| May'19 | May'18 | May'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 |
|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||
Net income | ||||||||
2,544 | 443 | 2,330 | 4,208 | 2,174 | 1,131 | 2,547 | 2,198 | 1,416 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||||||||
Depreciation | ||||||||
1,072 | 995 | 868 | 818 | 740 | 699 | 564 | 482 | 470 |
Stock options issued for services | ||||||||
106 | 124 | 177 | 151 | 116 | 112 | 109 | 116 | 80 |
Loss on disposal of property and equipment | ||||||||
18 | - | 100 | 10 | 0 | -32 | 0 | - | - |
Provision for inventory obsolescence | ||||||||
175 | 60 | 180 | 180 | 180 | 180 | 180 | 180 | 108 |
Deferred income taxes | ||||||||
30 | 210 | -147 | -52 | 310 | 124 | 2 | -126 | - |
Changes in other assets and liabilities: | ||||||||
Deferred income taxes | ||||||||
- | - | - | - | - | - | - | - | -10 |
Accounts receivable | ||||||||
986 | -3,720 | 1,346 | 752 | -1,860 | -617 | 3,365 | -3,473 | 2,896 |
Inventory | ||||||||
1,158 | 103 | -2,245 | 930 | 82 | 33 | -991 | -3,198 | 886 |
Prepaid expenses | ||||||||
-67 | 18 | 9 | 101 | 48 | -123 | 182 | 57 | -255 |
Prepaid income taxes | ||||||||
-34 | -38 | 35 | 184 | -14 | 157 | -157 | 239 | 127 |
Costs and estimated earnings in excess of billings | ||||||||
-1,542 | 511 | -1,367 | 330 | -2,796 | 84 | 3,034 | -1,302 | -3,138 |
Accounts payable | ||||||||
-57 | 130 | -437 | 936 | 1,536 | -43 | -2,152 | 2,069 | 195 |
Accrued commissions | ||||||||
326 | 136 | 163 | 79 | 333 | -6 | -194 | 197 | 52 |
Other accrued expenses | ||||||||
-674 | 580 | -1,901 | 1,338 | 136 | -477 | -380 | 787 | -219 |
Billings in excess of costs and estimated earnings | ||||||||
-1,384 | 747 | -167 | 1,259 | 1,872 | 678 | -497 | 516 | -215 |
Accrued income taxes | ||||||||
- | - | - | - | -85 | 85 | -140 | 140 | 0 |
Net operating activities | ||||||||
2,657 | 304 | -1,055 | 3,788 | 2,776 | 1,984 | 5,472 | -1,113 | 2,395 |
Investing activities: | ||||||||
Acquisition of property and equipment | ||||||||
472 | 936 | 1,868 | -1,939 | 746 | 1,355 | 3,293 | 1,550 | 386 |
Increase in short-term investments | ||||||||
16 | 16 | 22 | -1,000 | 0 | - | - | - | - |
Increase in cash value of life insurance | ||||||||
5 | 5 | 5 | -5 | 5 | 5 | 5 | 5 | 5 |
Net investing activities | ||||||||
-494 | -958 | -1,896 | 2,944 | -752 | -1,361 | -3,298 | -1,556 | -392 |
Financing activities: | ||||||||
Net short-term borrowings | ||||||||
- | - | - | - | - | - | -258 | 258 | 0 |
Payments on long-term debt | ||||||||
- | - | - | - | - | - | -3 | -5 | -5 |
Proceeds from issuance of common stock, net | ||||||||
50 | 187 | 190 | 346 | 77 | 172 | 11 | 347 | 28 |
Acquisition of treasury stock | ||||||||
- | - | - | - | - | - | - | 49 | 30 |
Net financing activities | ||||||||
50 | 187 | 190 | 346 | 77 | 172 | -249 | 550 | -7 |
Net change in cash and cash equivalents | ||||||||
2,213 | -466 | -2,761 | 1,190 | 2,102 | 795 | 1,923 | -2,119 | 1,995 |