General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:        
Net Income (loss) $ 184,721 $ (43,707) $ 29,323 $ 236,671
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 754,243 678,927 896,697 602,532
Stock-based compensation 116,557 6,525 41,340 32,003
Gain on contingent liability (350,000)    
Changes in Assets and Liabilities:        
Accounts receivable (241,675) 2,248 (160,191) (124,852)
Other assets 16,125 9,923
Prepaid expenses and other current assets (98,874) 76,116 87,163 (47,674)
Employee loan     3,000
Right of use asset 61,233 (344,716) (324,267)
Accounts payable and accrued expenses 252,717 (137,683) (81,862) (98,774)
Deferred revenue 61,687 63,260 (2,464) (89,353)
Deferred rent (18,890) (18,890) 17,829
Operating lease liability (60,647) 352,348 332,817
Net Cash Provided by Operating Activities 696,087 634,428 799,666 541,305
Cash Flows from Investing Activities:        
Capital expenditures (164,796) (33,354) (40,355) (69,783)
Net Cash Used in Investing Activities (164,796) (33,354) (40,355) (69,783)
Cash Flows from Financing Activities:        
Proceeds from issuance of note payable 481,977    
Repayments of finance lease obligations related party (641,170) (546,182)    
Repayments of finance lease obligations (24,320) (741,940) (347,871)
Cash received for the exercised of options 5,400 5,400
Advance from Credit Line     75,000
Repayment of line of credit (74,976)    
Net Cash Used in Financing Activities (253,089) (546,182) (661,540) (347,871)
Increase in Cash and Cash Equivalents 278,202 54,892 97,771 123,651
Cash and Cash Equivalents, Beginning of Year 326,561 228,790 228,790 105,139
Cash and Cash Equivalents, End of Year 604,763 283,682 326,561 228,790
Supplemental Disclosures:        
Cash paid for interest 124,297 137,425 177,451 98,788
Cash paid for income taxes 5,604
Non-cash investing and financing activities:        
Accrual of preferred stock dividend 105,877 93,234 124,312 113,012
Assets acquired by finance lease $ 808,261 $ 1,560,021 $ 1,560,320