XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net Income $ 230,701 $ 40,617
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 23,400 12,734
Deferred income taxes 91,000 33,000
Bad debt expense 68,303 105,082
Gain on sale of asset (1,500)
Stock issued for services to non-employee 11,250
Stock compensation expense 14,688
Changes in operating assets and liabilities:    
Accounts receivable 312,867 (589,796)
Inventory (23,820) 178,710
Prepaid expenses and other assets 225,761 361,515
Accounts payable and accrued expenses (351,595) (129,783)
Payroll liabilities 20,095 62,320
Contract liabilities and customer deposits (773,689) (74,844)
Income taxes (receivable) payable (146,400) 157,566
Net cash provided by (used in) operating activities (297,439) 155,621
INVESTING ACTIVITIES    
Capital expenditures (20,615) (8,875)
Proceeds from sale of asset 0 1,500
Net cash used in investing activities (20,615) (7,375)
FINANCING ACTIVITIES    
Payments on notes payable 0 (3,573)
Repurchase of common stock (112,240) 0
Net cash used in financing activities (112,240) (3,573)
NET INCREASE (DECREASE) IN CASH (430,294) 144,673
CASH    
Beginning of period 1,322,743 102,689
End of Period 892,449 247,362
Non-cash investing and financing activities:    
Treasury stock cost related to compensation 61,849 0
Capital expenditure financed with note payable $ 0 $ 32,435