XML 27 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Cash Flows From Operating Activities    
Net income (loss) $ 255,625 $ (1,025,515)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of leasehold improvements and equipment 82,506 66,902
Amortization of intangibles 11,311 10,124
Share-based compensation expense 324,035 715,909
Allowance for doubtful trade receivables $ (28,785) 13,526
Loss from disposal of equipment 17,475
Non-cash financing costs $ 53,449 46,948
Changes in operating assets and liabilities:    
Trade receivables (1,850,739) (341,270)
Inventories 1,464,561 502,645
Prepaid expenses and other assets 14,082 (81,584)
Accounts payable (3,318,853) (810,658)
Accrued expenses 47,995 149,894
Customer deposits and other 67,598 158,917
Deferred rent (18,857) (14,371)
Net cash used in operating activities (2,896,072) (591,058)
Cash Flows From Investing Activities    
Purchases of leasehold improvements and equipment (16,629) (95,778)
Purchases of intangible assets (15,000) (5,000)
Net cash used in investing activities (31,629) (100,778)
Cash Flows From Financing Activities    
Proceeds from issuance of common stock, net of issuance costs 480,000 0
Proceeds from exercise of stock options 93,872 0
Principal payments on loan payable (146,795) 0
Principal payments on capital leases (53,542) (57,075)
Net cash provided by (used in) financing activities 373,535 (57,075)
Net decrease in cash (2,554,166) (748,911)
Cash Beginning of Period 5,549,672 3,964,750
Cash Ending of Period 2,995,506 3,215,839
Supplemental Disclosures of Cash Flow Information    
Cash payments for interest 135,046 73,202
Supplemental Schedule of Noncash Investing Activity    
Capital lease obligation incurred for purchases of equipment 0 303,933
Inventory supplied free of charge to Healthspan Research, LLC 20,318 0
Retirement of fully depreciated equipment - cost 26,666 0
Retirement of fully depreciated equipment - accumulated depreciation $ (26,666) $ 0