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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 601,217 $ 859,635
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation 640,848 660,489
Loss on disposal of equipment 0 16,081
Deferred income taxes (46,000) (72,000)
Changes in operating assets and liabilities    
Accounts receivable (1,194,243) (746,528)
Inventories (1,095,593) (1,903,375)
Other current assets (78,145) 64,595
Accounts payable 382,910 576,083
Accrued wages and salaries 235,473 394,494
Other accrued expenses 91,825 19,635
Unearned revenue and customer deposits (75,713) (169,245)
Net cash used in operating activities (537,421) (300,136)
Cash flows from investing activities    
Capital expenditures (211,703) (345,213)
Proceeds from certificates of deposit 0 3,337,000
Purchases of certificates of deposit 0 (598,000)
Net cash provided by (used in) investing activities (211,703) 2,393,787
Cash flows from financing activities    
Cash dividends paid (425,098) (425,098)
Net cash used in financing activities (425,098) (425,098)
Net increase (decrease) in cash and cash equivalents (1,174,222) 1,668,553
Cash and cash equivalents at beginning of period 2,036,954 2,567,731
Cash and cash equivalents at end of period $ 862,732 $ 4,236,284