General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities:    
Net Loss $ (626,361) $ (467,434)
Adjustments to reconcile net loss to net cash used in operating activities:    
Inventory reserve (9,270) 26,528
Depreciation expense 2,181 1,130
Amortization of debt discount 81,342 0
Changes in Operating Assets and Liabilities:    
Accounts receivable (747) 81,325
Accounts receivable-related party 9,768 (10,332)
Inventories 30,333 (53,258)
Prepaid expenses (318) 6,999
Deposits 17,516 0
Accounts payable and accrued liabilities 80,743 92,585
Customer deposit (30,392) (77,903)
Deferred rent (468) (443)
Net cash flows used in operating activities (445,673) (400,803)
Cash Flows from Investing Activities:    
Purchase of property and equipment 0 (8,239)
Net cash flows used in investing activities 0 (8,239)
Cash Flows from Financing Activities:    
Proceeds from convertible note payable 500,000 0
Repayment to related parties 0 (63,368)
Repayment to shareholders 0 (19,534)
Net cash flows provided by (used in) financing activities 500,000 (82,902)
Net Change in Cash and Cash Equivalents 54,327 (491,944)
Cash and cash equivalents - Beginning of Period 340,071  
Cash and cash equivalents - End of Period 394,398 340,071
Supplemental Disclosures for Statement of Cash Flows:    
Interest paid 105,831 501
Income tax paid $ 694 $ 495