Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income (loss) $ 543,969 $ (125,524)
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 1,047,553 1,341,262
Unrealized loss on marketable equity securities 4,579  
Amortization of loan procurement costs 31,806 31,826
Compensation expense related to stock-based awards 54,041  
Changes in operating assets and liabilities:    
Accounts receivable 6,823 57,283
Prepaid expenses and other assets (186,005) (55,883)
Accounts payable and accrued expenses (33,524) 181,025
Net cash provided by operating activities 1,469,242 1,429,989
Cash flows from investing activities    
Improvements and equipment additions (36,342) (212,973)
Construction (74,808) (100,389)
Net cash used in investing activities (111,150) (313,362)
Cash flows from financing activities    
Principal payments on note payable (75,797)  
Dividends paid (1,493,354) (1,485,797)
Net cash used in financing activities (1,569,151) (1,485,797)
Net decrease in cash and cash equivalents (211,059) (369,170)
Cash, cash equivalents, and restricted cash, beginning of period 2,256,415 2,965,694
Cash, cash equivalents, and restricted cash, end of period 2,045,356 2,596,524
Supplemental schedule of cash flow information    
Interest paid $ 628,403 $ 628,800