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Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities  
Net income$ 53,631$ 67,903
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization494,003230,000
Provision for uncollectible accounts31,50020,000
Equity based compensation37,60050,518
Deferred income taxes31,65073,034
Changes in assets and liabilities:  
Accounts receivable691,427652,366
Inventories(416,887)(742,785)
Prepaid expenses1,866(92,275)
Deferred revenue(341,000) 
Accounts payable and accrued expenses118,768(643,998)
Pension and other benefits(174,358)62,328
Income taxes5,5201,405,076
Net cash provided by operating activities533,7201,082,167
Investing activities  
Purchase of property, plant and equipment(997,293)(33,262)
Net cash provided by (used in) investing activities(997,293)(33,262)
Financing activities  
Long-term debt payments(150,000) 
Repayment of factoring agreement (428,588)
Borrowings under line of credit500,000 
Net cash used in financing activities350,000(428,588)
Effect of exchange rate changes on cash4,5312,232
Net increase (decrease) in cash and cash equivalents(109,042)622,549
Cash and cash equivalents at beginning of period649,952526,752
Cash and cash equivalents at end of period540,9101,149,301
Cash paid for:  
Interest47,03613,898
Income taxes$ 12,241$ 12,185