XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (823,835) $ (548,566)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 52,231 77,361
Stock based compensation 17,710
Inventory net realizable adjustment (9,180) 16,978
Provision for income tax withholding 619 1,805
Amortization of right-of-use assets 48,965 47,974
Deferred interest on PPP and SBA loans 3,429
PIK interest, net 66,458 76,226
Change in:    
Accounts receivable 194,689 38,697
Inventories 104,948 (14,083)
Prepaid expenses, other current assets and other assets (67,789) 35,147
Trade accounts payable and other current liabilities and lease liability payable (19,078) (83,243)
Net cash used in operating activities (448,543) (333,994)
Cash flows from investing activities:    
Purchases of property and equipment (5,989)
Purchases of patents and trademarks (19,303) (16,737)
Net cash used in investing activities (25,292) (16,737)
Cash flows from financing activities:    
Proceeds from PPP loan 142,775
Proceeds from SBA loan 158,000
Proceeds from long-term debt 200,000 200,000
Net cash provided by financing activities 500,775 200,000
Net increase (decrease) in cash 26,940 (150,731)
Cash, beginning of year 335,790 486,521
Cash, end of year 362,730 335,790
Cash paid for:    
Income Taxes $ 947 $ 2,473