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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
May 31, 2023
May 31, 2022
Cash flows from operations:    
Net income (loss) $ 648,874 $ (231,136)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock based compensation 137,638 157,465
Decrease in obsolete inventory reserves (25,899) (197,613)
Gain on disposal of property, plant, and equipment (97,616) 3,971
Depreciation and amortization expense 488,806 350,435
Accrued interest on deferred debt payments 0 8,520
Increase (Decrease) in allowance for doubtful accounts 1,986 (3,127)
Deferred income taxes 167,213 (63,744)
Changes in assets and liabilities:    
Accounts receivable (1,216,037) 185,551
Inventories (744,760) (1,479,479)
Other assets 120,158 (619,103)
Accounts payable (373,908) 787,195
Contracts in progress, net 583,259 (541,716)
Customer deposits (266,745) 1,541,000
Income taxes payable 1,500 (500)
Accrued expenses (47,941) (178,916)
Net cash provided in operating activities (623,472) (281,197)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (639,833) (509,097)
Net proceeds from sale of assets 286,815 9,300
Net cash used in investing activities (353,018) (499,797)
Cash flows from financing activities:    
Net change in line of credit 779,559 628,695
Proceeds from finance lease obligations 397,536 350,000
Principal payments on finance lease obligations (89,839) (38,317)
Repayment of term debt (49,528) (47,289)
Cost of equity issuance 0 (17,346)
Repurchases of common stock (63,995) (92,432)
Net cash used in financing activities 973,733 783,311
Net increase (decrease) in cash (2,757) 2,317
Cash at beginning of period 5,055 2,658
Cash at end of period 2,298 4,975
Supplemental disclosures of cash flow information:    
Interest 268,997 155,385
Income taxes 2,841 800
Supplemental disclosures of non-cash operating activities:    
Right-of-use (ROU) assets acquired (included in other assets) 117,302 389,300
Common stock purchase agreement shares issued (included in other assets) 0 117,200
Amortization of operating lease ROU assets (included in other assets) $ 5,820 $ 6,349