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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net cash provided by (used in) operating activities $ (2,126,048) $ 3,182,944
Cash flows from investing activities    
Purchase of certificate of deposit (1,000,000) 0
Additions to property, plant and equipment and construction in progress (661,662) (1,129,191)
Distribution of earnings from OC-BVI 727,200 757,500
Collections on loans receivable 467,816 452,122
Net cash provided by (used in) investing activities (466,646) 80,431
Cash flows from financing activities    
Dividends paid (1,103,587) (1,096,025)
Issuance (repurchase) of redeemable preferred stock, net 0 (4,159)
Proceeds received from exercise of stock options 0 232,734
Principal repayments of long term debt (5,301,327) (421,508)
Net cash used in financing activities (6,404,914) (1,288,958)
Effect of exchange rate changes on cash 64,103 (5,173)
Net increase (decrease) in cash and cash equivalents (8,933,505) 1,969,244
Cash and cash equivalents at beginning of period 33,626,516 33,892,655
Cash and cash equivalents at end of period 24,693,011 35,861,899
Interest paid in cash 110,330 104,503
Non-cash investing and financing activities    
Issuance of 12,302 and 11,131, respectively, shares of common stock for services rendered 173,458 82,369
Dividends declared but not paid 1,105,193 1,099,752
Transfers from inventory to property, plant and equipment and construction in progress $ 57,543 $ 181,875