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Condensed Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Cash flows from operating activities    
Net income $ 2,248,547 $ 11,946,921
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization of property, machinery and equipment 2,919,066 2,773,922
Stock-based compensation 171,461 142,920
Restricted stock expense 67,678 31,918
Impairment of goodwill 0  
Deferred income tax expense (benefit) 194,704 (92,925)
Gain on extinguishment of long-term debt   (6,282,973)
Amortization of intangible assets 470,904 173,610
Amortization of financing fees 169,482 37,208
Loss from disposal or sale of machinery and equipment 13,673 9,618
Changes in operating assets and liabilities, net of acquisition    
Accounts receivable (6,437,933) (16,341,244)
Inventories (11,151,049) (35,078,520)
Prepaid expenses and other assets 3,104,483 468,470
Refundable and prepaid income taxes 593,140 (108,655)
Income taxes payable 403,956 100,033
Trade accounts payable (15,703,401) 24,062,801
Operating lease liabilities (1,667,995) (1,287,382)
Accrued expenses and wages (1,260,991) 2,407,671
Deferred revenue 2,026,825 6,366,871
Net cash used in operating activities (23,837,450) (10,669,736)
Cash flows from investing activities    
Purchases of machinery and equipment (271,997) (3,107,854)
Advances on notes receivable   (3,962,000)
Net cash used in investing activities (271,997) (7,069,854)
Cash flows from financing activities    
Proceeds from the exercise of common stock options   426,552
Proceeds under equipment notes 416,728 1,159,275
Payments under finance lease and sale leaseback agreements (764,377) (952,597)
Payments under equipment notes (539,383) (527,004)
Payments under building notes payable (6,017,979) (238,889)
Borrowings under term loan agreement 40,000,000  
Payments under term loan agreement (250,000)  
Borrowings under revolving line of credit 245,043,994 208,787,919
Payments under revolving line of credit (252,957,625) (191,986,249)
Payments of debt financing costs (1,487,901) (18,300)
Net cash provided by financing activities 23,443,457 16,650,707
Change in cash and cash equivalents (665,990) (1,088,883)
Cash and cash equivalents at beginning of period 3,054,643 3,509,229
Cash and cash equivalents at end of period 2,388,653 2,420,346
Supplementary disclosures of cash flow information    
Cash paid for interest 2,480,985 649,607
Cash paid for income taxes 567,282 2,382,322
Purchase of machinery and equipment financed under finance leases 1,599,456 1,558,579
Financing of insurance policy $ 73,868 295,052
Gain on extinguishment of long-term debt   $ 6,282,973