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 ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:        
Net income (loss) $ (143,681) $ 30,577 $ (222,527) $ 23,485
Adjustments to reconcile net income to net cash provided by operating activities:        
Stock & Option compensation 98,000 98,000
Commissions 35,000 35,000
Depreciation and amortization 11,121 2,890 21,023 5,140
Bad debt expense 3,409 3,688
Deferred income taxes
Inventory market value reserve (9,873)
(Increase) decrease in:        
Accounts receivable (36,795) (11,221) (113,654) (28,138)
Employee advances 45 (898)
Inventory (254,368) (251,590) (828,768) (463,089)
Prepaid expenses 5,776 (681) 13,734 3,241
Security deposits (2,500) (760) (2,500)
Increase (decrease) in:        
Accounts payable (150,813) (75,667) 152,947 90,439
Customer deposits (14,472) 7,361 (7,548) 4,073
Payroll liabilities 2,246 (5,821) 15,609 8,845
Sales tax payable 5,435 2,014 14,444 6,192
Net Cash Flow Used by Operating Activities (439,097) (304,638) (743,248) (352,312)
Cash Flows from Investing Activities:        
Acquisition of furniture and equipment (67,401) (53,450) (196,640) (67,825)
Net Cash Flow Used by Investing Activities (67,401) (53,450) (196,640) (67,825)
Cash Flows from Financing Activities:        
Short term borrowings (19,780) 9,439 15,856 33,907
Proceeds from long-term debt 28,042 56,569
Principal payments on long-term debt (2,766) (4,626)
Issuance of common stock 301,500 270,000 623,500 360,000
Net Cash Flow Provided by Financing Activities 306,996 279,439 691,299 393,907
Net Decrease in Cash and Cash Equivalents 199,502 78,649 248,589 26,230
Cash and Cash Equivalents at Beginning of period 650,330 162,979 699,417 110,559
Cash and Cash Equivalents at End of period 450,828 84,329 450,828 84,329
Supplemental Information:        
Interest paid during period 1,113 1,666
Taxes paid during period