Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:    
Net income (loss) $ 42,830us-gaap_NetIncomeLoss $ (3,994,731)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) from operations to cash (used in) provided by operating activities:    
Gain on sale of product line 0us-gaap_GainLossOnSaleOfOtherAssets (41,902)us-gaap_GainLossOnSaleOfOtherAssets
Stock based compensation expense 15,046us-gaap_ShareBasedCompensation 89,565us-gaap_ShareBasedCompensation
Amortization of deferred financing costs 9,100us-gaap_AmortizationOfFinancingCosts 0us-gaap_AmortizationOfFinancingCosts
Depreciation 33,556us-gaap_Depreciation 16,837us-gaap_Depreciation
Amortization 241,680us-gaap_AdjustmentForAmortization 241,680us-gaap_AdjustmentForAmortization
Provision for doubtful accounts, net of recoveries (76,910)us-gaap_ProvisionForDoubtfulAccounts 197,151us-gaap_ProvisionForDoubtfulAccounts
Deferred income taxes 199,386us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 335,275us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Goodwill impairment 0us-gaap_GoodwillAndIntangibleAssetImpairment 2,774,016us-gaap_GoodwillAndIntangibleAssetImpairment
Changes in assets and liabilities:    
Accounts receivable 276,244us-gaap_IncreaseDecreaseInAccountsReceivable 1,169,200us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (87,868)us-gaap_IncreaseDecreaseInInventories (284,470)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses 75,934us-gaap_IncreaseDecreaseInPrepaidExpense 18,663us-gaap_IncreaseDecreaseInPrepaidExpense
Accounts payable (162,897)us-gaap_IncreaseDecreaseInAccountsPayable (123,441)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued liabilities and expenses (907,132)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (344,890)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred revenue 9,463us-gaap_IncreaseDecreaseInDeferredRevenue (6,265)us-gaap_IncreaseDecreaseInDeferredRevenue
Customer deposits 317,312us-gaap_IncreaseDecreaseInDeposits (41,358)us-gaap_IncreaseDecreaseInDeposits
Deferred lease liability 9,655us-gaap_IncreaseDecreaseInDeferredLiabilities (2,689)us-gaap_IncreaseDecreaseInDeferredLiabilities
Net Cash (Used In) Provided By Operating Activities (4,601)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 2,641us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows From Investing Activities:    
Purchase of property and equipment (120,668)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (25,577)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Change in restricted cash 319,000us-gaap_IncreaseDecreaseInRestrictedCash (382,000)us-gaap_IncreaseDecreaseInRestrictedCash
Net Cash Provided By (Used In) Investing Activities 198,332us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (407,577)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows From Financing Activities:    
Proceeds from line of credit 628,204us-gaap_ProceedsFromLinesOfCredit 0us-gaap_ProceedsFromLinesOfCredit
Payments on note payable (266,535)us-gaap_RepaymentsOfLongTermDebt (186,150)us-gaap_RepaymentsOfLongTermDebt
Net Cash Provided By (Used In) Financing Activities 361,669us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (186,150)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents 555,400us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (591,086)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at the beginning of the year 572,672us-gaap_CashAndCashEquivalentsAtCarryingValue 1,163,758us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at the end of the year 1,128,072us-gaap_CashAndCashEquivalentsAtCarryingValue 572,672us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash transactions:    
Cash paid during the year for interest 39,014us-gaap_InterestPaid 29,064us-gaap_InterestPaid
Cash paid during the year for income taxes 1,420us-gaap_IncomeTaxesPaid 9,967us-gaap_IncomeTaxesPaid
Non-cash transactions:    
Accretion of discount on redeemable preferred stock 90,149TKOI_AccretionOfDiscountOnRedeemablePreferredStock 705,170TKOI_AccretionOfDiscountOnRedeemablePreferredStock
Accretion of dividends on redeemable preferred stock 96,051TKOI_AccretionOfDividendsOnRedeemablePreferredStock 200,807TKOI_AccretionOfDividendsOnRedeemablePreferredStock
Conversion of preferred stock to common stock $ 0TKOI_ConversionOfPreferredStockToCommonStock $ 2,681,878TKOI_ConversionOfPreferredStockToCommonStock