Cash Flow

v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (580,182) $ (1,043,585)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for credit losses 112,330 204,668
Depreciation and amortization 1,233 1,425
Loss on marketable securities sold 194
Changes in assets - (increase) decrease:    
Other receivables 13,955 21,792
Prepaid expenses 7,929 12,051
Changes in liabilities - increase (decrease):    
Accounts payable and accrued expenses 98,739 276,751
Loans receivable originated (75,000) (290,000)
Loans receivable repaid 396,436 473,799
NET CASH USED IN OPERATING ACTIVITIES (24,560) (342,905)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of marketable securities (2,092)
Sale of marketable securities 1,898
NET CASH USED IN INVESTING ACTIVITIES (194)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (24,560) (343,099)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 365,934 704,006
CASH AND CASH EQUIVALENTS, END OF YEAR 341,374 360,907
Supplemental disclosures:    
Interest paid in cash
Income taxes paid in cash

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