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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Operating Activities    
Net income $ 1,943,689 $ 1,947,572
Less: Income (Loss) from discontinued operations 36,878 (187,845)
Net income from continuing operations 1,906,811 2,135,417
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,513,054 1,876,125
Acquisition related expenses 21,039 0
Reduction in carrying amount of ROU assets 3,784,982 (775,502)
Unrecognized pension and postretirement (benefit) expense (13,898) 445,218
Loss on sale of equipment and other assets 0 37,330
Provision for doubtful accounts 11,000 (23,000)
Stock compensation (benefit) expense (23,078) 513,737
Changes in operating assets and liabilities:    
Accounts receivable 2,015,269 (6,383,857)
Inventories (137,403) 3,262,289
Prepaid expenses and other (695,563) (8,763)
Other assets 171,271 21,711
Accounts payable 560,951 2,278,476
Accrued compensation (1,256,224) (803,709)
Change in operating lease liability (3,784,982) 775,502
Other accrued expenses (5,921,413) (568,247)
Net cash (used in) provided by operating activities (1,848,184) 2,782,727
Investing Activities    
Marketable securities (309,385) (999,960)
Acquisition (421,039) 0
Payments received from notes receivable 14,545 0
Proceeds from sale of equipment 0 18,000
Purchases of property, plant, and equipment (849,396) (1,711,560)
Net cash used in investing activities (1,565,275) (2,693,520)
Financing Activities    
Payments on short term borrowings (revolver) 0 (7,662)
Principal payments on long-term debt (750,000) (792,467)
Financing leases, net (126,990) (26,618)
Purchase common stock for treasury (1,400,804) (234,800)
Dividends paid (675,053) (683,065)
Net cash used in financing activities (2,952,847) (1,744,612)
Discontinued Operations    
Cash provided by operating activities 389,947 803,130
Cash used in investing activities 0 (65,395)
Cash used in financing activities (6,347) (4,619)
Cash provided by discontinued operations 383,600 733,116
Effect of exchange rate changes on cash 218,620 (20,720)
Net change in cash and cash equivalents (5,764,086) (943,009)
Cash and cash equivalents at beginning of period 14,843,530 8,299,453
Cash and cash equivalents at end of period 1 9,079,444 7,356,444
Supplemental disclosure of cash flow information:    
Interest 671,762 831,462
Income taxes 427,318 230,523
Non-cash investing and financing activities    
Right of use asset 3,784,982 (715,323)
Lease liability $ 224,769 $ 215,690