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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 736,026 $ 490,522
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 7,669 6,752
Noncash lease expense 83,707 76,909
Provision for deferred tax expense 258,685 0
Stock options expense 5,571 25,076
Provision for uncollectible accounts receivable 208 832
Common stock issued for prior preferred stock repurchase charged to expense 0 3,280
Change in Operating Capital    
Accounts payable 669 (762)
Accrued and other liabilities 49,647 3,200
Deferred revenue 172,637 263,249
Operating lease obligation (83,707) (76,909)
Accounts receivable 3,020 (26,175)
Prepaid expenses and other assets (3,225) (20,820)
Net cash provided by operating activities 1,230,907 745,154
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for property and equipment (5,847) (10,137)
Net cash used in investing activities (5,847) (10,137)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of options 609 0
Warrants exercised, Value 0 400
Payments for repurchase of preferred stock 0 (178,400)
Payment of dividends payable - preferred stock (168,079) 0
Net cash used in financing activities (167,470) (178,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,057,590 557,017
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 1,407,917 612,005
Cash and Cash Equivalents, at Carrying Value, Ending Balance 2,465,507 1,169,022
Cash Flow, Noncash Investing and Financing Activities Disclosure    
Repurchased preferred stock assigned to settle related party liability 0 53,825
Common stock issued in connection with repurchase of preferred stock 0 19,624
Amortization of increasing dividend rate preferred stock discount $ 2,697 $ 5,393