XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:    
Net income/(loss) $ (600,574) $ 331,309
Adjustments to reconcile net loss to net cash used in Operating activities:    
Depreciation and amortization 83,890 80,648
Additional interest expense on convertible debt 60,608 0
Forgiveness of debt 0 (50,646)
Gain on settlement of debt 0 (286,873)
Recognition of vesting stock option expense 24,500 0
Income from equity method investment (9,951) 0
Bad debt expense 12,558 22,207
Inventory obsolescence 0 57,483
Common stock issued for services 0 60,250
(Gain) loss on change in fair value of derivative liabilities 0 (44)
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 609,233 (64,413)
(Increase) decrease in royalties receivable 0 0
(Increase) decrease in inventory 262,886 (420,423)
(Increase) decrease in prepaids and other assets (5,652) (6,492)
Increase (decrease) in accrued royalties and dividends (223,109) (32,494)
Increase (decrease) in accounts payable (171,283) 26,942
Increase (decrease) in accounts payable related parties 3,288 (33,655)
Increase (decrease) in accrued liabilities 204,770 60,454
Increase (decrease) in accrued interest payable 25,978 115,885
Net cash flows provided by (used in) operating activities 277,142 (139,862)
Cash flows from investing activities:    
Purchase of property and equipment (8,482) (43,895)
Purchase of intangible assets 0 (41,980)
Net cash flows used in investing activities (8,482) (85,875)
Cash flows from financing activities:    
Payments made on capital lease obligation 0 (3,766)
Payments on debt 0 (190,838)
Cash proceeds from sale of series C preferred stock 0 50,050
Net cash flows provided by financing activities 0 (144,554)
Net increase (decrease) in cash 268,660 (370,291)
Cash and cash equivalents, beginning of period 463,189 833,480
Cash and cash equivalents, end of period 731,849 463,189
Cash paid during the period for:    
Interest 0 10,937
Income Taxes 0 0
Supplemental non-cash investing and financing activities:    
Equity method investment 1,948,511 0
Common stock issued for conversion of series C preferred stock dividend 15,007 137
Common stock issued for conversion of series C preferred stock 85,561 8,000
Issuance of vested stock $ 1,585,594 $ 0