Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (839,505) $ 3,157,658
Less net income from discontinued operations (77,899)
Adjustments to reconcile net income (loss) to net cash provided by (used by) operating activities:    
Depreciation and amortization 1,073 1,706
Bad debt expense 10,198
Amortization of discount on investment in account receivable (9,559) (41,741)
Gain on sale of discontinued operation (4,805,389)
(Gain) loss on investment in securities at fair value (34,989) 2,484
(Gain) loss on long-term investments 250,208
Decrease (increase) in operating assets    
Accounts receivable - trade (11,398)
Other receivables 15,000 (15,000)
Prepaid expenses and other current assets (502) 2,867
Increase (decrease) in operating liabilities    
Accounts payable 14 (4,383)
Accrued expenses (48,861) 72,089
Accrued salary, retirement, and benefits - related party 40,066 (717,436)
Net cash provided by (used by) operating activities (627,055) (2,426,244)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities (1,420,608) (649,847)
Proceeds from securities sold 982,478
Sale of investment of discontinued operation 6,000,000
Adjustment on sale of discontinued operation 129,532
Proceeds from Ally Waste note receivable 1,000,000
Increase in long-term investments (10,000)
Purchases of property and equipment (2,291)
Proceeds from investment in receivable 118,201
Net cash (used by) investing activities - continuing operations 561,870 5,585,595
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from warrants converted to common stock 40,000
Paid in capital adjustment - stock repurchase (300)
Payments on repurchase of stock (183,693) (7,884)
Increase in notes receivable (1,000,000)
Paid in capital adjustment - note receivable reduction (1,016,879)
Net cash provided by (used by) financing activities - continuing operations (183,993) (1,984,763)
Net change in cash – continued operations (249,178) 1,174,588
Operating cash flow - discontinued operations 408,928
Investing activities - discontinued operations 1,480,861
Financing activities - discontinued operations (1,423,008)
Net change in cash (249,178) 1,641,369
Cash beginning of period - continued operations 2,431,299 283,431
Cash beginning of period - discontinued operations 506,499
Beginning cash 2,431,299 789,930
Cash - end of period 2,182,121 2,431,299
Less cash of discontinued operations
Ending cash 2,182,121 2,431,299
SUPPLEMENTARY INFORMATION:    
Cash paid for interest – all operations 64,685
Less Cash paid for interest - discontinued operations (29,992)
Cash paid for interest – continued operations 34,693
Cash paid for income taxes – all operations 15,489 15,304
Less Cash paid for income taxes – discontinued operations (5,784)
Cash paid for income taxes – continued operations 15,489 9,520
Right of use assets acquired through finance lease liability - all operations 934,905
Less right of use assets acquired through finance lease liability - discontinued operations $ (934,905)