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 ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net income (loss) $ 120,122 $ (744,078)
Adjustments to reconcile net income (loss) from operations to cash used in operating activities:    
Stock-based compensation expense 3,751 4,203
Amortization of deferred financing costs 4,737 4,737
Depreciation 8,414 8,882
Amortization 60,420 60,420
Provision for doubtful accounts, net of recoveries 18,796 (3,991)
Deferred income taxes 51,312 51,312
Changes in assets and liabilities:    
Accounts receivable (554,225) 546,695
Inventories 109,908 (130,992)
Prepaid expenses and other current assets (78,063) (37,556)
Deposits and other long term assets 0 238
Accounts payable (66,093) (278,636)
Accrued liabilities and expenses 321,219 53,271
Deferred revenue (49,249) 60,824
Customer deposits (38,238) (10,529)
Deferred lease liability (2,898) 97
Net Cash Used In Operating Activities (90,087) (415,103)
Cash Flows From Investing Activities:    
Purchase of property and equipment (2,743) 0
Net Cash Used In Investing Activities (2,743) 0
Cash Flows From Financing Activities:    
Payments on notes payable (53,594) (82,528)
Net Proceeds (payments) from line of credit 160,000 (75,000)
Net Cash Provided By (Used In) Financing Activities 106,406 (157,528)
Net increase (decrease) in cash and cash equivalents 13,576 (572,631)
Cash and cash equivalents at the beginning of the period 951,249 1,128,072
Cash and cash equivalents at the end of the period 964,825 555,441
Cash transactions:    
Cash paid during the year for interest 11,684 19,937
Non-cash transactions:    
Accretion of dividends on redeemable preferred stock $ 0 $ 23,684