XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (In thousands, except per share amounts) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows Operating Activities    
Net Income (Loss) $ 707 $ (75)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 847 741
loss on disposal of assets 0 10
Share-based compensation 23 16
Deferred income tax expense (benefit) 483 (145)
Change in inventory reserve 0 (12)
Provision for bad debts (7) 0
Changes in working capital:    
Trade accounts receivables (1,346) (1,390)
Inventories 403 (266)
Other current assets (509) 392
Accounts payable and accrued expenses 1,373 (1,226)
Net cash provided by operating activities 1,974 (1,955)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, plant and equipment (449) (1,224)
Proceeds from sales of property, plant and equipment 0 2
Net cash used in investing activities (449) (1,222)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net payments on lines of credit (52) 2,095
Net proceeds (payments) from export credit refinancing facility (1,771) 557
Payments on capital lease (5) (18)
Proceeds from long-term bank debt 236 276
Payments on long-term bank debt (304) (200)
Proceeds from the issuance of common stock,and exercise of common stock options 11 0
Net cash provided by (used in) provided by financing activities (1,885) 2,710
Effect of foreign currency exchange rate fluctuations on cash and cash equivalents 21 (74)
Net increase (decrease) in cash and cash equivalents (339) (541)
Cash and cash equivalents at beginning of year 2,920 2,799
Cash and cash equivalents at end of year 2,581 2,258
Supplemental cash flow disclosures:    
Interest paid 95 84
Income taxes paid $ 37 $ 240