XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 849,766 $ 1,005,774
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 217,313 100,557
Depreciation and amortization 301,656 206,083
Operating lease right-to-use asset, net 14,795 20,678
Stock-based compensation 53,675 45,041
Changes in operating assets and liabilities:    
Accounts receivable (147,626) 284,589
Other current assets (157,112) 94,607
Other assets 5,530 1,588
Unexpired subscription revenue 457,968 (432,411)
Accounts payable (172,116) (56,622)
Accrued expenses (2,494) (65,095)
Net cash provided by operating activities 1,421,355 1,204,789
Cash flows from investing activities:    
Sale of available-for-sale securities - municipal bonds 0 458,237
Purchase of property and equipment (196,910) (271,712)
Net cash (used in) provided by investing activities (196,910) 186,525
Net increase in cash and cash equivalents 1,224,445 1,391,314
Cash and cash equivalents at beginning of period 12,381,521 10,302,732
Cash and cash equivalents at end of period $ 13,605,966 $ 11,694,046