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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 4,180,277 $ 1,032,294
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation 960,139 990,983
(Gain) loss on sale of property and equipment (4,736,096) 21,564
Deferred income taxes (26,000) (94,000)
Changes in operating assets and liabilities    
Accounts receivable (930,130) (911,293)
Inventories (1,401,692) (2,591,976)
Other current assets (75,326) (7,890)
Accounts payable 204,795 710,141
Accrued wages and salaries 328,698 389,796
Other accrued expenses 1,209,687 34,353
Unearned revenue and customer deposits (127,094) (40,959)
Net cash used in operating activities (412,742) (466,987)
Cash flows from investing activities    
Capital expenditures (696,073) (587,615)
Proceeds from the sale of property 5,038,240 7,800
Proceeds from certificates of deposit 1,245,000 4,084,000
Purchases of certificates of deposit (1,245,000) (2,092,000)
Net cash provided by investing activities 4,342,167 1,412,185
Cash flows from financing activities    
Cash dividends paid (637,647) (637,647)
Net cash used in financing activities (637,647) (637,647)
Net increase in cash and cash equivalents 3,291,778 307,551
Cash and cash equivalents at beginning of period 2,036,954 2,567,731
Cash and cash equivalents at end of period $ 5,328,732 $ 2,875,282