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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 250,916$ 1,413,022
Adjustment to reconcile net income to cash (used in) provided by operating activities:  
Depreciation and amortization1,383,4591,561,263
Amortization of debt discount5,04282,909
Change in value of swap agreement158,0900
Stock based compensation105,009116,142
Provision for losses on accounts receivable9,00114,354
Provision for losses on inventories61,46511,083
Deferred income taxes(100,865)178,262
Change in assets and liabilities:  
Accounts receivable1,044,070(137,177)
Inventories(2,533,593)(790,620)
Prepaid expenses and other assets(539,135)(79,153)
Trade payables368,200255,532
Accrued liabilities(455,233)298,232
Net cash (used in) provided by operating activities(243,574)2,923,849
Cash used in investing activities - purchases of property, plant and equipment(796,222)(848,143)
Net cash used in investing activities(796,222)(848,143)
Cash flows from financing activities:  
Change in checks written in excess of bank balance523,414(445,792)
Net change in revolving line of credit99,055(55,935)
Proceeds from issuance of long-term debt730,6150
Repayment of long-term debt (related parties $268,000and $413,000)(481,233)(1,491,607)
Proceeds from exercise of stock options and warrants5,55079,647
Cash received from investment in subsidiary042,300
Dividends paid(158,381)(156,135)
Cash paid for deferred financing fees(7,510)(244,726)
Net cash provided by (used in) financing activities711,510(2,272,248)
Effect of exchange rate changes on cash4,0498,289
Net decrease in cash and cash equivalents(324,237)(188,253)
Cash and cash equivalents at beginning of period761,874870,446
Cash and cash equivalents at end of period437,637682,193
Supplemental disclosure of cash flow information:  
Cash payments for interest397,218605,785
Cash payments for taxes42,25030,000
Supplemental Disclosure of non-cash investing and financing activity  
Exercise of Warrants by Payment of Subordinated Debt01,027,000
Exercise of Options and Warrants by Surrender of Shares0227,736
Property, Plant & Equipment acquisitions funded by liabilities43,52443,296
Reclassification of line of credit to long-term debt$ 700,000$ 0