XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income/(loss) $ 1,024,034 $ (337,764)
Adjustments to reconcile net income/(loss) to net cash (used in) operating activities    
Stock-based compensation 217,455 163,105
Depreciation and amortization 207,105 215,460
Deferred tax expense/(benefit) 291,174 (132,620)
Provision for doubtful accounts 892 (996)
(Increases)/decreases in operating assets:    
Accounts receivable, net (7,438,955) (297,706)
Cost and estimated earnings in excess of billings on contracts in progress 852,852 309,020
Inventories, net 543,141 (199,193)
Other current assets (240,519) 85,213
Increases (decreases) in operating liabilities:    
Accounts payable and accrued expenses 295,489 (68,678)
Billings in excess of costs and estimated earnings on contracts in progress (609,518) 29,961
Deferred revenue 1,928,808 (297,485)
Total adjustments (3,952,076) (193,919)
Net cash (used in) operating activities: (2,928,042) (531,683)
Cash flows from investing activities:    
Capital expenditures (284,735) (31,339)
Deposits (10,625)  
Net cash (used in) investing activities: (295,360) (31,339)
Cash flows from financing activities:    
Payments of long-term debt (75,000) (180,000)
Net cash (used in) financing activities: (75,000) (180,000)
Net (decrease) in cash and cash equivalents (3,298,402) (743,022)
Cash and cash equivalents at beginning of period 21,677,186 13,073,331
Cash and cash equivalents at end of period 18,378,784 12,330,309
Supplemental disclosure of cash flow information:    
Income taxes paid   100,000
Interest paid $ 17,637 $ 19,993