Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Cash and Cash Equivalents

NOTE 2 – CASH AND CASH EQUIVALENTS

The following table provides a reconciliation of cash and cash equivalents reported within the Consolidated Balance Sheets to the amounts shown in the Consolidated Statements of Cash Flows:

	Year ended December 31
	2020		2019
Cash	$	3,383,048	$	2,490,902
Cash equivalents		574,932		3,290,737
Cash and cash equivalents	$	3,957,980	$	5,781,639

Cash equivalents were comprised of highly liquid investments with initial maturity of 90 days or less. As of December 31, 2020 and 2019, cash equivalents included custodial trust, bank money market accounts, and a bank savings account.