XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (990,670) $ (946,633)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 179,607 143,684
Right of use amortization 146,500 142,160
Reserve for note receivable 3,639 102,474
Deferred taxes (270,000) (329,000)
Impairment of investment in That's Eatertainment, related party 140,000
Changes in operating assets and liabilities:    
Accounts receivable, net (433,219) (764,418)
That's Eatertainment note receivable, net, related party (3,639)
Trade note receivable, net 651
Interest receivable 3,934 (2,910)
Inventory, net (979,389) (901,876)
Unbilled revenue 1,481,822 (355,538)
Prepaid expenses and other current assets (80,211) (214,838)
Other assets 508 (80,268)
Security deposits, long-term (1,571) 320,044
Accounts payable and other accrued expenses 248,232 81,643
Payments on operating lease liability (145,663) (116,288)
Deferred revenue 409,745 988,643
Net cash used in operating activities (290,375) (1,932,470)
Cash flows from investing activities:    
Purchase of certificates of deposit (1,880,000)
Redemption of certificates of deposit 1,675,000 3,490,000
Purchase of intangible asset (43,240) (160,000)
Purchase of property and equipment (304,739) (309,921)
Proceeds from sale of property and equipment 2,631
Net cash provided by investing activities 1,327,021 1,142,710
Cash flows from financing activities:    
Repurchase of stock options (5,846) (4,367)
Stock options exercised 13,215 5,651
Purchase of treasury stock (318,204)
Note payable-PPP Loan 1,320,714
Net cash provided by (used in) financing activities 1,328,083 (316,920)
Net increase (decrease) in cash 2,364,729 (1,106,680)
Cash, beginning of period 1,415,091 2,500,381
Cash, end of period 3,779,820 1,393,701
Cash (refunded) paid:    
Taxes (refunded) paid (44,474) 4,752
Supplemental disclosure of non-cash investing and financing activities:    
Treasury stock cancelled $ 292,138