| Dec'11 | Dec'10 | ||||
|---|---|---|---|---|---|
Net (loss) income | |||||
-7,185 | 4,968 | ||||
Depreciation & amortization | |||||
290 | 296 | ||||
Deferred income taxes | |||||
-3,190 | -1,017 | ||||
Provision for bad debts | |||||
5 | 32 | ||||
Gain on sale of fixed assets | |||||
- | -52 | ||||
Loss on disposal of fixed assets | |||||
- | 19 | ||||
Stock dividend income received on investments | |||||
-7 | - | ||||
Stock based compensation associated with employee stock option plans | |||||
9 | - | ||||
Gains on sale of investments, net | |||||
33 | 13,509 | ||||
Marked to market adjustments on options and shorts | |||||
-8,501 | -1,526 | ||||
(Increase ) decrease in accounts receivable | |||||
-45 | 28 | ||||
(Increase) in prepaid expenses & other current assets | |||||
-78 | -26 | ||||
(Increase) in Income Tax Refund Receivable | |||||
-2,013 | - | ||||
Decrease in inventory | |||||
62 | 90 | ||||
Increase (decrease) in accounts payable and accrued liabilities | |||||
88 | -97 | ||||
(Decrease) increase in income taxes payable | |||||
-2,899 | 2,043 | ||||
(Decrease) increase in deferred income | |||||
-13 | 5 | ||||
Net cash used in operating activities | |||||
-6,508 | -5,690 | ||||
Purchase of property and equipment | |||||
123 | 324 | ||||
Proceeds from sale of fixed assets | |||||
- | 65 | ||||
Increase in receivable from broker | |||||
812 | 11,699 | ||||
Increase in securities borrowed | |||||
730 | 11,634 | ||||
Purchases of put and call options | |||||
8,961 | 419 | ||||
Sale of put and call options | |||||
14,318 | 18,623 | ||||
Purchase of investments | |||||
25,722 | 28,856 | ||||
Sales of investments | |||||
9,181 | 20,378 | ||||
Net cash (used in) provided by investing activities | |||||
-11,388 | 9,401 | ||||
Proceeds from margin loan payable | |||||
44,633 | 41,462 | ||||
Repayment of margin loan payable | |||||
25,404 | 40,877 | ||||
Dividends paid | |||||
1,054 | 4,229 | ||||
Repayment of mortgage | |||||
44 | 43 | ||||
Purchase of treasury stock | |||||
230 | 242 | ||||
Net cash provided by(used in) financing activities | |||||
17,898 | -3,931 | ||||
Net increase (decrease) in cash and cash equivalents | |||||
1 | -219 | ||||
Interest | |||||
175 | 63 | ||||
Income taxes | |||||
3,002 | 2,424 | ||||