Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net Loss $ (447,283) $ (203,833)
Adjustments to reconcile net loss to net cash used in operating activities:    
Inventory reserve 26,435 0
Depreciation expense 32,925 545
Amortization of right-of-use assets 2,033 0
Amortization of debt discount 0 41,667
Stock base compensation 35,999 0
Changes in Operating Assets and Liabilities:    
Accounts receivable (99,176) (18,410)
Accounts receivable - related party 37,625 564
Inventories 9,187 (18,877)
Other receivable (2,151) 0
Prepaid expenses 46,671 4,113
Accounts payable and accrued liabilities 11,216 60,406
Accounts payable - related party (4,921) 0
Other payable (7,210) 0
Customer deposit (10,467) (8,047)
Net Cash flows used in operating activities (369,117) (141,872)
Cash flows from investing activities:    
Purchase of property and equipment (181,120) 0
Cash provided from acquisition of AVX 201,482 0
Payment for acquisition (550,000) 0
Net cash flows used in investing activities (529,638) 0
Cash Flows from Financing Activities:    
Payments on long term debt and finance lease obligations (2,021) 0
Net cash flows used in financing activities (2,021) 0
Net Change in Cash and Cash Equivalents (900,776) (141,872)
Cash and cash equivalents - Beginning of Period 4,455,751 394,398
Cash and cash equivalents - End of Period 3,554,975 252,526
Supplemental Disclosures for Statement of Cash Flows:    
Interest paid 0 0
Income tax paid 0 0
Supplemental non-cash financing activities    
Promissory note issued for acquisition 50,000 0
Shares issued for acquisition $ 290,716 $ 0