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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
May 06, 2023
May 07, 2022
Cash flows from operating activities:    
Net income $ 5,915,816 $ 2,613,860
Adjustments to reconcile net income to net cash provided by operating (used in) activities:    
Depreciation 78,558 86,454
Deferred income taxes (82,697) (48,541)
Undistributed earnings in joint venture - Majestic 21 (48,448) (25,222)
Gain on disposal of proprety, plant and equipment 0 (88,936)
Decrease in fair market value of equity investments 129,017 23,774
Stock-based compensation 56,626 62,678
Amortization of operating lease right of use assets 0 1,597
Decrease (increase) in:    
Accounts receivable - trade 300,075 (126,969)
Inventories 127,829 (5,604,739)
Pre-owned homes 0 495,327
Prepaid expenses and other current assets 448,989 (462,387)
Interest receivable (95,399) 0
Income tax receivable 0 (42,792)
(Decrease) increase in:    
Accounts payable 114,845 879,293
Accrued compensation 103,268 222,427
Accrued expenses and other current liabilities (68,644) 104,120
Income taxes payable 766,086 (89,083)
Customer deposits (1,440,267) (385,965)
Net cash provided by (used in) operating activities 6,305,654 (2,385,104)
Cash flows from investing activities:    
Purchase of property, plant and equipment (399,668) (551,841)
Purchase certificates of deposit (4,360,000) 0
Purchase of property held for resale (26,590) 0
Proceeds from certificates of deposit 486,000 2,087,936
Proceeds disposal pf property, plant and equipment 0 96,970
Collections on interest receivable 11,932 5,079
Collections on mortgage notes receivable 277 985
Collections on equipment and other notes receivable 11,418 19,966
Issuance of mobile home park note receivable 0 (63,778)
Increase in cash surrender value of life insurance (88,050) (85,518)
Net cash (used in) provided by investing activities (4,364,681) 1,509,799
Cash flows from financing activities:    
Payment of cash dividend (3,370,912) (3,532,976)
Purchase of treasury stock (56,241) (5,186,070)
Reduction of operating lease obligation 0 (1,597)
Net cash (used in) financing activities (3,427,153) (8,720,643)
Decrease in cash and cash equivalents (1,486,180) (9,595,948)
Cash and cash equivalents at beginning of period 16,653,449 36,126,059
Cash and cash equivalents at end of period 15,167,269 26,530,111
Supplemental financing activity:    
Income taxes paid 1,325,000 0
Noncash exercise of employee stock options $ 0 $ (9,197)