XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Cash Flows From Operating Activities    
Net loss $ (1,928,755) $ 255,625
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of leasehold improvements and equipment 129,472 82,506
Amortization of intangibles 23,833 11,311
Share-based compensation expense 319,830 324,035
Allowance for doubtful trade receivables (3,470) (28,785)
Loss from disposal of equipment 129 0
Non-cash financing costs 25,229 53,449
Changes in operating assets and liabilities:    
Trade receivables 822,079 (1,850,739)
Inventories (964,555) 1,464,561
Prepaid expenses and other assets (94,864) 14,082
Accounts payable 1,783,038 (3,318,853)
Accrued expenses (179,662) 47,995
Customer deposits and other 10,000 67,598
Deferred rent 39,632 (18,857)
Due to officer (32,500) 0
Net cash used in operating activities (50,564) (2,896,072)
Cash Flows From Investing Activities    
Purchases of leasehold improvements and equipment (161,998) (16,629)
Purchases of intangible assets (183,958) (15,000)
Net cash used in investing activities (345,956) (31,629)
Cash Flows From Financing Activities    
Proceeds from issuance of common stock, net of issuance costs 0 480,000
Proceeds from exercise of stock options 6,623 93,872
Principal payments on loan payable 0 (146,795)
Principal payments on capital leases (67,179) (53,542)
Net cash provided by (used in) financing activities (60,556) 373,535
Net decrease in cash (457,076) (2,554,166)
Cash Beginning of Period 1,642,429 5,549,672
Cash Ending of Period 1,185,353 2,995,506
Supplemental Disclosures of Cash Flow Information    
Cash payments for interest 12,683 135,046
Supplemental Schedule of Noncash Investing Activity    
Noncash consideration transferred for the acquisition of Healthspan Research LLC 1,187,430 0
Capital lease obligation incurred for purchases of equipment 108,743 0
Inventory supplied to Healthspan Research, LLC for equity interest, at cost 0 20,318
Retirement of fully depreciated equipment - cost 14,665 26,666
Retirement of fully depreciated equipment - accumulated depreciation $ (14,665) $ (26,666)