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ERNEST ENERGY, INC. AND SUBSIDIARIES <br />CONSOLIDATED STATEMENT OF CASH FLOWS <br />FOR THE YEAR ENDED DECEMBER 31, 2022 <br /> <br />See independent accountants’ compilation report. <br />6 <br />CASH FLOWS FROM OPERATING ACTIVITIES: <br />Cash received from contracts 1,192,119$ <br />Cash paid for contract costs (1,397,643) <br />Cash paid for general and administrative costs (1,288,770) <br /> Cash Disbursed For Operating Activities (2,686,413) <br />Net Cash Used In Operating Activities (1,494,294) <br />CASH FLOWS FROM INVESTING ACTIVITIES: <br />Acquisition of Electrik Pros, LLC (608,730) <br />Net Cash Used In Operating Activities (608,730) <br />CASH FLOWS FROM FINANCING ACTIVITIES: <br />Stockholders' contributions 2,520,000 <br />Payments on note payable to stockholder (467,001) <br />Net Cash Provided By Financing Activities 2,052,999 <br />NET DECREASE IN CASH (50,025) <br />CASH, BEGINNING OF YEAR 1,415,000 <br />CASH, END OF YEAR 1,364,975$