XML 31 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Cash flows from operating activities:    
Net (loss) income $ (3,106,803) $ (18,121,235)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 1,190,413 1,779,594
Accretion (amortization) of premium or discount on marketable debt securities 302,466 36,841
Stock-based compensation 2,022,043 2,362,446
Gain (Loss) on Sale of Investments (7,602,820) 0
Losses in unconsolidated affiliates 0 102,305
Asset Impairment Charges 0 1,319,287
Deferred income taxes 0 (95,262)
Foreign Currency Transaction Gain (Loss), before Tax (280,173) 507,792
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 0 (250,000)
Change in allowance for bad debt 74,500 14,679
Other non-cash items 1,130,162 314,335
Changes in assets and liabilities:    
Accounts receivable (4,388,730) (1,018,638)
Inventory (110,325) (518,105)
Prepaid expenses and other current assets 177,843 (81,989)
Accounts payable and accrued expenses (1,351,835) 865,328
Billings in excess of revenue earned 3,085,945 (258,189)
Net cash used in operating activities (8,857,314) (13,040,811)
Cash flows from investing activities:    
Other assets (8,486) (36,455)
Capital expenditures (651,814) (978,037)
Proceeds from sale of marketable debt securities 12,000,622 23,861,627
Purchase of marketable debt securities (7,777,277) (13,106,060)
Proceeds from Sale and Maturity of Other Investments 7,330,203 0
Proceeds from Sale of Machinery and Equipment 0 250,000
Net cash provided by investing activities 10,893,248 9,741,075
Net cash used in financing activities    
Treasury stock purchases 0 (298,619)
Proceeds from exercise of stock options and warrants 86,048 128,441
Payments Related to Tax Withholding for Share-based Compensation (183,259) 0
Net cash used in financing activities (97,211) (170,178)
Effect of exchange rate changes on cash (97,023) 18,575
Net increase (decrease) in cash and equivalents 1,841,700 (3,451,339)
Cash and equivalents:    
Beginning of period 14,635,801 16,756,666
End of period 16,477,501 13,305,327
Supplemental disclosure of cash flow information:    
Income taxes paid 50,000 70,300
Supplemental schedule of noncash investing activities:    
Construction in progress included in accrued expenses $ 228,000 $ 156,000