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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 550,333 $ 736,026
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 11,304 7,669
Loss on disposal of assets 5,205 0
Noncash lease expense 91,106 83,707
Provision for deferred tax expense 38,359 258,685
Stock options expense 9,041 5,571
Provision for uncollectible accounts receivable (398) 208
Changes in operating assets and liabilities    
Accounts receivable 29,308 3,020
Prepaid expenses and other assets (31,441) (3,225)
Accounts payable (1,402) 669
Accrued and other liabilities 15,650 49,647
Deferred revenue 121,943 172,637
Operating lease liability (91,106) (83,707)
Net cash provided by operating activities 747,902 1,230,907
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for property and equipment (47,889) (5,847)
Net cash used in investing activities (47,889) (5,847)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of options 26,173 609
Exercise of warrants 1,150 0
Payment of dividends payable –common stock (595,006) 0
Payment of dividends payable - preferred stock (51,143) (168,079)
Net cash used in financing activities (618,826) (167,470)
NET INCREASE IN CASH AND CASH EQUIVALENTS 81,187 1,057,590
Cash and cash equivalents at beginning of period 2,655,112 1,407,917
Cash and cash equivalents at end of period 2,736,299 2,465,507
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Amortization of increasing dividend rate preferred stock discount $ 2,430 $ 2,697