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Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net loss $ (2,279,864) $ (1,926,231)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 96,546 185,821
Amortization of right-of-use assets 54,640 243,843
Stock based compensation 194,601 313,768
(Recovery of) provision for accounts receivable allowances (112,308) 3,207
Provision for inventory reserves 9,578 23,957
Changes in operating assets and liabilities:    
Accounts receivable (817,929) (794,418)
Inventories 2,808,903 1,151,227
Prepaid expenses and other current assets 44,602 (713,641)
Operating lease liabilities (54,506) (269,177)
Accounts payable and accrued expenses 3,262,168 456,695
Net cash provided by (used in) operating activities 3,206,431 (1,324,949)
Investing activities:    
Certification costs incurred and capitalized (308,000) (135,000)
Purchases of plant and equipment (71,910) (90,398)
Net cash used in investing activities (379,910) (225,398)
Financing activities:    
Net payments to bank credit lines 0 (1,741,272)
Proceeds from debt 583,300 0
Net proceeds from private placement offering 3,163,370 4,942,609
Proceeds from stock option exercises 412,050 13,850
Net cash provided by financing activities 4,158,720 3,215,187
Net increase in cash 6,985,241 1,664,840
Cash, cash equivalents, and restricted cash - beginning 1,366,893 125,982
Cash, cash equivalents, and restricted cash - ending 8,352,134 1,790,822
Supplemental disclosures of cash flow information:    
Cash paid during the period for: interest 8,432 48,405
Cash paid during the period for: income taxes 12,672 20,677
Total Cash $ 8,352,134 $ 125,982