XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Cash flows from operations:    
Net income (loss) $ (406,489) $ (315,238)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock based compensation 69,964 62,054
Increase (Decrease) in obsolete inventory reserves (140,485) (216,795)
Gain on disposal of property, plant, and equipment 0 (8,000)
Depreciation and amortization expense 167,542 161,107
Accrued interest on deferred debt payments 4,213 4,161
Increase (decrease) in allowance for doubtful accounts (11,440) 25,201
Deferred income taxes (109,039) (97,413)
Changes in assets and liabilities:    
Accounts receivable 1,091,906 684,378
Inventories (349,727) 76,951
Net investment in sales-type leases 0 14,069
Other assets (506,294) (225,977)
Accounts payable (183,362) (187,110)
Contracts in progress, net 119,397 (397,920)
Customer deposits 1,616,276 1,179,196
Income taxes payable (500) 3,900
Accrued expenses (193,146) (81,262)
Net cash provided by operating activities 1,168,816 681,302
Cash flows from investing activities:    
Purchases of property, plant, and equipment (174,133) (163,927)
Net proceeds from sale of assets 0 8,000
Net cash used in investing activities (174,133) (155,927)
Cash flows from financing activities:    
Net change in line of credit 924,000 484,000
Principal payments on finance lease obligations (11,946) 0
Repayment of term debt (23,029) (21,873)
Repurchases of common stock (34,905) (18,296)
Net cash used in financing activities (993,880) (524,169)
Net decrease in cash 803 1,206
Cash at beginning of period 2,658 2,684
Cash at end of period 3,461 3,890
Supplemental disclosures of cash flow information:    
Interest 69,754 48,826
Income taxes $ 0 $ 0