Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (140,583) $ 242,359
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 560,622 485,793
Share-based compensation 48,281 177,167
Deferred taxes 91,364 (89,101)
Change in fair value of acquisition-related contingent consideration   27,231
(Gain)/loss on sale of assets (5,740) 47,262
Excess tax deficit from share-based payments 9,067  
Changes in assets and liabilities:    
Trade receivables 6,686,463 (3,707,328)
Inventories (733,914) (3,309,289)
Prepaid income taxes (225,644) 111,201
Other assets 14,645 (137,257)
Accounts payable 617,539 (1,229,882)
Accrued compensation and benefits (996,144) (350,808)
Other accrued liabilities (98,905) 255,243
Income taxes payable (3,663) (5,499)
Net cash provided by (used in) operating activities 5,823,388 (7,482,908)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (823,633) (479,129)
Purchases of investments (6,539,789) (2,932,571)
Proceeds from the sale of fixed assets 5,740 24,971
Proceeds from the sale of investments 1,380,000 4,115,000
Net cash (used in) provided by investing activities (5,977,682) 728,271
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (1,368,532)  
Mortgage principal payments (119,318) (111,462)
Proceeds from issuance of common stock 35,686 43,940
Excess tax deficit from share-based payments (9,067)  
Payment of contingent consideration related to acquisition (565,647) (161,060)
Net cash used in financing activities (2,026,878) (228,582)
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH 9,368 (61,953)
NET DECREASE IN CASH AND CASH EQUIVALENTS (2,171,804) (7,045,172)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 20,059,120 17,869,712
CASH AND CASH EQUIVALENTS AT END OF PERIOD 17,887,316 10,824,540
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Income taxes paid 14,613 116,297
Interest paid 18,405 26,261
Dividends declared not paid 1,454,417 1,363,795
Capital expenditures in accounts payable $ 237,330