Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net income (loss) $ 4,169,947 $ (944,701)
Less: Net income from discontinued operations (602,060) (2,050,998)
Gain on sale of discontinued operations (6,602,871) 0
Net loss from continuing operations (3,034,984) (2,995,699)
Adjustments to reconcile net loss from continuing operations to cash used in operating activities of continuing operations:    
Stock-based compensation expense 320,545 10,204
Stock issued to directors as compensation 108,000 36,000
Amortization of deferred financing costs 0 14,210
Depreciation 34,405 24,366
Provision for doubtful accounts, net of recoveries 15,013 7,047
Related party payable 0 161,075
Changes in operating assets and liabilities:    
Accounts receivable (380,462) 468,589
Inventories (305,087) (410,202)
Prepaid expenses and other current assets (54,941) 60,271
Deposits and other long term assets (17,130) 23,871
Accounts payable 305,322 (535,016)
Accrued liabilities and expenses 168,473 299,919
Deferred revenue 329,792 56,825
Related party payable (97,127) (15,928)
Customer deposits 49,746 27,985
Income taxes payable 85,884 0
Deferred lease liability 12,805 (1,818)
Net Cash Used In Operating Activities of Continuing Operations (2,459,746) (2,768,301)
Net Cash Provided By Operating Activities of Discontinued Operations 517,242 2,023,820
Net Cash Used In Operating Activities (1,942,504) (744,481)
Cash Flows From Investing Activities:    
Purchase of property and equipment (142,572) (33,629)
Net proceeds from sale of subsidiary 12,034,623 0
Change in restricted cash (800,000) 31,277
Net Cash Provided by (Used In) Investing Activities of Continuing Operations 11,092,051 (2,352)
Cash Flows From Financing Activities:    
Payments on notes payable 0 (79,864)
Proceeds from exercise of warrants 0 677,501
Proceeds from line of credit 3,572,500 4,327,068
Payments on line of credit (4,554,676) (4,217,068)
Net Cash (Used in) Provided By Financing Activities of Continuing Operations (982,176) 707,637
Net increase (decrease) in cash and cash equivalents 8,167,371 (39,196)
Cash and cash equivalents at the beginning of the period 791,858 951,249
Cash and cash equivalents at the end of the period 8,959,229 912,053
Cash transactions:    
Cash paid during the period for interest 11,485 30,980
Cash paid during the period for income taxes, net of refunds 58,551 0
Schedule of Non-Cash Investing Activities:    
Unpaid purchases of property and equipment included in accounts payable $ 66,693 $ 0