XML 14 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income (loss) $ (1,943,628) $ (108,971)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 389,487 58,724
Stock based compensation 164,795 48,839
Provision for accounts receivable allowances 8,988 34
Provision for inventory reserves 10,450 22,913
Changes in operating assets and liabilities:    
Accounts receivable (1,801,446) (149,635)
Inventories (1,454,910) 313,785
Prepaid expenses and other assets (193,245) (623,529)
Accounts payable and accrued expenses 1,084,228 32,970
Net cash provided by (used in) operating activities (3,735,281) (404,870)
Investing activities:    
Other assets (295,000) 0
Additions to equipment (32,303) (45,314)
Net cash provided by (used in) investing activities (327,303) (45,314)
Financing activities:    
Net funds received from (to) bank credit lines 2,141,799 (840,585)
Proceeds from stock option exercises 249,389 19,425
Proceeds from private placement offering (net of issuance costs) 0 3,421,001
Proceeds from stock rights offering (net of issuance costs) 0 228,960
Net cash provided by (used in) financing activities 2,391,188 2,828,801
Net change in cash (1,671,396) 2,378,617
Cash and cash equivalents at beginning of period 1,846,704 137,637
Cash and cash equivalents at end of period 175,308 2,516,254
Supplemental disclosures of cash flow information:    
Cash paid during the period for: Interest 32,115 72,360
Cash paid during the period for: Income taxes $ 3,312 $ 5,757