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Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income (loss) $ (1,121,118) $ 358,878
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 78,203 97,990
Amortization of right-of-use assets 120,902 0
Stock based compensation 175,012 33,798
Provision for (recovery of) accounts receivable allowances 1,943 (185)
Provision for inventory reserves 23,957 0
Changes in operating assets and liabilities:    
Accounts receivable (430,021) (606,421)
Inventories 1,421,071 (177,628)
Prepaid expenses and other assets 312,542 (487,067)
Operating lease liabilities (129,831) 0
Accounts payable and accrued expenses (713,268) 920,752
Net cash provided by (used in) operating activities (260,608) 140,117
Investing activities:    
Cost of other assets (135,000) (40,000)
Purchases of plant and equipment 0 (18,905)
Net cash provided by (used in) investing activities (135,000) (58,905)
Financing activities:    
Net proceeds from (payments to) bank credit lines 380,112 (39,707)
Proceeds from stock option exercises 5,100 152,463
Net cash provided by (used in) financing activities 385,212 112,756
Net change in cash (10,396) 193,968
Cash and cash equivalents at beginning of period 125,982 229,218
Cash and cash equivalents at end of period 115,586 423,186
Supplemental disclosures of cash flow information:    
Cash paid during the period for: Interest 32,217 6,168
Cash paid during the period for: Income taxes $ 7,788 $ 3,598