XML 14 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 8,308,000 $ 8,315,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,752,000 2,589,000
Amortization of intangible assets 1,877,000 1,880,000
Non-cash lease adjustment (39,000) (22,000)
Stock compensation expense 1,630,000 1,826,000
Provision for credit losses 16,000 367,000
Provision for excess and obsolete inventory 140,000  
Amortization of deferred financing costs 30,000 30,000
Changes in operating assets and liabilities:    
Accounts receivable (1,553,000) (5,269,000)
Inventories (3,281,000) 582,000
Prepaid expenses and other assets 1,225,000 (750,000)
Accounts payable (2,644,000) (5,091,000)
Other accrued liabilities 1,618,000 1,147,000
Total adjustments 1,771,000 (2,711,000)
Net cash provided by operating activities 10,079,000 5,604,000
Cash flows from investing activities:    
Purchase of property, plant and equipment (9,753,000) (5,452,000)
Acquisition of Elite First Aid   (6,141,000)
Contingent payment related to the acquisition of Safety Made   (750,000)
Net cash used in investing activities (9,753,000) (12,343,000)
Cash flows from financing activities:    
Net borrowings of long-term debt 631,000 8,894,000
Tax withholding on net share settlement of stock options (355,000) (1,024,000)
Cash settlement of stock options (681,000) (379,000)
Repayments on mortgage (310,000) (312,000)
Proceeds from issuance of common stock 698,000 1,383,000
Distributions to shareholders (1,735,000) (1,659,000)
Net cash (used in) provided by financing activities (1,752,000) 6,903,000
Effect of exchange rate changes on cash and cash equivalents 173,000 (8,000)
Net change in cash and cash equivalents (1,253,000) 156,000
Cash and cash equivalents at beginning of period 6,399,000 5,546,000
Cash and cash equivalents at end of period 5,146,000 5,702,000
Supplemental cash flow information:    
Cash paid for income taxes 340,000 1,922,000
Cash paid for interest $ 1,178,000 $ 1,443,000