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Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (563,000) $ (440,000)
Adjustments to reconcile net loss to net cash provided by / (used in) operating activities:    
Depreciation and amortization 60,000 61,000
Amortization of debt issuance costs 37,000 82,000
Allowance for doubtful accounts 1,000 (2,000)
Provision for slow moving and obsolete inventory 114,000 63,000
Share-based payment expense 2,000 4,000
Director fee paid with restricted stock 31,000 5,000
Refinance fee paid with restricted stock 21,000 0
Changes in:    
Accounts receivable 5,000 (38,000)
Inventory 94,000 66,000
Prepaid expenses and other current assets (56,000) 11,000
Accounts payable (48,000) 247,000
Accrued expenses and other current liabilities 9,000 78,000
Wages payable (6,000) (142,000)
Net cash used in operating activities (299,000) (5,000)
Cash flows from investing activities:    
Purchase of property, plant, and equipment (4,000) 0
Net cash used in investing activities (4,000) 0
Cash flows from financing activities:    
Proceeds from debt financing 332,000 62,000
Payments on debt financing (7,000) (85,000)
Proceeds from Private Placement 164,000 0
Proceeds from lines of credit 3,449,000 2,876,000
Payments on lines of credit (3,578,000) (2,946,000)
Net cash provided by / (used in) financing activities 360,000 (93,000)
Net change in cash and cash equivalents 57,000 (98,000)
Cash and cash equivalents - beginning of period 4,000 113,000
Cash and cash equivalents - end of period 61,000 15,000
Supplemental disclosures of cash flow information:    
Debt issuance cost paid with restricted stock 0 14,000
Loans converted to stock 39,000 0
Cash paid during period for interest 109,000 117,000
Cash paid during period for taxes $ 2,000 $ 2,000