| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 4,975,037 | 1,352,484 | 789,170 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 6,994,363 | 3,657,489 | 3,413,718 | | Adjustments To Net Income | 2,261,234 | 290,531 | 592,925 | | Changes In Accounts Receivables | (208,754) | (186,332) | (50,861) | | Changes In Liabilities | (2,131,404) | 256,046 | 460,969 | | Changes In Inventories | (15,990) | (21,181) | (28,985) | | Changes In Other Operating Activities | 316,579 | (1,302,536) | (675,691) | | | Total Cash Flow From Operating Activities | 8,410,311 | 4,470,152 | 4,544,838 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (7,004,485) | (2,947,905) | (2,146,682) | | Investments |
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| (182,096) |
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| | Other Cashflows from Investing Activities | 3,336,838 | (209,773) | (75,961) | | | Total Cash Flows From Investing Activities | (3,667,647) | (3,339,774) | (2,222,643) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (907,046) | (313,266) | (177,448) | | Sale Purchase of Stock | 66,015 | 42,948 | 68,625 | | Net Borrowings | (4,303,738) | (1,502,746) | (1,353,083) | | Other Cash Flows from Financing Activities |
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| (120,648) |
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| | | Total Cash Flows From Financing Activities | (5,144,769) | (1,893,711) | (1,461,905) | | Effect Of Exchange Rate Changes |
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|
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|
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| | | Change In Cash and Cash Equivalents | ($402,105) | ($763,334) | $860,290 |
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0.34% Nasdaq 
Cash Flow
