) (940,350)
Customer deposits (777,075) (155,433)
Net cash provided (absorbed) by operating activities 907,262 780,520
Cash flows from investing activities:    
Purchases of property and equipment (8,334) (301,678)
Proceeds from sale of fixed assets 50,993 20,928
Net cash absorbed by investing activities 42,659 (280,750)
Cash flows from financing activities:    
Proceeds from long-term borrowings 0 575,000
Repayments of long-term borrowings and capital leases (220,024) (200,920)
Proceeds from options exercised 0 105,118
Net cash provided (absorbed) by financing activities (220,024) 479,198
Net increase (decrease) in cash and cash equivalents 729,897 978,968
Cash and cash equivalents    
Beginning of period 2,130,686 2,573,168
End of period $ 2,860,583 $ 3,552,136