Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows (Unaudited)

v3.8.0.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (953,430) $ (283,309)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 45,011 20,522
Amortization of debt discount 317,255
Stock-based compensation expense 216,200 77,000
(Increase) decrease in:    
Accounts receivable (91,548) (116,347)
Inventory (2,127,430) (943,002)
Prepaid expenses and other assets 54,103 (19,687)
Increase (decrease) in:    
Accounts payable 335,298 300,960
Payroll and payroll tax liabilities 15,787 20,265
Customer deposits 364,038 (32,332)
Sales tax payable 40,176 18,942
Net cash used in operating activities (1,784,540) (956,988)
Cash flows from investing activities:    
Purchase of furniture and equipment (53,613) (123,648)
Purchase of intangibles (607,410) (256,113)
Net cash used in investing activities (661,023) (379,761)
Cash flows from financing activities:    
Principal payments on long term debt (82,770) (5,794)
Proceeds from issuance of convertible debt, net of expenses 8,915,573
Proceeds from the sale of common stock and exercise of warrants, net of expenses 1,160,158 2,060,120
Net cash provided by financing activities 9,992,961 2,054,326
Net increase in cash 7,547,398 717,577
Cash at the beginning of period 1,215,265 606,644
Cash at the end of period 8,762,663 1,324,221
Supplemental disclosures of non-cash financing activities:    
Cash paid for interest 8,018 1,151
Common stock issued for accrued payroll 108,420
Debt converted to equity 632,353
Warrants issued for debt discount 4,239,000
Acquisition of vehicles with debt financing 29,256
Assets acquired by issuance of common stock 961,400
Acquisition of assets with seller financing $ 564,000