XML 29 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 2,138,000$ 3,000
Adjustments to reconcile net income to net cash provided by operating activities:  
Share-based compensation expense118,000257,000
Amortization of intangible assets094,000
Depreciation and amortization202,000206,000
Loss on disposal of property and equipment4,0000
Inventory reserves139,00050,000
Gain on sale of marketable securities(45,000)(100,000)
Deferred income(64,000)(64,000)
Changes in operating assets and liabilities:  
Accounts receivable(2,000)(92,000)
Inventories(1,074,000)265,000
Costs and estimated earnings in excess of billings on uncompleted contracts468,000566,000
Other current assets152,0004,000
Other assets6,000(31,000)
Accounts payable19,00075,000
Accrued expenses88,000(97,000)
Income taxes payable35,000(57,000)
Customer advances(55,000)34,000
Liability associated with former executive officer(868,000)0
Net cash provided by operating activities1,261,0001,113,000
Cash flows from investing activities:  
Purchase of property and equipment(127,000)(303,000)
Sale and disposal of property and equipment10,0000
Purchase of marketable securities(262,000)0
Sale of marketable securities156,000659,000
Net cash (used in) provided by investing activities(223,000)356,000
Cash flows from financing activities:  
Purchase of treasury stock0(2,000)
Proceeds from issuance of long-term debt and note payable-bank5,790,0001,809,000
Stock option exercises1,000113,000
Repayments of long-term debt and note payable-bank(6,876,000)(3,085,000)
Net cash used in financing activities(1,085,000)(1,165,000)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS(47,000)304,000
Cash and cash equivalents - January 11,964,0002,321,000
CASH AND CASH EQUIVALENTS - September 301,917,0002,625,000
Supplemental cash flow information:  
Cash paid for interest155,000177,000
Cash paid for income taxes$ 30,000$ 66,000