XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 808,175 $ 1,105,308
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of bond discount (146,697) (121,798)
Depreciation and amortization 291,576 288,303
Operating lease right-of-use asset, net 2,494 8,735
Stock-based compensation 73,892 75,853
Changes in operating assets and liabilities:    
Accounts receivable, net 375,116 630,732
Other current assets (127,557) (434,901)
Unexpired subscription revenue 709,902 (202,185)
Accounts payable (69,066) (149,715)
Accrued expenses 291,619 168,073
Net cash provided by operating activities 2,209,454 1,368,405
Cash flows from investing activities:    
Proceeds from held-to-maturity securities 2,850,000 3,630,000
Purchase of held-to-maturity securities (7,898,319) (3,628,741)
Purchase of property and equipment (278,039) (148,259)
Net cash used in investing activities (5,326,358) (147,000)
Net (decrease) increase in cash and cash equivalents (3,116,904) 1,221,405
Cash and cash equivalents at beginning of period 11,004,937 9,866,628
Cash and cash equivalents at end of period $ 7,888,033 $ 11,088,033