XML 30 R7.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 1,798,073 $ 1,974,713
Adjustments to reconcile net income to net cash provided by operating activities    
Stock compensation expense 497,055 202,325
Provision for doubtful accounts and sales returns 9,976 12,498
Depreciation and amortization 990,743 767,686
Deferred income taxes (500,704) (56,400)
Net increase (decrease) in billings in excess of costs 135,157 (60,448)
(Increase) decrease in:    
Accounts receivable 537,891 (649,343)
Inventories 22,459 188,149
Prepaid income taxes 48,076 0
Prepaid expenses and other current assets (115,414) (164,573)
Increase (decrease) in:    
Accounts payable and accrued expenses 151,238 776,576
Income taxes payable (354,521) (161,294)
Net cash provided by operating activities 3,220,029 2,829,889
Cash flows from investing activities:    
Purchases of property, plant and equipment (1,294,343) (241,468)
Acquisition of Biomedical technologies (300,000) 0
Decrease in other assets 0 (71)
Net cash used in investing activities (1,594,343) (241,539)
Cash flows from financing activities    
Issuance of common stock 123,489 264,509
Repayment of long term debt (1,395,105) (1,602,988)
Preferred stock dividends paid (79,770) (352,283)
Net cash used in financing activities (1,351,386) (1,690,762)
Effect of exchange rates on cash and cash equivalents 258,131 0
Net increase in cash and cash equivalents 532,431 897,588
Cash and cash equivalents, beginning 4,111,966 3,104,778
Cash and cash equivalents, ending $ 4,644,397 $ 4,002,366