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EXCEL - IDEA: XBRL DOCUMENT - AXESSTEL INCFinancial_Report.xls
10-K - FORM 10-K - AXESSTEL INCd270235d10k.htm
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EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - AXESSTEL INCd270235dex211.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - AXESSTEL INCd270235dex311.htm
EX-23.1 - CONSENT OF GUMBINER SAVETT INC. - AXESSTEL INCd270235dex231.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER - AXESSTEL INCd270235dex321.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER - AXESSTEL INCd270235dex312.htm
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v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ 1,099,885 $ (6,311,334) $ (10,131,464)
Adjustments to reconcile net income (loss) to net cash provided by ( used in) operating activities:      
Depreciation and amortization 222,861 676,314 1,276,641
(Gain) loss on sale of assets 0 (150,000) 276,879
Stock-based compensation 126,900 192,245 415,746
Provision for losses on accounts receivable (156,700) 1,260,792 1,595,058
Provision for inventory obsolescence 243,750 721,111 1,550,000
(Increase) decrease in:      
Accounts receivable (1,026,855) 2,180,547 14,692,914
Inventories 266,672 1,159,855 (3,157,812)
Supplier advances (526,836) (248,740) 1,119,825
Prepayments and other current assets 21,853 235,995 309,294
Other assets 25,571 (52,150) 7,723
Increase (decrease) in:      
Accounts payable 1,673,547 (1,836,518) (6,694,621)
Accrued expenses and other liabilities 327,421 (1,462,279) (1,735,228)
Total adjustments 1,198,184 2,677,172 9,656,419
Net cash provided by (used in) operating activities 2,298,069 (3,634,162) (475,045)
Cash flows from investing activities:      
Proceeds from sale of assets 0 150,000 250,000
Proceeds from note receivable 0 0 241,976
Acquisition of property and equipment (44,908) (19,701) (235,459)
Net cash provided by (used in) investing activities (44,908) 130,299 256,517
Cash flows from financing activities:      
Net proceeds (payments) of bank financing (1,386,839) 3,001,956 (906,024)
Net cash provided by (used in) financing activities (1,386,839) 3,001,956 (906,024)
Cumulative translation adjustment (93,911) (23,100) 64,347
Net increase (decrease) in cash and cash equivalents 772,411 (525,007) (1,060,205)
Cash and cash equivalents at beginning of year 77,099 602,106 1,662,311
Cash and cash equivalents at end of year 849,510 77,099 602,106
Supplemental disclosure of cash flow information:      
Interest 1,460,930 1,327,028 989,258
Income tax $ 36,757 $ 0 $ 0