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Consolidated Statement of Cash Flow (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net Income $ 5,271,805 $ 2,265,456
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,482,784 1,122,061
Loss (gain) on sale of operations 1,160,574
Loss (gain) on disposal of assets 4,294 10,750
Non-cash share-based compensation expense 304,342 262,167
Changes in assets and liabilities:    
Decrease (Increase) in accounts receivable (3,314,197) (2,555,058)
Decrease (Increase) in inventories (1,601,691) (1,325,790)
Decrease (Increase) in costs and estimated earnings in excess of billings (526,024) (219,723)
Decrease (Increase) in prepaid expenses & other assets 196,359 (387,039)
Increase (Decrease) in accounts payable 1,288,002 1,400,608
Increase (Decrease) in accrued payroll and related expenses (281,123) 391,161
Increase (Decrease) in accrued expenses 987,717 (253,853)
Increase (Decrease) in accrued income taxes 302,088 602,881
Increase (Decrease) in unearned revenue (3,383,550) 3,783,124
Total adjustments (4,540,999) 3,991,863
Net Cash Provided by Operating Activities 730,806 6,257,319
Cash Flows from Investing Activities    
Capital expenditures (595,227) (274,556)
Cash paid for acquisition (50,001) (20,209,583)
Net Cash Used in Investing Activities (645,228) (20,484,139)
Cash Flows from Financing Activities    
Payments on notes (909,457) (258,870)
Payments on bank debt (2,870,999) (6,863,889)
Borrowings on seller note 9,000,000
Borrowings on bank debt 1,898,542 13,824,690
Payments on capital lease (11,203) (27,529)
Net Cash Provided by (Used in) Financing Activities (1,893,117) 15,674,402
Net Increase (decrease) in cash and cash equivalents (1,807,539) 1,447,582
Cash and cash equivalents at beginning of year 5,057,626 2,444,110
Cash and cash equivalents at end of period 3,250,087 3,891,692
Supplemental disclosures of cash flow information    
Interest paid 884,103 493,527
Income taxes paid 1,507,700 130,745
Non-cash proceeds received for Class A and Class B Common Shares in exchange for the sale of certain assets 1,640,939
Note conversion $ 648,000