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, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net (loss) income $ (356,424) $ 187,823
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation and amortization 515,937 351,644
Unrealized loss (gain) on marketable equity securities 190,405 (154,449)
Amortization of loan procurement costs 50,047 50,298
Stock-based compensation 29,162 54,160
Changes in operating assets and liabilities:    
Accounts receivable 55,423 (23,736)
Prepaid expenses and other assets (84,099) (19,914)
Accounts payable and accrued expenses 224,911 167,521
Net cash provided by operating activities 625,362 613,347
Cash flows from investing activities    
Construction (746,487) (22,401)
Improvements and equipment additions (53,643) (7,390)
Net cash used in investing activities (800,130) (29,791)
Cash flows from financing activities    
Principal payments on note payable (120,850) (115,898)
Dividends paid (605,492) (499,044)
Net cash used in financing activities (726,342) (614,942)
Net decrease in cash and cash equivalents (901,110) (31,386)
Cash, cash equivalents, and restricted cash, beginning of period 4,253,565 1,712,266
Cash, cash equivalents, and restricted cash, end of period 3,352,455 1,680,880
Supplemental schedule of cash flow information    
Interest paid $ 267,132 $ 207,200