| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | (262,204) | 6,139,047 | (762,057) | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 1,677,543 | 1,253,438 | 2,869,961 | | Adjustments To Net Income | 290,398 | (3,903,185) | (261,637) | | Changes In Accounts Receivables | (77,534) | (646,603) | 450,035 | | Changes In Liabilities | (232,601) | 178,221 | 207,163 | | Changes In Inventories | 57,798 | (572,958) | (398,214) | | Changes In Other Operating Activities | 585,026 | (435,978) | (52,610) | | | Total Cash Flow From Operating Activities | 2,038,426 | 2,011,981 | 2,052,641 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (1,086,879) | (973,587) | (3,383,584) | | Investments | 475,069 | 6,588,282 |
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| | Other Cashflows from Investing Activities | (3,742,754) | 229,772 | 9,669 | | | Total Cash Flows From Investing Activities | (4,354,563) | 5,844,467 | (3,373,915) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (983,971) | (941,183) |
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| | Sale Purchase of Stock | (4,591,393) | (2,132,759) |
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| | Net Borrowings | 535,686 | (413,885) | 634,266 | | Other Cash Flows from Financing Activities |
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| | | Total Cash Flows From Financing Activities | (5,039,678) | (3,487,827) | 634,266 | | Effect Of Exchange Rate Changes | (54,978) | (164,965) | (591) | | | Change In Cash and Cash Equivalents | ($7,410,793) | $4,203,657 | ($687,599) |
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1.52% Nasdaq 
Cash Flow
