XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (619,573) $ (737,292)
Adjustments to Reconcile Net loss to Net Cash Provided By (Used in) Operating Activities:    
Depreciation and amortization 17,475 47,332
Shares issued for services 30,375 61,749
Loss on debt settlement 0 1,286
Compensation expense related to grant of stock options 39,111 58,515
Change in fair value of embedded conversion option liability (107,081) 145,853
Amortization of debt issue costs 800 27,871
Changes in assets and liabilities: (Increase) decrease in:    
Accounts receivable 693,263 669,619
Prepaid expenses and other current assets (13,478) (22,886)
Inventory (54,231) (163,882)
Costs and estimated earnings in excess of billings on uncompleted contracts 0 (25,951)
Deposits 0 26,062
Increase (decrease) in:    
Accounts payable (174,968) (186,289)
Accrued expenses 150,429 38,695
Convertible note payable issued in lieu of salary - related party 47,500 0
Sales tax payable (31,822) (97,469)
Deferred revenue 40,657 (123,820)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 18,457 (280,607)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (3,219) 0
Funding of patent costs (962) (14,500)
NET CASH USED IN INVESTING ACTIVITIES (4,181) (14,500)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock 30,000 325,000
Payments of offering costs related to sale of common stock (2,400) (23,600)
Borrowings on line of credit 0 200,000
Repayments on convertible notes payable (3,000) (3,000)
Repayments on auto loan (2,276) (2,130)
NET CASH PROVIDED BY FINANCING ACTIVITIES 22,324 496,270
NET INCREASE IN CASH 36,600 201,163
CASH AT BEGINNING OF PERIOD 8,568 32,451
CASH AT END OF PERIOD 45,168 233,614
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 11,412 10,594
Cash paid for income tax 0 0
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Transfer of prepaid asset to inventory 21,168 31,752
Depreciation capitalized into inventory 5,481 5,501
Prepaid insurance financed by a third party 31,250 24,116
Shares issued for debt conversion $ 704,709 $ 0