Splish Brothers Inc. follows IFRS and has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. Comparative SFP accounts of Splish Brothers Inc., and its statement of income for the year ending December 31, 2020, follow:

		December 31
		2020				2019				Change
Cash		$46,000				$51,000				$(5,000	)
Cash equivalents (Note 1)		38,000				46,400				(8,400	)
Accounts receivable		349,000				280,000				69,000
Prepaid insurance		15,300				31,900				(16,600	)
Inventory		399,000				363,000				36,000
Supplies		13,000				17,000				(4,000	)
Long-term investment, at equity (Note 7)		415,000				402,800				12,200
Land (Note 6)		638,000				513,000				125,000
Buildings (Note 3)		1,310,000				1,280,000				30,000
Accumulated depreciation—buildings		(400,000	)			(360,000	)			(40,000	)
Equipment (Note 4)		630,000				637,900				(7,900	)
Accumulated depreciation—equipment		(160,000	)			(135,000	)			(25,000	)
Patent		100,000				100,000				–0–
Accumulated amortization		(40,000	)			(35,000	)			(5,000	)
		$3,353,300				$3,193,000				$160,300
Bank overdrafts (temporary)		$0				$87,400				$(87,400	)
Accounts payable		168,000				159,000				9,000
Income tax payable		26,000				35,000				(9,000	)
Accrued liabilities		58,000				49,000				9,000
Dividends payable		18,000				48,000				(30,000	)
Long-term notes payable		420,000				460,000				(40,000	)
Bonds payable		999,000				995,000				4,000
Preferred shares (Note 2)		486,000				380,000				106,000
Common shares		747,000				677,000				70,000
Retained earnings		431,300				302,600				128,700
		$3,353,300				$3,193,000				$160,300

Income Statement

Revenues
	Sales revenue		$992,000
	Investment income		90,000		$1,082,000
Expenses and Losses
	Cost of goods sold		310,000
	Sales commissions expense		105,000
	Operating expenses (Note 5)		166,000
	Salaries and wages expense		104,000
	Interest expense		99,000
	Loss on disposal of equipment (Note 4)		11,000
	Income tax expense		96,000		891,000
Net Income					$191,000

The following is additional information about Splish Brothers’s transactions during the year ended December 31, 2020.

1.		The cash equivalents are typically term deposits that are very liquid and mature on average in 60 days. The bank overdrafts are temporary and reverse within a few days. Splish Brothers has opted to show these as cash and cash equivalents on its statement of cash flows.
2.		During the year, preferred shares with a carrying amount of $18,000 were converted to common shares.
3.		There were no disposals of buildings during the year 2020.
4.		Equipment with an original cost of $46,000 and carrying amount of $14,000 was sold at a loss during the year.
5.		All depreciation and amortization expense is included in operating expenses.
6.		During the year, Splish Brothers obtained land with a fair value of $100,000 in exchange for its preferred shares.
7.		Investment income includes the equity earnings of $62,000 from a long-term investment accounted for using the equity method and from interest revenue on the short-term investments referred to in note 1 above.

Prepare the statement of cash flows for the year ended December 31, 2020, for Splish Brothers Inc. using the indirect method. Prepare any additional disclosure notes that are required, including a table that shows the details of the cash and cash equivalents accounts at the end of each period. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Do not leave any answer field blank. Enter 0 for amounts.)

Splish Brothers Inc. Statement of Cash Flows (Indirect Method)                                                                        For the month ended December 31, 2020December 31, 2020For the year ended December 31, 2020
Net Cash Provided by Financing ActivitiesIncrease in Cash and Cash EquivalentsCash Flows from Operating ActivitiesCash and Cash Equivalents Balance Dec. 31, 2020Decrease in Cash and Cash EquivalentsCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Cash Provided by Operating ActivitiesCash and Cash Equivalents Balance Dec. 31, 2019Net Cash Used by Financing ActivitiesNet Cash Used by Investing Activities
Increase in Prepaid InsuranceIncome Taxes PaidDecrease in Accounts PayableDecrease in Accrued LiabilitiesLand Obtained for Preferred SharesPurchase of BuildingIncrease in SuppliesDividends Received from AssociateProceeds from Sale of EquipmentPurchase of EquipmentDepreciation Expense - EquipmentIncrease in InventorySale of EquipmentDecrease in Accounts ReceivableEquity in Earnings of AssociateDecrease in Income Tax PayableDividends PaidGain on Sale of EquipmentNet Income / (Loss)Decrease in SuppliesIncrease in Accrued LiabilitiesDecrease in Prepaid InsuranceIncrease in Accounts ReceivableIncrease in Accounts PayablePurchase of LandProceeds from Issuance of Preferred SharesSale of BuildingRepayment of Short-term Notes PrincipalAmortization Expense - PatentDecrease in InventoryRepayment of Long-term Notes PrincipalProceeds from Issuance of Common SharesSale of LandLoss on Sale of EquipmentAmortization of Bond DiscountDepreciation Expense - BuildingsInterest Paid				$
Amortization Expense - PatentDecrease in Prepaid InsuranceProceeds from Issuance of Preferred SharesAmortization of Bond DiscountDividends Received from AssociateLand Obtained for Preferred SharesDecrease in Accounts PayableDecrease in Accrued LiabilitiesEquity in Earnings of AssociateRepayment of Long-term Notes PrincipalIncrease in SuppliesGain on Sale of EquipmentPurchase of BuildingDepreciation Expense - BuildingsDecrease in InventoryDividends PaidIncrease in Accounts PayableRepayment of Short-term Notes PrincipalPurchase of EquipmentIncrease in Accounts ReceivableSale of LandProceeds from Issuance of Common SharesIncrease in Accrued LiabilitiesSale of BuildingLoss on Sale of EquipmentDecrease in Accounts ReceivableSale of EquipmentNet Income / (Loss)Purchase of LandProceeds from Sale of EquipmentIncrease in InventoryInterest PaidDepreciation Expense - EquipmentIncome Taxes PaidDecrease in SuppliesDecrease in Income Tax PayableIncrease in Prepaid Insurance
Adjustments to reconcile net income to net cash provided by operating activities:
Repayment of Long-term Notes PrincipalDecrease in Accounts ReceivableDecrease in SuppliesProceeds from Issuance of Preferred SharesSale of EquipmentDividends Received from AssociateDecrease in InventoryIncrease in InventoryIncrease in SuppliesAmortization of Bond DiscountIncrease in Accrued LiabilitiesIncome Taxes PaidProceeds from Sale of EquipmentPurchase of LandDepreciation Expense - BuildingsIncrease in Accounts ReceivableDecrease in Prepaid InsuranceEquity in Earnings of AssociateLoss on Sale of EquipmentIncrease in Prepaid InsuranceDividends PaidDecrease in Accrued LiabilitiesProceeds from Issuance of Common SharesSale of LandNet Income / (Loss)Gain on Sale of EquipmentInterest PaidPurchase of BuildingPurchase of EquipmentSale of BuildingDecrease in Accounts PayableIncrease in Accounts PayableRepayment of Short-term Notes PrincipalLand Obtained for Preferred SharesAmortization Expense - PatentDecrease in Income Tax PayableDepreciation Expense - Equipment		$
Proceeds from Issuance of Preferred SharesSale of EquipmentSale of BuildingDecrease in SuppliesAmortization Expense - PatentPurchase of LandDecrease in InventoryRepayment of Long-term Notes PrincipalDecrease in Accrued LiabilitiesInterest PaidNet Income / (Loss)Purchase of BuildingPurchase of EquipmentIncrease in Accrued LiabilitiesRepayment of Short-term Notes PrincipalAmortization of Bond DiscountDecrease in Income Tax PayableEquity in Earnings of AssociateLand Obtained for Preferred SharesIncome Taxes PaidDividends PaidDividends Received from AssociateGain on Sale of EquipmentDepreciation Expense - EquipmentIncrease in Accounts PayableProceeds from Issuance of Common SharesProceeds from Sale of EquipmentDecrease in Accounts ReceivableDepreciation Expense - BuildingsIncrease in SuppliesLoss on Sale of EquipmentIncrease in Prepaid InsuranceDecrease in Prepaid InsuranceSale of LandIncrease in Accounts ReceivableDecrease in Accounts PayableIncrease in Inventory
Amortization of Bond DiscountProceeds from Issuance of Common SharesIncrease in Accounts ReceivableIncome Taxes PaidIncrease in InventoryAmortization Expense - PatentDecrease in Accounts ReceivableSale of LandPurchase of EquipmentInterest PaidRepayment of Long-term Notes PrincipalNet Income / (Loss)Increase in SuppliesDividends Received from AssociateDepreciation Expense - BuildingsDecrease in InventoryDividends PaidPurchase of LandLoss on Sale of EquipmentRepayment of Short-term Notes PrincipalProceeds from Sale of EquipmentIncrease in Accounts PayableEquity in Earnings of AssociateLand Obtained for Preferred SharesDecrease in Accounts PayableDecrease in Income Tax PayableDepreciation Expense - EquipmentDecrease in SuppliesSale of BuildingIncrease in Prepaid InsuranceProceeds from Issuance of Preferred SharesIncrease in Accrued LiabilitiesGain on Sale of EquipmentDecrease in Accrued LiabilitiesSale of EquipmentDecrease in Prepaid InsurancePurchase of Building
Proceeds from Issuance of Common SharesDecrease in Income Tax PayableIncrease in Accounts ReceivableNet Income / (Loss)Proceeds from Issuance of Preferred SharesPurchase of BuildingIncome Taxes PaidInterest PaidLoss on Sale of EquipmentProceeds from Sale of EquipmentDividends Received from AssociateDecrease in InventoryIncrease in Accounts PayableRepayment of Short-term Notes PrincipalDecrease in Accrued LiabilitiesRepayment of Long-term Notes PrincipalSale of BuildingDecrease in Accounts PayableDividends PaidPurchase of LandSale of LandGain on Sale of EquipmentIncrease in InventoryIncrease in Accrued LiabilitiesIncrease in Prepaid InsuranceAmortization of Bond DiscountDecrease in SuppliesEquity in Earnings of AssociateAmortization Expense - PatentDepreciation Expense - EquipmentSale of EquipmentIncrease in SuppliesDepreciation Expense - BuildingsDecrease in Prepaid InsuranceDecrease in Accounts ReceivablePurchase of EquipmentLand Obtained for Preferred Shares
Purchase of LandProceeds from Sale of EquipmentDecrease in SuppliesSale of EquipmentIncrease in InventoryPurchase of BuildingRepayment of Short-term Notes PrincipalAmortization of Bond DiscountPurchase of EquipmentDecrease in Accounts ReceivableSale of LandGain on Sale of EquipmentIncrease in Prepaid InsuranceLand Obtained for Preferred SharesDividends Received from AssociateIncome Taxes PaidLoss on Sale of EquipmentIncrease in Accounts PayableDecrease in Accrued LiabilitiesDecrease in InventoryIncrease in SuppliesNet Income / (Loss)Sale of BuildingIncrease in Accounts ReceivableInterest PaidIncrease in Accrued LiabilitiesDecrease in Income Tax PayableDecrease in Accounts PayableDividends PaidDepreciation Expense - BuildingsRepayment of Long-term Notes PrincipalAmortization Expense - PatentProceeds from Issuance of Preferred SharesProceeds from Issuance of Common SharesEquity in Earnings of AssociateDepreciation Expense - EquipmentDecrease in Prepaid Insurance
Sale of LandProceeds from Issuance of Preferred SharesIncrease in Prepaid InsurancePurchase of EquipmentPurchase of BuildingNet Income / (Loss)Repayment of Short-term Notes PrincipalDividends PaidIncrease in Accounts PayableSale of EquipmentLoss on Sale of EquipmentDecrease in Accounts ReceivableAmortization Expense - PatentDecrease in Accrued LiabilitiesDepreciation Expense - EquipmentPurchase of LandIncrease in InventoryIncrease in SuppliesEquity in Earnings of AssociateDecrease in Prepaid InsuranceDepreciation Expense - BuildingsDecrease in Accounts PayableProceeds from Sale of EquipmentDecrease in SuppliesAmortization of Bond DiscountIncrease in Accrued LiabilitiesRepayment of Long-term Notes PrincipalDividends Received from AssociateDecrease in InventorySale of BuildingLand Obtained for Preferred SharesDecrease in Income Tax PayableProceeds from Issuance of Common SharesInterest PaidGain on Sale of EquipmentIncrease in Accounts ReceivableIncome Taxes Paid
Land Obtained for Preferred SharesPurchase of EquipmentDecrease in Accounts PayableDecrease in Accrued LiabilitiesDecrease in Accounts ReceivableIncrease in SuppliesDepreciation Expense - EquipmentDepreciation Expense - BuildingsSale of LandIncrease in Accounts ReceivableDecrease in InventoryDecrease in Prepaid InsuranceProceeds from Issuance of Common SharesRepayment of Long-term Notes PrincipalDividends Received from AssociateInterest PaidGain on Sale of EquipmentIncrease in Accounts PayableProceeds from Issuance of Preferred SharesRepayment of Short-term Notes PrincipalAmortization of Bond DiscountSale of BuildingDecrease in SuppliesIncrease in InventoryDividends PaidIncrease in Accrued LiabilitiesIncrease in Prepaid InsuranceAmortization Expense - PatentEquity in Earnings of AssociateSale of EquipmentProceeds from Sale of EquipmentDecrease in Income Tax PayableLoss on Sale of EquipmentPurchase of LandPurchase of BuildingIncome Taxes PaidNet Income / (Loss)
Decrease in Income Tax PayableSale of LandIncrease in Accounts PayableIncrease in SuppliesPurchase of EquipmentDecrease in SuppliesDecrease in Accounts PayableProceeds from Issuance of Common SharesIncrease in InventoryEquity in Earnings of AssociateIncrease in Prepaid InsuranceSale of BuildingIncome Taxes PaidAmortization of Bond DiscountProceeds from Sale of EquipmentSale of EquipmentDecrease in Accrued LiabilitiesProceeds from Issuance of Preferred SharesLand Obtained for Preferred SharesRepayment of Short-term Notes PrincipalInterest PaidLoss on Sale of EquipmentDepreciation Expense - BuildingsPurchase of BuildingGain on Sale of EquipmentAmortization Expense - PatentDecrease in Accounts ReceivableNet Income / (Loss)Purchase of LandIncrease in Accounts ReceivableDividends PaidDepreciation Expense - EquipmentRepayment of Long-term Notes PrincipalIncrease in Accrued LiabilitiesDecrease in Prepaid InsuranceDecrease in InventoryDividends Received from Associate
Dividends Received from AssociateDecrease in SuppliesPurchase of LandDecrease in Accrued LiabilitiesProceeds from Sale of EquipmentInterest PaidIncrease in Prepaid InsuranceDecrease in Income Tax PayableEquity in Earnings of AssociatePurchase of EquipmentNet Income / (Loss)Sale of BuildingPurchase of BuildingIncrease in Accounts PayableRepayment of Long-term Notes PrincipalIncome Taxes PaidLoss on Sale of EquipmentDecrease in Accounts ReceivableIncrease in SuppliesSale of LandIncrease in Accounts ReceivableDecrease in Prepaid InsuranceRepayment of Short-term Notes PrincipalAmortization of Bond DiscountDecrease in InventoryDepreciation Expense - BuildingsProceeds from Issuance of Preferred SharesAmortization Expense - PatentDepreciation Expense - EquipmentDecrease in Accounts PayableDividends PaidLand Obtained for Preferred SharesProceeds from Issuance of Common SharesSale of EquipmentIncrease in InventoryGain on Sale of EquipmentIncrease in Accrued Liabilities
Purchase of EquipmentEquity in Earnings of AssociateDecrease in Prepaid InsuranceSale of LandIncome Taxes PaidDividends PaidGain on Sale of EquipmentDecrease in Accounts ReceivableIncrease in SuppliesSale of EquipmentProceeds from Issuance of Preferred SharesDividends Received from AssociateRepayment of Short-term Notes PrincipalProceeds from Issuance of Common SharesSale of BuildingIncrease in InventoryDecrease in Income Tax PayableInterest PaidProceeds from Sale of EquipmentPurchase of LandPurchase of BuildingDecrease in SuppliesAmortization of Bond DiscountLand Obtained for Preferred SharesLoss on Sale of EquipmentNet Income / (Loss)Repayment of Long-term Notes PrincipalDecrease in InventoryDecrease in Accounts PayableIncrease in Accrued LiabilitiesAmortization Expense - PatentIncrease in Prepaid InsuranceIncrease in Accounts PayableIncrease in Accounts ReceivableDecrease in Accrued LiabilitiesDepreciation Expense - EquipmentDepreciation Expense - Buildings
Loss on Sale of EquipmentProceeds from Sale of EquipmentDecrease in SuppliesDecrease in Accounts ReceivableIncrease in InventoryProceeds from Issuance of Common SharesProceeds from Issuance of Preferred SharesPurchase of LandIncome Taxes PaidIncrease in SuppliesIncrease in Accounts ReceivableDecrease in Income Tax PayableDecrease in Accounts PayableDividends Received from AssociateRepayment of Long-term Notes PrincipalInterest PaidAmortization of Bond DiscountSale of BuildingPurchase of EquipmentAmortization Expense - PatentDecrease in Prepaid InsuranceDecrease in InventorySale of EquipmentIncrease in Accounts PayableIncrease in Prepaid InsuranceDividends PaidNet Income / (Loss)Depreciation Expense - BuildingsPurchase of BuildingRepayment of Short-term Notes PrincipalDecrease in Accrued LiabilitiesEquity in Earnings of AssociateGain on Sale of EquipmentLand Obtained for Preferred SharesSale of LandIncrease in Accrued LiabilitiesDepreciation Expense - Equipment
Decrease in Prepaid InsuranceAmortization of Bond DiscountDividends PaidRepayment of Long-term Notes PrincipalIncrease in Accrued LiabilitiesDepreciation Expense - EquipmentProceeds from Issuance of Common SharesSale of LandLoss on Sale of EquipmentIncome Taxes PaidDecrease in Accounts PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivableSale of BuildingRepayment of Short-term Notes PrincipalInterest PaidIncrease in InventoryPurchase of BuildingLand Obtained for Preferred SharesPurchase of LandGain on Sale of EquipmentProceeds from Sale of EquipmentDepreciation Expense - BuildingsPurchase of EquipmentIncrease in Accounts PayableDividends Received from AssociateDecrease in Income Tax PayableDecrease in SuppliesDecrease in Accrued LiabilitiesNet Income / (Loss)Amortization Expense - PatentIncrease in Prepaid InsuranceDecrease in InventoryProceeds from Issuance of Preferred SharesIncrease in SuppliesEquity in Earnings of AssociateSale of Equipment
Land Obtained for Preferred SharesSale of EquipmentIncrease in SuppliesDividends PaidDepreciation Expense - BuildingsSale of LandProceeds from Issuance of Preferred SharesDecrease in Income Tax PayableIncrease in Accounts PayablePurchase of LandLoss on Sale of EquipmentDecrease in Accounts PayableGain on Sale of EquipmentDecrease in Prepaid InsuranceIncrease in Accrued LiabilitiesPurchase of BuildingIncrease in Accounts ReceivableRepayment of Long-term Notes PrincipalEquity in Earnings of AssociateDividends Received from AssociateAmortization of Bond DiscountNet Income / (Loss)Sale of BuildingIncrease in InventoryDecrease in SuppliesProceeds from Issuance of Common SharesIncrease in Prepaid InsuranceDepreciation Expense - EquipmentInterest PaidRepayment of Short-term Notes PrincipalDecrease in Accounts ReceivableDecrease in Accrued LiabilitiesDecrease in InventoryAmortization Expense - PatentProceeds from Sale of EquipmentIncome Taxes PaidPurchase of Equipment
Net Cash Used by Investing ActivitiesNet Cash Provided by Financing ActivitiesDecrease in Cash and Cash EquivalentsNet Cash Provided by Investing ActivitiesCash Flows from Operating ActivitiesCash and Cash Equivalents Balance Dec. 31, 2020Cash Flows from Investing ActivitiesIncrease in Cash and Cash EquivalentsCash and Cash Equivalents Balance Dec. 31, 2019Net Cash Used by Operating ActivitiesCash Flows from Financing ActivitiesNet Cash Used by Financing ActivitiesNet Cash Provided by Operating Activities
Cash and Cash Equivalents Balance Dec. 31, 2019Net Cash Used by Financing ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Investing ActivitiesCash and Cash Equivalents Balance Dec. 31, 2020Increase in Cash and Cash EquivalentsNet Cash Used by Operating ActivitiesCash Flows from Investing ActivitiesNet Cash Provided by Investing ActivitiesDecrease in Cash and Cash EquivalentsCash Flows from Financing ActivitiesCash Flows from Operating Activities
Proceeds from Issuance of Common SharesDividends PaidDecrease in SuppliesIncrease in SuppliesIncrease in Accounts ReceivableDecrease in Prepaid InsuranceRepayment of Short-term Notes PrincipalEquity in Earnings of AssociateDecrease in Accounts PayableNet Income / (Loss)Sale of EquipmentPurchase of EquipmentIncrease in Accrued LiabilitiesIncrease in Prepaid InsuranceInterest PaidIncrease in Accounts PayableIncrease in InventoryDecrease in Accounts ReceivableAmortization Expense - PatentPurchase of BuildingDepreciation Expense - BuildingsDividends Received from AssociateGain on Sale of EquipmentLand Obtained for Preferred SharesAmortization of Bond DiscountProceeds from Sale of EquipmentSale of BuildingDecrease in InventoryRepayment of Long-term Notes PrincipalProceeds from Issuance of Preferred SharesDepreciation Expense - EquipmentPurchase of LandDecrease in Income Tax PayableDecrease in Accrued LiabilitiesLoss on Sale of EquipmentIncome Taxes PaidSale of Land		$
Decrease in Prepaid InsuranceDecrease in InventoryDecrease in Accounts ReceivableIncrease in Accounts PayableGain on Sale of EquipmentIncome Taxes PaidLand Obtained for Preferred SharesAmortization Expense - PatentDecrease in Accounts PayableDepreciation Expense - BuildingsDecrease in Accrued LiabilitiesIncrease in Accounts ReceivableDecrease in SuppliesDecrease in Income Tax PayablePurchase of BuildingIncrease in Prepaid InsurancePurchase of LandProceeds from Issuance of Common SharesSale of LandProceeds from Issuance of Preferred SharesDepreciation Expense - EquipmentLoss on Sale of EquipmentDividends Received from AssociatePurchase of EquipmentIncrease in Accrued LiabilitiesRepayment of Long-term Notes PrincipalNet Income / (Loss)Dividends PaidAmortization of Bond DiscountSale of EquipmentProceeds from Sale of EquipmentRepayment of Short-term Notes PrincipalIncrease in SuppliesInterest PaidSale of BuildingIncrease in InventoryEquity in Earnings of Associate
Proceeds from Issuance of Preferred SharesIncrease in Accounts ReceivableLoss on Sale of EquipmentSale of BuildingIncrease in Prepaid InsuranceIncrease in Accounts PayableDecrease in Prepaid InsuranceAmortization Expense - PatentDecrease in Income Tax PayableDecrease in Accrued LiabilitiesPurchase of BuildingIncrease in Accrued LiabilitiesDepreciation Expense - EquipmentDecrease in InventoryDividends Received from AssociateIncrease in SuppliesInterest PaidDecrease in SuppliesRepayment of Long-term Notes PrincipalDividends PaidIncome Taxes PaidDepreciation Expense - BuildingsRepayment of Short-term Notes PrincipalSale of LandEquity in Earnings of AssociateGain on Sale of EquipmentIncrease in InventoryProceeds from Sale of EquipmentPurchase of EquipmentDecrease in Accounts ReceivableSale of EquipmentNet Income / (Loss)Amortization of Bond DiscountLand Obtained for Preferred SharesProceeds from Issuance of Common SharesPurchase of LandDecrease in Accounts Payable
Increase in Accrued LiabilitiesIncrease in InventoryRepayment of Long-term Notes PrincipalDecrease in Accrued LiabilitiesDepreciation Expense - BuildingsSale of BuildingRepayment of Short-term Notes PrincipalIncrease in SuppliesDecrease in Prepaid InsuranceAmortization of Bond DiscountDecrease in Income Tax PayablePurchase of EquipmentIncome Taxes PaidProceeds from Issuance of Common SharesPurchase of BuildingSale of EquipmentProceeds from Sale of EquipmentDividends Received from AssociateEquity in Earnings of AssociateIncrease in Accounts PayableDepreciation Expense - EquipmentAmortization Expense - PatentInterest PaidGain on Sale of EquipmentPurchase of LandSale of LandDecrease in Accounts PayableDecrease in InventoryIncrease in Accounts ReceivableLoss on Sale of EquipmentDecrease in Accounts ReceivableLand Obtained for Preferred SharesProceeds from Issuance of Preferred SharesDecrease in SuppliesDividends PaidNet Income / (Loss)Increase in Prepaid Insurance
Cash and Cash Equivalents Balance Dec. 31, 2019Net Cash Provided by Financing ActivitiesNet Cash Used by Investing ActivitiesCash Flows from Financing ActivitiesNet Cash Used by Financing ActivitiesIncrease in Cash and Cash EquivalentsDecrease in Cash and Cash EquivalentsCash and Cash Equivalents Balance Dec. 31, 2020Net Cash Used by Operating ActivitiesCash Flows from Operating ActivitiesCash Flows from Investing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating Activities
Decrease in Cash and Cash EquivalentsCash Flows from Operating ActivitiesCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesIncrease in Cash and Cash EquivalentsNet Cash Provided by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Provided by Operating ActivitiesCash and Cash Equivalents Balance Dec. 31, 2020Net Cash Used by Operating ActivitiesCash and Cash Equivalents Balance Dec. 31, 2019Net Cash Used by Financing ActivitiesNet Cash Provided by Investing Activities
Interest PaidProceeds from Issuance of Preferred SharesNet Income / (Loss)Decrease in InventoryIncrease in InventoryPurchase of EquipmentIncrease in Accounts ReceivableProceeds from Issuance of Common SharesGain on Sale of EquipmentPurchase of BuildingDividends PaidSale of LandIncrease in Accounts PayablePurchase of LandDividends Received from AssociateSale of BuildingDepreciation Expense - EquipmentLoss on Sale of EquipmentDecrease in Accrued LiabilitiesRepayment of Long-term Notes PrincipalAmortization of Bond DiscountDecrease in Prepaid InsuranceIncome Taxes PaidIncrease in SuppliesIncrease in Accrued LiabilitiesDecrease in Income Tax PayableSale of EquipmentDecrease in SuppliesLand Obtained for Preferred SharesDepreciation Expense - BuildingsProceeds from Sale of EquipmentIncrease in Prepaid InsuranceAmortization Expense - PatentEquity in Earnings of AssociateRepayment of Short-term Notes PrincipalDecrease in Accounts ReceivableDecrease in Accounts Payable
Decrease in InventoryDecrease in SuppliesIncrease in Prepaid InsuranceSale of LandAmortization of Bond DiscountProceeds from Issuance of Preferred SharesIncome Taxes PaidPurchase of EquipmentDividends Received from AssociateAmortization Expense - PatentProceeds from Sale of EquipmentDepreciation Expense - BuildingsSale of BuildingSale of EquipmentIncrease in Accrued LiabilitiesDecrease in Accounts ReceivableProceeds from Issuance of Common SharesDecrease in Income Tax PayablePurchase of LandRepayment of Short-term Notes PrincipalLoss on Sale of EquipmentGain on Sale of EquipmentDecrease in Prepaid InsuranceIncrease in Accounts ReceivableDecrease in Accrued LiabilitiesIncrease in SuppliesIncrease in InventoryPurchase of BuildingLand Obtained for Preferred SharesDepreciation Expense - EquipmentIncrease in Accounts PayableDividends PaidEquity in Earnings of AssociateNet Income / (Loss)Repayment of Long-term Notes PrincipalDecrease in Accounts PayableInterest Paid
Gain on Sale of EquipmentDecrease in Prepaid InsuranceDecrease in Accounts ReceivableDepreciation Expense - EquipmentProceeds from Issuance of Preferred SharesRepayment of Long-term Notes PrincipalAmortization Expense - PatentProceeds from Issuance of Common SharesDecrease in SuppliesProceeds from Sale of EquipmentLand Obtained for Preferred SharesIncome Taxes PaidSale of LandInterest PaidPurchase of LandPurchase of EquipmentDecrease in Accounts PayableSale of EquipmentDecrease in Income Tax PayableIncrease in Accounts ReceivableSale of BuildingIncrease in Prepaid InsuranceNet Income / (Loss)Purchase of BuildingDividends Received from AssociateDepreciation Expense - BuildingsEquity in Earnings of AssociateAmortization of Bond DiscountLoss on Sale of EquipmentIncrease in SuppliesDividends PaidRepayment of Short-term Notes PrincipalDecrease in InventoryIncrease in Accounts PayableDecrease in Accrued LiabilitiesIncrease in InventoryIncrease in Accrued Liabilities
Amortization Expense - PatentDecrease in InventorySale of EquipmentDecrease in Accounts PayableRepayment of Short-term Notes PrincipalLand Obtained for Preferred SharesIncrease in Accrued LiabilitiesAmortization of Bond DiscountPurchase of EquipmentIncrease in InventoryDecrease in Accounts ReceivableDividends Received from AssociateDepreciation Expense - BuildingsSale of BuildingPurchase of LandIncrease in Prepaid InsuranceInterest PaidIncrease in SuppliesProceeds from Sale of EquipmentIncrease in Accounts PayableProceeds from Issuance of Preferred SharesDividends PaidDecrease in Prepaid InsuranceIncrease in Accounts ReceivableGain on Sale of EquipmentLoss on Sale of EquipmentPurchase of BuildingDepreciation Expense - EquipmentProceeds from Issuance of Common SharesRepayment of Long-term Notes PrincipalDecrease in Income Tax PayableIncome Taxes PaidSale of LandDecrease in Accrued LiabilitiesEquity in Earnings of AssociateDecrease in SuppliesNet Income / (Loss)
Cash Flows from Financing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesIncrease in Cash and Cash EquivalentsNet Cash Used by Financing ActivitiesNet Cash Used by Operating ActivitiesDecrease in Cash and Cash EquivalentsCash Flows from Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Provided by Investing ActivitiesCash and Cash Equivalents Balance Dec. 31, 2019Net Cash Used by Investing ActivitiesCash and Cash Equivalents Balance Dec. 31, 2020
Cash and Cash Equivalents Balance Dec. 31, 2019Net Cash Provided by Investing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Operating ActivitiesNet Cash Provided by Operating ActivitiesCash and Cash Equivalents Balance Dec. 31, 2020Net Cash Provided by Financing ActivitiesCash Flows from Operating ActivitiesIncrease in Cash and Cash EquivalentsCash Flows from Investing ActivitiesCash Flows from Financing ActivitiesDecrease in Cash and Cash Equivalents
Net Cash Provided by Operating ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Investing ActivitiesCash Flows from Financing ActivitiesIncrease in Cash and Cash EquivalentsNet Cash Provided by Financing ActivitiesDecrease in Cash and Cash EquivalentsNet Cash Used by Investing ActivitiesCash and Cash Equivalents Balance Dec. 31, 2019Cash and Cash Equivalents Balance Dec. 31, 2020Net Cash Used by Financing ActivitiesNet Cash Used by Operating ActivitiesCash Flows from Investing Activities
Net Cash Provided by Investing ActivitiesIncrease in Cash and Cash EquivalentsNet Cash Used by Financing ActivitiesCash Flows from Operating ActivitiesDecrease in Cash and Cash EquivalentsCash and Cash Equivalents Balance Dec. 31, 2019Net Cash Provided by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesCash and Cash Equivalents Balance Dec. 31, 2020Net Cash Provided by Operating ActivitiesCash Flows from Financing ActivitiesCash Flows from Investing Activities				$
Non-cash investing and financing activities
Dividends Received from AssociateDividends PaidDepreciation EquipmentIncrease in SuppliesLand Obtained for Preferred SharesDecrease in Income Tax PayableDecrease in Prepaid InsuranceDecrease in Accounts PayableDecrease in InventoryDecrease in SuppliesIncrease in Prepaid InsuranceProceeds from Issuance of Preferred SharesIncrease in Accrued LiabilitiesGain on Sale of EquipmentRepayment of Long-term Notes PrincipalEquity in Earnings of AssociateAmortization PatentIncome Taxes PaidLoss on Sale of EquipmentIncrease in Accounts ReceivablePurchase of BuildingIncrease in InventoryDepreciation BuildingsInterest PaidSale of LandSale of BuildingRepayment of Short-term Notes PrincipalPurchase of EquipmentProceeds from Sale of EquipmentIncrease in Accounts PayableDecrease in Accrued LiabilitiesAmortization of Bond DiscountNet Income / (Loss)Sale of EquipmentDecrease in Accounts ReceivablePurchase of LandProceeds from Issuance of Common Shares				$
Additional disclosures:
Increase in InventoryDepreciation Expense - BuildingsDecrease in Income Tax PayablePurchase of BuildingProceeds from Sale of EquipmentDecrease in Accrued LiabilitiesInterest PaidIncrease in SuppliesIncrease in Accounts ReceivableLoss on Sale of EquipmentSale of LandNet Income / (Loss)Increase in Accounts PayableDecrease in SuppliesIncrease in Accrued LiabilitiesGain on Sale of EquipmentIncome Taxes PaidDecrease in Accounts ReceivableRepayment of Short-term Notes PrincipalDividends PaidDecrease in Prepaid InsuranceProceeds from Issuance of Preferred SharesRepayment of Long-term Notes PrincipalAmortization Expense - PatentEquity in Earnings of AssociateDividends Received from AssociateSale of BuildingPurchase of LandIncrease in Prepaid InsuranceSale of EquipmentDecrease in InventoryAmortization of Bond DiscountLand Obtained for Preferred SharesDecrease in Accounts PayableDepreciation Expense - EquipmentProceeds from Issuance of Common SharesPurchase of Equipment				$
Purchase of LandIncrease in Accrued LiabilitiesRepayment of Short-term Notes PrincipalProceeds from Sale of EquipmentSale of LandDecrease in Accounts ReceivableNet Income / (Loss)Amortization Expense - PatentRepayment of Long-term Notes PrincipalDecrease in InventoryAmortization of Bond DiscountLoss on Sale of EquipmentIncrease in Accounts PayableIncome Taxes PaidDecrease in Prepaid InsuranceDepreciation Expense - BuildingsDepreciation Expense - EquipmentDividends PaidIncrease in InventoryPurchase of EquipmentIncrease in Accounts ReceivableInterest PaidIncrease in SuppliesSale of BuildingSale of EquipmentDecrease in Accounts PayableGain on Sale of EquipmentProceeds from Issuance of Common SharesDividends Received from AssociatePurchase of BuildingDecrease in Accrued LiabilitiesIncrease in Prepaid InsuranceProceeds from Issuance of Preferred SharesEquity in Earnings of AssociateDecrease in SuppliesLand Obtained for Preferred SharesDecrease in Income Tax Payable				$

Cash and Cash Equivalents:		2020		2019
Increase in Prepaid InsuranceProceeds from Issuance of Common SharesIncrease in Accounts ReceivableDecrease in InventoryNet Income / (Loss)Repayment of Short-term Notes PrincipalDecrease in Accounts ReceivableIncome Taxes PaidAmortization of Bond DiscountDecrease in Prepaid InsuranceRepayment of Long-term Notes PrincipalPurchase of EquipmentDepreciation Expense - EquipmentDecrease in Accounts PayableDecrease in Accrued LiabilitiesLand Obtained for Preferred SharesTemporary Bank OverdraftsCashPurchase of BuildingPurchase of LandDecrease in Income Tax PayableCash EquivalentsInterest PaidSale of BuildingSale of LandProceeds from Sale of EquipmentDecrease in SuppliesDividends Received from AssociateSale of EquipmentGain on Sale of EquipmentIncrease in SuppliesDepreciation Expense - BuildingsProceeds from Issuance of Preferred SharesIncrease in Accounts PayableDividends PaidIncrease in InventoryIncrease in Accrued LiabilitiesEquity in Earnings of AssociateAmortization Expense - PatentLoss on Sale of Equipment		$		$
Land Obtained for Preferred SharesDecrease in Prepaid InsuranceIncrease in InventoryDividends PaidIncrease in Prepaid InsuranceDividends Received from AssociateRepayment of Short-term Notes PrincipalAmortization Expense - PatentCash EquivalentsSale of EquipmentPurchase of EquipmentIncrease in SuppliesPurchase of BuildingDepreciation Expense - BuildingsAmortization of Bond DiscountDecrease in Accounts PayableLoss on Sale of EquipmentInterest PaidDepreciation Expense - EquipmentSale of BuildingEquity in Earnings of AssociateDecrease in Accounts ReceivableGain on Sale of EquipmentNet Income / (Loss)Income Taxes PaidDecrease in Accrued LiabilitiesDecrease in InventoryDecrease in Income Tax PayableIncrease in Accounts PayableProceeds from Issuance of Preferred SharesIncrease in Accrued LiabilitiesProceeds from Sale of EquipmentSale of LandPurchase of LandTemporary Bank OverdraftsIncrease in Accounts ReceivableDecrease in SuppliesRepayment of Long-term Notes PrincipalProceeds from Issuance of Common SharesCash
Equity in Earnings of AssociateDecrease in Accounts PayableDecrease in InventoryCashPurchase of EquipmentAmortization Expense - PatentCash EquivalentsRepayment of Short-term Notes PrincipalDecrease in SuppliesPurchase of LandProceeds from Issuance of Preferred SharesTemporary Bank OverdraftsIncrease in Accounts ReceivableIncrease in InventoryIncrease in SuppliesDecrease in Accrued LiabilitiesLand Obtained for Preferred SharesProceeds from Issuance of Common SharesDepreciation Expense - BuildingsSale of EquipmentProceeds from Sale of EquipmentDepreciation Expense - EquipmentNet Income / (Loss)Repayment of Long-term Notes PrincipalIncrease in Accounts PayableLoss on Sale of EquipmentSale of LandDecrease in Prepaid InsuranceSale of BuildingDecrease in Income Tax PayableDividends Received from AssociateIncrease in Prepaid InsuranceIncome Taxes PaidGain on Sale of EquipmentPurchase of BuildingAmortization of Bond DiscountDividends PaidIncrease in Accrued LiabilitiesInterest PaidDecrease in Accounts Receivable
		$		$