v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:    
Net Loss $ (682,516) $ (922,306)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 8,357 0
Inventories reserve (3,287) 189
Depreciation expense 40,537 40,598
Amortization of right of use assets (837) (378)
Stock based compensation 12,000 12,000
Stock option compensation - options 106,838 259,350
Changes in operating assets and liabilities:    
Accounts receivable (165,725) (94,161)
Accounts receivable - related party 0 (23,977)
Inventories 20,975 (14,437)
Prepaid expenses 53,340 6,634
Deposits 100,000 0
Accounts payable and accrued liabilities 142,464 123,969
Accounts payable - related party (17,471) 0
Other current liabilities 0 (12,334)
Interest payable - related party 0 (1,750)
Customer deposit (53,450) (22,984)
Net cash flows used in operating activities (438,775) (649,587)
Cash flows from financing activities:    
Proceeds from SBA loan 267,297 0
Payment on promissory note 0 (50,000)
Proceeds from bank loan 1,500,000 0
Prepayment on bank loan (3,600) 0
Net cash flows provided by (used in) financing activities 1,763,697 (50,000)
Net change in cash 1,324,922 (699,587)
Cash beginning of period 583,325 2,192,870
Cash end of period 1,908,247 1,493,283
Supplemental cash flow disclosure:    
Cash paid for income taxes 0 0
Cash paid for interest $ 5,437 $ 1,831

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