September 30,
2008 2007
Operating activities
Net income $3,433 $2,555
Adjustments to reconcile net income
to net cash provided by operations
Depreciation and amortization 863 197
Stock option expense 246 132
Changes in operating assets and liabilities (1,215) (2,234)
Net cash provided by operating activities 3,327 650
Investing activities
Purchase of property and equipment,
net of disposals (239) (71)
Sale (purchase) of investments (5,400) 2,100
Net cash provided by (used in) investing
activities (5,639) 2,029
Financing activities
Repayment of bank debt (1,000) -
Proceeds from exercise of stock options 109 35
Net cash provided by (used in)
financing activities (891) 35
Increase (decrease) in cash and cash equivalents (3,203) 2,714
Cash and cash equivalents, beginning of period 10,876 11,626
Cash and cash equivalents, end of period $7,673 $14,340
'/>"/>SOURCE Image Sensing Systems, Inc. Copyright©2008 PR Newswire. All rights reserved | |
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