XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 860 $ 75
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 1,701 1,533
Loss on disposal of assets   10
Share-based compensation 70 62
Deferred income tax expense (benefit) 319 (71)
Change in inventory reserve (170) (15)
Provision for bad debts (7)  
Changes in working capital:    
Trade accounts receivables (1,777) (1,419)
Inventories 3,107 (3,478)
Other current assets (713) 356
Accounts payable and accrued expenses 45 881
Net cash provided by (used in) operating activities 3,435 (2,066)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, plant and equipment (901) (2,580)
Proceeds from sales of property, plant and equipment   2
Net cash used in investing activities (901) (2,578)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (payments on) proceeds from lines of credit (766) 1,337
Net (payments on) proceeds from export credit refinancing facility (468) 1,492
Payments on capital leases (9) (24)
Proceeds from long-term bank debt 236 276
Payments on long-term bank debt (663) (503)
Proceeds from the issuance of common stock and exercise of common stock options 11 267
Net cash (used in) provided by financing activities (1,659) 2,845
Effect of foreign currency exchange rate fluctuations on cash and cash equivalents 30 (109)
Net increase (decrease) in cash and cash equivalents 905 (1,908)
Cash and cash equivalents at beginning of period 2,920 2,799
Cash and cash equivalents at end of period 3,825 891
Supplemental cash flow disclosures:    
Interest paid 191 157
Income taxes paid $ 70 $ 240