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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income $ 2,123,743 $ 2,938,769
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,634,147 1,634,044
Unrealized loss (gain) on marketable equity securities 166,042 (408,876)
Unrealized loss on interest rate cap premium 32,164 72,271
Amortization of loan procurement costs 125,920 138,735
Stock-based compensation 332,358 199,752
Changes in operating assets and liabilities:    
Accounts receivable 27,002 (1,111)
Prepaid expenses and other assets (70,974) (131,265)
Accounts payable and accrued expenses (40,695) 81,779
Net cash provided by operating activities 4,329,707 4,524,098
Cash flows from investing activities    
Improvements and equipment additions (78,336) (231,104)
Net cash used in investing activities (78,336) (231,104)
Cash flows from financing activities    
Principal payments on note payable (580,562) (556,769)
Dividends paid (3,254,130) (3,222,686)
Line of credit issuance costs (235,164)  
Net cash used in financing activities (4,069,856) (3,779,455)
Net increase in cash, cash equivalents, and restricted cash 181,515 513,539
Cash, cash equivalents, and restricted cash, beginning of period 7,028,546 6,515,007
Cash, cash equivalents, and restricted cash, end of period 7,210,061 7,028,546
Supplemental cash flow and noncash information    
Cash paid for interest 711,827 735,620
Supplemental disclosure of noncash activities:    
Dividends payable $ 10,321 $ 8,923