XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.1
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 1,695,053 $ 1,360,238
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of bond discount (164,531) (27,131)
Deferred income taxes 18,039 (75,239)
Depreciation and amortization 383,767 382,342
Operating lease 10,040 18,166
Stock-based compensation 103,098 80,433
Changes in operating assets and liabilities:    
Accounts receivable, net (440,923) (697,023)
Other current assets (137,444) (75,230)
Other assets 0 (76,757)
Unexpired subscription revenue 197,462 496,063
Accounts payable (103,897) (112,453)
Accrued expenses (111,357) 471,086
Net cash provided by operating activities 1,449,307 1,744,495
Cash flows from investing activities:    
Proceeds from sale of held-to-maturity securities - treasury bills 5,010,000 0
Purchase of held-to-maturity securities - treasury bills (5,017,103) (4,001,434)
Purchase of property and equipment (303,895) (257,954)
Net cash used in investing activities (310,998) (4,259,388)
Net increase (decrease) in cash and cash equivalents 1,138,309 (2,514,893)
Cash and cash equivalents at beginning of year 9,866,628 12,381,521
Cash and cash equivalents at end of year 11,004,937 9,866,628
Cash paid, net during the year for:    
Income taxes $ 468,000 $ 395,000