XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
May 31, 2021
May 31, 2020
Cash flows from operations:    
Net (loss) $ (251,148) $ (1,238,913)
Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities:    
Stock based compensation 141,799 152,752
Decrease in obsolete inventory reserves (144,933) (191,997)
Gain on disposal of property, plant, and equipment (7,998) 8,306
Depreciation and amortization expense 308,267 459,436
Accrued interest on deferred debt payments 8,416
Change in allowance for doubtful accounts 9,939 10,478
Deferred income taxes (74,192) (332,417)
Changes in assets and liabilities:    
Accounts receivable (24,231) (483,894)
Inventories (1,088,928) (562,207)
Net investment in sales-type leases 17,235 76,180
Other assets (284,598) (142,341)
Accounts payable (276,807) (8,121)
Contracts in progress, net (346,797) 744,382
Customer deposits 786,985 119,949
Income taxes payable 3,900
Accrued expenses (116,948) 69,630
Net cash (used in) operating activities (1,340,039) (1,318,777)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (318,958) (412,294)
Net proceeds from sale of assets 8,000 5,000
Net cash used in investing activities (310,958) (407,294)
Cash flows from financing activities:    
Net change in line of credit (1,729,000) (552,000)
Proceeds from term debt 1,242,900
Repayment of term debt (44,998) (42,490)
Repurchases of common stock (30,471) (26,536)
Net cash provided by financing activities 1,653,531 1,725,874
Net increase in cash 2,534 (197)
Cash at beginning of period 2,684 3,145
Cash at end of period 5,218 2,948
Supplemental disclosures of cash flow information:    
Interest 110,180 138,280
Income taxes $ 2,869 $ 30,394