XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net income $ 349,799 $ 347,448
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 30,916 34,122
Deferred income taxes 219,822 237,493
(Decrease) increase in:    
Accounts receivable (92,944) (62,228)
Inventories (138,697) 17,997
Prepaid expenses (56,001) (76,960)
Other assets (375,481) (86,829)
Increase in:    
Accounts payable and accrued expenses (315,826) 25,404
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES (378,412) 436,447
INVESTING ACTIVITIES    
Purchase of property and equipment (3,825) (5,169)
NET CASH USED IN INVESTING ACTIVITIES (3,825) (5,169)
FINANCING ACTIVITIES    
Payment of principal on bank term loans (109,288) (381,840)
Payment on officer loan (15,000) 0
Proceeds from the exercise of employee stock options 0 10,800
Proceeds from revolving bank line of credit 500,000 0
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES 375,712 (371,040)
DISCONTINUED OPERATIONS    
Payment of obligations from discontinued operations (43,603) (67,255)
Decrease in cash (50,128) (7,017)
Cash at beginning of period 194,021 200,349
Cash at end of period 143,893 193,332
Supplemental schedule of investing and financing activities    
Cash paid for interest $ 77,919 $ 44,822