| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 10,375,000 | 7,498 |
| Depreciation and amortization | 1,915,000 | 1,302 |
| (gain) on sale of property and equipment | 0 | 0 |
| Allowance for credit losses | 36,000 | 198 |
| Stock compensation | 13,000 | 10 |
| Settlement of restricted stock | 0 | - |
| Deferred taxes | -10,000 | -10 |
| Accounts receivable - billed | 6,076,000 | 11,091 |
| Accounts receivable - unbilled | 69,000 | -87 |
| Inventories | 1,213,000 | 508 |
| Prepaid expenses and other assets | 874,000 | 828 |
| Refundable income taxes | 0 | - |
| Accounts payable - trade | 1,044,000 | 781 |
| Accrued expenses and other liabilities | 26,000 | 7 |
| Deferred revenue | 3,938,000 | 3,698 |
| Accrued compensation | 340,000 | 24 |
| Accrued income taxes | 1,119,000 | 134 |
| Customer deposits | 1,150,000 | 1,098 |
| Net cash provided by (used in) operating activities | 11,714,000 | 2,400 |
| Purchases of property and equipment | 5,382,000 | 2,515 |
| Proceeds from the sale of property and equipment | 0 | - |
| Net cash provided by (used in) investing activities | -5,382,000 | -2,515 |
| Repayments of long-term borrowings | 504,000 | 332 |
| Net cash provided by (used in) financing activities | -504,000 | -332 |
| Net increase (decrease) in cash | 5,828,000 | -447 |
| Cash and cash equivalents at beginning of period | 7,548,000 | - |
| Cash and cash equivalents at end of period | 13,376,000 | - |
SMITH MIDLAND CORP (SMID)
SMITH MIDLAND CORP (SMID)