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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net income $ 13,655,679 $ 8,098,766
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 2,557,680 2,427,557
Amortization 1,490,894 1,324,423
Stock compensation expense 1,806,758 1,259,079
Deferred income taxes 489,059 60,937
Non-cash lease expense 158,250 86,042
Provision for doubtful accounts   778,869
Pension settlement   526,857
PPP Loan Forgiveness (3,508,047)  
Changes in operating assets and liabilities    
Accounts receivable (7,228,368) (2,028,341)
Inventories (3,209,330) (10,049,513)
Prepaid expenses and other current assets (1,040,319) 159,078
Accounts payable 1,497,258 460,179
Other accrued liabilities (1,528,936) 2,617,103
Total adjustments (8,515,101) (2,377,730)
Net cash provided by operating activities 5,140,578 5,721,036
Investing activities:    
Purchase of property, plant and equipment (6,372,615) (2,569,174)
Net cash used by investing activities (6,372,615) (13,951,902)
Financing activities:    
Net (repayments) borrowings of long-term debt (5,729,995) 5,526,760
Repayments on mortgage (3,177,778) (266,667)
Borrowing on mortgage 11,469,459  
Distributions to stockholders (1,792,356) (1,604,706)
Cash settlement of stock options (342,285) (1,644,118)
Purchase of treasury stock (1,473,444) (286,988)
Issuance of common stock 3,089,045 58,754
Net cash provided by financing activities 2,042,646 5,291,082
Effect of exchange rate changes (134,636) 285,277
Net increase (decrease) in cash and cash equivalents 675,973 (2,654,507)
Cash and cash equivalents at beginning of year 4,167,376 6,821,883
Cash and cash equivalents at end of year 4,843,349 4,167,376
Supplemental cash flow information:    
Cash paid for income taxes 874,996 755,337
Cash paid for interest expense $ 908,781 930,357
PPP Loan    
Financing activities:    
Proceeds from PPP Loan   3,508,047
Med-Nap, LLC    
Investing activities:    
Acquisition   (9,307,518)
First Aid Central    
Investing activities:    
Acquisition   $ (2,075,210)