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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Cash flows from operating activities    
Net income $ 23,628,670 $ 8,798,244
(Income) from discontinued operations (1,234,995) (3,330,564)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 463,204 519,982
Amortization 2,503,060 2,351,502
Gain on sale of discontinued operations (17,265,562) 0
Loss on disposal of property and equipment 1,963 8,197
Contingent consideration adjustment 0 (2,402,843)
Amortization of deferred financing fees 156,162 56,109
Interest expense on contingent consideration payable 106,095 210,002
Provision for credit losses 215,958 246,048
Share-based compensation 864,903 841,587
Deferred income taxes, net of acquired deferred tax liability 1,214,901 939,971
Net changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (16,446,581) (13,927,374)
Prepaid expenses 767,789 327,153
Other current assets (257,316) (19,898)
Deposits 1,067,461 (126,232)
Other assets 562,051 281,439
Accrued interest 158,467 46,938
Accounts payable 186,551 117,664
Accrued payroll and expenses 403,514 3,786,984
Other current liabilities (2,352,156) 18,977
Income taxes receivable and payable (165,028) (1,268,928)
Operating leases (77,901) (109,846)
Other long-term liabilities (58,331) (84,663)
Net cash used in continuing operating activities (5,557,121) (2,719,551)
Net cash provided by discontinued operating activities (2,273,708) 5,074,421
Net cash used in continuing operating activities (7,830,829) 2,354,870
Cash flows from investing activities    
Business acquired, net of cash received 0 (3,780,000)
Business sold 30,312,751 0
Capital expenditures (4,679,953) (1,531,884)
Proceeds from the sale of property and equipment 0 5,158
Net cash provided by (used in) continuing investing activities 25,632,798 (5,306,726)
Net cash used in discontinued investing activities (25,755) (34,505)
Net cash provided by (used in) investing activities 25,607,043 (5,341,231)
Cash flows from financing activities    
Net borrowings under line of credit 14,313,898 7,665,607
Proceeds from issuance of long-term debt 0 0
Principal payments on long-term debt (26,862,500) (1,500,000)
Payments of dividends (4,711,973) (3,316,114)
Issuance of ESPP shares 536,630 154,922
Issuance of shares, net of offering costs (1,189) (18,054)
Contingent consideration paid (1,110,000) 0
Deferred financing costs (53,184) 0
Net cash (used in) provided by continuing financing activities (17,888,318) 2,986,361
Net change in cash and cash equivalents (112,104) 0
Cash and cash equivalents, beginning of period 112,104 0
Cash and cash equivalents, end of period 0 0
Supplemental cash flow information:    
Cash paid for interest, net 113,355 563,280
Cash paid for taxes, net of refunds $ 6,572,497 $ 2,187,334