Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net income (loss) $ (1,390,748) $ 4,811,884
Less: Net income from discontinued operations 0 (590,657)
Gain on sale of discontinued operations 0 (6,384,871)
Net loss from continuing operations (1,390,748) (2,163,644)
Adjustments to reconcile net (loss) from continuing operations to cash used in operating activities of continuing operations:    
Stock-based compensation expense 3,061 318,202
Stock issued to directors as compensation 36,000 72,000
Depreciation 33,543 19,789
Provision for doubtful accounts, net of recoveries (75) 72,396
Changes in operating assets and liabilities:    
Accounts receivable (373,066) (140,141)
Inventories 276,968 74,559
Prepaid expenses and other current assets (452,538) (182,864)
Deposits and other long term assets 0 (17,130)
Accounts payable (17,997) (97,175)
Accrued liabilities and expenses 65,966 (76,498)
Contract liability 268,010 0
Deferred revenue (512,066) 144,608
Related party payable 0 (97,127)
Customer deposits (124,380) 159,975
Contract assets (4,684) 0
Income tax payable 0 139,884
Deferred lease liability 13,002 3,098
Net Cash Used In Operating Activities of Continuing Operations (2,179,004) (1,770,068)
Net Cash Provided By Operating Activities of Discontinued Operations 0 517,242
Net Cash Used In Operating Activities (2,179,004) (1,252,826)
Cash Flows From Investing Activities:    
Purchase of property and equipment (7,493) (12,011)
Net proceeds from sale of subsidiary 0 11,805,220
Net Cash Used In Investing Activities of Continuing Operations (7,493) 11,793,209
Cash Flows From Financing Activities:    
Net payments on line of credit (682,211) (1,062,129)
Net Cash Used in Financing Activities of Continuing Operations (682,211) (1,062,129)
Net increase (decrease) in cash and cash equivalents (2,868,708) 9,478,254
Cash and cash equivalents at the beginning of the period 9,195,595 791,858
Cash and cash equivalents at the end of the period 6,326,887 10,270,112
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for interest 5,326 11,173
Cash paid during the period for income taxes, net of refunds $ 0 $ 8,151

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