XML 20 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flow From Operating Activities:    
Net Income (Loss) $ (1,510,940) $ 2,619,261
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used) in Operating Activities:    
Depreciation and Amortization 83,449 171,909
Amortization of Right of Use Asset 39,329 39,329
Amortization of Software Costs 10,475 10,475
Equity Compensation Expense 0 182,772
Value of Equity Issued for Services 228,000 48,000
Reserve for Bad Debt 115,000 25,000
Inventory Reserve 0 (100,000)
Decrease (Increase) in:    
Accounts Receivable (141,729) (1,676,539)
Inventory (983,941) 1,815,942
Prepaid Expenses 104,866 16,807
Vendor Deposits 242,582 (1,125,508)
Other Receivables 198,951 0
Other Assets (157,295) (8,924)
Increase (Decrease) in:    
Accounts Payable 545,198 118,955
Accrued Expenses 127,948 263,196
Accrued Interest 0 (66,667)
Customer Deposits (89,932) 1,017,533
Lease Liability (36,941) (35,865)
Net Cash Provided (Used) in Operating Activities (1,224,978) 3,315,678
Cash Flow From Investing Activities:    
Purchase of Property and Equipment (28,205) (14,585)
Net Cash Used in Investing Activities (28,205) (14,585)
Cash Flow From Financing Activities:    
Proceeds from Exercise of Warrants and Options 0 57,500
Repayment of Principal Balance on Convertible Note 0 (500,000)
Net Cash (Used) in Financing Activities: 0 (442,500)
Increase (Decrease) In Cash and Cash Equivalents (1,253,184) 2,858,593
Cash and Cash Equivalents - Beginning 5,198,842 897,223
Cash and Cash Equivalents - Ending 3,945,658 3,755,816
Supplemental Cash Flow Information:    
Cash Paid for Interest 0 0
Cash Paid for Income Taxes 0 107,356
Non-Cash Investing and Financing Activities :    
Accrued Equity Compensation 0 27,189
Conversion of Note Payable into Common Stock 0 4,500,000
Equipment, Net Transferred to Inventory $ 0 $ 36,256