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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Operating Activities    
Net Income $ 3,030,438 $ 5,840,827
Less: Income From Discontinued Operations (344,320) (161,469)
Net Income From Continuing Operations 2,686,118 5,679,358
Adjustments To Reconcile Net Income To Net Cash Provided By (used In) Operating Activities:    
Depreciation And Amortization 1,830,427 1,809,609
Unrecognized Pension And Postretirement Benefits 247,133 (674,262)
Loss (gain) On Sale Of Equipment And Other Assets 268,770 (1,601,812)
Provision For Doubtful Accounts 19,740 73,097
Stock Compensation Expense 221,468 278,258
Changes In Operating Assets And Liabilities:    
Accounts Receivable (3,951,314) (3,942,502)
Inventories (4,902,631) (513,863)
Prepaid Expenses And Other (1,075,545) (798,273)
Other Assets (89,366) (156,726)
Accounts Payable 3,526,499 1,075,130
Accrued Compensation (1,858,898) (1,116,703)
Other Accrued Expenses (478,878) 1,140,223
Net Cash (used In) Provided By Operating Activities (3,556,477) 1,251,534
Investing Activities    
Payments Received From Notes Receivable 175,220 68,325
Proceeds From Sale Of Equipment 1,371,073 1,993,744
Purchases Of Property, Plant And Equipment (572,047) (671,964)
Net Cash Provided By Investing Activities 974,246 1,390,105
Financing Activities    
Proceeds From Short Term Borrowings (revolver) 5,000,000 0
Principal Payments On Long-term Debt (1,852,107) (1,162,045)
Financing Leases, Net (92,111) (9,875)
Purchase Common Stock For Treasury (766,889) 0
Dividends Paid (687,180) (684,702)
Net Cash Provided By (used In) Financing Activities 1,601,713 (1,856,622)
Discontinued Operations    
Cash (used In) Provided By Operating Activities Discontinued Operations (396,936) 848,523
Cash Used In Investing Activities Discontinued Operations 0 (247,625)
Cash (used In) Provided By Discontinued Operations (396,936) 600,898
Effect Of Exchange Rate Changes On Cash (22,903) (22,881)
Net Change In Cash And Cash Equivalents (1,400,357) 1,363,034
Cash And Cash Equivalents At Beginning Of Period 6,602,429 16,101,635
Cash And Cash Equivalents At End Of Period ? 5,202,072 17,464,669
Supplemental Disclosure Of Cash Flow Information:    
Interest 463,080 685,520
Income Taxes 110,917 21,100
Non-cash Investing And Financing Activities    
Right Of Use Asset Noncash 292,097 114,471
Lease Liability Non Cash $ (226,903) $ (104,595)