Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net income (loss) $ (211,682) $ (121,924)
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock & Option compensation 184,333 139,750
Commissions 35,000  
Depreciation and amortization 38,181 10,214
Bad debt expense 3,688 1,369
(Increase) decrease in:    
Accounts receivable (331,157) (15,215)
Employee advances (1,933) (2,700)
Inventory (1,076,310) (665,745)
Prepaid expenses 6,426 (5,517)
Security deposits (6,423) (13,840)
Increase (decrease) in:    
Accounts payable 277,016 109,751
Customer deposits 8,432 (5,180)
Payroll liabilities 13,607 21,629
Sales tax payable 25,059 8,296
Net Cash Flow Used by Operating Activities (1,035,763) (539,112)
Cash Flows from Investing Activities:    
Acquisition of furniture and equipment (240,383) (161,598)
Net Cash Flow Used by Investing Activities (240,383) (161,598)
Cash Flows from Financing Activities:    
Short term borrowings 43,319 (12,482)
Proceeds from long-term debt 57,324 25,852
Principal payments on long-term debt (10,940) (459)
Issuance of common stock 998,500 1,052,500
Net Cash Flow Provided by Financing Activities 1,088,203 1,065,411
Net Increase (Decrease) in Cash and Cash Equivalents (187,943) 364,701
Cash and Cash Equivalents at Beginning of period 699,417 110,559
Cash and Cash Equivalents at End of period 511,474 475,260
Supplemental Information:    
Interest paid during period 3,050 $ 172
Taxes paid during period