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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operations    
Net income $ 5,156,757 $ 5,837,519
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 1,120,611 1,028,238
Provision for credit losses 260,898 400,493
Deferred taxes (4,481) 1,385,651
Non-cash lease expense 1,525,870 1,418,928
Changes in operating assets and liabilities:    
Accounts receivable 3,668,782 (1,385,580)
Inventories (5,927,057) (4,295,072)
Prepaid expenses 332,013 165,863
Other assets (104,188) (55,600)
Accounts payable (535,530) 162,899
Accrued expenses (170,678) (56,828)
Operating leases (1,585,642) (1,420,605)
Other liabilities 2,712,409 284,085
Net cash provided by operations 6,449,764 3,469,991
Investing    
Purchase of property and equipment (2,955,024) (1,563,612)
Purchase of intangible assets (302,693)  
Investment in notes receivable (3,000) 578,250
Acquisition, Kretchmer Transaction   (100,000)
Net cash (used in) investing (3,260,717) (1,085,362)
Financing    
Payments on notes payable (941,706) (930,858)
Purchase of treasury stock (2,348,995) (1,318,351)
Net cash (used in) financing (3,290,701) (2,249,209)
Net change in cash and cash equivalents (101,654) 135,420
Cash and cash equivalents, beginning of period 17,853,853 17,169,969
Cash and cash equivalents, end of period 17,752,199 17,305,389
Cash paid during the period for:    
Interest 385,285 349,747
Income taxes 1,862,525 196,165
Noncash investing and financing activities    
Kretchmer Transaction measurement period adjustment, addition to intangible assets, reduction to goodwill 27,500  
Kretchmer Transaction measurement period adjustment, addition to property and equipment, reduction to goodwill 122,500  
Kretchmer Transaction amendment, reduction to notes payable, reduction to goodwill $ 150,000  
Kretchmer Transaction, addition to notes payable, addition to goodwill   $ 200,000