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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net Income $ 832,198 $ 1,698,629
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,029,998 973,182
Gain on disposal of equipment (5,000) (26,135)
Deferred income taxes 134,000 118,000
Changes in operating assets and liabilities:    
Accounts receivable (84,715) (1,175,724)
Inventories 624,058 (726,233)
Other current assets and prepaid income taxes (320,611) (106,338)
Accounts payable (72,255) 460,603
Accrued wages and salaries 160,519 221,074
Other accrued expenses (171,741) (54,780)
Unearned revenue and customer deposits (125,529) 61,073
Net cash provided by operating activities 2,000,922 1,443,351
Cash flows from investing activities:    
Capital expenditures (1,562,784) (1,635,189)
Proceeds from the sale of equipment 5,000 26,135
Proceeds from certificates of deposit 5,569,000 3,735,000
Purchases of certificates of deposit (4,582,000) (2,739,000)
Net cash used in investing activities (570,784) (613,054)
Cash flows from financing activities:    
Cash dividends paid (927,487) (898,503)
Net cash used in financing activities (927,487) (898,503)
Net increase (decrease) in cash and cash equivalents 502,651 (68,206)
Cash and cash equivalents at beginning of period 706,873 1,152,569
Cash and cash equivalents at end of period 1,209,524 1,084,363
Supplemental schedule of non-cash investing activities:    
Capital expenditures in accounts payable $ 0 $ 7,265