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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 2,140,381 $ 484,705
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 233,090 343,750
Amortization of debt issuance cost 58,743 46,888
Stock-based compensation 519,139 163,380
Deferred income taxes 295,362
Bad debt expense 3,189
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (3,763,529) 117,972
Decrease (increase) in insurance receivable 3,600,000 (650,693)
Increase in contract assets (3,577,521) (3,031,844)
Decrease in inventory 574,163 441,144
Decrease in prepaid expenses and other assets 410,116 116,107
Increase in refundable income taxes   (2,335)
Decrease in operating right-of-use assets 880,144 858,812
Increase (decrease) in accounts payable and accrued expenses 1,674,132 (126,884)
Increase (decrease) in contract liabilities 2,603,628 (94,934)
(Decrease) increase in settlement of litigation obligation (3,600,000) 596,741
Decrease in lease liabilities (852,156) (780,274)
Increase (decrease) in income taxes payable 5,478 (5,165)
Decrease in loss reserve (326,033) (577,166)
Net cash provided by (used in) operating activities 875,137 (2,096,607)
Cash flows from investing activities:    
Purchase of property and equipment (59,265) (25,317)
Net cash used in investing activities (59,265) (25,317)
Cash flows from financing activities:    
Payments on long-term debt (1,528,091) (1,560,881)
Debt issuance costs paid (54,334)
Net cash used in financing activities (1,582,425) (1,560,881)
Net decrease in cash (766,553) (3,682,805)
Cash at beginning of period 3,847,225 6,308,866
Cash at end of period 3,080,672 2,626,061
Cash paid during the period for:    
Interest 1,193,411 645,423
Income taxes