| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 3,970,088 | 5,093,013 | 3,634,960 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 3,061,544 | 3,751,200 | 230 | | Adjustments To Net Income | 1,285,918 | 592,043 | (10) | | Changes In Accounts Receivables | (388,483) | (392,035) | (73) | | Changes In Liabilities | (2,778,780) | 104,723 | 183 | | Changes In Inventories | (686,199) | (82,376) | (50) | | Changes In Other Operating Activities | 92,421 | (124,568) | (40) | | | Total Cash Flow From Operating Activities | 6,411,112 | 9,243,273 | 606 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (1,974,992) | (3,570,756) | (390) | | Investments |
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| (72,518) | 7 | | Other Cashflows from Investing Activities | (1,036,466) | (1,843,008) | (95) | | | Total Cash Flows From Investing Activities | (3,011,458) | (5,486,283) | (478) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (646,181) | (3,871,521) | (19) | | Sale Purchase of Stock | (3,051,670) | (1,181,507) | (64) | | Net Borrowings | 1,489,604 | (1,169,111) | 203 | | Other Cash Flows from Financing Activities | (594,107) | (382,431) |
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| | | Total Cash Flows From Financing Activities | (2,802,354) | (6,604,570) | 120 | | Effect Of Exchange Rate Changes | 144,498 |
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| | | Change In Cash and Cash Equivalents | $741,797 | ($2,847,580) | $248 |
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0.49% Nasdaq 
Cash Flow
