XML 34 R5.htm IDEA: XBRL DOCUMENT v3.20.4
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Cash flows from operating activities:    
Net income (loss) $ 908,064 $ (638,202)
Adjments. to reconcile net income (loss) to cash provided (used):    
Share-based compensation 117,842 133,671
Depreciation and amortization 530,420 525,783
Deferred taxes 30,873 38,874
Gain on sale of property and equipment (11,000) (6,946)
Changes in operating assets and liabilities:    
Accounts receivable – trade 1,172,145 (1,033,854)
Inventories (609,647) 93,109
Prepaid expenses and other current assets 76,280 8,552
Accounts payable (527,126) (243,846)
Accrued expenses (11,075) (160,149)
Deferred revenue (8,933) 21,110
Net cash provided (used) by operating activities 1,667,843 (1,261,898)
Cash flows from investing activities:    
Purchases of property and equipment (322,991) (489,475)
Proceeds from sale of property and equipment 11,000 6,946
Net cash used by investing activities (311,991) (482,529)
Cash flows from financing activities:    
Net borrowings (repayments) on line of credit (1,249,588) 1,249,588
Proceeds from employee stock options 768
Payment on notes payable (45,794)
Net cash provided by financing activities (1,294,614) 1,249,588
Net increase (decrease) in cash and cash equivalents 61,238 (494,839)
Cash and cash equivalents at beginning of year 133,965 628,804
Cash and cash equivalents at end of year 195,203 133,965
Supplemental cash flow information:    
Cash paid (refunded) for income taxes (8,548) (67,311)
Cash paid for interest 104,488 44,113
Supplemental disclosures of non-cash activity:    
Net exercise of stock options 479,270
Issuance of long term debt to finance equipment purchases $ 247,807