Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statement of Cash Flows

v3.25.1
Consolidated Statement of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Loss from continuing operations $ (1,811,000) $ (2,540,200)
Income from discontinued operations 3,700 159,700
Net Loss (1,807,300) (2,380,500)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 15,000 22,600 [1]
Gain on sale of fixed assets 500
Share based payments 144,000
Gain on assets held for sale (5,300) (175,600)
Impairment Loss 182,200
Bad debt (155,000)
Changes in operating assets and liabilities:    
Accounts receivable (250,200) 454,700
Contract assets 17,000 121,700
Inventory 14,700 (7,400)
Prepaid expenses and other assets 81,300 51,000
Accounts payable, accrued liabilities, and customer deposits 1,085,500 697,100
Contract liabilities 299,800 293,800
Deferred revenue (22,700) 43,300
Assets and liabilities held for sale (8,400) (85,400)
Net cash used in operating activities (436,100) (937,500)
Cash flows from investing activities:    
Purchase of property and equipment (22,700) (14,900)
Proceeds from the sale of fixed assets held for sale 59,500 338,500
Net cash provided by investing activities 36,800 323,600
Cash flows from financing activities:    
Payments of notes and capital lease obligations (326,500) (239,700)
Proceeds from short-term and long-term debt 1,205,000 890,000
Net cash provided by financing activities 878,500 650,300
Net increase in cash 479,200 36,400
Cash at the beginning of period 57,900 21,500
Cash at the end of period 537,100 57,900
Supplemental disclosures of cash flow information:    
Cash paid for interest 33,600 25,700
Financing of prepaid insurance premiums $ 37,400 $ 51,100
[1] Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles.