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Consolidated Statements of Cash Flow - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities    
Net Income $ 13,294,793 $ 6,561,403
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,921,740 3,750,805
Loss (Gain) on investments in equity securities (7,330) 860,273
Reduction in carrying amount of RoU assets 1,720,844 1,706,810
Loss (Gain) on disposal of assets (3,988) 16,930
Write off of contingent liability 0 (750,000)
Share-based compensation expense 1,377,423 957,728
Deferred income taxes (1,074,308) (1,872,770)
Changes in assets and liabilities:    
Accounts receivable 2,212,974 (2,745,949)
Inventories 2,355,929 (2,772,375)
Contract assets (1,538,046) (1,173,244)
Prepaid expenses & other current assets 218,736 (373,139)
Right of use assets (457,317) (2,232,314)
Other noncurrent assets 254,691 (265,166)
Accounts payable (2,849,665) 1,981,556
Lease liabilities (1,150,159) 538,067
Accrued income taxes (699,413) 2,555,884
Other current liabilities (27,551) 204,050
Unearned revenue 1,241,838 1,097,850
Total adjustments 5,496,398 1,484,996
Net Cash Provided by Operating Activities 18,791,191 8,046,399
Cash Flows from Investing Activities    
Cash paid for business acquisitions 0 (4,331,739)
Capital expenditures (2,032,773) (742,828)
Net Cash Used in Investing Activities (2,032,773) (5,074,567)
Cash Flows from Financing Activities    
Payments on related party notes (1,855,942) (4,071,885)
Payments on bank debt (21,667,362) (7,120,834)
Borrowings on bank debt 7,276,208 8,868,238
Payments on contingent liability 0 (750,000)
Share repurchase (111,774) (144,139)
Net Cash Used in Financing Activities (16,358,870) (3,218,620)
Net Increase (Decrease) in cash and cash equivalents 399,548 (246,788)
Cash and cash equivalents at beginning of period 1,247,627 1,494,415
Cash and cash equivalents at end of period 1,647,175 1,247,627
Supplemental disclosures of cash flow information    
Interest paid 1,220,439 1,060,483
Income taxes paid 5,599,745 582,883
Supplemental disclosures of noncash financing and investing activity    
Additions to ROU assets obtained from new operating lease liabilities 457,317 2,232,314
Purchase accounting adjustment to Goodwill for a change in inventory 147,591 0
Purchase accounting adjustment to Goodwill for a change in fixed assets 73,520 0
Issuance of Class A common shares in business acquisition 0 1,000,012
Issuance of Class A common shares for capital expenditures $ 150,000 $ 0