XML 51 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities:    
Net Income (loss) $ 169 $ (41)
Adjustments to reconcile net income (loss) to cash (used in) provided by operations    
Depreciation and amortization 78 92
Non-cash Interest 2 0
Changes in assets and liabilities:    
Accounts receivable and allowance for doubtful accounts (247) (30)
Inventories (827) (121)
Prepaid expenses and other current assets (78) (144)
Accounts payable and accrued liabilities (279) 146
Net cash (used in) provided by operating activities (1,182) (98)
Cash Flows from Investing activity:    
Purchase of Equipment (269) (150)
Cash Acquired in Merger 1 0
Proceeds from Related Party Advances 21 0
Net cash provided from (used in) investing activities (247) (150)
Cash Flows from Financing activities:    
Advances net of repayments on lines of credit 142 367
Proceeds from Sale of Common Stock 1,724 0
Term note repayments (104) (102)
Net cash provided by (used by) financing activities 1,762 265
Effect of exchange rates on cash and cash equivalents (94) (64)
Net increase in cash and cash equivalents 239 (47)
Cash and cash equivalents at beginning of year 75 [1] 65
Cash and cash equivalents at end of the period 314 18
Cash paid for income taxes 16 8
Cash paid for interest $ 149 $ 130
[1] Derived from audited information