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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
May 01, 2021
May 02, 2020
Cash flows from operating activities:    
Net income $ 2,790,703 $ 2,950,145
Adjustments to reconcile net income to net cash provide by operating activities:    
Depreciation 94,815 78,906
Deferred income taxes 19,182 33,794
Undistributed earnings in joint venture—Majestic 21 (25,757) (40,270)
(Increase) Decrease in fair market value of equity investments (203,759) 180,526
Stock-based compensation 36,930 1,812
Amortization of operating lease right of use assets 20,739 17,840
Decrease (increase) in:    
Accounts receivable—trade (1,027,542) 857,602
Inventories (884,425) 44,142
Pre-owned homes (69,794) (363,729)
Prepaid expenses and other current assets (622,655) 143,771
Interest receivable (14,118) (93,420)
Income tax receivables 105,676  
(Decrease) increase in:    
Accounts payable 357,411 (357,779)
Accrued compensation 36,216 (226,639)
Accrued expenses and other current liabilities 100,709 (688,836)
Income taxes payable 219,456 (1,983,950)
Customer deposits 5,047,191 (1,373,367)
Net cash provide by (used in) operating activities 5,980,978 (819,452)
Cash flows from investing activities:    
Purchase of property, plant and equipment (1,870,893) (248,655)
Purchase of certificates of deposit   (20,000)
Proceeds from certicates of deposit 2,496,000  
Collections on interest receivable 31,620 50,998
Collections on mortgage notes receivable 1,363 1,308
Collections on equipment and other notes receivable 13,460 33,986
Issuance of mobile home park note receivable (2,481)  
Increase in cash surrender value of life insurance (89,100) (96,000)
Net cash provided by (used in) investing activities 579,969 (278,363)
Cash flows from financing activities:    
Payment of cash dividend (3,632,100) (3,630,970)
Proceeds from excerise of employee stock options 15,125  
Purchase of treasury stock (10,553) (822,450)
Reduction of operating lease obligation (11,503) (6,270)
Net cash used in financing activities (3,639,031) (4,459,690)
Increase (decrease) in cash and cash equivalents 2,921,916 (5,557,505)
Cash and cash equivalents at beginning of year 30,305,902 22,533,965
Cash and cash equivalents at end of period 33,227,818 16,976,460
Supplemental disclosure of cash flows information:    
Income taxes paid $ 535,000 $ 2,965,000