XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (509,370) $ (203,373)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 220,288 212,898
Share-based compensation 356,354 0
Unrealized loss (gain) on stock price guarantee (8,498) 8,339
Write-off of other receivables 0 1,040
Changes in assets and liabilities:    
Accounts receivable 6,772 (35,480)
Prepaid expenses and other current assets (10,884) (10,711)
Accounts payable 11,894 52,972
Accrued expenses (3,188) 17,268
Contract liabilities (9,566) (155)
Net cash provided by operating activities 53,802 42,798
Cash flows from investing activities:    
Purchase of property and equipment (18,756) (5,037)
Net cash used in investing activities (18,756) (5,037)
Cash flows from financing activities:    
Payments on capital leases (2,024) (262)
Payments on note payable (76,565) (7,650)
Payments on related party note payable (29,965) (26,290)
Net cash used in financing activities (108,554) (34,202)
Effect of exchange rate changes on cash and cash equivalents (12,530) 929
Net change in cash and cash equivalents (86,038) 4,488
Cash and cash equivalents, beginning of period 535,520 339,562
Cash and cash equivalents, end of period 449,482 344,050
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Income taxes 800 450
Interest 964 2,261
SUPPLEMENTAL DISCLOSURES OF NON-CASH ITEMS    
Repurchase of preferred and common stock with note payable $ 51,744 $ 0