LOM 2023 Annual Report - Report - Page 35
LOM
2021 ANNUAL REPORT
Consolidated Statements of Cash Flows
For the years ended December 31, 2021 and 2020
2021
2020
$9,467,515
$4,795,622
$419,927
$417,861
($156,900)
($211,740)
$255,501
-
$564,518
($503,612)
($205,786)
$16,948
Due from related parties
($14,179)
($2,035)
Prepaid expenses and other assets
$209,374
($119,647)
Accounts payable and accrued liabilities
$511,930
$25,716
Securities sold short, at fair value
($773)
($12,598)
Charge (benefit) for deferred taxes
($422)
$32,347
$1,583,190
($356,760)
$11,050,705
$4,438,862
($933,677)
($63,601)
Repurchase of common shares
($127,000)
($799,150)
Dividend paid
($103,274)
($54,221)
($90,000)
($90,000)
Net Cash Used in Financing Activities
($320,274)
($943,371)
Net Increase in Cash and Cash Equivalents
$9,796,754
$3,431,890
Cash and Cash Equivalents, Beginning of Year
$8,711,542
$5,279,652
$18,508,296
$8,711,542
$18,315,796
$8,491,542
$192,500
$220,000
$18,508,296
$8,711,542
$154,737
$182,168
Cash Flows from Operating Activities
Net Income
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Depreciation of property and equipment
Income from equity investment in affiliate
Dividends received from equity investment in affiliate
Changes in Operating Assets and Liabilities
Securities owned
Accounts receivable
Total Adjustments
Net Cash Provided by Operating Activities
Cash Flows from Investing Activities
Purchase of property and equipment
Cash Flows from Financing Activities
Bank loan, net of repayments
Cash and Cash Equivalents, End of Year
Cash and Cash Equivalents Represented By
Cash
Restricted Cash
Total
Supplemental Disclosure of Cash Flow Information
Interest Paid
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