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Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income (loss) $ (751,879) $ (1,121,118)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 59,399 78,203
Amortization of right-of-use assets 25,082 120,902
Stock based compensation 127,053 175,012
Provision for (recovery of) accounts receivable allowances (4,203) 1,943
Provision for inventory reserves 0 23,957
Changes in operating assets and liabilities:    
Accounts receivable (1,872,088) (430,021)
Inventories 3,261,616 1,421,071
Prepaid expenses and other assets 32,368 312,542
Operating lease liabilities (25,082) (129,831)
Accounts payable and accrued expenses (2,193,488) (713,268)
Net cash provided by (used in) operating activities (1,341,222) (260,608)
Investing activities:    
Certification costs incurred and capitalized (20,000) (135,000)
Purchases of plant and equipment (13,016) 0
Net cash provided by (used in) investing activities (33,016) (135,000)
Financing activities:    
Net proceeds from (payments to) bank credit lines 387,298 380,112
Proceeds from stock option exercises 197,658 5,100
Net cash provided by (used in) financing activities 584,956 385,212
Net change in cash (789,282) (10,396)
Cash, cash equivalents, and restricted cash at beginning of period 1,366,893 125,982
Cash and cash equivalents at end of period 577,611 115,586
Supplemental disclosures of cash flow information:    
Cash paid during the period for: Interest 5,712 32,217
Cash paid during the period for: Income taxes 6,316 7,788
Total Cash $ 577,611 $ 125,982