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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operations    
Net income $ 3,471,718 $ 4,130,026
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 705,832 690,525
Provision for credit losses 240,166 173,196
Deferred taxes (45,383) 875,426
Non-cash lease expense 985,996 946,598
Changes in operating assets and liabilities:    
Accounts receivable 2,732,769 78,053
Inventories (3,633,741) 2,762,524
Prepaid expenses 159,517 (75,838)
Other assets (18,609) 202,788
Accounts payable (31,919) (96,789)
Accrued expenses (643,856) (121,843)
Operating leases (1,010,247) (947,070)
Other liabilities 90,019 65,948
Net cash provided by operations 3,002,262 2,748,490
Investing    
Purchase of property and equipment (965,525) (1,300,871)
Purchase of intangible assets (296,496) 0
Investment in notes receivable (2,983) (578,250)
Net cash (used in) by investing (1,265,004) (722,621)
Financing    
Payments on notes payable (626,625) (620,242)
Purchase of treasury stock (1,620,485) 194,820
Net cash (used in) financing (2,247,110) (815,062)
Net change in cash and cash equivalents (509,852) 1,210,807
Cash and cash equivalents, beginning of period 17,853,853 17,169,969
Cash and cash equivalents, end of period 17,344,001 18,380,776
Cash paid during the period for:    
Interest 284,796 233,495
Income taxes $ 1,352,525 $ 162,000