|
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2012
|
Mar. 31, 2011
|
| Cash flows from operating activities: |
|
|
| Net income |
$ 321 |
$ 230 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
| Depreciation and amortization |
831 |
775 |
| Bad debt expense |
37 |
81 |
| Inventory reserves |
10 |
8 |
| Non-cash interest expense |
11 |
4 |
| Share based compensation expense |
421 |
193 |
| Stock issued in lieu of directors fees |
11 |
31 |
| Changes in assets and liabilities which provided (used) cash: |
|
|
| Accounts and notes receivable |
281 |
(319) |
| Inventory |
529 |
349 |
| Prepaid expenses and other assets |
16 |
(407) |
| Other assets |
(577) |
|
| Accounts payable |
(2,166) |
(1,781) |
| Other liabilities |
(69) |
(2,647) |
| Deferred revenues |
(166) |
110 |
| Income taxes |
(26) |
(7) |
| Net cash (used in) provided by operating activities: |
(556) |
(3,396) |
| Cash flows from investing activities: |
|
|
| Purchase of property and equipment |
(242) |
(139) |
| Purchase of intangible and other assets |
(524) |
(406) |
| Purchase of investment |
|
(322) |
| Net cash used in investing activities |
(766) |
(867) |
| Cash flows from financing activities: |
|
|
| Proceeds from exercise of common stock options and warrants |
222 |
1,124 |
| Purchase of treasury stock |
|
(2,897) |
| Principal payments on capital lease obligations |
(117) |
(112) |
| Proceeds from debt |
1,000 |
|
| Principal payments on debt |
(300) |
|
| Net cash provided by (used in) financing activities: |
805 |
(1,885) |
| Effect of exchange differences on cash |
(18) |
12 |
| Net (decrease) increase in cash and cash equivalents |
(535) |
(6,136) |
| Cash and cash equivalents at beginning of year |
9,547 |
10,251 |
| Cash and cash equivalents at end of year |
9,012 |
4,115 |
| Supplemental Disclosures of Cash Flow Information |
|
|
| Interest |
66 |
22 |
| Taxes |
$ 53 |
$ 21 |