Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net Income $ 13,139 $ 398,288
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 306,730 209,266
Stock based compensation 2,051 6,205
Changes in Assets and Liabilities:    
Accounts receivable (607,143) 142,278
Other assets 4,864 3,600
Prepaid expenses and other current assets 19,028 48,095
Accounts payable and accrued expenses 415,946 (224,877)
Deferred revenue (40,579) (198,166)
Deferred rent (490) (354)
Net Cash Provided by Operating Activities 113,546 384,335
Cash Flows from Investing Activities    
Capital expenditures (24,135)
Net Cash Used in Investing Activities (24,135)
Cash Flows from Financing Activities:    
Repayments of capital lease obligations (112,574) (260,913)
Net Cash Used in Financing Activities (112,574) (456,154)
Decrease in Cash and Cash Equivalents (23,163) (71,819)
Cash and Cash Equivalents, Beginning of Period 105,139 255,817
Cash and Cash Equivalents, End of Period 81,976 183,998
Supplemental Disclosures:    
Cash paid for interest 40,142 65,902
Cash paid for income taxes
Non-cash investing and financing activities:    
Accrual of preferred stock dividend 61,935 57,127
Assets acquired by capital lease $ 1,824,996