XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Aug. 27, 2017
Aug. 28, 2016
Aug. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (814,297) $ 173,048 $ 997,068
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property and equipment 1,798,853 1,832,393 1,986,513
Amortization 8,651 4,011 4,010
Net tax benefits related to share based compensation (15,885)
Gain on sale of property, plant and equipment (15,000)
Deferred taxes (487,667) (369,555) (98,553)
Impairment of equipment 147,502
Stock option compensation 301,726 165,013 235,208
Decrease (increase) in:      
Accounts receivable 1,084,458 (838,289) 2,978,242
Inventories (84,167) 2,904,194 (2,184,679)
Prepaid and other current assets 207,842 255,813 (314,365)
Increase (decrease) in accounts payable and accrued expenses 966,348 (1,133,697) (346,849)
Net cash provided by operating activities 3,129,249 2,977,931 3,240,710
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of equipment 15,000
Additions to property, plant, and equipment (806,345) (392,311) (192,009)
Net cash used in investing activities (806,345) (377,311) (192,009)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of long-term debt 3,700,000
Payment of long-term debt (5,125,959) (1,527,381) (1,691,560)
Net tax benefits related to share based compensation 15,885
Restricted cash requirement 1,250,000 (1,250,000)
Deferred financing costs (39,336)
Issuance of common stock 8,520
Dividends paid (233,560) (465,337)
Net cash used in financing activities (215,295) (3,010,941) (2,132,492)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,107,609 (410,321) 916,209
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 3,739,324 4,149,645 3,233,436
CASH AND CASH EQUIVALENTS AT END OF YEAR 5,846,933 3,739,324 4,149,645
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest 273,199 309,357 346,604
Payroll withholding taxes in cashless stock option exercise 30,088 30,887
Income taxes 5,900 468,735
Noncash investing and financing activities:      
Acquisition of machinery through debt 1,391,890
Cash received during the year for income tax refunds $ 137,040 $ 398,750