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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 892,977 $ 1,072,486
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 10,213 8,969
Noncash lease expense 112,812 103,651
Deferred tax (benefit) expense 300,838 (339,197)
Stock options and warrants expense 8,790 26,553
Provision for uncollectible accounts receivable 1,024 1,278
Common stock issued for prior preferred stock repurchase charged to expense 0 3,280
Changes in operating assets and liabilities    
Accounts receivable (380) (31,086)
Prepaid expenses and other assets 214 (7,562)
Accounts payable 2,943 (581)
Accrued and other liabilities 73,969 (14,211)
Deferred revenue 128,467 268,168
Operating lease liability (112,812) (103,651)
Net cash provided by operating activities 1,419,055 988,097
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for property and equipment (5,847) (14,185)
Net cash used in investing activities (5,847) (14,185)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of options 2,066 0
Proceeds from exercise of warrants 0 400
Repurchase of preferred stock for cash 0 (178,400)
Payment of Dividends Payable - Preferred Stock (168,079) 0
Net cash used in financing activities (166,013) (178,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,247,195 795,912
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 1,407,917 612,005
Cash and Cash Equivalents, at Carrying Value, Ending Balance 2,655,112 1,407,917
Cash Flow, Noncash Investing and Financing Activities Disclosure    
Amortization of increasing dividend rate preferred stock discount 3,596 7,190
Preferred stock issued to settle related party liability 0 53,825
Common stock issued in connection with repurchase of preferred stock 0 19,624
Exercise of options by reducing deferred compensation payable 0 18,687
Preferred stock dividend declared $ 51,143 $ 168,079