| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | (5,595,774) | 1,251,095 | 1,353,145 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 381,639 | 437,842 | 302,771 | | Adjustments To Net Income | 8,714,946 | 3,705,100 | 222,691 | | Changes In Accounts Receivables | 157,591 | 110,348 | (89,197) | | Changes In Liabilities | (764,266) | 189,813 | 501,792 | | Changes In Inventories |
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| | Changes In Other Operating Activities | (887,679) | (2,289,854) | 550,819 | | | Total Cash Flow From Operating Activities | 2,006,457 | 3,404,344 | 2,842,021 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (463,999) | (453,832) | (94,661) | | Investments | (6,662,671) | 1,750,264 | (1,353,612) | | Other Cashflows from Investing Activities | 893,934 | 5,700 | 1,218,903 | | | Total Cash Flows From Investing Activities | (6,232,736) | 1,302,132 | (229,370) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (669,001) | (1,035,432) | (894,805) | | Sale Purchase of Stock | 3,527,179 | (1,208,400) | (226,035) | | Net Borrowings | 12,352,482 | 4,163,069 | (3,333,394) | | Other Cash Flows from Financing Activities | (4,757,129) | (6,413,890) | 3,342,061 | | | Total Cash Flows From Financing Activities | 10,453,531 | (4,494,653) | (1,112,173) | | Effect Of Exchange Rate Changes |
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| | | Change In Cash and Cash Equivalents | $6,227,252 | $211,823 | $1,500,478 |
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0.38% Nasdaq 
Cash Flow
