Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:    
Net (loss) $ (431,244) $ (528,756)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Depreciation 52,962 16,436
Bad debt expense 66,828 9,791
Inventory market value reserve (6,000) 38,500
Stock issued for services 35,000
Stock compensation 184,333 229,950
(Increase) decrease in:    
Accounts receivable (395,208) (38,647)
Employee advances (7,728) (2,950)
Inventory (1,256,799) (1,003,855)
Prepaid expenses (7,542) (11,166)
Security deposits (15,296) (19,140)
Increase (decrease) in:    
Accounts payable 243,835 124,313
Customer deposits 33,262 10,160
Payroll and payroll tax liabilities 33,143 26,918
Sales taxes payable 24,849 12,807
Net Cash (Used In) Operating Activities (1,470,907) (1,135,639)
Cash Flows from Investing Activities:    
Acquisition of furniture and equipment (331,580) (253,717)
Net Cash (Used In) Investing Activities (331,580) (253,717)
Cash Flows from Financing Activities:    
Net proceeds on short term borrowing 51,696 48,714
Net proceeds from long-term debt, net 41,171 23,999
Issuance of common stock 1,616,847 1,905,501
Net Cash Provided by Financing Activities 1,709,714 1,978,214
Net Increase (Decrease) in Cash and Cash Equivalents (92,773) 588,858
Cash and Cash Equivalents at Beginning of Period 699,417 110,559
Cash and Cash Equivalents at End of Period 606,644 699,417
Supplemental Information:    
Interest paid during the period 5,251 2,916
Taxes paid during the period $ 0 $ 0