XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
OPERATING ACTIVITIES:    
Net Income $ 30,371,200 $ 30,461,300
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property and equipment 345,600 313,400
Amortization of intangible assets 265,500 265,500
Provisions for credit losses (1,500) (4,600)
Compensation expense related to stock options 1,458,200 1,451,000
Deferred income taxes 135,100 148,400
Operating lease right of use asset amortization 228,200 206,000
Tax benefits on exercised stock options 943,300 839,000
Change in operating assets and liabilities:    
Receivables (126,900) (265,400)
Principal collections on lease receivables 104,700 485,200
Income tax receivable/payable (881,600) (281,500)
Inventories (55,700) 479,700
Prepaid expenses 220,500 215,300
Other assets (7,200) (38,000)
Accounts payable (118,700) (427,100)
Accrued and other liabilities 472,200 1,021,600
Rents received in advance and security deposits (28,000) (254,600)
Deferred revenue 375,100 616,200
Net cash provided by operating activities 33,700,000 35,231,400
INVESTING ACTIVITIES:    
Purchase of property and equipment (194,900) (284,700)
Net cash used for investing activities (194,900) (284,700)
FINANCING ACTIVITIES:    
Payments on notes payable (3,187,500) (3,187,500)
Proceeds from exercises of stock options 2,715,000 3,154,200
Dividends paid (9,132,100) (7,997,900)
Net cash used for financing activities (9,604,600) (8,031,200)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 23,900,500 26,915,500
Cash, cash equivalents and restricted cash, beginning of period 13,386,500 13,680,600
Cash, cash equivalents and restricted cash, end of period $ 37,287,000 $ 40,596,100