Cash flow showed good improvement as per FreeEdgar:
------------------------
1997 1996 1995
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Cash flows from operating activities:
Net earnings (loss)....................................... $ 1,367,323 (929,043) 271,043
Adjustments to reconcile net earnings (loss) to net cash
provided by (used in) operating activities:
Depreciation and amortization........................... 1,398,539 467,458 68,101
Deferred Income Taxes................................... (9,477) -- --
Changes in assets and liabilities:
(Increase) decrease in trade accounts receivable...... (109,258) (371,417) 87,665
(Increase) decrease in inventories.................... (386,583) 101,962 (171,109)
Decrease (increase) in prepaid and other current
assets............................................. 135,544 (470,218) 132,774
Decrease in notes receivable and other assets......... (126,015) -- (10,107)
(Decrease) increase in accounts payable and accrued
expenses........................................... (1,107,840) 1,038,602 (234,911)
Increase (decrease) in income taxes................... 255,606 (161,228) 118,733
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Net cash provided by (used in) operating
activities....................................... 1,417,839 (323,884) 262,189
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Cash flows from investing activities:
Acquisition of distribution route......................... (2,767) -- --
Decrease in short-term investments........................ -- -- 789,116
Acquisition of property, building and equipment........... (498,308) (1,885,245) (1,685,893)
Escrow advance -- Hansen's Juices, Inc.................... -- (150,000) --
Acquisition costs......................................... (48,570) (293,000) --
Acquisition of cash....................................... 112,245 82,834 --
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Net cash used in investing activities.............. (437,400) (2,245,411) (896,777)
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Cash flows from financing activities:
Proceeds from note payable................................ 95,000 705,000 --
Purchase of treasury stock................................ (1,969) -- (9,933)
Proceeds from long-term debt.............................. -- 1,100,000 1,100,000
Payments on long-term debt................................ (753,894) (1,100,000) --
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Net cash (used in) provided by financing
activities....................................... (660,863) 705,000 1,090,067
Net increase (decrease) in cash and cash
equivalents...................................... 319,576 (1,864,295) 455,479
Cash and cash equivalents at beginning of year.............. 133,768 1,998,063 1,542,584
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Cash and cash equivalents at end of year.................... $ 453,344 133,768 1,998,063
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Supplemental cash flow and noncash investing and financing
activities information:
Income taxes paid......................................... $ 312,797 53,914 53,318
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Interest paid............................................. $ 532,712 129,735 16,542
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Fair valued of assets acquired.............................. $ 6,897,875 8,691,518 --
Debt and liabilities assumed................................ 5,811,676 2,481,518 --
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Fair value of common stock and warrants issued.............. $ 1,086,199 6,210,000 --
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Non cash investing activities:
Acquired notes receivable................................. 89,442 -- --
Acquired property, plant and equipment.................... 58,169 -- --
Deferred tax assets change................................ 125,189 -- --
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