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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 667,644 $ 311,536
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 124,264 472,067
Stock based compensation 33,997 33,997
Changes in operating assets and liabilities:    
Accounts receivable, trade (106,267) 240,586
Inventories (10,339) (7,736)
Prepaid expenses and other current assets 271,830 (34,783)
Deposits 3,552 44,205
Deferred income taxes 31,000 (53,000)
Accounts payable 49,052 (146,903)
Accrued expenses 59,129 (3,711)
TOTAL ADJUSTMENTS 456,218 544,722
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,123,862 856,258
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment of notes receivable 87,208 850,264
Purchase of property and equipment (174,590) (190,182)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (87,382) 660,082
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings: 135,000
Repayments (112,117) (361,379)
Dividends paid (126,630)
Repayment of right of use leases payable (38,891)
Repurchase and cancellation of common stock (175,816)
NET CASH USED IN FINANCING ACTIVITIES (277,638) (402,195)
NET CHANGE IN CASH 758,842 1,114,145
CASH – Beginning 2,838,649 1,724,504
CASH – Ending 3,597,491 2,838,649
NON-CASH OPERATING, INVESTING AND FINANCING ACTIVITIES:    
Accrued Dividend Payable 373,370
Change in Accounts Receivable through issuance of a Note Receivable 276,036 750,264
Right of use assets obtained in exchange for Lease obligations 548,070
Issuance of common stock 28,202
Change in assets held for sale from Notes Receivable 270,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 7,987 17,121
Income taxes $ 79,029 $ 341,547