|
Consolidated Statements of Cash Flows - Symon (USD $)
|
12 Months Ended |
|
Jan. 31, 2013
|
Jan. 31, 2012
|
Jan. 31, 2011
|
| Cash flows from operating activities |
|
|
|
| Net income |
$ 3,491,050 |
$ 3,926,292 |
$ 1,765,431 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
1,111,948 |
1,369,747 |
2,279,096 |
| Deferred tax provision (benefit) |
64,908 |
46,683 |
(366,978) |
| Foreign currency translation (gain) loss on intercompany advances |
(798) |
(11,492) |
42,157 |
| Other non-cash expense (income), net |
(9,180) |
2,815 |
(11,764) |
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
(442,329) |
1,056,750 |
(1,103,578) |
| Inventory |
607,540 |
(954,635) |
(218,654) |
| Other current assets |
109,977 |
(70,594) |
3,187 |
| Other assets, net |
96,444 |
78,475 |
75,100 |
| Accounts payable |
1,684,425 |
875,783 |
(296,162) |
| Accrued liabilities |
(437,955) |
722,085 |
438,391 |
| Deferred revenue |
686,801 |
(922,012) |
2,006,810 |
| Net cash provided by operating activities |
6,962,831 |
6,119,897 |
4,613,036 |
| Cash flows from investing activities |
|
|
|
| Payments made to former shareholders for previous business combinations |
|
(99,723) |
(247,640) |
| Purchases of property and equipment |
(575,106) |
(516,858) |
(312,910) |
| Net cash used in investing activities |
(575,106) |
(616,581) |
(560,550) |
| Cash flows from financing activities |
|
|
|
| Repayments of bank borrowings |
|
(5,000,000) |
(6,550,000) |
| Net cash used in financing activities |
|
(5,000,000) |
(6,550,000) |
| Effect of exchange rate changes on cash |
(21,247) |
(21,352) |
5,942 |
| Net increase (decrease) in cash and cash equivalents |
6,366,478 |
481,964 |
(2,491,572) |
| Cash and cash equivalents |
10,203,169 |
3,836,691 |
3,354,727 |
| Supplemental disclosures of cash flow information: |
|
|
|
| Cash paid during the year for interest |
19,791 |
160,587 |
445,799 |
| Cash paid during the year for income taxes |
2,061,735 |
1,050,224 |
1,005,543 |
|
Period Start [Member]
|
|
|
|
| Cash flows from financing activities |
|
|
|
| Cash and cash equivalents |
3,836,691 |
3,354,727 |
5,846,299 |
|
Period End [Member]
|
|
|
|
| Cash flows from financing activities |
|
|
|
| Cash and cash equivalents |
$ 10,203,169 |
$ 3,836,691 |
$ 3,354,727 |