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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net Income (loss) $ (583,137) $ 447,313
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation 306,032 320,424
Deferred income taxes (43,000) (24,000)
Changes in operating assets and liabilities    
Accounts receivable (1,197,937) (990,427)
Inventories (877,722) (1,093,460)
Other current assets (160,452) (37,522)
Accounts payable 924,168 754,192
Accrued wages and salaries 212,746 197,065
Other accrued expenses (212,227) 53,411
Unearned revenue and customer deposits (19,881) (15,390)
Net cash used in operating activities (1,651,410) (388,394)
Cash flows from investing activities    
Capital expenditures (413,419) (120,594)
Proceeds from certificates of deposit 498,000 0
Net cash provided by (used in) investing activities 84,581 (120,594)
Cash flows from financing activities    
Cash dividends paid (212,549) (212,549)
Net cash used in financing activities (212,549) (212,549)
Net decrease in cash and cash equivalents (1,779,378) (721,537)
Cash and cash equivalents at beginning of period 4,045,101 2,036,954
Cash and cash equivalents at end of period $ 2,265,723 $ 1,315,417