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Condensed Consolidated Statements Of Cash Flows - USD ($)
3 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Cash flows from operating activities    
Net income $ 1,376,675 $ 8,796,716
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Depreciation and amortization of property, machinery and equipment 1,470,433 1,356,277
Stock-based compensation 94,893 20,035
Restricted stock expense 49,873 13,357
Deferred income tax expense (benefit) 110,324 (38,794)
Gain on extinguishment of long-term debt   (6,282,973)
Amortization of intangible assets 235,762 87,122
Amortization of financing fees 79,520 18,606
Loss from disposal or sale of machinery and equipment 13,576 9,497
Changes in operating assets and liabilities, net of acquisition    
Accounts receivable (10,952,899) (4,970,625)
Inventories (11,340,800) (15,064,587)
Prepaid expenses and other assets 805,622 482,233
Refundable and prepaid income taxes (77,448) (58,948)
Income taxes payable 209,040 560,544
Trade accounts payable (754,874) 14,590,175
Operating lease liabilities (768,542) (521,016)
Accrued expenses and wages (1,763,440) 848,620
Deferred revenue 3,085,492 1,748,379
Net cash (used in) provided by operating activities (18,126,793) 1,594,618
Cash flows from investing activities    
Purchases of machinery and equipment (369,415) (2,901,827)
Advances on notes receivable   (1,862,000)
Net cash used in investing activities (369,415) (4,763,827)
Cash flows from financing activities    
Payments under finance lease and sale leaseback agreements (353,258) (494,730)
Payments under equipment notes (278,138) (261,863)
Payments under building notes payable (6,006,127) (119,365)
Borrowings under term loan agreement 40,000,000  
Borrowings under revolving line of credit 123,016,860 93,348,538
Payments under revolving line of credit (135,200,692) (89,462,832)
Payments of debt financing costs (1,290,907) (163,188)
Net cash provided by financing activities 19,887,738 2,846,560
Change in cash and cash equivalents 1,391,530 (322,649)
Cash and cash equivalents at beginning of period 3,054,643 3,509,229
Cash and cash equivalents at end of period 4,446,173 3,186,580
Supplementary disclosures of cash flow information    
Cash paid for interest 792,971 296,405
Cash paid for income taxes 242,633 293,707
Purchase of machinery and equipment financed under finance leases 825,826 709,877
Financing of insurance policy $ 99,768 65,706
Gain on extinguishment of long-term debt   $ 6,282,973