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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 484,705 $ 1,855,694
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 343,750 530,843
Amortization of debt issuance cost 46,888 28,107
Cash expended less than (in excess) of rent expense 78,538 (48,670)
Stock-based compensation 163,380 568,783
Bad debt expense 3,189 127,413
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 117,972 (2,235,735)
Increase in contract assets (3,031,844) (4,266,430)
Decrease in inventory 441,144 1,105,127
Decrease (increase) in prepaid expenses and other assets 116,107 (271,157)
Increase in refundable income taxes (2,335) (647)
(Decrease) increase in accounts payable and accrued expenses (126,884) 69,246
Decrease in contract liabilities (94,934) (124,976)
Increase in insurance receivable (650,693) (2,850,000)
Increase in settlement of litigation obligation 596,741 3,371,162
Decrease in income taxes payable (5,165) (948)
Decrease in loss reserve (577,166) (344,443)
Net cash used in operating activities (2,096,607) (2,486,631)
Cash flows from investing activities:    
Purchase of property and equipment (25,317) (11,952)
Net cash used in investing activities (25,317) (11,952)
Cash flows from financing activities:    
Payments on long-term debt (1,560,881) (1,196,276)
Proceeds from line of credit 261,315
Net cash used in financing activities (1,560,881) (934,961)
Net decrease in cash (3,682,805) (3,433,544)
Cash at beginning of period 6,308,866 6,033,537
Cash at end of period 2,626,061 2,599,993
Cash paid during the period for:    
Interest 645,423 588,174
Income taxes $ 5,923