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, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income (loss) $ 411,247 $ (356,424)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 405,615 515,937
Unrealized (gain) loss on marketable equity securities (214,736) 190,405
Amortization of loan procurement costs 49,784 50,047
Stock-based compensation 31,706 29,162
Changes in operating assets and liabilities:    
Accounts receivable 28,002 55,423
Prepaid expenses and other assets (90,132) (84,099)
Accounts payable and accrued expenses 54,332 224,911
Net cash provided by operating activities 675,818 625,362
Cash flows from investing activities    
Construction   (746,487)
Improvements and equipment additions (42,035) (53,643)
Net cash used in investing activities (42,035) (800,130)
Cash flows from financing activities    
Principal payments on note payable (126,015) (120,850)
Dividends paid (607,177) (605,492)
Net cash used in financing activities (733,192) (726,342)
Net decrease in cash, cash equivalents, and restricted cash (99,409) (901,110)
Cash, cash equivalents, and restricted cash, beginning of period 1,955,443 4,263,565
Cash, cash equivalents, and restricted cash, end of period 1,856,034 3,362,455
Supplemental cash flow and noncash information    
Cash paid for interest 237,477 267,132
Supplemental disclosure of noncash activities:    
Dividends payable $ 126 $ 1,795