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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net Income $ 540,128 $ 56,568
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 330,165 337,356
Loss on disposal of equipment 16,081 0
Deferred income taxes (31,000) (24,000)
Changes in operating assets and liabilities:    
Accounts receivable (1,706,441) (894,369)
Inventories (1,158,666) (227,204)
Other current assets 84,901 (225)
Accounts payable 668,880 437,728
Accrued wages and salaries 204,563 (15,892)
Other accrued expenses 189,160 (115,663)
Unearned revenue and customer deposits (43,724) (44,338)
Net cash used in operating activities (905,953) (490,039)
Cash flows from investing activities:    
Capital expenditures (116,463) (166,667)
Proceeds from certificates of deposit 1,743,000 2,241,000
Purchases of certificates of deposit 0 (1,743,000)
Net cash provided by investing activities 1,626,537 331,333
Cash flows from financing activities:    
Cash dividends paid (212,549) (212,549)
Net cash used in financing activities (212,549) (212,549)
Net increase (decrease) in cash and cash equivalents 508,035 (371,255)
Cash and cash equivalents at beginning of period 2,567,731 1,429,454
Cash and cash equivalents at end of period 3,075,766 1,058,199
Supplemental schedule of non-cash investing activities:    
Capital expenditures in accounts payable $ 0 $ 1,330