v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Operating Activities    
Net income $ 640,130 $ 1,943,689
Less: Income from discontinued operations 0 36,878
Income from continuing operations 640,130 1,906,811
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,651,228 1,513,054
Acquisition related expenses 0 21,039
Reduction in carrying amount of ROU assets 728,742 718,693
Unrecognized pension and postretirement benefit (362,852) (13,898)
Loss on sale of equipment and other assets 14,145 0
Provision for doubtful accounts 20,228 11,000
Stock compensation benefit (141,858) (23,078)
Changes in operating assets and liabilities:    
Accounts receivable (2,422,752) 2,015,269
Inventories 3,333,609 (137,403)
Prepaid expenses and other (993,363) (695,563)
Other assets (8,524) 171,271
Accounts payable 1,040,932 560,951
Accrued compensation 310,638 (1,256,224)
Change in operating lease liability (728,742) (718,693)
Other accrued expenses 397,772 (5,921,413)
Net cash provided by (used in) operating activities 3,479,333 (1,848,184)
Investing Activities    
Marketable securities 0 (309,385)
Acquisition 0 (421,039)
Payments received from notes receivable 5,000 14,545
Proceeds from sale of equipment 3,500 0
Purchases of property, plant, and equipment (867,330) (849,396)
Net cash used in investing activities (858,830) (1,565,275)
Financing Activities    
Payments on short term borrowings (revolver) 0 0
Principal payments on long-term debt (1,015,894) (750,000)
Financing leases, net (236,277) (126,990)
Purchase common stock for treasury (422,355) (1,400,804)
Dividends paid (664,755) (675,053)
Net cash used in financing activities (2,339,281) (2,952,847)
Discontinued Operations    
Cash provided by operating activities 0 389,947
Cash used in financing activities 0 (6,347)
Cash provided by discontinued operations 0 383,600
Effect of exchange rate changes on cash (76,520) 218,620
Net change in cash and cash equivalents 204,702 (5,764,086)
Cash and cash equivalents at beginning of period 7,412,019 14,843,530
Cash and cash equivalents at end of period 7,616,721 9,079,444
Supplemental disclosure of cash flow information:    
Interest 511,863 671,762
Income taxes 184,573 427,318
Non-cash investing and financing activities    
Right of use asset 765,544 3,784,982
Lease liability $ 581,034 $ 3,650,676