Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net Income $ 89,583 $ 13,139
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 452,136 306,730
Stock-based compensation 4,350 2,051
Changes in Assets and Liabilities:    
Accounts receivable (10,848) (607,143)
Other assets (321) 4,864
Right of use asset (323,531) 0
Prepaid expenses and other current assets 27,230 19,028
Accounts payable and accrued expenses (199,877) 415,946
Deferred revenue (33,239) (40,579)
Deferred rent (18,890) (490)
Operating lease liabilities 330,415 0
Net Cash Provided by Operating Activities 317,008 113,546
Cash Flows from Investing Activities:    
Capital expenditures (33,354) (24,135)
Net Cash Used in Investing Activities (33,354) (24,135)
Cash Flows from Financing Activities:    
Repayments of capital lease obligations (320,432) (112,574)
Net Cash By Used in Financing Activities (320,432) (112,574)
Decrease in Cash and Cash Equivalents (36,778) (23,163)
Cash and Cash Equivalents, Beginning of Period 228,790 105,139
Cash and Cash Equivalents, End of Period 192,012 81,976
Supplemental Disclosures:    
Cash paid for interest 91,119 40,142
Cash paid for income taxes 0 0
Non-cash investing and financing activities:    
Accrual of preferred stock dividend 62,156 61,935
Assets acquired by Finance lease $ 1,560,021 $ 0