Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows (Unaudited)

v3.7.0.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (283,309) $ (78,844)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for doubtful accounts receivable 279
Depreciation and amortization 20,522 9,902
Stock-based compensation expense 77,000 86,333
Inventory valuation reserve (9,873)
(Increase) decrease in:    
Accounts receivable (116,347) (76,859)
Inventory (943,002) (574,399)
Prepaid expenses and other assets (19,687) 6,254
Increase (decrease) in:    
Accounts payable 280,145 303,760
Payroll and payroll tax liabilities 20,265 13,363
Customer deposits (32,332) 6,924
Sales tax payable 18,942 9,009
Net cash used in operating activities (977,803) (304,151)
Cash flows from investing activities:    
Purchase of furniture and equipment (123,648) (129,239)
Purchase of intangibles (256,113)
Net cash used in investing activities (379,761) (129,239)
Cash flows from financing activities:    
Principal payments on long term debt (5,794) (1,860)
Proceeds from short term financing 20,815 35,636
Proceeds from long term debt 28,527
Proceeds from the sale of common stock and warrants, net of expenses 2,060,120 322,000
Net cash provided by financing activities 2,075,141 384,303
Net increase (decrease) in cash 717,577 (49,087)
Cash at the beginning of period 606,644 699,417
Cash at the end of period 1,324,221 650,330
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,151 553
Taxes paid $ 800