Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net income (loss) $ (2,671,756) $ 4,169,947
Less: Net income from discontinued operations 0 (602,060)
Gain on sale of discontinued operations 0 (6,602,871)
Net loss from continuing operations (2,671,756) (3,034,984)
Adjustments to reconcile net (loss) from continuing operations to cash used in operating activities of continuing operations:    
Stock-based compensation expense 4,590 320,545
Stock issued to directors as compensation 108,000 108,000
Depreciation 50,339 34,405
Provision for doubtful accounts, net of recoveries 101,917 15,013
Changes in operating assets and liabilities:    
Accounts receivable 285,330 (380,462)
Inventories (630,449) (305,087)
Prepaid expenses and other current assets (515,403) (54,941)
Deposits and other long term assets 0 (17,130)
Accounts payable (335,056) 305,322
Accrued liabilities and expenses 297,803 168,473
Contract liability 266,237 0
Deferred revenue (512,066) 329,792
Related party payable 0 (97,127)
Customer deposits (124,380) 49,746
Contract assets (7,292) 0
Income tax payable (10,018) 85,884
Deferred lease liability 17,893 12,805
Net Cash Used In Operating Activities of Continuing Operations (3,674,311) (2,459,746)
Net Cash Provided By Operating Activities of Discontinued Operations 0 517,242
Net Cash Used In Operating Activities (3,674,311) (1,942,504)
Cash Flows From Investing Activities:    
Purchase of property and equipment (7,492) (142,572)
Net proceeds from sale of subsidiary 0 12,034,623
Net Cash (Used In) Provided By Investing Activities of Continuing Operations (7,492) 11,892,051
Cash Flows From Financing Activities:    
Proceeds from line of credit 1,100,000 3,572,500
Payments on line of credit (1,526,481) (4,554,676)
Net Cash Used in Financing Activities of Continuing Operations (426,481) (982,176)
Net (decrease) increase in cash and cash equivalents (4,108,284) 8,967,371
Cash and cash equivalents at the beginning of the period 9,195,595 791,858
Cash, cash equivalents and restricted cash at the end of the period 5,087,311 9,759,229
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for interest 21,430 11,485
Cash paid during the period for income taxes, net of refunds 12,410 58,551
Schedule of Non-Cash Investing Activities:    
Unpaid purchases of property and equipment included in accounts payable $ 0 $ 66,693

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