v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net Loss $ (1,549,973) $ (955,018)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 3,954 0
Inventories reserve 4,113 (12,654)
Depreciation expense 81,125 71,168
Amortization of intangible assets 0 475
Amortization of right of use assets (755) 14,337
Stock based compensation 24,000 48,000
Stock option compensation 518,700 0
Changes in operating assets and liabilities:    
Accounts receivable (123,035) 86,834
Accounts receivable - related party (22,410) 39,625
Inventories (10,117) 5,242
Other receivable (900) (2,151)
Prepaid expenses 18,356 88,838
Deposits 0 7,210
Accounts payable and accrued liabilities (20,041) 15,129
Accounts payable - related party 0 (4,921)
Other current liabilities (12,334) (7,210)
Interest payable - related party (1,750) 0
Customer deposit (92,419) 154,190
Net cash flows used in operating activities (1,183,486) (450,906)
Cash flows from investing activities:    
Cash from acquisition 0 201,482
Purchase of property and equipment 0 (217,292)
Cash paid for acquisition 0 (550,000)
Net cash flows used in investing activities 0 (565,810)
Cash flows from financing activities:    
Proceeds from SBA loan 405,860 0
Payment on promissory note (50,000) 0
Payments on long term debt and finance lease obligations 0 (14,256)
Net cash flows provided by (used in) financing activities 355,860 (14,256)
Net Change in Cash (827,626) (1,030,972)
Cash - beginning of Period 2,192,870 4,455,751
Cash - end of Period 1,365,244 3,424,779
Supplemental Cash Flow Disclosure    
Cash paid for income taxes 0 0
Cash paid for interest 1,831 0
Supplemental non-cash financing activities    
Promissory note issued for acquisition 0 50,000
Shares issued for acquisition $ 0 $ 290,716

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