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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operations    
Net income $ 1,907,539 $ 2,526,317
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 343,565 354,351
Provision for credit losses 45,869 (13,091)
Deferred taxes (17,491) 348,256
Non-cash lease expense 462,882 473,881
Changes in operating assets and liabilities:    
Accounts receivable 3,168,236 (328,487)
Inventories (2,476,259) (350,053)
Prepaid expenses (214,242) (47,847)
Other assets 4,700 (228,959)
Accounts payable 621,060 (612,651)
Accrued expenses (110,762) (208,762)
Operating leases (473,535) (473,535)
Other liabilities 530,159 1,484,605
Net cash provided by operations 3,791,721 2,924,025
Investing    
Purchase of property and equipment (448,242) (8,728)
Purchase of intangible assets (193,167) 0
Investment in note receivable (3,383) 578,250
Net cash used in investing (644,792) 569,522
Financing    
Payments on notes payable (311,769) (310,807)
Purchase of treasury stock (905,146) 0
Net cash used in financing (1,216,915) (310,807)
Net change in cash and cash equivalents 1,930,014 3,182,740
Cash and cash equivalents, beginning of period 17,853,853 17,169,969
Cash and cash equivalents, end of period 19,783,867 20,352,709
Cash paid during the period for:    
Interest 178,674 116,061
Income taxes $ 0 $ 0