XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 1,678,184 $ 1,911,950
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 932,500 801,689
Gain on disposal of equipment (17,613) (116,721)
Deferred income taxes (94,000) 40,000
Changes in operating assets and liabilities:    
Accounts receivable, net (450,535) (1,670,471)
Inventories, net (401,963) 41,851
Other current assets (139,946) 72,085
Accounts payable 350,207 413,512
Accrued wages and salaries 462,838 555,361
Other accrued expenses (56,565) 237,527
Unearned revenue and customer deposits (35,098) 125,868
Net cash provided by operating activities 2,228,009 2,412,651
Cash flows from investing activities:    
Capital expenditures (1,329,170) (2,751,108)
Proceeds from the sale of equipment 18,700 165,200
Proceeds from certificates of deposit 2,639,348 5,363,000
Purchases of certificates of deposit (2,241,000) (4,233,348)
Net cash used in investing activities (912,122) (1,456,256)
Cash flows from financing activities:    
Cash dividends paid (908,164) (434,760)
Net cash used in financing activities (908,164) (434,760)
Net increase in cash and cash equivalents 407,723 521,635
Cash and cash equivalents at beginning of period 443,608 392,810
Cash and cash equivalents at end of period 851,331 914,445
Supplemental schedule of non-cash investing activities:    
Capital expenditures in accounts payable $ 19,966 $ 9,212