XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flow From Operating Activities:    
Net Income (Loss) $ (2,289,394) $ 6,276,178
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used) In Operating Activities:    
Depreciation and Amortization 155,861 344,207
Amortization of Right of Use Asset 78,657 78,657
Amortization of Software Costs 20,950 20,950
Equity Compensation Expense 0 297,065
Value of Equity Issued for Services 228,000 48,000
Reserve for Bad Debt 360,000 55,000
Inventory Reserve 0 (100,000)
Gain Upon Debt Extinguishment (414,583) 0
Decrease (Increase) in:    
Accounts Receivable 376,409 (3,151,403)
Inventory (1,394,464) (307,829)
Prepaid Expenses 33,034 (70,318)
Vendor Deposits 364,488 (427,547)
Other Receivables 198,951 0
Other Assets (181,128) (188,396)
Increase (Decrease) in:    
Accounts Payable 32,702 2,299,610
Accrued Expenses 70,538 318,406
Accrued Interest 0 (66,667)
Customer Deposits (77,053) 32,040
Lease Liability (74,990) (72,806)
Net Cash Provided (Used) in Operating Activities (2,512,020) 5,385,149
Cash Flow From Investing Activities:    
Capitalized Patent and Trademark Costs (45,807) 0
Purchase of Property and Equipment (152,602) (46,012)
Net Cash (Used) in Investing Activities (198,408) (46,012)
Cash Flow From Financing Activities:    
Proceeds from Exercise of Warrants and Options 0 121,000
Proceeds from Loan Payable 0 410,700
Repayment of Principal Balance on Convertible Note 0 (500,000)
Net Cash Provided By Financing Activities: 0 31,700
Increase (Decrease) In Cash and Cash Equivalents (2,710,429) 5,370,837
Cash and Cash Equivalents - Beginning 5,198,842 897,223
Cash and Cash Equivalents - Ending 2,488,413 6,268,060
Supplemental Cash Flow Information:    
Cash Paid For Interest 0 107,356
Cash Paid for Income Taxes 75,000 800
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
Patent and trademark costs reclassified from Other Assets $ 67,890 $ 0