XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Cash flows from operating activities:    
Net income $ 2,998,067 $ 1,131,901
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities    
Depreciation and amortization 411,465 382,121
Share-based compensation 147,653 100,452
Deferred taxes (2,790,809) 33,620
Gain on sale of property and equipment (2,047) (5,000)
Changes in:    
Accounts receivable-trade (2,117,387) 125,339
Inventories (63,757) (1,087,448)
Prepaid expenses (60,809) (25,797)
Accounts payable 789,864 (214,775)
Deferred revenue 1,138,620 336,890
Accrued expenses 98,108 (94,984)
Net cash provided by (used in) operating activities 548,968 682,319
Cash flows from investing activities:    
Purchases of property and equipment (298,760) (285,909)
Proceeds from sale of property and equipment 2,047 5,000
Net cash provided by (used in) investing activities (296,713) (280,909)
Cash flows from financing activities:    
Net borrowings on line of credit 0 (414,465)
Proceeds from employee stock options 11,229 768
Proceeds from issuance of common stock 3,422,370 0
Payments on note payable (43,320) (9,103)
Net cash provided by (used in) financing activities 3,390,279 (422,800)
Net increase (decrease) in cash and cash equivalents 3,642,534 (21,390)
Cash and cash equivalents at beginning of period 195,203 133,965
Cash and cash equivalents at end of period 3,837,737 112,575
Supplemental disclosures of cash flows information:    
Cash paid for income taxes 456 0
Cash paid for interest 32,776 87,004
Supplemental disclosures of non-cash activity:    
Net exercise of stock options 47,515 441,022
Issuance of long term debt to finance equipment purchases $ 0 $ 0