XML 37 R18.htm IDEA: XBRL DOCUMENT

RESTATEMENT (Tables)

12 Months Ended

Dec. 31, 2021

	Year Ended December 31,
	2021			2020
Cash Flows From:	(As Restated)			(As Restated)
OPERATING ACTIVITIES
Net Income (Loss)		584,394			10,641
Adjustments to reconcile Net Income (Loss) to net cash used in operating activities:
Depreciation		160,117			26,409
Accumulated Amortization		236,130			-
Net change right-of-use assets and liabilities		(19,313	)		28,755
Change in operating assets and liabilities:
Accounts Receivable		671,730			(756,095	)
Employee Cash Advances		(3,000	)		-
Equipment Parts Inventory		(41,793	)		(690,069	)
Finished Goods Inventory		19,535			(181,453	)
Work in process Inventory		7,584			(19,241	)
Sales Demo Inventory		396,050			(786,414	)
Accounts Payable		(636,147	)		50,476
Unearned product Revenues					779,128
Sales tax payable					12,665
Net cash used in Operating Activities		1,375,287			(1,525,198	)
INVESTING ACTIVITIES
Purchase of Machinery & Equipment		(2,750	)		(794,945	)
Purchase of Vehicles		-			(9,989	)
Purchase of Office & Computer Equipment		(2,995	)		(39,449	)
Purchase of R&D Equipment		(6,920	)		(31,053	)
Purchase of Intangible assets		(216,800	)		(3,184,280	)
Net cash used in Investing Activities		(229,465	)		(4,059,716	)
FINANCING ACTIVITIES
Proceeds from Notes		(665,084	)		926,768
Proceeds from PPP Loan		118,578			198,750
Dividends paid		(310,280	)		-
Proceeds from Sale of Common Stock					4,786,110
Net cash provided by Financing Activities		(856,787	)		5,911,628
Net cash increase for period		289,035			326,714
Cash at the beginning of period		326,714			-
Cash at end of period		615,749		$	326,714

SUPPLEMENTARY CASH FLOW INFORMATION:
Cash Paid During the Year for:
Income taxes		15,456			68
Interest		49,351			43,300

SUPPLEMENTARY CASH FLOW INFORMATION:
Notes Paid During the Year for:
ICT Investments Loan: Note 2		(428,243	)		(689,937	)
ICT Investments Loan: Note 2		(236,841	)		(236,841	)
Total Note		(665,084	)		(926,778	)

	For the Year Ended December 31,
	2021			2020
Cash Flows From:
OPERATING ACTIVITIES
Net Income (Loss)		584,394			10,641
Adjustments to reconcile Net Income (Loss) to net cash used in operating activities:
Change in operating assets and liabilities:
Accounts Receivable		671,730			(756,095	)
Employee Cash Advances		(3,000	)
Equipment Parts Inventory		(41,793	)		(690,069	)
Finished Goods Inventory		19,535			(181,453	)
Work in process Inventory		7,584			(19,241	)
Sales Demo Inventory		396,050			(786,414	)
Accounts Payable		(636,147	)		50,476
Unearned product Revenues					779,128
Lease Liability		312,901			225,054
Sales tax payable					12,665
Net cash used in Operating Activities		1,311,254			(1,355,308	)
INVESTING ACTIVITIES
Depreciation and amortization		160,117			26,409
Purchase of Machinery & Equipment		(2,750	)		(794,945	)
Purchase of Vehicles		-			(9,989	)
Purchase of Office & Computer Equipment		(2,995	)		(39,449	)
Purchase of R&D Equipment		(6,920	)		(31,053	)
Purchase of Intangible assets		(216,800	)		(3,184,280	)
Accumulated Amortization		236,130
Operating lease right-of-use		(303,459	)		(196,299	)
Net cash used in Investing Activities		(136,677	)		(4,229,606	)
FINANCING ACTIVITIES
Proceeds from Notes		(665,084	)		926,768
Deferred Lease Liability		(28,755	)
Proceeds from PPP Loan		118,578			198,750
Dividends paid		(310,280	)
Proceeds from Sale of Common Stock					4,786,110
Net cash provided by Financing Activities		(885,541	)		5,911,628
Net cash increase for period		289,035			326,714
Cash at the beginning of period		326,714			0
Cash at end of period	$	615,749		$	326,714

SUPPLEMENTARY CASH FLOW INFORMATION:
Cash Paid During the Year for:
Income taxes		15,456			68
Interest		49,351			43,300

SUPPLEMENTARY CASH FLOW INFORMATION:
Notes Paid During the Year for:
ICT Investments Loan: Note 2		(428,243	)		(689,937	)
ICT Investments Loan: Note 2		(236,841	)		(236,841	)
Total Note		(665,084	)		(926,778	)

	Year ended December 31,
	2021			Adjustment			2021			2020			Adjustment			2020
	(As Previously Reported)						(Restated)			(As Previously Reported)						(Restated)
Net cash provided by Operating Activities		1,311,254			64,033			1,375,287			(1,328,899	)		(196,299	)		(1,525,198	)
Net cash provided by Investing Activities		(136,677	)		(92,788	)		(229,465	)		(4,256,015	)		196,299			(4,059,716	)
Net cash provided by Financing Activities		(885,541	)		28,754			(856,787	)		5,911,628						5,911,628
Cash at the beginning of period		326,714						326,714			-						-
Net cash increase for period		289,035			-			289,035			326,714			-			326,714
Cash at end of period		615,749			-			615,749			326,714			-			326,714