v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,066,917 $ 249,528
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 159,876 129,303
Gain on sale of equipment (4,700) (2,200)
Provision for credit losses 35,130 (70,980)
Changes in assets and liabilities:    
(Increase)/decrease in accounts receivables 228,051 (232,989)
(Increase)/decrease in inventories (707,984) (471,001)
(Increase)/decrease in deferred tax asset 44,753 227,829
(Increase)/decrease in inventory finance notes receivable (406,554) 2,147,818
(Increase)/decrease in construction loan receivable   693,257
(Increase)/decrease in prepayments and other (51,993) (12,017)
Increase/(decrease) in accounts payable 332,086 235,999
Increase/(decrease) in income tax payable 6,639 (208,447)
Increase/(decrease) in accrued warranties 125,000 20,000
Increase/(decrease) in accrued expenses 158,430 752,014
CASH FLOW PROVIDED BY OPERATING ACTIVITIES 985,651 3,458,114
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (222,014) (116,180)
Proceeds from sale of property, plant and equipment 15,200 2,200
CASH FLOW (USED IN) INVESTING ACTIVITIES (206,814) (113,980)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of long-term debt (94,200) (94,200)
Proceeds from revolving credit loans   4,600,000
Repayments of revolving credit loans   (6,956,799)
Purchases of treasury stock   (24,534)
CASH FLOW (USED IN) FINANCING ACTIVITIES (94,200) (2,475,533)
NET INCREASE IN CASH 684,637 868,601
CASH, Beginning 4,116,101 3,107,213
CASH, Ending 4,800,738 3,975,814
Cash paid during the period for:    
Interest 29,747 73,361
Taxes $ 453,490 $ 178,158