XML 16 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Reconciliation of net income to cash provided by operating activities    
Net income $ 358,065 $ 984,686
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 478,323 525,252
Gain on disposal of fixed assets (29,247) (82,065)
Realized loss on investment securities available-for-sale 68,631 0
Deferred taxes (140,000) (227,000)
(Increase) decrease in:    
Accounts receivable - billed (2,622,161) 19,630
Accounts receivable - unbilled 90,198 (824,538)
Inventories 218,934 199,393
Prepaid expenses and other assets 48,717 654,365
Prepaid income taxes 173,155 0
Increase (decrease) in:    
Accounts payable - trade 90,746 346,624
Accrued expenses and other (31,210) 303,146
Accrued income taxes payable 183,332 106,845
Customer deposits 613,693 (622,892)
Net cash provided (absorbed) by operating activities (498,824) 1,383,446
Cash flows from investing activities:    
Purchases of investment securities available-for-sale (2,009,110) 0
Sale of investment securities available-for-sale 1,000,000 0
Purchases of property and equipment (548,337) (50,940)
Proceeds from sale of fixed assets 29,405 64,397
Net cash provided (absorbed) by investing activities (1,528,042) 13,457
Cash flows from financing activities:    
Proceeds from long-term borrowings 2,139,339 0
Repayments of long-term borrowings (2,292,865) (332,325)
Proceeds from options exercised 16,731 0
Net cash absorbed by financing activities (136,795) (332,325)
Net increase (decrease) in cash and cash equivalents (2,163,661) 1,064,578
Cash and cash equivalents    
Beginning of period 4,367,474 2,130,686
End of period $ 2,203,813 $ 3,195,264