v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 1,219,368 $ 857,680
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 814,563 816,064
Unrealized loss on marketable equity securities 36,792 95,348
Unrealized loss on interest rate cap premium 17,250 49,225
Amortization of loan procurement costs 56,687 68,918
Stock-based compensation 172,954 143,929
Changes in operating assets and liabilities:    
Accounts receivable 23,504 13,784
Prepaid expenses and other assets 63,999 (12,131)
Accounts payable and accrued expenses 6,355 11,664
Net cash provided by operating activities 2,411,472 2,044,481
Cash flows from investing activities    
Improvements and equipment additions (107,095) (62,440)
Net cash used in investing activities (107,095) (62,440)
Cash flows from financing activities    
Principal payments on note payable (299,520) (287,245)
Dividends paid (1,635,574) (1,621,499)
Net cash used in financing activities (1,935,094) (1,908,744)
Net increase in cash, cash equivalents, and restricted cash 369,283 73,297
Cash, cash equivalents, and restricted cash, beginning of period 7,210,061 7,028,546
Cash, cash equivalents, and restricted cash, end of period 7,579,344 7,101,843
Supplemental cash flow and noncash information    
Cash paid for interest 346,675 358,950
Supplemental disclosure of noncash activities:    
Dividends payable $ 5,161 $ 3,910