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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income $ 4,204,424 $ 3,438,534
Adjustments to reconcile net income to net cash provided by operating activities -    
Amortization of deferred financing costs 98,695 129,131
Depreciation 3,711 4,595
Non cash compensation expense 13,065 13,065
Loss on write-down of investment in privately held company 20,000
Changes in operating assets and liabilities    
Interest receivable on loans (61,732) (188,526)
Other current and non current assets (19,753) 323
Accounts payable and accrued expenses 16,157 62,019
Deferred origination fees 106,205 (16,940)
Net cash provided by operating activities 4,360,772 3,462,201
Cash flows from investing activities:    
Issuance of short term loans (51,859,000) (37,871,500)
Collections received from loans 42,146,873 27,502,820
Purchase of fixed assets (1,148) (1,666)
Net cash used in investing activities (9,713,275) (10,370,346)
Cash flows from financing activities:    
Proceeds from public offering, net 9,882,780
(Repayments of) proceeds from line of credit, net (292,447) 10,431,746
Dividends paid (3,998,825) (3,288,621)
Proceeds from exercise of stock options and warrants 48,735 20,440
Purchase of treasury shares (48,743) (172,156)
Deferred financing costs incurred (20,381) (43,122)
Net cash provided by financing activities 5,571,119 6,948,287
Net increase in cash and restricted cash 218,616 40,142
Cash and restricted cash, beginning of year 136,441 96,299
Cash and restricted cash, end of year 355,057 136,441
Supplemental Cash Flow Information:    
Taxes paid during the year 642 2,971
Interest paid during the year 1,584,508 1,034,097
Supplement Information - Noncash Information:    
Dividend declared and payable $ 1,158,717 $ 891,983