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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities:    
Net income (loss) $ (3,275,800) $ (74,277)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock based compensation 505,188 399,779
Depreciation and amortization 315,456 365,076
Amortization of right-of-use assets 292,849 0
Provision (recovery) for accounts receivable allowances 264,808 (1,080)
Provision (recovery) for inventory reserves 18,988 (77,698)
Changes in operating assets and liabilities:    
Accounts receivable (1,574,778) (530,014)
Inventories 468,340 (2,647,677)
Prepaid expense and other current assets 648,847 (305,739)
Operating lease liabilities (318,183) 0
Accounts payable and accrued expenses 1,117,464 1,068,035
Net cash provided by (used in) operating activities (1,536,821) (1,803,595)
Investing activities:    
Purchases of plant and equipment (174,254) (236,910)
Certification costs incurred and capitalized (310,000) (93,000)
Net cash provided by (used in) investing activities (484,254) (329,910)
Financing activities:    
Proceeds from stock option exercise 60,648 379,257
Net proceeds from private placement offering 4,942,610 0
Net (payments to) proceeds from bank credit lines (1,741,272) 1,651,012
Net cash provided by (used in) financing activities 3,261,986 2,030,269
Net change in cash 1,240,911 (103,236)
Cash, cash equivalents, and restricted cash - Beginning 125,982 229,218
Cash, cash equivalents, and restricted cash - Ending 1,366,893 125,982
Cash paid during the period for:    
Interest 48,404 78,396
Income taxes 31,769 25,798
Cash is reported on the consolidated statements of cash flows as follows:    
Cash and cash equivalents 1,216,893 125,982
Restricted cash 150,000 0
Total Cash $ 1,366,893 $ 125,982