Cash, Restricted Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2021

Cash, Restricted Cash and Cash Equivalents

CASH, RESTRICTED CASH AND CASH EQUIVALENTS

NOTE 2 – CASH, RESTRICTED CASH AND CASH EQUIVALENTS

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets to the amounts shown in the Consolidated Statements of Cash Flows:

	December 31
	2021		2020 (Revised)
Cash and Cash Equivalents	$	15,244,709	$	2,747,737
Restricted Cash		381,942		1,210,243
Total	$	15,626,651	$	3,957,980

As of December 31, 2021, and 2020, cash and restricted cash included custodial trust, bank money market accounts, and a bank savings account.  Any financial instruments that are readily convertible into known amounts of cash or are so near their maturity that they present an insignificant interest rate risk are considered cash equivalents.  Any certificate of deposit which matures in three months or less from the reporting date is considered a cash equivalent.