| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | (555,626) | 1,748,271 | 1,339,494 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | (50,735) | (32,621) | (532,880) | | Adjustments To Net Income | 5,165,110 | 1,795,163 | 1,929,009 | | Changes In Accounts Receivables |
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| | Changes In Liabilities | (3,936,023) | (2,373,163) |
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| | Changes In Inventories |
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| | Changes In Other Operating Activities | (458,248) | (661,591) | 598,954 | | | Total Cash Flow From Operating Activities | 1,421,387 | 1,062,215 | 3,834,849 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (261,856) | (640,183) | (448,786) | | Investments | 1,718,430 | (1,349,686) | (1,822,604) | | Other Cashflows from Investing Activities |
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| (379,217) |
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| | | Total Cash Flows From Investing Activities | 1,456,574 | (2,369,086) | (2,271,391) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (719,286) | (836,927) | (592,089) | | Sale Purchase of Stock | (171,025) | (209,996) | 30,892 | | Net Borrowings | 481,979 | 953,139 | 882,127 | | Other Cash Flows from Financing Activities |
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| (15,446) | | | Total Cash Flows From Financing Activities | (408,332) | (93,785) | 305,484 | | Effect Of Exchange Rate Changes | 525,349 | 41,795 | 15,446 | | | Change In Cash and Cash Equivalents | $2,994,978 | ($1,358,860) | $1,884,388 |
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0.22% Nasdaq 
Cash Flow
