Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.24.2.u1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Loss from continuing operations $ (1,032,700) $ (1,377,700)
Income (loss) from discontinued operations 3,700 160,300
Net Loss (1,029,000) (1,217,400)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 7,600 11,200
Gain on sale of fixed assets (5,300)
Gain on assets held for sale 500 (175,600)
Changes in operating assets and liabilities:    
Accounts receivable (90,000) 104,200
Contract assets 3,100 64,700
Inventory 14,700 (7,300)
Prepaid expenses and other assets (119,900) 66,800
Accounts payable, accrued liabilities, and customer deposits 829,300 204,200
Contract liabilities (155,600) (23,000)
Deferred revenue 241,900 13,900
Assets and liabilities held for sale (42,900) (26,700)
Net cash used in operating activities (345,600) (985,000)
Cash flows from investing activities:    
Purchase of property and equipment (22,700)
Proceeds from the sale of fixed assets held for sale 59,500 338,500
Net cash (used) provided by investing activities 36,800 338,500
Cash flows from financing activities:    
Payments of notes and lease payable (64,800) (171,300)
Proceeds from short-term and long-term debt 380,000 850,000
Net cash provided by financing activities 315,200 678,700
Net increase (decrease) in cash 6,400 32,200
Cash at the beginning of period 57,900 21,500
Cash at the end of period 64,300 53,700
Supplemental disclosures of cash flow information:    
Cash paid for interest 11,900 22,200
Financing of prepaid insurance premiums $ 37,400 $ 51,100