XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net cash used in operating activities $ (1,855,742) $ (356,645)
Cash flows from investing activities    
Additions to property, plant and equipment and construction in progress (1,766,007) (954,671)
Proceeds from sale of equipment 9,627 15,000
Distribution of earnings from OC-BVI 1,136,250 0
Acquisition of Aerex, net of cash acquired 0 (7,742,853)
Collections on loans receivable 479,412 449,338
Release of cash balance 0 423,405
Net cash used in investing activities (140,718) (7,809,781)
Cash flows from financing activities    
Dividends paid to CWCO common shareholders (1,114,469) (1,107,759)
Dividends paid to CWCO preferred shareholders (2,642) (2,910)
Repurchase of redeemable preferred stock 0 (6,083)
Proceeds received from exercise of stock options 0 50,420
Issuance of note payable to related party 392,000 490,000
Repayments of demand loan payable 0 (500,000)
Net cash used in financing activities (725,111) (1,076,332)
Effect of exchange rate changes on cash 0 647
Net increase (decrease) in cash and cash equivalents (2,721,571) (9,242,111)
Cash and cash equivalents at beginning of period 39,254,116 44,792,734
Cash and cash equivalents at end of period 36,532,545 35,550,623
Interest paid in cash 0 32,896
Non-cash investing and financing activities    
Issuance of 17,833, and 0, respectively, shares of common stock for services rendered 203,551 0
Dividends declared but not paid 1,119,355 1,111,795
Transfers from inventory to property, plant and equipment and construction in progress 70,545 69,920
Transfers from construction in progress to property, plant and equipment $ 140,499 $ 83,903