XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jul. 31, 2019
Jul. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 713,974 $ 113,806
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 370,052 337,833
Amortization of debt discount 12,638 89,951
Share-based compensation 29,943 79,163
Amortization of right of use assets 42,958
Changes in operating assets and liabilities:    
Accounts receivable (12,770) 1,334,738
Inventories (68,524) (455,281)
Prepaid expenses (159,239) (56,776)
Accounts payable and accrued expenses 3,503 (2,987)
Current portion of operating lease liability (42,958)
Net Cash Provided by Operating Activities 889,577 1,440,447
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for fixed assets (89,525) (903,959)
Net Cash Used in Investing Activities (89,525) (903,959)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of note payable - related party (7,812)
Borrowings from term loan 300,000
Repayment of note payable (500,000)
Borrowings (repayments) of line of credit, net 65,314 (708,909)
Proceeds from capital lease 213,250
Repayment of term loan (808,335) (95,270)
Repayment of capital lease obligations (31,213) (12,037)
Proceeds from exercise of options 40,000
Net Cash Used in Financing Activities (774,234) (770,778)
Net Increase (Decrease) in Cash 25,818 (234,290)
Cash - Beginning of Period 609,409 581,322
Cash - End of Period 635,227 347,032
SUPPLEMENTARY CASH FLOW INFORMATION:    
Income taxes
Interest 253,763 302,034
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Operating lease liability 1,599,830
Finance lease asset additions 254,166 30,000
Accrued interest on note payable reclassified to principal 392,702
Common stock issued for services to be rendered $ 71,875