v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities:    
Net Loss $ (922,306) $ (535,179)
Adjustments to reconcile net loss to net cash used in operating activities:    
Inventory reserve 189 26,435
Depreciation expense 40,598 32,925
Amortization of right of use assets (378) 2,033
Stock based compensation 12,000 35,999
Stock option compensation 259,350 0
Changes in operating assets and liabilities:    
Accounts receivable (94,161) (99,176)
Accounts receivable - related party (23,977) 37,625
Inventory (14,437) 9,187
Other receivable 0 (2,151)
Prepaid expenses 6,634 46,671
Accounts payable and accrued liabilities 123,969 10,257
Accounts payable - related party 0 (4,921)
Other current liabilities (12,334) (7,210)
Interest payable - related party (1,750) 0
Customer deposit (22,984) 78,388
Net cash flows used in operating activities (649,587) (369,117)
Cash flows from investing activities:    
Cash from acquisition 0 201,482
Purchase of property and equipment 0 (181,121)
Cash paid for acquisition 0 (550,000)
Net cash flows used in investing activities 0 (529,639)
Cash flows from financing activities:    
Payments on long term debt and finance lease obligations 0 (2,021)
Payment on promissory note (50,000) 0
Net cash flows provided by financing activities (50,000) (2,021)
Net Change in Cash (699,587) (900,776)
Cash - Beginning of Period 2,192,870 4,455,751
Cash - End of Period $ 1,493,283 $ 3,554,975

Source