Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows Unaudited

v2.4.1.9
Condensed Statements of Cash Flows Unaudited (USD $)
 3 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities    
Net income $ 1,069,373us-gaap_NetIncomeLoss $ 1,982,326us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 229,900us-gaap_DepreciationDepletionAndAmortization 151,910us-gaap_DepreciationDepletionAndAmortization
Deferred taxes 529,000us-gaap_DeferredIncomeTaxExpenseBenefit 1,028,210us-gaap_DeferredIncomeTaxExpenseBenefit
Gain on disposal of assets   (86)us-gaap_GainLossOnDispositionOfAssets
Stock based compensation 283,627us-gaap_ShareBasedCompensation 188,160us-gaap_ShareBasedCompensation
Changes in operating assets and liabilities:    
Accounts receivable, net 372,879us-gaap_IncreaseDecreaseInAccountsReceivable 5,553,199us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories, net 31,187us-gaap_IncreaseDecreaseInInventories 499,673us-gaap_IncreaseDecreaseInInventories
Other assets (222,800)us-gaap_IncreaseDecreaseInOtherOperatingAssets (189,241)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses (1,219,481)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (2,414,434)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 1,073,685us-gaap_NetCashProvidedByUsedInOperatingActivities 6,799,717us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities    
Purchases of property, plant and equipment and intangible assets (1,764,875)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (92,298)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchases of investments (1,638,000)us-gaap_PaymentsToAcquireInvestments (2,606,000)us-gaap_PaymentsToAcquireInvestments
Proceeds from maturities of investments 1,375,000us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities 3,782,000us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
Net cash (used in) provided by investing activities (2,027,875)us-gaap_NetCashProvidedByUsedInInvestingActivities 1,083,702us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities    
Proceeds from issuance of common stock under employee stock purchase plan 105,615us-gaap_ProceedsFromIssuanceOfCommonStock 90,417us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from issuance of common stock upon exercise of stock options 1,276us-gaap_ProceedsFromStockOptionsExercised 25,327us-gaap_ProceedsFromStockOptionsExercised
Tax withholding related to exercise of stock options   (72,816)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Repurchase of common stock (170,170)us-gaap_PaymentsForRepurchaseOfCommonStock  
Net cash (used in) provided by financing activities (63,279)us-gaap_NetCashProvidedByUsedInFinancingActivities 42,928us-gaap_NetCashProvidedByUsedInFinancingActivities
(Decrease) increase in cash and cash equivalents (1,017,469)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 7,926,347us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 18,191,493us-gaap_CashAndCashEquivalentsAtCarryingValue 9,807,957us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 17,174,024us-gaap_CashAndCashEquivalentsAtCarryingValue 17,734,304us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures for cash flow information    
Cash paid during the year for income taxes   79,276us-gaap_IncomeTaxesPaid
Non-cash financing activities    
Cashless exercise of stock options $ 3,220clfd_IssuanceOfCommonStockFundedThroughSharesSoldToCompany $ 22,427clfd_IssuanceOfCommonStockFundedThroughSharesSoldToCompany