Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 187,823 $ 59,126
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 351,644 348,873
Unrealized (gain) loss on marketable equity securities (154,449) 41,907
Amortization of loan procurement costs 50,298 10,609
Compensation expense related to stock-based awards 54,160 884
Changes in operating assets and liabilities:    
Accounts receivable (23,736) 22,104
Prepaid expenses and other assets (19,914) (41,544)
Accounts payable and accrued expenses 167,521 125,650
Net cash provided by operating activities 613,347 567,609
Cash flows from investing activities    
Construction (22,401) (28,008)
Improvements and equipment additions (7,390) (24,171)
Net cash used in investing activities (29,791) (52,179)
Cash flows from financing activities    
Principal payments on note payable (115,898)  
Dividends paid (499,044) (495,266)
Net cash used in financing activities (614,942) (495,266)
Net (decrease) increase in cash and cash equivalents (31,386) 20,164
Cash, cash equivalents, and restricted cash, beginning of period 1,712,266 2,256,415
Cash, cash equivalents, and restricted cash, end of period 1,680,880 2,276,579
Supplemental schedule of cash flow information    
Interest paid $ 207,200 $ 209,600