UNITED GUARDIAN INC
For the period ended Dec 31, 2023. Filed Mar 22, 2024.
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FY2023 · Filed Mar 22, 2024
UG$8.85+31.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
| Years ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net income | $2,581,370 | $2,569,512 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 105,682 | 135,396 |
| (Gain) loss on sale of asset | (10,000) | 2,445 |
| Net (gain) loss on marketable securities | (81,095) | 1,046,245 |
| Allowance for credit losses | (3,391) | (189) |
| Allowance for obsolete inventory | (17,000) | 29,000 |
| Deferred income taxes | 59,614 | (193,766) |
| (Increase) decrease in operating assets: | ||
| Accounts receivable | (135,872) | 385,959 |
| Inventories | 465,506 | (290,223) |
| Prepaid expenses and other current assets | 10,138 | (9,267) |
| Prepaid income taxes | 9,008 | (185,228) |
| Increase (decrease) in operating liabilities: | ||
| Accounts payable | 104,034 | (380,479) |
| Accrued expenses | 40,988 | (305,334) |
| Deferred revenue | 15,498 | (190,164) |
| Income taxes payable | --- | (88,738) |
| Net cash provided by operating activities | 3,144,480 | 2,525,169 |
| Cash flows from investing activities: | ||
| Acquisitions of property, plant and equipment | (165,716) | (75,179) |
| Proceeds from sale of asset | 10,000 | 37,039 |
| Purchases of marketable securities | (621,852) | (1,931,969) |
| Proceeds from sales of marketable securities | 5,505,145 | 2,867,671 |
| Net cash provided by investing activities | 4,727,577 | 897,562 |
| Cash flows from financing activities: | ||
| Dividends paid | (459,387) | (3,123,492) |
| Net cash used in financing activities | (459,387) | (3,123,492) |
| Net increase in cash and cash equivalents | 7,412,670 | 299,239 |
| Cash and cash equivalents, beginning of year | 830,452 | 531,213 |
| Cash and cash equivalents, end of year | $8,243,122 | $830,452 |
| Supplemental disclosure of cash flow information | ||
| Taxes paid | $600,000 | $1,125,000 |
| Supplemental disclosure of non-cash items: | ||
| Dividends payable | $45 | $645 |
**NOTES TO FINANCIAL STATEMENTS
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