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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Cash flows from operations:    
Net income (loss) $ 6,403 $ (194,692)
Adjustments to reconcile net income (loss) to net cash used by operating activities:    
Stock based compensation 224,291 203,245
Decrease in obsolete inventory reserves (210,397) (485,073)
(Gain) Loss on disposal of property, plant, and equipment 3,971 (7,998)
Depreciation and amortization expense 546,642 453,697
Accrued interest on deferred debt payments 12,774 12,720
Decrease in allowance for doubtful accounts (3,684) (10,593)
Deferred income taxes (720) (58,843)
Changes in assets and liabilities:    
Accounts receivable (1,153,449) (554,351)
Inventories (1,079,093) (1,041,390)
Net investment in sales-type leases   28,352
Other assets (82,165) (213,955)
Accounts payable 798,008 228,455
Contracts in progress, net 4,797 (58,695)
Customer deposits 1,022,464 506,107
Income taxes payable 0 3,900
Accrued expenses 107,822 (58,634)
Net cash provided by (used in) operating activities 197,663 (1,247,748)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (1,187,793) (487,515)
Net proceeds from sale of assets 9,300 8,000
Net cash used in investing activities (1,178,493) (479,515)
Cash flows from financing activities:    
Net borrowings in line of credit 484,470 1,930,500
Principal payments on finance lease obligations (74,608)  
Proceeds from term debt 350,000  
Repayment of term debt (74,098) (67,444)
Proceeds from common stock purchase agreement 431,408 0
Cost of equity issuance (42,425) 0
Repurchases of common stock (92,432) (30,471)
Net cash provided by financing activities 982,316 1,832,585
Net increase in cash 1,486 105,322
Cash at beginning of period 2,658 2,684
Cash at end of period 4,144 108,006
Supplemental disclosures of cash flow information:    
Interest 277,488 190,764
Income taxes 800 2,869
Supplemental disclosures of non-cash operating activities:    
Right-of-use (ROU) assets acquired (included in other assets) 698,153 0
Less: Cash proceeds received under Manufacturing 4.0 grant applied to ROU Assets - Note 13 (224,513) 0
Total (ROU) assets acquired (included in other assets) 473,640 0
Market value of commitment shares issued under purchase agreement $ 160,000 $ 0