Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net Income (Loss) $ 340 $ (40,473)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 267,189 241,658
Stock-based compensation 42,171 33,048
Changes in Assets and Liabilities:    
Accounts receivable (170,096) (145,521)
Other assets (345) 0
Prepaid expenses and other current assets (290,018) (29,657)
Right of use asset 21,492 20,067
Accounts payable and accrued expenses 558,679 123,890
Deferred revenue (59,489) 113,901
Operating lease liability (21,364) (19,193)
Net Cash Provided by Operating Activities 348,559 297,720
Cash Flows from Investing Activities:    
Capital expenditures (257,238) (56,812)
Net Cash Used in Investing Activities (257,238) (56,812)
Cash Flows from Financing Activities:    
Repayments of capital lease obligations 0 (169,711)
Repayments of finance lease obligations related party (313,925) 0
Repayments of finance lease obligations (36,682) 0
Cash received for the exercised of options 0 5,400
Repayment of Credit Line 0 (74,976)
Net Cash Used in Financing Activities (350,607) (239,287)
Net change in Cash and Cash Equivalents (259,286) 1,621
Cash and Cash Equivalents, Beginning of Period 893,598 326,561
Cash and Cash Equivalents, End of Period 634,312 328,182
Supplemental Disclosures:    
Cash paid for interest 31,971 177,451
Cash paid for income taxes 0 0
Non-cash investing and financing activities:    
Accrual of preferred stock dividend 38,883 34,186
Assets acquired by finance lease $ 50,000 $ 336,165