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, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net Income $ 35,063 $ 143,384
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 288,710 351,338
Stock based compensation 86,469 66,505
Changes in Assets and Liabilities:    
Accounts receivable (168,334) (1,140,097)
Other assets (17,300) 25,180
Prepaid expenses and other current assets (293,794) (719,842)
Right of use asset 50,659 47,962
Accounts payable and accrued expenses 491,669 2,991,981
Deferred revenue 28,213 (74,409)
Operating lease liability (52,216) (48,179)
Net Cash Provided by Operating Activities 449,139 1,643,823
Cash Flows from Investing Activities:    
Capital expenditures (426,671) (25,946)
Purchase of short-term investments (103,423)
Net Cash Used in Investing Activities (530,094) (25,946)
Cash Flows from Financing Activities:    
Repayments of finance lease obligations related party (183,464) (274,393)
Repayments of finance lease obligations (140,264) (65,515)
Cash received for the exercised of options 6,935
Net Cash Used in Financing Activities (323,728) (332,973)
Increase (decrease) in Cash and Cash Equivalents (404,683) 1,284,904
Cash and Cash Equivalents, Beginning of Period 2,286,722 12,135,803
Cash and Cash Equivalents, End of Period 1,882,039 13,420,707
Supplemental Disclosures:    
Cash paid for interest 24,863 41,040
Cash paid for income taxes
Non-cash investing and financing activities:    
Assets acquired by finance lease $ 881,308