XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ (56,124) $ (653,753)
Depreciation and amortization 7,434 694
Stock based compensation 5,000 387,450
Accounts and retainage receivable (831,900) 510,083
Security deposits and other non-current assets (270)
Prepaid expenses and other costs 7,700 (1,443)
Costs in excess of billings 16,624 72,751
Accounts payable and accrued expenses 637,529 (201,536)
Billings in excess of costs 16,589 (22,866)
Net cash (used in) provided by operating activities (197,148) 91,110
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (6,787)
Net cash (used in) investing activities (6,787)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 200,000
Due to stockholders (4,204)
Net cash provided by financing activities 195,796
Net Increase (Decrease) in cash and cash equivalents (203,935) 286,906
Effect of foreign currency translation on cash 12,961 10,329
Cash and cash equivalents -beginning 537,867 141,332
Cash and cash equivalents - ending $ 346,893 $ 438,567