Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Cash and Cash Equivalents

NOTE 2 – CASH AND CASH EQUIVALENTS

The following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows:

	Year ended December 31
	2019		2018
Cash	$	2,490,902	$	2,082,131
Cash equivalents		3,290,737		2,835,631
Cash and cash equivalents	$	5,781,639	$	4,917,762

Cash equivalents were comprised of highly liquid investments with initial maturity of 90 days or less. As of December 31, 2019 and 2018, cash equivalents included custodial trust, bank money market accounts, and a bank savings account.