XML 63 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Operating Activities:    
Net income $ 4,789,005us-gaap_NetIncomeLoss $ 4,002,905us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,183,871us-gaap_Depreciation 934,238us-gaap_Depreciation
Amortization 516,187us-gaap_AdjustmentForAmortization 270,644us-gaap_AdjustmentForAmortization
Stock compensation expense 561,856us-gaap_ShareBasedCompensation 490,060us-gaap_ShareBasedCompensation
Deferred income taxes 207,024us-gaap_DeferredIncomeTaxesAndTaxCredits 94,010us-gaap_DeferredIncomeTaxesAndTaxCredits
Gain on disposal of property, plant and equipment (200,000)us-gaap_GainLossOnDispositionOfAssets1  
Changes in operating assets and liabilities    
Accounts receivable (1,729,980)us-gaap_IncreaseDecreaseInReceivables 785,952us-gaap_IncreaseDecreaseInReceivables
Inventories (4,391,815)us-gaap_IncreaseDecreaseInInventories 2,056,469us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (268,052)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 333,099us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 1,879,889us-gaap_IncreaseDecreaseInAccountsPayable (1,751,664)us-gaap_IncreaseDecreaseInAccountsPayable
Other accrued liabilities 2,101,035us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (740,246)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Total adjustments (139,985)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 2,472,561us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Net cash provided by operating activities 4,649,020us-gaap_NetCashProvidedByUsedInOperatingActivities 6,475,466us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities:    
Purchase of plant, property and equipment (2,042,173)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (4,591,929)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of patents and trademarks (118,470)us-gaap_PaymentsToAcquireIntangibleAssets (102,140)us-gaap_PaymentsToAcquireIntangibleAssets
Proceeds from the sales of plant, property and equipment 773,104us-gaap_ProceedsFromSaleOfBuildings  
Payment received on mortgage receivable   1,726,888us-gaap_ProceedsFromCollectionOfLoansReceivable
Acquisition of First Aid Only, Inc. (13,805,884)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates  
Net cash used by investing activities (15,193,423)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,967,181)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities:    
Net borrowings (repayment) of long-term debt 1,235,012us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities (1,408,000)us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
Distributions to shareholders (1,064,050)us-gaap_PaymentsOfDividends (728,392)us-gaap_PaymentsOfDividends
Issuance of common stock 1,138,711us-gaap_ProceedsFromIssuanceOfCommonStock 529,179us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided (used) by financing activities 1,309,673us-gaap_NetCashProvidedByUsedInFinancingActivities (1,607,214)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes (123,375)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (7,172)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net (decrease) increase in cash and cash equivalents (9,358,104)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,893,900us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 11,643,764us-gaap_CashAndCashEquivalentsAtCarryingValue 9,749,864us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 2,285,660us-gaap_CashAndCashEquivalentsAtCarryingValue 11,643,764us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flow information    
Cash paid for income taxes 1,421,677us-gaap_IncomeTaxesPaidNet 1,820,671us-gaap_IncomeTaxesPaidNet
Cash paid for interest expense $ 489,351us-gaap_InterestPaid $ 505,225us-gaap_InterestPaid