Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income (loss) $ 59,126 $ (14,266)
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 348,873 449,234
Unrealized loss on marketable equity securities 41,907  
Amortization of loan procurement costs 10,609 10,609
Compensation expense related to stock-based awards 884  
Changes in operating assets and liabilities:    
Accounts receivable 22,104 64,471
Prepaid expenses and other assets (41,544) 29,705
Accounts payable and accrued expenses 125,650 65,007
Net cash provided by operating activities 567,609 604,760
Cash flows from investing activities    
Construction (28,008)  
Improvements and equipment additions (24,171) (121,890)
Net cash used in investing activities (52,179) (121,890)
Cash flows from financing activities    
Dividends paid (495,266) (495,266)
Net cash used in financing activities (495,266) (495,266)
Net increase (decrease) in cash and cash equivalents 20,164 (12,396)
Cash, cash equivalents, and restricted cash, beginning of period 2,256,415 2,965,694
Cash, cash equivalents, and restricted cash, end of period 2,276,579 2,953,298
Supplemental schedule of cash flow information    
Interest paid $ 209,600 $ 209,600