v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 6,404,000 $ 6,089,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,766,000 1,712,000
Amortization of intangible assets 1,258,000 1,231,000
Non-cash lease adjustment (10,000) (26,000)
Stock compensation expense 787,000 882,000
Provision for credit losses 12,000 263,000
Provision for excess and obsolete inventory 140,000  
Amortization of deferred financing costs 20,000 20,000
Changes in operating assets and liabilities:    
Accounts receivable (7,764,000) (13,942,000)
Inventories (362,000) (329,000)
Prepaid expenses and other assets 370,000 63,000
Accounts payable 1,056,000 (1,731,000)
Other accrued liabilities (679,000) 2,498,000
Total adjustments (3,406,000) (9,359,000)
Net cash provided by (used in) operating activities 2,998,000 (3,270,000)
Cash flows from investing activities:    
Purchase of property, plant and equipment (2,973,000) (4,101,000)
Acquisition of Elite First Aid   (6,141,000)
Contingent payment related to the acquisition of Safety Made   (750,000)
Net cash used in investing activities (2,973,000) (10,992,000)
Cash flows from financing activities:    
Net borrowings of long-term debt (1,266,000) 13,302,000
Tax withholding on net share settlement of stock options (355,000) (45,000)
Cash settlement of stock options (568,000) (296,000)
Repayments on mortgage (205,000) (209,000)
Proceeds from issuance of common stock 602,000 972,000
Distributions to shareholders (1,171,000) (1,105,000)
Net cash (used in) provided by financing activities (2,963,000) 12,619,000
Effect of exchange rate changes on cash and cash equivalents 180,000 (112,000)
Net change in cash and cash equivalents (2,758,000) (1,755,000)
Cash and cash equivalents at beginning of period 6,399,000 5,546,000
Cash and cash equivalents at end of period 3,641,000 3,791,000
Supplemental cash flow information:    
Cash paid for income taxes 206,000 230,000
Cash paid for interest $ 778,000 $ 896,000