XML 35 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ 497,600 $ (59,500)
Adjustment to reconcile net income (loss) to net cash used by operating activities:    
Depreciation and amortization 35,800 32,400
Stock-based compensation 17,500 11,600
Loss on disposal of assets 0 7,200
Change in operating assets and liabilities:    
Trade receivables (561,600) (278,900)
Inventories 170,500 (232,100)
Prepaid expenses and other assets 55,900 (27,500)
Net payments on obligations collateralized by receivables and inventory 0 (1,201,400)
Income taxes payable 8,400 0
Accounts payable and accrued expenses (330,100) (639,200)
Total adjustments to net income (loss) (603,600) (2,327,900)
Net Cash Used by Operating Activities (106,000) (2,387,400)
Cash flow from investing activities:    
Net proceeds from sale of assets held for sale 0 8,922,600
Purchase of property, plant and equipment (9,900) (120,600)
Net Cash (Used) Provided by Investing Activities (9,900) 8,802,000
Cash flow from financing activities:    
Principal payments on long-term debt 0 (3,363,300)
Proceeds from exercise of stock options 0 52,700
Net Cash Used by Financing Activities 0 (3,310,600)
Net (Decrease) Increase in Cash and Cash Equivalents (115,900) 3,104,000
Cash and Cash Equivalents, beginning of period 3,126,200 253,900
Cash and Cash Equivalents, end of period 3,010,300 3,357,900
Supplemental disclosures:    
Cash paid during the period for interest $ 7,200 $ 26,900