v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Operating Activities    
Net income $ 6,289,415 $ 5,383,854
Less: Income from discontinued operations 0 1,180,739
Income from continuing operations 6,289,415 4,203,115
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,209,318 3,178,318
Bargain purchase gain (6,529,299) 0
Reduction in carrying amount of ROU assets 1,276,927 1,502,376
Unrecognized pension and postretirement benefit (1,211,007) (397,676)
(Gain) loss on sale of equipment (64,661) 38,479
Provision for doubtful accounts 54,828 14,000
Stock compensation expense 188,134 289,126
Changes in operating assets and liabilities:    
Accounts receivable (4,974,987) (2,271,343)
Inventories 920,744 1,886,960
Prepaid expenses and other (947,631) (314,221)
Other assets (144,699) 124,859
Accounts payable 8,968,808 2,511,193
Accrued compensation 642,535 (445,105)
Operating lease liability (1,276,927) (1,502,376)
Other accrued expenses 5,635,050 (6,908,197)
Net cash provided by operating activities 12,036,548 1,909,508
Investing Activities    
Marketable securities (32,825) (2,222,059)
Acquisition (8,041,927) (421,039)
Payments received from notes receivable 5,000 14,545
Proceeds from sale of equipment 3,500 800
Proceeds from sale of discontinued operations 0 1,593,646
Purchases of property, plant, and equipment (1,482,339) (1,599,780)
Net cash (used in) provided by investing activities (9,548,591) 1,810,231
Financing Activities    
Proceeds from long-term debt 8,000,000 0
Proceeds from promissory note 785,000 0
Principal payments on long-term debt (1,000,000) (5,919,065)
Financing leases, net (442,282) (393,352)
Purchase common stock for treasury (827,873) (2,123,705)
Dividends paid (1,327,007) (1,347,951)
Net cash used in financing activities 5,187,838 (9,784,073)
Effect of exchange rate changes on cash 20,950 331,115
Net change in cash and cash equivalents 7,696,745 (5,733,219)
Cash and cash equivalents at beginning of period 7,412,019 14,843,530
Cash and cash equivalents at end of period 15,108,764 9,110,311
Supplemental disclosure of cash flow information:    
Interest 1,099,963 1,683,412
Income taxes 694,933 1,679,091
Non-cash investing and financing activities    
Right of use asset 205,983 3,050,510
Lease liability $ 104,836 $ 2,836,158