XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Cash flows from operating activities:    
Net income (loss) $ 2,912,026 $ 3,228,937
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 1,917,847 1,761,455
Provision for losses on doubtful receivables 2,944 77,505
Deferred income taxes (351,405) 755,749
Stock-based compensation expense 225,642 192,017
Gain on sale of discontinued operations (127,994)  
(Gain) loss on sale of property, plant and equipment, net 48,920 (346,393)
Changes in operating assets and liabilities 1,525,543 (1,193,616)
Net cash used in operating activities 6,153,523 4,475,654
Cash flows from investing activities:    
Proceeds from sale of discontinued operations 3,884,656  
Additions to property, plant and equipment (1,442,337) (3,660,390)
Proceeds from sale of property, plant, and equipment 54,863 1,245,459
Proceeds from sale of investments 2,887,193 34,769
Purchases of investments (2,901,248)  
Net cash provided by (used in) investing activities 2,483,127 (2,380,162)
Cash flows from financing activities:    
Proceeds from revolving line of credit and other long-term debt   46,442,128
Repayments of revolving line of credit and other long-term debt (333,334) (48,354,219)
Payment of debt issuance costs   (353,383)
Proceeds from exercise of stock options 351,725 136,148
Net cash provided by (used in) financing activities 18,391 (2,129,326)
Change in cash and cash equivalents 8,655,041 (33,834)
Cash and cash equivalents, beginning of period 3,894,277 59,056
Cash and cash equivalents, end of period $ 12,549,318 $ 25,222