v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 311,390 $ 329,248
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 208,288 197,049
Amortization of loan closing costs net of additions 382,356 (175,977)
Amortization of stock options 24,915 19,982
Deferred income taxes 98,334 160,789
(Increase) decrease in:    
Accounts receivable 36,559 (48,507)
Inventories (31,102) (16,390)
Prepaid expenses 169,939 (36,246)
Other assets (29,963) (30,021)
Decrease in operating lease assets 439,737 408,609
Decrease in operating lease liabilities (465,515) (428,001)
(Increase) decrease in:    
Accounts payable and accrued expenses (18,057) 216,448
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,126,881 596,983
INVESTING ACTIVITIES    
Purchase of property and equipment (74,825) (63,247)
NET CASH USED IN INVESTING ACTIVITIES (74,825) (63,247)
FINANCING ACTIVITIES    
Principal payment on Corbel loan (5,853,180) (608,334)
Repayments of Subordinated Debt (575,000)  
Purchase of all outstanding warrants (500,000)  
Exercise of warrant to buy stock 45,000  
New Senior Loan net of cost of financing 6,392,628  
NET CASH USED BY FINANCING ACTIVITIES (490,552) (608,334)
Increase (decrease) in cash 561,504 (74,598)
Cash at beginning of period 533,670 710,227
Cash at end of period 1,095,174 635,629
Supplemental schedule of investing and financing activities    
Cash paid for interest $ 444,463 $ 483,132