XML 30 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Operating Activities    
Net (loss) income $ (8,529,217) $ 8,585,002
Less: Loss from discontinued operations (21,744,741) (3,195,349)
Net income from continuing operations 13,215,524 11,780,351
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,888,050 5,367,316
Reduction in carrying amount of ROU assets (2,883,273) (3,114,396)
Unrecognized pension and postretirement benefits (1,613,436) 47,550
Loss on sale of equipment and other assets (162,918) (894,941)
Provision for doubtful accounts 2,430 62,893
Stock compensation expense 1,492,150 364,694
Deferred taxes (4,700,137) (760,756)
Changes in operating assets and liabilities:    
Accounts receivable (1,322,130) 6,722,108
Inventories 3,126,444 6,126,178
Prepaid expenses and other 1,790,094 300,549
Other assets (236,304) (12,431)
Accounts payable (4,000,280) (1,967,097)
Accrued compensation 244,229 569,247
Change in operating lease liability 2,883,289 3,142,624
Other accrued expenses 5,336,482 (3,979,914)
Net cash provided by operating activities 19,386,050 25,543,857
Investing Activities    
Marketable securities (956,728) (986,477)
Business acquisition 0 (444,840)
Payments received from notes receivable 499,811 2,334,852
Proceeds from sale of building and equipment 2,278,540 0
Purchases of property, plant and equipment (9,709,673) (5,544,914)
Net cash used in investing activities (7,888,050) (4,641,379)
Financing Activities    
Proceeds from short term borrowings (revolver) 3,000,000 0
Principal payments on short-term borrowings (revolver) (1,750,000) (300,029)
Proceeds from new long-term debt refinancing 0 60,000,000
Principal payments on long-term debt (3,087,289) (79,737,707)
Financing leases, net 2,801,516 636,927
Purchase common stock for treasury (3,057,841) (735,783)
Dividends paid (2,730,281) (2,765,686)
Net cash used in financing activities (4,823,895) (22,902,278)
Discontinued Operations    
Cash provided by operating activities 1,165,057 938,204
Cash used in investing activities (583,242) (788,918)
Cash provided by discontinued operations 581,815 149,286
Effect of exchange rate changes on cash (711,844) (37,555)
Net change in cash and cash equivalents 6,544,076 (1,888,069)
Cash and cash equivalents at beginning of year 8,299,453 10,187,522
Cash and cash equivalents at end of year 14,843,529 8,299,453
Supplemental disclosure of cash flow information:    
Interest 3,224,798 3,388,347
Income taxes 5,166,195 6,608,084
Non-cash investing and financing activities    
Right of use asset (2,883,273) 5,018,928
Lease liability $ 36,569 $ (4,981,696)