XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 53,058 $ 90,275
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization 20,113 15,153
Gain on forgiveness of debt (39,709) 0
Bad debt expense 3,110 4,159
Common stock issued for services 59,500 5,482
(Gain) loss on change in fair value of derivative liabilities 134 (34)
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 80,470 (169,084)
(Increase) decrease in royalities receivable 0 150,750
(Increase) decrease in inventory 46,646 (131,750)
(Increase) decrease in prepaids and other assets (187,514) 98,815
Increase (decrease) in accrued royalties and dividends (183,166) (229,312)
Increase (decrease) in accounts payable (2,953) (25,616)
Increase (decrease) in accounts payable, related parties (48,547) 11,104
Increase (decrease) in accrued interest payable 35,014 43,839
Net cash flows used in operating activities (163,844) (136,219)
Cash flows from investing activities:    
Purchase of property and equipment (114,535) (702)
Net cash flows used in investing activities (114,535) (702)
Cash flows from financing activities:    
Payments on capital lease obligation (1,126) (1,194)
Payments on debt (72,831) (60,900)
Cash proceeds from sale of series C preferred stock 50,050 300,000
Net cash flows provided by (used in) financing activities (23,907) 237,906
Net increase (decrease) in cash (302,286) 100,985
Cash and cash equivalents, beginning of period 833,480 182,337
Cash and cash equivalents, end of period 531,194 283,322
Cash paid during the period for:    
Interest 0 2,420
Income Taxes 0 0
Supplemental non-cash investing and financing activities:    
Common stock issued for Series C dividends 0 99
Common stock issued for conversion of Series C Preferred Stock $ 0 $ 10,000