Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.24.3
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Loss from continuing operations $ (1,494,700) $ (1,831,600)
Income (loss) from discontinued operations 3,700 159,900
Net Loss (1,491,000) (1,671,700)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 11,400 16,800
Gain on sale of fixed assets 500
Gain on assets held for sale (5,300) (175,600)
Bad debt (10,900)
Changes in operating assets and liabilities:    
Accounts receivable (127,300) 260,600
Contract assets (17,300) 121,400
Inventory 14,700 (7,000)
Prepaid expenses and other assets (223,200) 93,200
Accounts payable, accrued liabilities, and customer deposits 1,090,200 350,300
Contract liabilities (144,000) 120,800
Deferred revenue 243,400 14,600
Assets and liabilities held for sale (8,400) (31,500)
Net cash used in operating activities (656,300) (919,000)
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 capital lease obligations (201,200) (241,100)
Proceeds from short-term and long-term debt 805,000 850,000
Net cash provided by financing activities 603,800 608,900
Net increase (decrease) in cash (15,700) 28,400
Cash at the beginning of period 57,900 21,500
Cash at the end of period 42,200 49,900
Supplemental disclosures of cash flow information:    
Cash paid for interest 16,700 23,500
Financing of prepaid insurance premiums $ 37,400 $ 51,100