Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net income (loss) $ (1,184,166) $ 5,662,435
Less: Net income from discontinued operations 0 (571,802)
Gain on sale of discontinued operations 0 (6,384,871)
Net loss from continuing operations (1,184,166) (1,294,238)
Adjustments to reconcile net loss from continuing operations to cash used in operating activities of continuing operations:    
Stock-based compensation expense 1,531 314,686
Stock issued to directors as compensation 36,000 36,000
Depreciation 16,915 9,909
Provision for doubtful accounts, net of recoveries (3,356) 17,948
Changes in operating assets and liabilities:    
Accounts receivable 329,367 (323,644)
Inventories 416,048 88,484
Contract assets (295,479) 0
Prepaid expenses and other current assets (219,316) (171,854)
Deposits and other long term assets 0 (10,130)
Accounts payable (283,485) 131,867
Accrued liabilities and expenses (67,554) (74,142)
Contract liabilities 653,190 0
Deferred revenue (273,640) 50,313
Related party payable 0 (48,382)
Customer deposits (124,380) 60,793
Income taxes payable 0 139,884
Deferred lease liability 6,441 (987)
Net Cash Used In Operating Activities of Continuing Operations (991,884) (1,073,493)
Net Cash Provided By Operating Activities of Discontinued Operations 0 517,242
Net Cash Used In Operating Activities (991,884) (556,251)
Cash Flows From Investing Activities:    
Purchase of property and equipment (7,493) 0
Net proceeds from sale of subsidiary 0 12,431,521
Net Cash Provided by (Used In) Investing Activities of Continuing Operations (7,493) 12,431,521
Cash Flows From Financing Activities:    
Proceeds from line of credit 220,610 3,282,500
Payments on line of credit (279,969) (4,344,629)
Net Cash (Used in) Financing Activities of Continuing Operations (59,359) (1,062,129)
Net (decrease) increase in cash, cash equivalents and restricted cash (1,058,736) 10,813,141
Cash, cash equivalents and restricted cash at the beginning of the period 9,195,595 791,858
Cash, cash equivalents and restricted cash at the end of the period 8,136,859 11,604,999
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for interest $ 12,228 $ 10,484

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