XML 29 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Reconciliation of net income (loss) to cash provided (absorbed) by operating activities    
Net income (loss) $ 984,686 $ (27,452)
Adjustments to reconcile net income to net cash provided (absorbed) by operating activities:    
Depreciation and amortization 525,252 537,832
Stock option compensation expense 0 17,043
Gain on disposal of fixed assets (82,065) (22,470)
Deferred taxes (227,000) (35,000)
(Increase) decrease in:    
Accounts receivable - billed 19,630 163,329
Accounts receivable - unbilled (824,538) 383,739
Inventories 199,393 (407,716)
Prepaid taxes and other assets 654,365 (109,763)
Increase (decrease) in:    
Accounts payable - trade 346,624 (411,189)
Accrued expenses and other 303,146 (920,560)
Increase (Decrease) in Income Taxes Payable 106,845 0
Customer deposits (622,892) 382,993
Net cash provided (absorbed) by operating activities 1,383,446 (449,214)
Cash flows from investing activities:    
Purchases of property and equipment (50,940) (339,950)
Proceeds from sale of fixed assets 64,397 21,614
Net cash absorbed by investing activities 13,457 (318,336)
Cash flows from financing activities:    
Proceeds from long-term borrowings 0 575,000
Repayments of long-term borrowings and capital leases (332,325) (310,519)
Proceeds from options exercised 0 105,118
Net cash provided (absorbed) by financing activities (332,325) 369,599
Net increase (decrease) in cash and cash equivalents 1,064,578 (397,951)
Cash and cash equivalents    
Beginning of period 2,130,686 2,573,168
End of period $ 3,195,264 $ 2,175,217