XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Cash flows from operating activities:    
Net income $ 1,230,785 $ 1,862,409
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 363,308 316,469
Share-based compensation 175,698 207,277
Deferred taxes 423,969 705,755
Changes in:    
Accounts receivable-trade (1,228,476) (965,717)
Accounts receivable-other 668,625  
Inventories 47,944 (956,948)
Prepaid expenses (126,234) (20,807)
Accounts payable 314,262 (55,394)
Deferred revenue (1,045,785)  
Accrued expenses 246,437 (220,891)
Net cash provided by operating activities 1,070,533 872,153
Cash flows from investing activities:    
Purchases of property and equipment (567,349) (392,286)
Net cash provided by (used in) investing activities (567,349) (392,286)
Cash flows from financing activities:    
Proceeds from employee stock options 41,365 154,724
Stock issuance costs in excess of proceeds 0 (40,893)
Payments on note payable (32,446) (45,507)
Net cash provided by financing activities 8,918 68,324
Net increase in cash and cash equivalents 512,103 548,191
Cash and cash equivalents at beginning of period 8,266,753 5,050,312
Cash and cash equivalents at end of period 8,778,856 5,598,503
Supplemental disclosures of cash flows information:    
Cash paid for income taxes 109,456 456
Cash paid for interest 4,130 6,243
Supplemental disclosures of non-cash activity:    
Share repurchases as a reduction of stock option exercise proceeds $ 209,290 $ 18,334