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Condensed Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Cash flows from operating activities    
Net (loss) income $ (273,808) $ 1,022,208
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization of property, machinery and equipment 2,529,756 2,456,156
Amortization of right-of-use operating lease assets 1,064,327 1,080,505
Restricted stock expense 15,229  
Deferred income tax expense (147,816) 20,982
Amortization of intangible assets 177,424 181,750
Amortization of financing fees 76,248 55,498
Loss from disposal or sale of machinery and equipment 141,245 17,598
Changes in operating assets and liabilities    
Accounts receivable 6,171,838 1,516,504
Inventories 3,239,189 14,164,330
Prepaid expenses and other assets (423,910) (43,197)
Refundable and prepaid income taxes 301,268 220,427
Income taxes payable (66,904) (17,485)
Trade accounts payable (11,288,257) (10,673,778)
Operating lease liabilities 104,135 459,112
Accrued expenses and wages 1,911,747 932,247
Net cash provided by operating activities 3,531,711 11,392,857
Cash flows from investing activities    
Purchases of machinery and equipment (2,470,920) (588,334)
Advances on other receivables (2,612,300)  
Net cash used in investing activities (5,083,220) (588,334)
Cash flows from financing activities    
Proceeds under equipment notes 2,397,015  
Payments of contingent consideration   (57,537)
Payments under finance lease and sale leaseback agreements (1,011,945) (1,162,402)
Payments under equipment notes (283,684) (205,850)
Payments under building notes payable (160,983) (140,000)
Borrowings under revolving line of credit 164,562,061 170,235,836
Payments under revolving line of credit (165,448,281) (176,963,048)
Payments of debt financing costs (326,081) (46,866)
Net cash used in financing activities (271,898) (8,339,867)
Change in cash and cash equivalents (1,823,407) 2,464,656
Cash and cash equivalents at beginning of period 6,779,445 1,005,810
Cash and cash equivalents at end of period 4,956,038 3,470,466
Supplementary disclosures of cash flow information    
Cash paid for interest 624,959 1,053,706
Cash paid for income taxes 134,355 391,949
Purchase of machinery and equipment financed under finance leases   671,446
Financing of insurance policy $ 302,074 $ 54,000