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DICKERSON FLORIDA, INC. <br />(A Wholly-owned Subsidiary of The Dickerson Group, <br />Inc.) <br />Page 1 of 2 <br />STATEMENTS OF CASH FLOWS <br />YEARS ENDED DECEMBER 311 2019 and 2018 <br />2019 <br />2018 <br />Cash flow from operating activities: <br />Net earnings $ <br />1,063,730 <br />1,928,250 <br />Adjustments to reconcile net income to net <br />cash provided by operating activities: <br />Depreciation and amortization <br />157,711 <br />579,291 <br />Loss (gain) on sale of equipment <br />(516,569) <br />(229,717) <br />Changes in operating assets and liabilities: <br />Decrease .(increase) in accounts receivable <br />2,469,326 <br />3,,579,812 <br />Decrease (increase) in costs and estimated <br />earnings in excess of billings <br />(40,701) <br />792 <br />Decrease (increase) in inventory <br />(4,921) <br />3,315 <br />Decrease (increase) in prepaid expenses <br />(106.,000) <br />172,579 <br />Decrease (increase) in other current assets <br />(374,195) <br />2,437 <br />Increase (decrease) in accounts payable <br />(763,147) <br />(1,628,065) <br />Increase (decrease) in billings in excess <br />of cost and estimated earnings <br />(916,000) <br />(1,441,603) <br />Increase (decrease) in other current <br />liabilities <br />(80,918) <br />(72,945) <br />Net cash provided by (used in) <br />operating activities <br />888,316 <br />2,894,.146 <br />Cash from investing activities: <br />Decrease (increase) in intercompany <br />receivables, (2,300,061) (2,264,078) <br />Proceeds from sale of assets 623,975 230,626 <br />Purchase of equipment (51,236) - <br />Decrease (increase) in property.held for <br />development (1.3,037) (11,627) <br />Net cash provided by (used in) <br />investing activities (1,7404359) (2,045,080) <br />See accompanying notes to financial statements. <br />(5;) <br />