Cash flows from operating activities: | |
Net income | 344K |
Adjustments to reconcile net income to net cash provided by operating activities: | |
Depreciation and amortization | 1.53M |
Provision for doubtful accounts | 6K |
Stock option compensation expense | 58K |
Deferred income taxes | -95K |
Gain on disposal of assets | |
Cash flows from changes in operating assets and liabilities: | |
Accounts receivable | 21K |
Inventories | 96K |
Prepaid expenses | -28K |
Other liabilities | |
Accounts payable | 100K |
Refundable income taxes | -501K |
Accrued expenses | -529K |
Net cash provided by operating activities | 1.14M |
Cash flows from investing activities: | |
Proceeds from the sale of assets | |
Change in other assets | |
Capital expenditures | -910K |
Net cash used in investing activities | -1.01M |
Cash flows from financing activities: | |
Principal payments on long-term debt | -20K |
Proceeds from the issuance of stock | |
Deferred financing fees | |
Net cash used in financing activities | 186K |
Net decrease in cash and cash equivalents | 319K |
Cash and cash equivalents at beginning of year | 3.64M |
Cash and cash equivalents at end of period | 3.96M |