v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities    
Net income $ 721,000 $ 1,647,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 118,000 95,000
Amortization of deferred financing fees 11,000
Stock-based compensation 4,000 15,000
Deferred taxes 277,000
Change in fair value of note payable (25,000)
Amortization on operating lease right of use asset 107,000 95,000
Accounts receivable (276,000) (224,000)
Other current assets 355,000 67,000
Accounts payable (47,000) 61,000
Accrued salaries and bonus (1,172,000) (398,000)
Other accrued expenses 216,000 (113,000)
Operating lease liabilities (130,000) (103,000)
Long-term liabilities 110,000 107,000
Net cash provided by operating activities 283,000 1,235,000
Cash Flows From Investing Activity    
Purchase of property and equipment (141,000)
Net cash used in investing activities (141,000)
Cash Flows From Financing Activities    
Payments made on note payable (1,500,000)
Net cash used in financing activities (1,500,000)
Net increase (decrease) in cash and cash equivalents 142,000 (265,000)
Cash and cash equivalents – beginning 2,505,000 1,461,000
Cash and cash equivalents – ending $ 2,647,000 $ 1,196,000

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