Schmitt industries inc (SMIT)
CashFlow / TTM
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10
Cash flows relating to operating activities
Net income (loss)

4,287,944

3,943,924

-829,363

-1,210,990

-716,342

-225,600

132,918

210,639

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,445,756

-

-956,996

-674,461

-340,514

-93,669

-344,185

-247,921

-341,282

-539,624

-746,189

-865,186

-806,589

-539,882

-169,612

34,113

60,541

77,421

129,663

-74,798

44,270

-205,383

0

0

0

Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization

178,331

182,651

189,105

188,348

180,010

189,568

199,706

205,239

210,337

213,290

217,685

219,082

223,281

229,063

234,724

245,824

252,204

253,820

257,131

266,572

275,984

292,939

314,744

328,293

341,627

349,377

349,303

347,715

348,209

349,450

347,655

344,553

339,421

336,423

336,649

340,689

0

0

0

Loss on disposal of property and equipment

-65,020

-65,020

12,000

0

0

0

0

-

-

-

-

7,223

7,223

16,899

17,808

299

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

18,014

0

0

0

-

-

-

-

Stock based compensation

415,667

278,236

161,038

94,621

13,847

18,484

34,566

50,336

103,286

105,136

91,694

79,765

28,524

35,713

45,437

58,198

71,181

84,054

84,915

72,574

65,397

59,267

47,096

57,726

64,675

69,718

87,735

89,888

117,373

144,791

171,890

199,396

323,318

283,132

243,051

202,603

0

0

0

(Increase) decrease in:
Accounts receivable

-239,199

-440,290

162,556

-24,538

209,066

86,597

-217,465

-311,433

-235,302

293,027

173,112

272,506

315,741

-671,385

-648,160

-548,650

-436,774

12,489

308,369

455,905

332,788

380,556

144,549

224,309

19,279

59,291

-250,802

-510,531

234,227

-239,240

448,798

686,578

520

780,034

655,194

652,700

0

0

0

Inventories

-587,737

-523,378

-518,822

-96,610

582,568

1,187,870

1,588,200

1,494,009

1,069,238

297,485

-74,855

-478,532

-397,120

-104,331

-89,567

192,509

105,285

-136,475

-8,784

-205,399

201,203

139,155

-4,706

-292,594

-233,551

233,242

845,135

1,082,931

329,322

267,510

-508,185

-159,002

578,075

380,045

819,639

483,802

0

0

0

Prepaid expenses

-76,116

-19,533

36,672

3,119

69,371

12,359

-10,134

32,463

-28,512

-42,300

19,518

-14,267

46,301

13,615

-32,928

-20,737

-32,198

26,158

18,035

3,701

26,274

-19,644

-33,401

-69,201

-16,904

-7,261

-8,091

33,509

33,173

2,931

20,183

20,529

-87,378

-58,455

-51,826

-26,055

0

0

0

Income taxes receivable

-

-

-

-

-

-

-

-7,310

-4,941

-1,165

-3,024

-1,122

3,598

38

3,867

7,403

-186

115

-94

-310

-16,414

-19,883

-46,419

-46,756

3,142

-1,873

42,231

40,315

-5,102

13,870

1,032

7,780

917

-13,308

-21,181

-21,570

0

0

0

Increase (decrease) in:
Accounts payable

-526,645

-655,621

-497,489

-523,410

361,978

80,039

-47,087

-78,049

21,102

710,321

346,067

230,242

179,510

-94,585

-4,344

46,787

46,651

-79,322

113,974

326,899

81,536

129,419

86,430

-411,954

-182,367

-45,446

-192,636

149,574

133,746

-143,634

-367,360

-66,729

-67,911

-2,544

473,051

169,772

0

0

0

Accrued liabilities and customer deposits

499,703

518,521

-160,681

22,743

-154,120

-132,226

-57,609

-187,897

175,452

154,469

35,901

181,795

-798

-199,330

-57,347

-24,604

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities and customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-141,923

-142,895

-181,021

-80,183

-58,609

104,534

214,459

185,863

0

0

0

-

-

-

0

Income taxes payable

62,788

69,100

9,662

-3,502

-3,465

0

4,472

3,993

0

0

0

-

-

-

0

-

-

-

3,540

-210

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities - continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-482,056

-

-523,963

-409,935

-169,317

390,146

-111,941

66,048

205,727

-392,376

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

649,239

828,662

-222,586

-716,613

-871,032

-1,621,038

-1,089,934

-1,002,849

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

509,103

-497,978

-423,511

-559,429

0

0

0

Cash flows relating to investing activities
Purchases of property and equipment

30,055

15,646

1,223

6,473

4,674

5,517

6,139

8,467

12,590

16,513

15,624

52,633

48,510

48,107

48,107

3,520

51,214

53,577

58,054

66,627

73,232

67,806

64,422

56,192

25,718

34,654

120,989

175,835

159,942

158,674

164,220

277,045

346,739

457,691

379,540

227,620

0

0

0

Proceeds from the sale of property and equipment

12,000

12,000

12,000

0

0

0

0

-

-

-

-

52,535

52,535

20,085

35,035

14,950

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

47,180

0

0

0

-

-

-

-

Net cash provided by (used in) investing activities - continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-13,072

-

-18,764

-21,127

-40,554

-49,127

-73,232

-48,306

-44,922

-36,692

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

10,395,841

10,303,250

10,777

-6,473

-4,674

-5,517

-4,639

-6,967

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-295,555

-406,507

-341,155

-223,616

0

0

0

Cash flows relating to financing activities
Payments on long-term liabilities

-

0

18,092

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400,000

400,000

400,000

400,000

0

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by Financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities - total

-1,378,948

41,921

47,074

52,122

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Effect of foreign exchange translation on cash

72,358

-4,840

11,651

26,866

-2,299

10,009

-19,993

-132,287

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash, cash equivalents and restricted cash

9,738,490

11,168,993

-153,084

-644,098

-821,205

769,483

1,271,463

1,243,926

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign exchange translation on cash

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,463

-

25,528

-12,852

-28,999

-55,930

-59,619

-37,396

-1,271

19,062

1,708

5,508

-16,741

-13,090

-31,711

-39,978

-42,433

-56,431

-31,934

-24,605

-31,512

-4,465

0

0

0

Decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-489,665

-

-517,199

-443,914

-238,870

285,089

-233,292

-408,154

-228,966

-398,506

-454,029

-546,686

-1,109,120

-867,746

-390,228

341,933

394,705

16,311

295,678

-887,460

-794,148

-785,480

0

0

0

Supplemental disclosure of cash flow information
Cash paid during the period for income taxes

10,717

13,074

26,378

29,940

29,713

29,494

18,417

14,661

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash paid during the period for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

0

0

28,899

-

23,171

19,248

12,468

9,978

9,355

9,278

7,474

8,989

11,448

23,346

38,031

39,635

38,092

25,998

10,270

19,476

0

0

0

-

-

-

-

Cash paid during the period for interest

5,610

14,133

13,970

12,160

9,272

1,078

1,251

1,401

1,669

2,041

2,827

2,982

3,390

3,330

2,847

2,988

2,768

2,903

3,036

3,452

3,490

3,914

8,551

9,159

8,378

7,178

1,733

0

0

0

0

-

-

-

-

-

-

-

-