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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net income (loss) $ (1,822,388) $ 1,513,219
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 351,215 326,014
Amortization of right-of-use assets 55,641 51,257
Share-based compensation expense 240,584 227,148
Deferred tax asset (19,955)
Loss on disposition of rental fleet 2,806
Loss on sale or disposition of assets 3,013
Amortization of deferred loan cost 4,519 3,087
Changes in operating assets and liabilities:    
Accounts receivable 314,414 (718,533)
Inventories 10,825 (167,601)
Prepaid expenses and other current assets (47,565) (1,954)
Accounts payable, accrued expenses, and other liabilities 578,315 (262,804)
Income tax payable 24,626 75,547
Net cash provided by (used in) operating activities (303,950) 1,045,380
Cash Flows From Investing Activities    
Purchases of property, plant and equipment (122,483) (1,567,524)
Proceeds from the sale of assets 5,310
Proceeds from recovery of related party note receivable 350,262
Net cash used in investing activities (117,173) (1,217,262)
Cash Flows from Financing Activities    
Principal payments on debt (241,985) (213,905)
Proceeds received from debt borrowings 72,706
Payments on revolving loan (472,089)
Proceeds received from revolving loan 655,754
Net cash used in financing activities (169,279) (30,240)
Net decrease in cash (590,402) (202,122)
Cash at beginning of period 2,670,626 2,158,025
Cash at end of period 2,080,224 1,955,903
Supplemental information:    
Cash paid for interest 192,461 151,107
Property, plant and equipment in accounts payable 34,942 381,064
Disposal of asset held for sale 216,000
Right of use assets obtained in exchange for lease obligations $ 19,478