| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Gain on sale of fixed assets | NaN | 20,000 | 0 | 0 |
| Net income | 1,339,000 | 2,131,000 | 10,367,502 | 7,498 |
| Depreciation and amortization | 951,000 | 972,000 | 1,913,698 | 1,302 |
| Allowance for credit losses | 112,000 | -627,000 | 35,802 | 198 |
| Stock compensation | 15,000 | 46,000 | 12,990 | 10 |
| Settlement of restricted stock | NaN | NaN | 0 | NaN |
| Inventory reserve | NaN | -22,000 | NaN | NaN |
| Deferred taxes | 0 | 976,000 | -9,990 | -10 |
| Accrued compensation | NaN | NaN | 339,976 | 24 |
| Accounts receivable - billed | 936,000 | 1,141,000 | 6,064,909 | 11,091 |
| Accounts receivable - unbilled | 663,000 | -223,000 | 69,087 | -87 |
| Prepaid expenses and other assets | NaN | NaN | 873,172 | 828 |
| Inventories | 289,000 | -984,000 | 1,212,492 | 508 |
| Prepaid expenses and other assets | NaN | 747,000 | NaN | NaN |
| Refundable income taxes | NaN | 0 | 0 | NaN |
| Prepaid expenses | -137,000 | NaN | NaN | NaN |
| Accounts payable - trade | 1,966,000 | -602,000 | 1,043,219 | 781 |
| Accrued expenses and other liabilities | -702,000 | 431,000 | 25,993 | 7 |
| Deferred revenue | 864,000 | 418,000 | 3,934,302 | 3,698 |
| Accrued compensation | 245,000 | 394,000 | NaN | NaN |
| Accrued income taxes | 421,000 | -1,055,000 | 1,118,866 | 134 |
| Customer deposits | -330,000 | -308,000 | 1,148,902 | 1,098 |
| Net cash provided by (used in) operating activities | 3,130,000 | 2,587,000 | 11,711,600 | 2,400 |
| Purchases of property and equipment | 1,630,000 | 3,956,000 | 5,379,485 | 2,515 |
| Proceeds from sale of property and equipment | NaN | 20,000 | 0 | NaN |
| Net cash provided by (used in) investing activities | -1,630,000 | -3,936,000 | -5,379,485 | -2,515 |
| Repayments of long-term borrowings | 166,000 | 143,000 | 503,668 | 332 |
| Net cash provided by (used in) financing activities | -166,000 | -143,000 | -503,668 | -332 |
| Net increase (decrease) in cash | 1,334,000 | -1,492,000 | 5,828,447 | -447 |
| Cash and cash equivalents at beginning of period | NaN | NaN | 7,548,000 | NaN |
| Beginning of period | 11,884,000 | -5,828,000 | 13,376,000 | NaN |
| End of period | 13,218,000 | 11,884,000 | NaN | NaN |
SMITH MIDLAND CORP (SMID)
SMITH MIDLAND CORP (SMID)