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ERNEST ENERGY, INC. AND SUBSIDIARIES <br />CONSOLIDATED STATEMENT OF CASH FLOWS <br />FOR THE YEAR ENDED DECEMBER 31, 2023 <br /> <br />See independent accountants’ review report and notes to consolidated financial statements. <br />6 <br />CASH FLOWS FROM OPERATING ACTIVITIES: <br />Cash received from contracts 4,875,601$ <br />Interest income received 60,475 <br /> Cash Provided By Operating Activities 4,936,076 <br />Cash paid for contract costs (3,656,145) <br />Cash paid for general and administrative costs (2,075,084) <br /> Cash Disbursed For Operating Activities (5,731,229) <br />Net Cash Used In Operating Activities (795,153) <br />CASH FLOWS FROM INVESTING ACTIVITIES: <br />Contingent payment for historical acquisition of Electrik Pros, LLC (440,000) <br />Net Cash Used In Investing Activities (440,000) <br />CASH FLOWS FROM FINANCING ACTIVITIES: <br />Stockholders' contributions 3,260,454 <br />Employee stock plan 5,431 <br /> Cash Provided For Financing Activities 3,265,885 <br />Payments on note payable to stockholder (32,999) <br />Net Cash Provided By Financing Activities 3,232,886 <br />NET INCREASE IN CASH 1,997,733 <br />CASH, BEGINNING OF YEAR 1,364,975 <br />CASH, END OF YEAR 3,362,708$ <br /> <br /> <br />