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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 1,121,357 $ 980,918
Adjustments to reconcile net income to net cash provided by operating activities -    
Amortization of deferred financing costs 23,622 29,739
Depreciation 431 1,146
Non cash compensation expense 3,266 3,266
Changes in operating assets and liabilities:    
Interest receivable on loans 14,355 37,068
Other assets (14,659) (27,088)
Accounts payable and accrued expenses (40,238) (23,286)
Deferred origination fees 17,406 22,252
Net cash provided by operating activities 1,125,540 1,024,015
Cash flows from investing activities:    
Issuance of short term loans (13,325,965) (11,000,000)
Collections received from loans 13,368,898 10,067,500
Net cash provided by (used in) investing activities 42,933 (932,500)
Cash flows from financing activities:    
Dividend paid (1,158,717) (891,983)
(Repayment of) proceeds from line of credit, net (204,986) 849,559
Purchase of treasury shares (5,645)
Proceeds from exercise of stock options 20,440
Net cash used in financing activities (1,348,908) (42,424)
Net (decrease) increase in cash and restricted cash (180,435) 49,091
Cash and restricted cash, beginning of period 355,057 136,441
Cash and restricted cash, end of period 174,622 185,532
Supplemental Cash Flow Information:    
Interest paid during the period 370,621 364,292
Non-cash Investing Activities:    
Operating lease right-of-use asset 124,801
Operating lease liability $ 124,801