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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
Cash flows from operating activities:        
Net loss $ 98,838 $ (233,106) $ (440,830) $ 315,601
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization of property and equipment 246,890     198,975
Amortization of intangible assets 181,095     180,886
Amortization of other assets 11,218     12,189
Stock-based compensation expense 129,793 115,343 56,082 43,658
Change in allowance for doubtful accounts receivable 0     (12,483)
Change in allowance for inventory obsolescence (1,740)     (31,046)
Amortization deferred gain on sale/leaseback (37,611)     (37,612)
Change in fair value of earn-out liability 0     (375,000)
Change in operating assets and liabilities:        
Trade accounts receivable 191,301     (713,704)
Inventories 399,279     255,680
Prepaid expenses (10,900)     (87,373)
Other assets (4,268)     (12,458)
Income tax receivable (18,100)     (1,784)
Accounts payable and accrued expenses 806,846     385,821
Net cash provided by operating activities 1,992,641     121,350
Cash flows from investing activities:        
Purchase of property and equipment (65,969)     (26,065)
Net cash used in investing activities (65,969)     (26,065)
Cash flows from financing activities:        
Principal payments on long-term debt (46,617)     (40,045)
Principal payments on finance lease liability (72,198)     (58,334)
Payment of acquisition holdbacks (125,000)     0
Net change in line of credit (1,463,733)     (1,256,325)
Net cash used in financing activities (1,707,548)     (1,354,704)
Net change in cash and cash equivalents 219,124     (1,259,419)
Cash and cash equivalents and restricted cash at beginning of the period 256,030   $ 436,697 1,696,116
Cash and cash equivalents and restricted cash at end of the period 475,154 $ 256,030   436,697
Supplemental disclosure of cash flow information:        
Cash paid for interest 141,424     133,811
Supplemental disclosure of non-cash investing and financing activity:        
Preferred stock dividends paid or to be paid in common stock 166,904     186,637
Finance lease obligations incurred to obtain ROU assets 3,086     0
Operating lease obligations incurred to obtain ROU assets 3,749,809     0
Inventory reclassified to demonstration equipment $ 0     $ 239,106