XML 14 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities    
Net Income $ 772,282 $ 242,396
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:    
Depreciation 971,993 797,061
Amortization 70,302 71,097
Stock-Based Compensation 15,862 15,864
Interest on Swap Valuation (18,140) (12,404)
Bargain Purchase Gain (791,615)  
Deferred Income Taxes 191,000 24,000
Loss on Disposal of Property and Equipment 2,744 876
Foreign Currency Gain   (3,458)
Changes in Current Operating Items, Net of Effects of Business Acquisitions    
Accounts Receivable (47,592) (2,330,092)
Inventories (5,416,349) (1,861,077)
Prepaid Expenses and Other Assets (135,740) 93,034
Income Taxes Receivable 133,940 177,501
Accounts Payable (991,849) 1,925,180
Accrued Payroll and Commissions 798,052 1,579,335
Other Accrued Liabilities (222,346) (342,140)
Net Cash Provided by (Used in) Operating Activities (4,667,456) 377,173
Cash Flows from Investing Activities:    
Proceeds from Sale of Property and Equipment 1,400  
Business Acquisitions (1,042,389) (402,969)
Purchase of Property and Equipment (355,110) (233,651)
Net Cash Used in Investing Activities (1,396,099) (636,620)
Cash Flows from Financing Activities:    
Net Borrowings from Line of Credit 6,682,584 1,302,003
Proceeds from Long-Term Debt 1,380,904  
Principal Payments on Long-Term Debt (813,184) (578,158)
Proceeds from Issuance of Common Stock   12,500
Net Cash Provided by Financing Activities 7,250,304 736,345
Effect of Exchange Rate Changes on Cash   35
Net Increase in Cash 1,186,749 476,933
Cash - Beginning 230,582 245,381
Cash - Ending 1,417,331 722,314
Supplemental Disclosure of Cash Flow Information:    
Cash Paid During the Period for Interest 266,413 237,425
Cash Paid During the Period for Income Taxes   151,615
Supplemental Noncash Investing and Financing Activities    
Due to Seller for Business Acquisition $ 462,233