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 ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net Income (Loss) $ (43,707) $ 241,637
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 678,927 454,499
Stock based compensation 6,525 11,411
Changes in Assets and Liabilities:    
Accounts receivable 2,248 (155,747)
Other assets 4,923
Employee Loan 3,000
Right of use asset (344,716)
Prepaid expenses and other current assets 76,116 20,570
Accounts payable and accrued expenses (137,683) (119,145)
Deferred revenue 63,260 (106,348)
Deferred rent (18,890) 19,168
Operating lease liability 352,348
Net Cash provided by Operating Activities 634,428 373,968
Cash Flows from Investing Activities:    
Capital expenditures (33,354) (44,977)
Net Cash Used in Investing Activities (33,354) (44,977)
Cash Flows from Financing Activities:    
Repayments of capital lease obligations (546,182) (229,488)
Net Cash Used in Financing Activities (546,182) (229,488)
Increase in Cash and Cash Equivalents 54,892 99,503
Cash and Cash Equivalents, Beginning of Period 228,790 105,139
Cash and Cash Equivalents, End of Period 283,682 204,642
Supplemental Disclosures:    
Cash paid for interest 137,425 68,197
Cash paid for income taxes
Non-cash investing and financing activities:    
Accrual of preferred stock dividend 93,234 94,591
Assets acquired by finance lease $ 1,560,021