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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net Income $ 303,499 $ 34,244
Adjustments to reconcile net income to net cash provided by (used in) operations:    
Depreciation and amortization 534,021 278,400
Stock-based compensation 141,222 128,444
Change in deferred tax asset / liability (15,309)
Changes in assets and liabilities:    
Accounts receivable (1,769,341) (1,403,171)
Inventory (125,261) 135,340
Contract assets 527,818 (3,342,724)
Deposits (945,496)
Prepaid expenses and other current assets (255,908) (122,094)
Accounts payable (1,112,956) 3,418,700
Accrued expenses 67,435 701,038
Operating lease liabilities (183,180) (92,691)
Contract liabilities (69,710) 321,911
Total Adjustments (2,261,169) (922,343)
Net Cash used in Operating Activities (1,957,670) (888,099)
Cash Flows from Investing Activities:    
Purchase of property and equipment (1,064,960) (169,546)
Purchase of other intangible assets (2,739)
Net Cash used in Investing Activities (1,067,699) (169,546)
Cash Flows from Financing Activities:    
Payments on finance lease obligation (8,434) (7,138)
Proceeds from exercise of stock options 133,200
Net Cash provided by (used in) Financing Activities (8,434) 126,062
Loss on Currency Translation (451,087) (243,483)
Net change in Cash, Cash Equivalents and Restricted Cash (3,484,890) (1,175,066)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 9,783,932 3,776,111
Cash, Cash Equivalents and Restricted Cash at End of Period 6,299,042 2,601,045
Supplemental Disclosures of Cash Flow Information:    
Interest Paid 16,514 23,541
Income Taxes