| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | (666,915) | 3,292,662 | 2,720,177 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 738,925 | (233,443) | (571,495) | | Adjustments To Net Income | 1,175,897 | 2,543,403 | 878,694 | | Changes In Accounts Receivables |
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| | Changes In Liabilities | 8,268,103 |
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| 3,206,720 | | Changes In Inventories |
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| | Changes In Other Operating Activities | (545,806) | 994,934 | (16,304) | | | Total Cash Flow From Operating Activities | 8,970,205 | 7,615,937 | 6,904,273 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures |
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| | Investments | (40,545,947) | (958,236) |
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| | Other Cashflows from Investing Activities | 34,240,127 | 712,561 | (1,711,910) | | | Total Cash Flows From Investing Activities | (6,305,820) | (245,675) | (1,711,910) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (1,247,089) | (1,397,597) | (997,970) | | Sale Purchase of Stock | 1,514,673 | (2,263,068) | (1,028,004) | | Net Borrowings | 2,194,681 | (1,027,555) | 729,385 | | Other Cash Flows from Financing Activities | (2,872,233) | 16,310 | (2,140,101) | | | Total Cash Flows From Financing Activities | (409,968) | (4,671,910) | (3,436,691) | | Effect Of Exchange Rate Changes | 1,749,525 |
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| 19,736 | | | Change In Cash and Cash Equivalents | $4,003,942 | $2,698,352 | $1,775,409 |
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1.48% Nasdaq 
Cash Flow
