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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net Income (loss) $ (1,894,643) $ 601,217
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation 612,107 640,848
Gain on disposal of equipment (31,500) 0
Deferred income taxes (84,000) (46,000)
Changes in operating assets and liabilities    
Accounts receivable (929,264) (1,194,243)
Inventories (302,013) (1,095,593)
Other current assets (475,252) (78,145)
Accounts payable 537,088 382,910
Accrued wages and salaries 115,325 235,473
Other accrued expenses (243,717) 91,825
Unearned revenue and customer deposits 331,781 (75,713)
Net cash used in operating activities (2,364,088) (537,421)
Cash flows from investing activities    
Capital expenditures (760,248) (211,703)
Proceeds from the sale of equipment 31,500 0
Proceeds from certificates of deposit 997,000 0
Net cash provided by (used in) investing activities 268,252 (211,703)
Cash flows from financing activities    
Cash dividends paid (425,098) (425,098)
Net cash used in financing activities (425,098) (425,098)
Net decrease in cash and cash equivalents (2,520,934) (1,174,222)
Cash and cash equivalents at beginning of period 4,045,101 2,036,954
Cash and cash equivalents at end of period $ 1,524,167 $ 862,732