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, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net (loss) income $ (378,568) $ 324,668
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation and amortization 1,018,681 704,376
Unrealized loss (gain) on marketable equity securities 218,169 (227,282)
Amortization of loan procurement costs 100,029 100,534
Stock-based compensation 64,479 105,890
Changes in operating assets and liabilities:    
Accounts receivable 77,996 (38,340)
Prepaid expenses and other assets (107,514) (35,730)
Accounts payable and accrued expenses 40,494 170,034
Net cash provided by operating activities 1,033,766 1,104,150
Cash flows from investing activities    
Construction (1,043,538) (244,674)
Improvements and equipment additions (100,427) (21,877)
Net cash used in investing activities (1,143,965) (266,551)
Cash flows from financing activities    
Principal payments on note payable (242,972) (233,014)
Dividends paid (1,212,669) (1,000,475)
Net cash used in financing activities (1,455,641) (1,233,489)
Net decrease in cash and cash equivalents (1,565,840) (395,890)
Cash, cash equivalents, and restricted cash, beginning of period 4,253,565 1,712,266
Cash, cash equivalents, and restricted cash, end of period 2,687,725 1,316,376
Supplemental schedule of cash flow information    
Interest paid $ 518,070 $ 413,181