Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v2.4.1.9
Condensed Consolidated Statements Of Cash Flows (USD $)
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,163,476)us-gaap_NetIncomeLoss $ (140,583)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 780,477us-gaap_DepreciationDepletionAndAmortization 560,622us-gaap_DepreciationDepletionAndAmortization
Share based compensation 238,349us-gaap_ShareBasedCompensation 48,281us-gaap_ShareBasedCompensation
Deferred taxes (89,248)us-gaap_DeferredIncomeTaxExpenseBenefit 91,364us-gaap_DeferredIncomeTaxExpenseBenefit
Gain on sale of assets (4,285)us-gaap_GainLossOnDispositionOfAssets (5,740)us-gaap_GainLossOnDispositionOfAssets
Excess tax benefit from share-based payments 5,712us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities 9,067us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Changes in assets and liabilities:    
Trade receivables 2,956,932us-gaap_IncreaseDecreaseInAccountsReceivable 6,686,463us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (1,398,048)us-gaap_IncreaseDecreaseInInventories (733,914)us-gaap_IncreaseDecreaseInInventories
Prepaid income taxes (1,496,921)us-gaap_IncreaseDecreaseInPrepaidTaxes (225,644)us-gaap_IncreaseDecreaseInPrepaidTaxes
Other assets (657,485)us-gaap_IncreaseDecreaseInOtherOperatingAssets 14,645us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 1,071,831us-gaap_IncreaseDecreaseInAccountsPayable 617,539us-gaap_IncreaseDecreaseInAccountsPayable
Accrued compensation and benefits (371,707)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (996,144)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Other accrued liabilities 256,330us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (98,905)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Income taxes payable (5,168)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (3,663)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash (used in) provided by operating activities (2,876,707)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 5,823,388us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (853,074)us-gaap_PaymentsToAcquireProductiveAssets (823,633)us-gaap_PaymentsToAcquireProductiveAssets
Purchases of investments   (6,539,789)us-gaap_PaymentsToAcquireInvestments
Proceeds from the sale of fixed assets 22,853us-gaap_ProceedsFromSaleOfProductiveAssets 5,740us-gaap_ProceedsFromSaleOfProductiveAssets
Proceeds from the sale of investments 734,537us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments 1,380,000us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments
Net cash used in investing activities (95,684)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (5,977,682)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (1,395,200)us-gaap_PaymentsOfDividends (1,368,532)us-gaap_PaymentsOfDividends
Mortgage principal payments (127,727)us-gaap_RepaymentsOfSecuredDebt (119,318)us-gaap_RepaymentsOfSecuredDebt
Proceeds from issuance of common stock, net of shares withheld (7,541)us-gaap_ProceedsFromIssuanceOfCommonStock 35,686us-gaap_ProceedsFromIssuanceOfCommonStock
Excess tax benefit from stock-based payments (5,712)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities (9,067)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Payment of contingent consideration related to acquisition   (565,647)us-gaap_PaymentsOfMergerRelatedCostsFinancingActivities
Net cash used in financing activities (1,536,180)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (2,026,878)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH (78,662)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 9,368us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
NET DECREASE IN CASH AND CASH EQUIVALENTS (4,587,233)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (2,171,804)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 13,736,857us-gaap_CashAndCashEquivalentsAtCarryingValue 20,059,120us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS AT END OF PERIOD 9,149,624us-gaap_CashAndCashEquivalentsAtCarryingValue 17,887,316us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Income taxes paid 500us-gaap_IncomeTaxesPaidNet 14,613us-gaap_IncomeTaxesPaidNet
Interest paid 13,121us-gaap_InterestPaid 18,405us-gaap_InterestPaid
Dividends declared not paid 1,463,075us-gaap_DividendsPayableCurrentAndNoncurrent 1,454,417us-gaap_DividendsPayableCurrentAndNoncurrent
Capital expenditures in accounts payable $ 218,019us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 237,330us-gaap_CapitalExpendituresIncurredButNotYetPaid