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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities:        
Net Income (Loss) $ 794,344 $ (2,100,768) $ (240,376) $ 1,924,408
Adjustments to Reconcile Net Income (loss) to Net Cash Used in Operating Activities:        
Other Income from Adjustment of Debt     (50,000)
Depreciation and Amortization 409,530 438,848 833,129 877,578
Amortization of Deferred Loan Costs and Debt Discount     95,882 291,688
Provision for Bad Debt 99,721 474,955 200,236 898,135
Gain on sale of an asset (2,112,143) (2,112,143)
Changes in Operating Assets and Liabilities, Net of Assets and Liabilities Acquired:        
Accounts and Rents Receivable     (296,773) (568,877)
Prepaid Expenses and Other Assets     647,416 443,600
Employee Retention Credit Receivables     (6,095,157)
Accounts Payable and Accrued Liabilities     676,806 2,302,267
Lease Security Deposits     22,400 9,000
Cash Provided by (Used) in Operating Activities     (173,423) 32,642
Cash Flows From Investing Activities:        
Sale of Land and Building     2,484,800
Capital Expenditures for Property and Equipment     (26,862) (42,515)
Cash Provided By (Used) in Investing Activities     2,457,938 (42,515)
Cash Flows From Financing Activities:        
Proceeds from Issuance of Debt, Non-Related Party     501,006
Proceeds from Line of Credit     250,000  
Payments on Debt, Non-Related Party     (815,927) (1,198,609)
Dividends Paid on Preferred Stock     (6,900)
Cash Used in Financing Activities     (565,927) (704,503)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash     1,718,588 (714,376)
Cash and Cash Equivalents and Restricted Cash at Beginning of the Period     2,304,723 2,416,600
Cash and Cash Equivalents and Restricted Cash at End of the Period 4,023,311 1,702,224 4,023,311 1,702,224
Supplemental Disclosure of Cash Flow Information        
Cash Paid for Interest     1,083,056 275,725
Cash and Cash Equivalents 3,220,581 625,598 3,220,581 625,598
Restricted Cash 802,730 1,076,626 802,730 1,076,626
Total Cash and Cash Equivalents and Restricted Cash $ 4,023,311 $ 1,702,224 4,023,311 1,702,224
Supplemental Schedule of Non-Cash Investing and Financing Activities        
Dividends Declared on Series D Preferred Stock     15,000 15,000
Payoff of Secured Fixed Rate Mortgage Loan     3,736,029
Financing of Insurance Premiums     $ 58,256 $ 673,935