XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 270,815 $ (126,339)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,383 1,248
Stock option compensation 27,711 450
Changes in operating assets and liabilities:    
Accounts receivable 256,268 73,787
Prepaid expenses and other current assets 36,476 208,699
Contract assets (131,943)
Other assets 31,775
Accounts payable 88,567 (191,879)
Contract liabilities (491,388) (193,432)
Accrued payroll and related liabilities and other accrued liabilities (25,986) (51,152)
Commissions payable 95,168 (9,778)
Net cash provided by (used in) operating activities 162,846 (288,396)
Cash flows from investing activities    
Acquisition of property and equipment (4,612)
Net cash used in investing activities (4,612)
Cash flows from financing activities    
Borrowing under revolving line of credit 500,000
Proceeds from issuance of stock 495,999
Proceeds from issuance of stock from exercise of options 3,550
Net cash provided by financing activities 999,549
Net increase (decrease) in cash and cash equivalents 1,157,783 (288,396)
Cash and cash equivalents, beginning of the period 1,858,160 1,039,442
Cash and cash equivalents, end of the period $ 3,015,943 $ 751,046