v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) $ 678,962 $ (465,979)
Adjustments to reconcile net (loss) to net cash provided by (used by) operating activities:    
Depreciation and amortization 33,640 19,274
Amortization of right of use asset 87,708 70,818
PPP loan forgiven (10,000)
(Gain) loss on asset disposal (26,168) 643
(Gain) loss on property and equipment disposal (2,076)
Bad debt expense 42,000 12,580
Amortization of discount on investment in account receivable (25,838) (30,457)
Decrease (increase) in accrued investment interest income 1,250 (2,010)
(Gain) loss on investment in securities at fair value 821 6,573
(Gain) loss on long-term investments 42,430
Decrease (increase) in operating assets    
Finance leases receivable 39,869 37,142
Accounts receivable - trade 26,306 (36,373)
Other receivables (1,301,076)
Prepaid expenses and other current assets (23,192) (7,682)
Employee advances (950) 350
Increase (decrease) in operating liabilities    
Accounts payable (3,723) 21,889
Accrued expenses 634,344 43,484
Deferred revenue (2,272) (3,254)
Accrued salary, retirement, and benefits - related party 13,128 (20,721)
Net cash provided by (used by) operating activities 217,239 (365,799)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities (38,469)
Sale of investment securities 42,914
Purchases of property and equipment (5,422) (16,539)
Proceeds from sale of property and equipment 3,383
Down payments on right of use assets (13,408) (46,736)
Proceeds from investment in receivable 400
Net cash (used by) investing activities (18,430) (55,447)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related party loan 50,000 200,000
Proceeds from Paycheck Protection Program loan 76,593
Warrants converted to common stock 14,346
Refund of Paycheck Protection Program payments 551
Payments on related party payable (21,950)
Payments on long-term debt (12,633) (7,709)
Payments on finance lease liability (85,130) (54,530)
Net cash provided by (used by) financing activities (55,367) 214,905
Net change in cash 143,442 (206,341)
Beginning cash 453,939 506,174
Ending cash 597,381 299,833
SUPPLEMENTARY INFORMATION:    
Cash paid for interest 1,726 19,153
Cash paid for income taxes 4,450 3,350
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 99,025 337,751
Property and equipment acquired through long-term debt $ 22,480

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