XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 204,909 $ 74,203
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 148,041 142,642
Loss (gain) on disposal of equipment (2,000) 16,863
Impairment on assets held for sale 95,455   
Stock compensation to employees 40,000   
Deferred income taxes 80,000 25,000
Increase or decrease in:    
Accounts receivable (34,011) (18,906)
Inventory (35,850) (63,138)
Other current assets 889 (10,125)
Accounts payable and accrued expenses 59,106 (108,038)
Total adjustments 351,631 (15,702)
NET CASH PROVIDED BY OPERATING ACTIVITIES 556,540 58,501
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (156,922) (166,172)
Proceeds from sale of equipment 2,000   
NET CASH USED IN INVESTING ACTIVITIES (154,922) (166,172)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of stock    50,000
Payments on long-term debt (39,798) (44,803)
Loan costs (21,656)   
Payments on lines of credit (94,487) (1,764)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (155,941) 3,433
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 245,677 (104,238)
CASH AND CASH EQUIVALENTS, beginning of period 22,839 127,077
CASH AND CASH EQUIVALENTS, end of period 268,516 22,839
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Acquisition of equipment with debt    195,821
Common stock awards capitalized as equipment 1,500   
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 53,865 61,797
Cash paid for income taxes