Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Supplemental Disclosure for Statements of Cash Flows

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Note 16 - Supplemental Disclosure for Statements of Cash Flows
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Cash Flow, Supplemental Disclosures [Text Block]
16.
Supplemental Disclosure for Statements of Cash Flows
 
During the
three
-month periods ended
March 
31,
2021
and
2020,
we paid interest aggregating
$3,000
in both periods. During the
three
-month period ended
March 31, 2021,
we collected approximately
$2.925
million of stock subscriptions which were received prior to the filing of our Annual Report on Form
10
-K for the year ended
December 31, 2020
and were included in stock subscriptions receivable in our consolidated balance sheet as of
December 31, 2020.
In
February 2020,
the Company amended its existing office lease and recognized a right-of-use lease asset in exchange for a lease liability of
$100,432.
During the
three
-month period ended
March 31, 2021,
we issued
30,018
shares of our Common Stock valued at
$77,000
as matching contributions to our
401
(k) Plan. During the
three
-month period ended
March 31, 2020,
we issued
53,315
shares of our Common Stock valued at
$65,000
to our employees as partial payment in lieu of cash for their
2019
bonuses.