v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net Income (Loss) $ 398,839 $ (1,258,885)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 928,180 932,328
Stock based compensation 338,145 643,930
Changes in Assets and Liabilities:    
Accounts receivable 1,158,493 373,201
Other assets (63,023)
Prepaid expenses and other current assets (287,368) (331,618)
Right of use asset 136,954 145,853
Accounts payable and accrued expenses (348,851) 147,487
Deferred revenue (21,518) (295,822)
Operating lease liability (141,450) (147,759)
Net Cash Provided by Operating Activities 2,161,424 145,692
Cash Flows from Investing Activities:    
 Capital expenditures (1,246,996) (62,564)
 Purchase of marketable securities (1,520,953)
Net Cash Used in Investing Activities (2,767,949) (62,564)
Cash Flows from Financing Activities:    
Repayments of finance lease obligations related party (392,287) (644,209)
Repayments of finance lease obligations (294,522) (299,954)
Cash received for the exercised of options 6,935
Net Cash Used in Financing Activities (686,809) (937,228)
Decrease in Cash and Cash Equivalents (1,293,334) (854,100)
Cash and Cash Equivalents, Beginning of Period 2,286,722 12,135,803
Cash and Cash Equivalents, End of Period 993,388 11,281,703
Supplemental Disclosures:    
Cash paid for interest 48,471 100,482
Cash paid for income taxes
Non-cash investing and financing activities:    
Assets acquired by finance lease $ 1,094,051

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