XML 48 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net income $ 2,030,928us-gaap_ProfitLoss $ 1,435,268us-gaap_ProfitLoss
Adjustment to reconcile net income to net cash provided by operations:    
Depreciation and amortization 843,116us-gaap_DepreciationDepletionAndAmortization 782,962us-gaap_DepreciationDepletionAndAmortization
Deferred income taxes (37,648)us-gaap_DeferredIncomeTaxExpenseBenefit (1,287)us-gaap_DeferredIncomeTaxExpenseBenefit
Stock based compensation 356,085us-gaap_ShareBasedCompensation 318,110us-gaap_ShareBasedCompensation
Other operating noncash items (17,664)us-gaap_OtherNoncashIncomeExpense 61,824us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities:    
Trade accounts receivable (517,352)us-gaap_IncreaseDecreaseInAccountsReceivable (1,502,797)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (716,439)us-gaap_IncreaseDecreaseInInventories 1,858,393us-gaap_IncreaseDecreaseInInventories
Other assets 12,833us-gaap_IncreaseDecreaseInOtherOperatingAssets (106,453)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Prepaid expenses and other current assets (223,676)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (90,802)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Receivables due from affiliated companies (178,632)us-gaap_IncreaseDecreaseDueFromAffiliates 19,649us-gaap_IncreaseDecreaseDueFromAffiliates
Accounts payable and other accrued expenses 234,802us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (209,403)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 1,786,353us-gaap_NetCashProvidedByUsedInOperatingActivities 2,565,464us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchases of property, plant and equipment (830,817)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (512,569)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Cash paid for acquisition of joint venture partner's interest in OdorStar (150,000)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates  
Purchase of royalty rights    (160,000)obci_PurchaseOfRoyaltyRights
Net cash used in investing activities (980,817)us-gaap_NetCashProvidedByUsedInInvestingActivities (672,569)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Payments on long-term debt (414,524)us-gaap_RepaymentsOfLongTermDebt (407,095)us-gaap_RepaymentsOfLongTermDebt
Dividends paid to common shareholders (440,016)us-gaap_PaymentsOfDividendsCommonStock  
Proceeds from exercise of stock options 63,250us-gaap_ProceedsFromStockOptionsExercised 79,667us-gaap_ProceedsFromStockOptionsExercised
Net cash used in financing activities (791,290)us-gaap_NetCashProvidedByUsedInFinancingActivities (327,428)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate on cash (23,404)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (1,965)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net (decrease) increase in cash (9,158)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,563,502us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash at beginning of period 3,071,887us-gaap_CashAndCashEquivalentsAtCarryingValue 1,508,385us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash at end of period 3,062,729us-gaap_CashAndCashEquivalentsAtCarryingValue 3,071,887us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash transactions:    
Cash paid for interest during period 51,537us-gaap_InterestPaid 68,327us-gaap_InterestPaid
Cash paid for income taxes during period 1,090,000us-gaap_IncomeTaxesPaid 763,100us-gaap_IncomeTaxesPaid
Supplemental disclosure of non-cash investing information:    
Issuance of note receivable for amounts due    111,420obci_SupplementalDisclosureNonCashIssuanceOfNotesReceivalbe
Amounts due from joint venture partner released as part of acquisition of joint venture partner's interest in OdorStar $ 305,905obci_AmountsDueFromJointVenturePartnerReleasedAsPartOfAcquisitionOfJointVenturePartnersInterest