CHICAGO RIVET & MACHINE CO
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 28, 2024
CVR$9.30-3.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| CHICAGO RIVET & MACHINE CO. | ||
|---|---|---|
| Consolidated Statements of Cash Flows | ||
| Year Ended December 31, 2023 | Year Ended December 31, 2022 | |
| Cash Flows from Operating Activities: | ||
| Net Income (Loss) | $ (4,401,584) | $ 2,867,629 |
| Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities: | ||
| Depreciation and Amortization | 1,275,078 | 1,279,870 |
| Gain on the Sale of Property and Equipment | (50,422) | (4,741,096) |
| Deferred Income Taxes | (1,273,027) | 22,000 |
| Changes in Operating Assets and Liabilities: | ||
| Accounts Receivable, net | 699,255 | 672,847 |
| Contract Assets | (118,301) | 0 |
| Inventories, net | 1,793,577 | (601,450) |
| Other Current Assets and Prepaid Income Taxes | (28,983) | (585,190) |
| Accounts Payable | 91,739 | 4,600 |
| Accrued Wages and Salaries | 52,568 | (47,000) |
| Other Accrued Expenses | (197,998) | (38,457) |
| Unearned Revenue and Customer Deposits | 226,462 | (98,707) |
| Net Cash Used in Operating Activities | (1,931,636) | (1,264,954) |
| Cash Flows from Investing Activities: | ||
| Capital Expenditures | (1,078,367) | (969,943) |
| Proceeds from the Sale of Property and Equipment | 50,422 | 5,043,240 |
| Proceeds from Short-Term Investments | 2,691,000 | 1,495,000 |
| Purchases of Short-Term Investments | (1,771,120) | (1,445,000) |
| Net Cash Provided by (Used In) Investing Activities | (108,065) | 4,123,297 |
| Cash Flows from Financing Activities: | ||
| Cash Dividends Paid | (618,325) | (850,196) |
| Net Cash Used in Financing Activities | (618,325) | (850,196) |
| Net Increase (Decrease) in Cash and Cash Equivalents | (2,658,026) | 2,008,147 |
| Cash and Cash Equivalents: | ||
| Beginning of Year | 4,045,101 | 2,036,954 |
| End of Year | $ 1,387,075 | $ 4,045,101 |
| Cash Paid for Income Taxes | $ - | $ 1,271,679 |
| The accompanying notes are an integral part of the Consolidated Financial Statements. | ||
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