| PERIOD ENDING | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | | Net Income | 524,334 | 1,462,706 | 811,489 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 1,881,164 | 1,390,553 | 1,054,464 | | Adjustments To Net Income | 1,544,098 | 247,786 | 110,753 | | Changes In Accounts Receivables | (240,629) | (333) | (148,349) | | Changes In Liabilities | 322,788 | (105,033) | 163,491 | | Changes In Inventories | (90,221) | (3,021) | 15,432 | | Changes In Other Operating Activities | (519,676) | 45,032 | (36,012) | | | Total Cash Flow From Operating Activities | 3,421,858 | 3,037,690 | 1,971,268 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (2,002,452) | (1,238,305) | (1,265,549) | | Investments | (350,000) | (42,356) |
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| | Other Cashflows from Investing Activities | (5,817,589) | (953,891) | (1,021,442) | | | Total Cash Flows From Investing Activities | (8,170,041) | (2,234,552) | (2,286,991) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (587,302) | (331,885) |
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| | Sale Purchase of Stock | (88,988) | (41,282) | (25,680) | | Net Borrowings | 5,420,011 | 179,423 | 318,562 | | Other Cash Flows from Financing Activities |
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| | | Total Cash Flows From Financing Activities | 4,743,721 | (193,744) | 292,882 | | Effect Of Exchange Rate Changes | (84,566) | 49,823 | 3,689 | | | Change In Cash and Cash Equivalents | ($89,028) | $659,217 | ($19,152) |
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1.48% Nasdaq 
Cash Flow
