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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Cash flows from operations:    
Net income (loss) $ 342,210 $ (406,489)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock based compensation 68,888 69,964
Decrease in obsolete inventory reserves (27,086) (140,485)
Gain on disposal of property, plant, and equipment (2,900) 0
Depreciation and amortization expense 238,903 167,542
Accrued interest on deferred debt payments 0 4,213
Increase (Decrease) in allowance for doubtful accounts 1,502 (11,440)
Deferred income taxes 91,136 (109,039)
Changes in assets and liabilities:    
Accounts receivable (944,999) 1,091,906
Inventories (966,123) (349,727)
Other assets (92,762) (506,294)
Accounts payable (128,664) (183,362)
Contracts in progress, net 701,406 119,397
Customer deposits 1,968,863 1,616,276
Income taxes payable 0 (500)
Accrued expenses 18,223 (193,146)
Net cash provided by operating activities 1,268,597 1,168,816
Cash flows from investing activities:    
Purchases of property, plant, and equipment (313,657) (174,133)
Net proceeds from sale of assets 2,900 0
Net cash used in investing activities (310,757) (174,133)
Cash flows from financing activities:    
Net change in line of credit (868,941) (924,000)
Principal payments on finance lease obligations (42,055) (11,946)
Repayment of term debt (27,553) (23,029)
Repurchases of common stock (20,334) (34,905)
Net cash used in financing activities (958,883) (993,880)
Net increase (decrease) in cash (1,043) 803
Cash at beginning of period 5,055 2,658
Cash at end of period 4,012 3,461
Supplemental disclosures of cash flow information:    
Interest 122,315 69,754
Income taxes 46 0
Amortization of operating lease ROU assets (included in other assets) $ 3,319 $ 0