Financial Information

Cash Flow

v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ (733,563) $ 639,974
Adjustments to reconcile net income (loss) to net cash provided by (used) in operating activities    
Amortization of debt discount 131,596
Amortization of intangibles 83,903
(Gain) loss on discontinued operations and disposal (691,425)
Stock issued for services 16,000  
Stock compensation expense 154,600
Operating lease payments 1,799
Changes in Assets and Liabilities    
Trade accounts receivable (334,150) 42,391
Product deposit 33,302 (20,492)
Inventory 145,470 80,084
Other current assets 151,328 (51,735)
Deferred revenue 152,750
Deferred tax liability (4,000)
Accounts payable and accrued expenses 747,429 (103,945)
Net cash provided by (used in) operating activities of continuing operations 546,464 (105,148)
Net cash used in operating activities of discontinued operations 171,076
Net cash provided by operating activities 546,464 65,928
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment to seller for contingent consideration (500,000)
Proceeds from sale of legacy business 190,000
Net cash (used in) provided by investing activities (500,000) 190,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to non-controlling interest (34,298)
Proceeds from notes payable 50,000
Repayment of notes payable (167,479)
Net cash provided by (used in) financing activities 15,702 (167,479)
Net increase in cash 153,527 88,449
Cash at beginning of the period 180,093 141,379
Cash at end of the period 242,259 229,828
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 4,383 4,723
Conversion of liability as consideration on sale of legacy business 150,000
Retirement of stock 375,687
Stock repurchase from shareholder $ 375,687

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