| May'19 | May'18 | May'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows relating to operating activities | |||||||||
Net income (loss) | |||||||||
-1,210,990 | 210,639 | -1,073,364 | -1,515,189 | - | - | - | - | - | - |
Net loss | |||||||||
- | - | - | - | -93,669 | -539,624 | -539,882 | 77,421 | -205,383 | -1,711,013 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||||
Depreciation and amortization | |||||||||
188,348 | 205,239 | 219,082 | 245,824 | 266,572 | 328,293 | 347,715 | 344,553 | 340,689 | 362,027 |
Loss on disposal of property and equipment | |||||||||
0 | -619 | 7,223 | 299 | 17,500 | 13,667 | 0 | 18,014 | -1,828 | 1,200 |
Stock based compensation | |||||||||
94,621 | 50,336 | 79,765 | 58,198 | 72,574 | 57,726 | 89,888 | 199,396 | 202,603 | 93,420 |
Inventory adjustment | |||||||||
-597,548 | 0 | 0 | - | - | - | - | - | - | - |
Tax benefit related to stock options | |||||||||
- | - | - | - | - | - | - | 1,134 | 114 | - |
(Increase) decrease in: | |||||||||
Accounts receivable | |||||||||
-24,538 | -311,433 | 272,506 | -548,650 | 455,905 | 224,309 | -510,531 | 686,578 | 652,700 | 21,075 |
Inventories | |||||||||
-96,610 | 1,494,009 | -478,532 | 192,509 | -205,399 | -292,594 | 1,082,931 | -159,002 | 483,802 | -247,986 |
Prepaid expenses | |||||||||
3,119 | 32,463 | -14,267 | -20,737 | 3,701 | -69,201 | 33,509 | 20,529 | -26,055 | 18,257 |
Income taxes receivable | |||||||||
0 | -7,310 | -1,122 | 7,403 | -310 | -46,756 | 40,315 | 7,780 | -21,570 | -308,425 |
Increase (decrease) in: | |||||||||
Accounts payable | |||||||||
-523,410 | -78,049 | 230,242 | 46,787 | 326,899 | -411,954 | 149,574 | -66,729 | 169,772 | 324,569 |
Accrued liabilities and customer deposits | |||||||||
22,743 | -187,897 | 181,795 | -24,604 | 89,377 | 2,398 | - | - | - | - |
Accrued liabilities and customer deposits | |||||||||
- | - | - | - | - | - | -80,183 | 185,863 | 17,980 | -1,394 |
Income taxes payable | |||||||||
-3,502 | 3,993 | 0 | 0 | -210 | 210 | 0 | -2,073 | 2,073 | - |
Net cash provided by (used in) operating activities - continuing operations | |||||||||
- | - | - | - | 390,146 | -392,376 | -679,112 | 163,398 | - | - |
Net cash provided by (used in) operating activities | |||||||||
-716,613 | -1,002,849 | -148,288 | -819,808 | - | - | - | - | -559,429 | -416,512 |
Cash flows relating to investing activities | |||||||||
Purchase of short-term investments | |||||||||
- | - | - | - | - | - | - | - | - | 1,000,000 |
Maturities of short-term investments | |||||||||
- | - | - | - | - | - | - | - | - | 1,000,000 |
Purchases of property and equipment | |||||||||
6,473 | 8,467 | 52,633 | 3,520 | 66,627 | 56,192 | 175,835 | 277,045 | 227,620 | 54,838 |
Advances and payments on asset acquisition | |||||||||
- | - | - | - | - | - | - | - | - | 100,000 |
Proceeds from the sale of property and equipment | |||||||||
0 | 1,500 | 52,535 | 14,950 | 17,500 | 19,500 | 0 | 47,180 | 0 | 1,200 |
Decrease (increase) in other long term assets | |||||||||
- | - | - | - | - | - | -291 | -1,745 | - | - |
Net cash provided by (used in) investing activities - continuing operations | |||||||||
- | - | - | - | -49,127 | -36,692 | -175,544 | -228,120 | - | - |
Other long-term assets | |||||||||
- | - | - | - | - | - | - | - | -4,004 | 6,039 |
Net cash provided by (used in) investing activities | |||||||||
-6,473 | -6,967 | -98 | 11,430 | - | - | - | - | -223,616 | -159,677 |
Cash flows relating to financing activities | |||||||||
Common stock issued through rights offering, net of expenses | |||||||||
0 | 2,386,029 | 0 | 0 | - | - | - | - | - | - |
Payments on long-term liabilities | |||||||||
13,044 | 0 | 0 | - | - | - | - | - | - | - |
Common stock issued on exercise of stock options | |||||||||
65,166 | 0 | 0 | - | 0 | 11,500 | 0 | 136,330 | 1,916 | - |
Increase in line of credit | |||||||||
- | - | - | - | 0 | 400,000 | 0 | 0 | - | - |
Payments on line of credit | |||||||||
- | - | - | - | 0 | 400,000 | 0 | 0 | - | - |
Excess tax benefit from stock-based compensation | |||||||||
- | - | - | - | - | - | - | 1,134 | 114 | - |
Net cash provided by Financing activities | |||||||||
- | - | - | - | 0 | 11,500 | 0 | 137,464 | - | - |
Net cash provided by (used in) financing activities - total | |||||||||
52,122 | 2,386,029 | 0 | 0 | - | - | - | - | 2,030 | - |
Effect of foreign exchange translation on cash | |||||||||
26,866 | -132,287 | 27,307 | 1,410 | - | - | - | - | - | - |
Increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
-644,098 | 1,243,926 | -121,079 | -806,968 | - | - | - | - | - | - |
Effect of foreign exchange translation on cash | |||||||||
- | - | - | - | -55,930 | 19,062 | -13,090 | -56,431 | -4,465 | -52,160 |
Decrease in cash and cash equivalents | |||||||||
- | - | - | - | 285,089 | -398,506 | -867,746 | 16,311 | -785,480 | -628,349 |
Supplemental disclosure of cash flow information | |||||||||
Cash paid during the period for income taxes | |||||||||
29,940 | 14,661 | 27,772 | 27,496 | - | - | - | - | - | - |
Cash paid during the period for income taxes | |||||||||
- | - | - | - | 9,978 | 8,989 | 39,635 | 19,476 | -21,709 | -293,876 |
Cash paid during the period for interest | |||||||||
12,160 | 1,401 | 2,982 | 2,988 | 3,452 | 9,159 | 0 | 0 | - | - |
Supplemental disclosure of non-cash investing and financing activities | |||||||||
Acquisition of property and equipment through financed payables | |||||||||
145,784 | 0 | 0 | - | - | - | - | - | - | - |