CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash Flows From Operating Activities |
|
|
| Net Loss |
$ (53,951)
|
$ (694,755)
|
| Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities |
|
|
| Depreciation |
1,565,716
|
1,618,791
|
| Amortization |
142,991
|
50,312
|
| Compensation on Stock-Based Awards |
994
|
1,320
|
| Compensation on Equity Appreciation Rights |
5,950
|
(94,652)
|
| Deferred Taxes |
33,329
|
55,685
|
| Loss on Disposal of Property and Equipment |
2,473
|
1,129
|
| Changes in Current Operating Items |
|
|
| Accounts Receivable |
743,068
|
(1,625,756)
|
| Inventories |
(1,557,078)
|
(1,729,429)
|
| Prepaid Expenses |
323,344
|
(377,554)
|
| Income Taxes Receivable |
(207,295)
|
(530,028)
|
| Income Taxes Payable |
(7,382)
|
|
| Accounts Payable |
1,857,082
|
5,238,304
|
| Accrued Payroll and Commissions |
(595,628)
|
422,436
|
| Other Accrued Liabilities |
(378,606)
|
1,592,378
|
| Net Cash Provided by Operating Activities |
1,875,007
|
3,928,181
|
| Cash Flows from Investing Activities |
|
|
| Proceeds from Sale of Assets |
3,000
|
|
| Business Acquisition, Net of Cash Acquired |
|
(1,990,143)
|
| Purchases of Property and Equipment |
(1,663,821)
|
(1,456,795)
|
| Net Cash Used in Investing Activities |
(1,660,821)
|
(3,446,938)
|
| Cash Flows from Financing Activities |
|
|
| Borrowings on Line of Credit |
89,714,458
|
83,642,816
|
| Repayments on Line of Credit |
(89,192,427)
|
(84,744,548)
|
| Proceeds from Long-Term Debt |
466,000
|
1,358,767
|
| Principal Payments on Long-Term Debt |
(1,121,624)
|
(755,247)
|
| Debt Issuance Costs |
|
(48,745)
|
| Excess Tax Benefit from Stock-Based Compensation |
(25,209)
|
911
|
| Proceeds from Issuance of Common Stock |
4,822
|
10,666
|
| Net Cash Used by Financing Activities |
(153,980)
|
(535,380)
|
| Net Increase (Decrease) in Cash |
60,206
|
(54,137)
|
| Cash - Beginning |
887
|
66,371
|
| Cash - Ending |
61,093
|
12,234
|
| Supplemental Disclosure of Cash Flow Information |
|
|
| Cash Paid During the Period for Interest |
394,339
|
320,381
|
| Supplemental Noncash Investing and Financing Activities |
|
|
| Capital Expenditures in Accounts Payable |
$ 31,068
|
$ 13,700
|