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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Jul. 01, 2023
Jul. 02, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 5,110,000 $ 9,176,000
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Stock-based compensation 237,000 222,000
Gain on forgiveness of PPP Loans (272,000) (2,420,000)
Deferred income taxes (23,000) 660,000
Accrued interest on note receivable from NMR (31,000) (30,000)
Depreciation and amortization 3,230,000 3,245,000
Amortization of operating lease assets 544,000 559,000
Amortization of deferred financing costs 50,000 36,000
Changes in operating assets and liabilities:    
Accounts receivable (563,000) (539,000)
Inventories 458,000 (510,000)
Prepaid, refundable and accrued income taxes 1,528,000 2,498,000
Prepaid expenses and other current assets 11,000 1,235,000
Other assets 370,000 (284,000)
Accounts payable - trade (83,000) 507,000
Accrued expenses and other current liabilities (3,694,000) 1,481,000
Net cash provided by operating activities 6,872,000 15,836,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (3,117,000) (1,785,000)
Loans and advances made to employees (51,000) (115,000)
Payments received on employee receivables 155,000 126,000
Proceeds from maturity of certificate of deposit 5,021,000 0
Net cash provided by (used in) investing activities 2,008,000 (1,774,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on notes payable (15,210,000) (3,704,000)
Principal payments on PPP Loans (531,000) (1,571,000)
Payment of deferred financing costs (94,000) 0
Dividends paid (1,576,000) (444,000)
Proceeds from issuance of stock upon exercise of stock options 39,000 631,000
Distributions to non-controlling interests (961,000) (1,543,000)
Net cash used in financing activities (18,333,000) (6,631,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (9,453,000) 7,431,000
CASH AND CASH EQUIVALENTS, Beginning of period 23,439,000 19,171,000
CASH AND CASH EQUIVALENTS, End of period 13,986,000 26,602,000
Cash paid during the period for:    
Interest 1,067,000 777,000
Income taxes 159,000 211,000
Exercise of stock options $ 1,685,000 $ 0