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CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income (loss) $ 1,388,995 $ 1,060,139
Stock compensation expense 31,923 52,787
Depreciation 405,186 430,347
Changes in non-cash working capital items:    
(Increase) Decrease in accounts receivable (277,579) (249,171)
(Increase) Decrease in inventory 141,995 (311,450)
(Increase) Decrease in prepaid expenses (38,213) (208,917)
(Increase) Decrease in deferred tax assets 133,572
Increase (Decrease) in accounts payable (36,959) (454,802)
Increase (Decrease) in taxes payable 434,444 137,425
Increase (Decrease) in deferred revenue (2,641)
Cash provided by (used in) operating activities 2,183,364 1,574,959
Investing activities    
Long term deposits (350) (5,440)
Sale (purchase) of property and equipment (101,762) 41,432
Cash provided by (used in) investing activities (102,112) 35,992
Financing activities    
Short term line of credit (repayment) 50,000 (500,000)
Loan repayment (150,895) (150,895)
Repurchase of common stock (1,575,000)
Proceeds from issuance of common stock 26,080 8,000
Cash provided (used) by financing activities (1,649,815) (642,895)
Effect of exchange rate changes on cash (7,937) (31,602)
Inflow (outflow) of cash 423,500 936,454
Cash and cash equivalents, beginning 2,498,738 747,517
Cash and cash equivalents, ending 2,922,238 1,683,971
Supplemental disclosure of cash flow information:    
Income taxes paid 452,654 785,000
Interest paid $ 33,876 $ 44,044