UNITED GUARDIAN INC
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
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FY2024 · Filed Mar 21, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $3,250,875 | $2,581,370 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 95,885 | 105,682 |
| Gain on sale of asset | --- | (10,000) |
| Net gain on marketable securities | (26,989) | (81,095) |
| Allowance for credit losses | (2,330) | (3,391) |
| Allowance for obsolete inventory | (14,208) | (17,000) |
| Deferred income taxes | (124,467) | 59,614 |
| Decrease (increase) in operating assets: | ||
| Accounts receivable | 140,714 | (135,872) |
| Inventories | (214,281) | 465,506 |
| Prepaid expenses and other current assets | (16,096) | 10,138 |
| Prepaid income taxes | (2,797) | 9,008 |
| Increase (decrease) in operating liabilities: | ||
| Accounts payable | 290,554 | 104,034 |
| Accrued expenses | 104,889 | 40,988 |
| Deferred revenue | (15,498) | 15,498 |
| Net cash provided by operating activities | 3,466,251 | 3,144,480 |
| Cash flows from investing activities: | ||
| Acquisitions of property, plant and equipment | (433,077) | (165,716) |
| Proceeds from sale of asset | --- | 10,000 |
| Purchases of marketable securities | (8,459,318) | (621,852) |
| Proceeds from sales of marketable securities | 1,815,000 | 5,505,145 |
| Net cash (used in) provided by investing activities | (7,077,395) | 4,727,577 |
| Cash flows from financing activities: | ||
| Dividends paid | (2,756,323) | (459,387) |
| Net cash used in financing activities | (2,756,323) | (459,387) |
| Net (decrease) increase in cash and cash equivalents | (6,367,467) | 7,412,670 |
| Cash and cash equivalents, beginning of year | 8,243,122 | 830,452 |
| Cash and cash equivalents, end of year | $1,875,655 | $8,243,122 |
| Supplemental disclosure of cash flow information | ||
| Taxes paid | $1,050,795 | $600,000 |
| Supplemental disclosure of non-cash items: | ||
| Dividends payable | $268 | $45 |
**NOTES TO FINANCIAL STATEMENTS
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