XML 42 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 7,706,921us-gaap_NetIncomeLoss $ 7,265,717us-gaap_NetIncomeLoss $ 5,596,070us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities -      
Depreciation and amortization 1,436,624us-gaap_DepreciationDepletionAndAmortization 1,194,612us-gaap_DepreciationDepletionAndAmortization 1,068,226us-gaap_DepreciationDepletionAndAmortization
Loss on disposal or abandonment of assets 18,820us-gaap_GainLossOnDispositionOfAssets 109,222us-gaap_GainLossOnDispositionOfAssets 21,092us-gaap_GainLossOnDispositionOfAssets
Non-cash stock-based compensation 67,818us-gaap_ShareBasedCompensation 11,686us-gaap_ShareBasedCompensation 10,000us-gaap_ShareBasedCompensation
Deferred income taxes 183,490us-gaap_DeferredIncomeTaxesAndTaxCredits 445,977us-gaap_DeferredIncomeTaxesAndTaxCredits (120,531)us-gaap_DeferredIncomeTaxesAndTaxCredits
Foreign currency translation (727,664)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (261,908)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (15,227)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Net changes in assets and liabilities, net of effect of business acquisitions:      
Accounts receivable-trade 137,351us-gaap_IncreaseDecreaseInAccountsReceivable 60,367us-gaap_IncreaseDecreaseInAccountsReceivable 505,807us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (6,574,662)us-gaap_IncreaseDecreaseInInventories (438,046)us-gaap_IncreaseDecreaseInInventories (5,922,533)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses 260,992us-gaap_IncreaseDecreaseInPrepaidExpense (833,181)us-gaap_IncreaseDecreaseInPrepaidExpense (36,728)us-gaap_IncreaseDecreaseInPrepaidExpense
Other current assets 320,835us-gaap_IncreaseDecreaseInOtherOperatingAssets (325,143)us-gaap_IncreaseDecreaseInOtherOperatingAssets 55,274us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable-trade (629,419)us-gaap_IncreaseDecreaseInAccountsPayable 272,010us-gaap_IncreaseDecreaseInAccountsPayable (10,070)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other liabilities (414,368)us-gaap_IncreaseDecreaseInAccruedLiabilities (119,916)us-gaap_IncreaseDecreaseInAccruedLiabilities 1,287,607us-gaap_IncreaseDecreaseInAccruedLiabilities
Income taxes (609,026)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 158,493us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (525,192)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Total adjustments (6,529,209)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 274,173us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities (3,682,275)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Net cash provided by operating activities 1,177,712us-gaap_NetCashProvidedByUsedInOperatingActivities 7,539,890us-gaap_NetCashProvidedByUsedInOperatingActivities 1,913,795us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (2,204,190)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,770,022)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,686,221)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from maturities of certificates of deposit     423,893us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Proceeds from sale of assets 20,936us-gaap_ProceedsFromSaleOfProductiveAssets 5,343us-gaap_ProceedsFromSaleOfProductiveAssets 1,230us-gaap_ProceedsFromSaleOfProductiveAssets
Decrease (increase) in other assets 11,980us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (5,264)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 4,545us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Net cash used in investing activities (2,171,274)us-gaap_NetCashProvidedByUsedInInvestingActivities (3,769,943)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,256,553)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in revolving credit loans 3,500,000us-gaap_ProceedsFromRepaymentsOfLinesOfCredit    
Payments on notes payable and long-term debt (455,625)us-gaap_RepaymentsOfLongTermDebt (506,250)us-gaap_RepaymentsOfLongTermDebt (202,500)us-gaap_RepaymentsOfLongTermDebt
Payment of cash dividend (2,549,684)us-gaap_PaymentsOfDividendsCommonStock   (2,536,131)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from issuance of common stock 52,722us-gaap_ProceedsFromIssuanceOfCommonStock 113,800us-gaap_ProceedsFromIssuanceOfCommonStock 20,980us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided by (used in) financing activities 547,413us-gaap_NetCashProvidedByUsedInFinancingActivities (392,450)us-gaap_NetCashProvidedByUsedInFinancingActivities (2,717,651)us-gaap_NetCashProvidedByUsedInFinancingActivities
NET INCREASE (DECREASE) IN CASH (446,149)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 3,377,497us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (3,060,409)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH, beginning of period 11,082,679us-gaap_CashAndCashEquivalentsAtCarryingValue 7,705,182us-gaap_CashAndCashEquivalentsAtCarryingValue 10,765,591us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH, end of period 10,636,530us-gaap_CashAndCashEquivalentsAtCarryingValue 11,082,679us-gaap_CashAndCashEquivalentsAtCarryingValue 7,705,182us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Interest paid during the period 225,584us-gaap_InterestPaid 206,763us-gaap_InterestPaid 240,934us-gaap_InterestPaid
Income tax paid during the period, net of (refunds) $ 4,604,087us-gaap_IncomeTaxesPaidNet $ 3,348,676us-gaap_IncomeTaxesPaidNet $ 4,004,510us-gaap_IncomeTaxesPaidNet