CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
9 Months Ended |
Sep. 30, 2018 |
Sep. 30, 2017 |
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ 58,809
|
$ (197,329)
|
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |
|
|
| Provision for bad debt |
215,000
|
170,000
|
| Stock based compensation |
5,000
|
10,900
|
| Depreciation and amortization expense |
14,725
|
14,183
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable, net |
(359,716)
|
(76,421)
|
| Inventories |
(21,090)
|
6,987
|
| Prepaid expenses and other assets |
(11,296)
|
(9,250)
|
| Deferred Revenue |
22,935
|
0
|
| Due to related party |
(6,603)
|
10,396
|
| Accounts payable and accrued liabilities |
21,981
|
(16,457)
|
| Net cash used in operating activities |
(60,255)
|
(86,991)
|
| Cash flows from investing activities: |
|
|
| Purchase of equipment |
0
|
(3,614)
|
| Net cash used in investing activities |
0
|
(3,614)
|
| Cash flows from financing activities: |
|
|
| Payment of notes payable and long-term debt |
(135,000)
|
(50,000)
|
| Proceeds from line of credit, net |
165,000
|
25,000
|
| Net cash provided by (used) in financing activities |
30,000
|
(25,000)
|
| Net decrease in cash and cash equivalents |
(30,255)
|
(115,605)
|
| Cash and cash equivalents at beginning of period |
77,843
|
256,263
|
| Cash and cash equivalents at end of period |
47,588
|
140,658
|
| Supplementary cash flow information: |
|
|
| Interest paid |
47,770
|
41,497
|
| Taxes paid |
$ 0
|
$ 0
|