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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income (loss) $ (1,721,089) $ 5,239,459
Adjustments to reconcile net income (loss) to net cash used by operating activities:    
Provision for doubtful accounts 92,000 141,000
Share based compensation 84,651  
Depreciation and amortization 672,000 645,038
(Increase) decrease in assets:    
Inventories (908,099) (1,447,486)
Accounts receivable (352,444) 474,048
Other current assets 1,338,622 419,238
Other assets (750)  
Increase (decrease) in liabilities:    
Accounts payable (988,248) (36,989)
Litigation proceeds subject to stipulation   (7,724,826)
Other accrued liabilities 139,817 321,124
Income taxes payable 2,717 (2,885)
Net cash used by operating activities (1,640,823) (1,972,279)
Cash flows from investing activities    
Purchase of property, plant, and equipment (1,671,649) (1,263,296)
Change in restricted cash   600,897
Net cash used by investing activities (1,671,649) (662,399)
Cash flows from financing activities    
Repayments of long-term debt and notes payable (187,418) (123,602)
Proceeds from the exercise of stock options 839,200 283,933
Proceeds from long-term debt   276,495
Payment of Preferred Stock dividends (165,640) (227,180)
Net cash provided by financing activities 486,142 209,646
Net decrease in cash and cash equivalents (2,826,330) (2,425,032)
Cash and cash equivalents at:    
Beginning of period 18,045,044 22,128,977
End of period 15,218,714 19,703,945
Supplemental schedule of cash flow information:    
Interest paid 158,325 165,269
Income taxes paid 2,025 9,017
Supplemental schedule of noncash investing and financing activities:    
Preferred dividends declared, not paid $ 55,113 $ 56,363