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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (887,360) $ (789,031)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 10,125 10,125
Depreciation and amortization 54,797 52,868
Gain on disposal of asset (277) 0
Decrease (increase) in assets:    
Accounts receivable 1,382 (809)
Prepaid expenses 5,511 3,517
Deposits and other assets (1,640) 0
Increase (decrease) in liabilities:    
Accounts payable (101,988) (139,044)
Accrued expenses 9,664 (522)
Deferred revenues 0 105,000
Net cash used in operating activities (909,786) (757,896)
Cash flows from investing activities    
Purchases of property and equipment (10,069) 0
Purchases of construction in process equipment (855) (2,245)
Net cash (used in) investing activities (10,924) (2,245)
Cash flows from financing activities    
Principal payments on short term and convertible debts 0 (6,000)
Proceeds from stock subscriptions 0 62,001
Proceeds from issuance of Wytec common stock 629,052 0
Proceeds from issuance of Wytec Series B preferred stock 120,000 933,750
Refund of non-issued Wytec Series B preferred stock 0 (37,500)
Purchase of treasury stock 0 (5,000)
Net cash provided by financing activities 749,052 947,251
Net increase (decrease) in cash (171,658) 187,110
Cash - beginning 2,777,313 1,085,113
Cash - ending 2,605,655 1,272,223
Supplemental disclosures:    
Interest paid 0 3,181
Income taxes paid 0 0
Non-cash investing and financing activities:    
Conversion of Wytec Series A preferred stock to Wytec common stock 135,000 0
Conversion of Wytec Series B preferred stock to Wytec common stock 35,000 0
Wytec International, Inc. preferred stock issued to satisfy deferred revenue $ 35,000 $ 0