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Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating Activities    
Net income (loss) $ (1,435,900) $ 1,813,100
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 47,000 34,100
Stock based compensation 1,347,100 0
Interest Income accrued (124,800) (35,200)
(Increase) decrease in assets    
Accounts receivable (17,200) (132,700)
Inventory 38,400 (63,700)
Prepaid and other (18,500) 56,700
Long-term receivables 675,300 (2,230,600)
Increase (decrease) in liabilities    
Accounts payable and accrued expenses (243,600) 227,900
Income taxes (287,100) 287,100
Net cash used in operating activities (19,300) (43,300)
Investing Activities    
Purchase of short-term investments (3,600,400) (4,385,200)
Additions to fixed assets (28,500) (800)
Net cash used in investing activities (3,628,900) (4,386,000)
Financing Activities    
Issuance of common stock 5,000,000 3,500,000
Net cash provided by financing activities 5,000,000 3,500,000
Increase (decrease) in cash and cash equivalents 1,351,800 (929,300)
Cash and Cash Equivalents    
Beginning of year 917,400 1,846,700
End of year 2,269,200 917,400
Cash paid for taxes 176,700 0
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Accumulated depreciation and amortization 0 500
Furniture, fixtures and equipment $ 0 $ (500)