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(148,959)$
34,729Net (loss) income per common share — basic and diluted$
(0.01)$
0.00Weighted average shares outstanding — Basic11,734,82411,579,606
Weighted average shares outstanding
8212; diluted11,734,82411,679,990 INRAD OPTICS, INC AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)Three Months EndedMarch 31,20122011Cash flows from operating activities:Net (loss) income $
(148,959)$
34,729Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:Depreciation and amortization160,609221,570401K common stock contribution151,775129,998(Gain) on sale of plant and equipment—(3,626)Stock based compensation59,68529,898Changes in operating assets and liabilities:Accounts receivable665,73299,424Inventories, net(222,670)(216,331)Other current assets68,054(87,391)Accounts payable and accrued liabilities(113,408)(61,046)Customer advances(25,319)(130,663)Accrued Interest on Related Party Convertible Notes Payable—(300,000)Total adjustments and changes744,458(318,167)Net cash provided by (used in) operating activities595,499(283,438)Cash flows from investing activities: Capital expenditures(125,482)(22,153)Proceeds from sale of plant and equipment—6,000Net cash (used in) investing activities(125,482)(16,153)Cash flows from financing activities:Redemption of restricted stock units—(370)Proceeds from exercise of stock options1,350—Principal payments of notes payable-other(2,428)(2,372)Net cash (used in) fin
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