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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities    
Net Income $ 838,811 $ 718,473
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 237,142 237,142
Amortization of debt costs 25,191 25,187
Stock-based compensation 222,721 195,889
Changes in operating assets and liabilities    
(Increase) decrease in other assets (15,799)
(Decrease) in deferred revenue (45,501) (54,133)
(Increase) decrease in prepaid expenses (2,617) 17,468
(Decrease) increase in accounts payable 3,622 (63,551)
Increase in accounts payable, related party 198 1,176
(Decrease) in accrued interest (3,683) (2,827)
(Decrease) in prepaid rent (9,924) (5,413)
Net cash provided by operating activities 1,265,960 1,053,612
Financing Activities    
Principal payment on long-term debt (361,447) (344,115)
Cash dividends paid on preferred stock (280,232) (279,871)
Net cash used in financing activities (641,679) (623,986)
Net increase in cash and cash equivalents 624,281 429,626
Cash and cash equivalents, beginning of period 1,146,730 717,104
Cash and cash equivalents, end of period 1,771,011 1,146,730
Supplemental disclosure of cash flow information:    
Interest paid $ 447,026 $ 467,204