| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | (511,790) | (1,441,754) | 628,859 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 292,828 | 282,491 | 286,841 | | Adjustments To Net Income | 888,024 | 3,180,038 | (48,603) | | Changes In Accounts Receivables | 4,114,180 | (284,267) | (430,401) | | Changes In Liabilities | (2,511,783) | (1,146,810) | 620,416 | | Changes In Inventories |
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| | Changes In Other Operating Activities | (24,174) | 205,543 | (176,034) | | | Total Cash Flow From Operating Activities | 2,247,285 | 795,241 | 881,078 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (110,237) | (129,295) | (109,493) | | Investments | 4,245,282 | (4,577,028) | (8,268,459) | | Other Cashflows from Investing Activities | 153,792 | (78,786) | (44,080) | | | Total Cash Flows From Investing Activities | 4,288,837 | (4,785,109) | (8,422,032) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid |
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| | Sale Purchase of Stock | 2,420 | 226,327 | (69,883) | | Net Borrowings | (4,489,747) | 2,415,908 | (147,254) | | Other Cash Flows from Financing Activities | 71,455 | 1,844,278 | 8,126,137 | | | Total Cash Flows From Financing Activities | (4,415,872) | 4,486,513 | 7,909,000 | | Effect Of Exchange Rate Changes | (44,645) | 69,365 |
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| | | Change In Cash and Cash Equivalents | $2,075,605 | $566,010 | $368,046 |
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1.48% Nasdaq 
Cash Flow
