v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) $ 305,443 $ (381,978)
Adjustments to reconcile net (loss) to net cash provided by (used by) operating activities:    
Depreciation and amortization 51,847 34,305
Amortization of right of use asset 147,419 111,307
PPP loan forgiven (10,000)
(Gain) loss on asset disposal (26,168) 643
(Gain) loss on property and equipment disposal (1,404)
Bad debt expense 53,000 19,580
Amortization of discount on investment in account receivable (38,754) (45,684)
Decrease (increase) in accrued investment interest income 86,325 (3,049)
(Gain) loss on investment in securities at fair value 751 9,001
(Gain) loss on long-term investments (41,326)
Increase in deposits (8,000)
Decrease (increase) in operating assets    
Finance leases receivable 306,650 56,342
Accounts receivable - trade 121,730 (183,477)
Other receivables (370,349)
Prepaid expenses and other current assets (46,722) (7,605)
Employee advances (1,161) 520
Increase (decrease) in operating liabilities    
Accounts payable (11,546) 5,979
Accrued expenses 628,177 66,631
Deferred revenue (16,308) (4,886)
Accrued salary, retirement, and benefits - related party 19,586 (9,935)
Net cash provided by (used by) operating activities 1,160,594 (343,710)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities 4,442
Purchases of property and equipment (24,733) (108,554)
Proceeds from sale of property and equipment 91,381
Down payments on right of use assets (42,675) (46,737)
Proceeds from investment in receivable 700
Net cash (used by) investing activities (66,708) (59,468)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related party loan 50,000 204,006
Proceeds from Paycheck Protection Program loan 76,593
Refund of Paycheck Protection Program payments 551
Proceeds from warrants converted to common stock 14,346  
Payments on related party payable (21,950)
Payments on long-term debt (21,085) (15,996)
Payments on finance lease liability (131,818) (90,082)
Net cash provided by (used by) financing activities (110,507) 175,072
Net change in cash 983,379 (228,106)
Beginning cash 453,939 506,174
Ending cash 1,437,318 278,068
SUPPLEMENTARY INFORMATION:    
Cash paid for interest 8,736 43,899
Cash paid for income taxes 6,526 8,565
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Right of use assets acquired through operating lease liability 55,624
Right of use assets acquired through finance lease liability 251,896 340,999
Property and equipment acquired through long-term debt $ 22,480

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