Cash Flow

v3.24.1.u1
Consolidated Statement of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Loss from continuing operations $ (2,540,200) $ (2,060,900)
Income (loss) from discontinued operations 159,700 (650,600)
Net Loss (2,380,500) (2,711,500)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization [1] 22,600 90,800
Loss on sale of fixed assets 4,900
Gain on debt extinguishment (96,600)
Gain on assets held for sale (175,600)
Other Income (50,800)
Impairment Loss 182,200 319,700
Bad debt (155,000) 179,200
Changes in operating assets and liabilities:    
Accounts receivable 454,700 (283,100)
Contract assets 121,700 (135,100)
Inventory (7,400) 192,300
Prepaid expenses and other assets 51,000 79,900
Accounts payable, accrued liabilities, and customer deposits 697,100 1,376,200
Contract liabilities 293,800 10,100
Deferred revenue 43,300
Assets and liabilities held for sale (85,400)
Net cash used in operating activities (937,500) (1,024,000)
Cash flows from investing activities:    
Purchase of property and equipment (14,900) (18,400)
Proceeds from the sale of assets held for sale 338,500 10,100
Net cash (used) provided by investing activities 323,600 (8,300)
Cash flows from financing activities:    
Payments of notes (239,700) (85,000)
Payments of short-term notes - related party (25,000)
Proceeds from short-term and long-term debt 890,000 975,000
Net cash provided by financing activities 650,300 865,000
Net increase (decrease) in cash 36,400 (167,300)
Cash at the beginning of period 21,500 188,800
Cash at the end of period 57,900 21,500
Supplemental disclosures of cash flow information:    
Cash paid for interest 25,700 34,600
Investment in PSMW 182,200
Financing of prepaid insurance premiums 51,100 56,000
Non-cash purchase of equipment 13,300
Non-cash repayment of debt - PPP Loan 96,600
Non-cash payment of interest $ 15,400
[1] Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles.

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