Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) $ (297,091) $ 305,443
Adjustments to reconcile net (loss) to net cash provided by (used by) operating activities:    
Depreciation and amortization 50,352 51,847
Amortization of right of use asset 269,470 147,419
Gain on asset disposal (26,168)
Bad debt expense 10,198 53,000
Amortization of discount on investment in account receivable (27,091) (38,754)
Decrease in accrued investment interest income 86,325
(Gain) loss on investment in securities at fair value (715) 751
Gain on long-term investments (41,326)
Increase (Decrease) in deposits 3,099 (8,000)
Decrease (increase) in operating assets    
Finance leases receivable 306,650
Accounts receivable - trade (106,577) 121,730
Other receivables 209,948 (370,349)
Prepaid expenses and other current assets (34,305) (46,722)
Employee advances 1,509 (1,161)
Increase (decrease) in operating liabilities    
Accounts payable 19,541 (11,546)
Accrued expenses (159,243) 628,177
Deferred revenue (16,308)
Accrued salary, retirement, and benefits - related party 19,205 19,586
Net cash provided by (used by) operating activities (41,700) 1,160,594
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities (14,899)
Purchases of property and equipment (85,352) (24,733)
Down payments on right of use assets (42,675)
Proceeds from investment in receivable 117,900 700
Net cash (used by) investing activities 17,649 (66,708)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related party loan 50,545 50,000
Proceeds from warrants converted to common stock 14,346
Payments on repurchase of stock (7,884)
Payments on related party payable (21,950)
Payments on long-term debt (83,876) (21,085)
Payments on finance lease liability (253,932) (131,818)
Net cash provided by (used by) financing activities (295,147) (110,507)
Net change in cash (319,198) 983,379
Beginning cash 789,930 453,939
Ending cash 470,732 1,437,318
SUPPLEMENTARY INFORMATION:    
Cash paid for interest 32,425 8,736
Cash paid for income taxes 11,224 6,526
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Right of use assets acquired through operating lease liability
Right of use assets acquired through finance lease liability 934,905 251,896
Property and equipment acquired through long-term debt $ 22,480