Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 454,601 $ 3,822
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 698,046 901,920
Unrealized gain on marketable equity securities (175,442)  
Amortization of loan procurement costs 21,218 21,217
Compensation expense related to stock-based awards 27,312  
Changes in operating assets and liabilities:    
Accounts receivable 15,136 37,361
Prepaid expenses and other assets (29,880) 68,276
Accounts payable and accrued expenses 181,618 72,828
Net cash provided by operating activities 1,192,609 1,105,424
Cash flows from investing activities    
Improvements and equipment additions (50,680) (196,713)
Construction (48,893)  
Net cash used in investing activities (99,573) (196,713)
Cash flows from financing activities    
Dividends paid (995,286) (990,531)
Net cash used in financing activities (995,286) (990,531)
Net increase (decrease) in cash and cash equivalents 97,750 (81,820)
Cash, cash equivalents, and restricted cash, beginning of period 2,256,415 2,965,694
Cash, cash equivalents, and restricted cash, end of period 2,354,165 2,883,874
Supplemental schedule of cash flow information    
Interest paid $ 419,200 $ 419,200