XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
May 31, 2016
May 31, 2015
Cash flows from operations:    
Net income $ 24,401 $ 399,816
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock based compensation 39,429 28,484
(Gain)/Loss on disposal of property, plant, and equipment (43,884) 6,955
Depreciation and amortization expense 409,614 459,412
Bad debt expense (recovery) 2,255 3,240
Deferred income taxes (17,590) (72,912)
Changes in assets and liabilities:    
Accounts receivable 512,721 26,736
Inventories 1,206,115 (881,977)
Income taxes receivable 34,766 100,417
Other assets (191,626) (319,737)
Accounts payable 94,341 64,306
Contracts in progress, net 193,448 (37,362)
Customer deposits 140,606 607,275
Income taxes payable 10,150
Accrued expenses (213,164) (88,671)
Net cash provided by operating activities 2,191,432 306,132
Cash flows from investing activities:    
Purchases of property, plant, and equipment (69,662) (139,994)
Net proceeds from sale of assets 1,170,842 14,456
Net cash provided by (used in) investing activities 1,101,180 (125,538)
Cash flows from financing activities:    
Net change in line of credit 1,858,046 (749,772)
Repayment of term debt (1,614,394) (637,930)
Dividends paid to stockholders (202,428)
Net cash (used in) financing activities (3,472,440) (90,586)
Net increase (decrease) in cash (179,828) 90,008
Cash at beginning of period 447,334 511,716
Cash at end of period 267,506 601,724
Supplemental disclosures of cash flow information:    
Interest 140,820 160,803
Income taxes $ 4,514 $ 205,296