CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
|
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Cash Flows from Operating Activities: |
|
|
| Net income (loss) |
$ (6,827)
|
$ (139,536)
|
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |
|
|
| Depreciation |
1,614
|
2,899
|
| Inventory change |
(29)
|
22
|
| Gain on extinguishment of debt |
(39,355)
|
0
|
| Amortization of debt discount |
2,311
|
192,379
|
| Change in derivative liability |
64,556
|
106,196
|
| Change in derivative valuation |
0
|
(72,486)
|
| Changes in Accounts receivable |
(9,822)
|
27,200
|
| Billings in excess of costs on incomplete projects |
(105,430)
|
(111,002)
|
| Accounts payable and accrued expenses |
55,398
|
(51,211)
|
| Net cash used in operating activities |
(37,584)
|
(45,539)
|
| Cash Flows from Investing Activities: |
|
|
| Proceeds from investments in long term leases |
187
|
865
|
| Net cash provided by (used for) investing activities |
187
|
865
|
| Cash Flows from Financing Activities: |
|
|
| Proceeds from sale of common stock – net of expenses |
50,586
|
64,868
|
| Merchant loans – net of principal payments |
|
(11,579)
|
| Proceeds of related party notes payable |
(16,797)
|
(176)
|
| Proceeds from non-affiliate loan |
60,000
|
0
|
| Payments on term debt |
(27,980)
|
(1,407)
|
| Net cash provided by financing activities |
65,809
|
51,706
|
| Net increase (decrease) in cash |
28,412
|
7,032
|
| Cash, beginning of period |
5,046
|
12,534
|
| Cash, end of period |
33,458
|
19,566
|
| Cash paid for interest |
15,281
|
16,189
|
| Income taxes paid or accrued |
$ 0
|
$ 0
|