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UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 560,801 $ 1,228,798
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 552,167 529,686
Changes in operating assets and liabilities:    
Accounts receivable trade 173,606 554,011
Inventories (55,289) (2,680)
Due from related parties (193,625) (291,898)
Prepaid expenses and other current assets (104,015) 26,739
Accounts payable (96,141) (657,513)
Accrued liabilities 147,856 (134,639)
Unearned revenue 36,007 0
Net Cash provided by Operating Activities 1,021,367 1,252,504
Cash flow used in Investing Activities:    
Vessel acquisition (6,768,025) 0
Net cash used in Investing Activities (6,768,025) 0
Cash flows provided by Financing Activities:    
Proceeds from issuance of common stock, net of issuance costs 2,444,446 0
Payment of securities registration and other filing costs (65,380) 0
Proceeds from related party debt 5,000,000 0
Net cash provided by Financing Activities 7,379,066 0
Net increase in cash and cash equivalents 1,632,408 1,252,504
Cash and cash equivalents at the beginning of the period 1,887,280 486,670
Cash and cash equivalents at the end of the period 3,519,688 1,739,174
SUPPLEMENTAL CASH FLOW INFORMATION    
Common stock issuance expenses accrued/ payable 58,890 0
Vessel acquisition costs accrued/ payable 198,951 0
Deferred charges accrued $ 39,643 $ 0