XML 79 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Continuing operations:    
Net Income (Loss). $ (371,450) $ 548,526
Adjustments necessary to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 48,202 57,385
Compensation expense from stock options 27,000 56,951
Stock issued for services 30,000 0
(Increase) decrease in accounts receivable (2,740,817) (2,562,349)
(Increase) decrease in inventory (784,906) 296,881
(Increase) decrease in prepaid expenses 22,377 20,756
(Increase) decrease in deposits 0 0
(Increase) decrease in other assets (20,620) 11,181
Increase (decrease) in accounts payable and accrued expenses 236,352 552,035
Increase (decrease) in accrued interest on notes payable 126,535 (12,377)
Net cash provided by (used in) operating activities (3,427,327) (1,031,011)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (98,043) (45,996)
Net cash provided by (used in) investing activities (98,043) (45,996)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 4,968,000 6,096,612
Repayments of notes payable (2,854,548) (4,507,000)
Proceeds from notes and loans payable to related parties 2,343,000 2,400,000
Repayments of notes and loans payable to related parties (1,018,000) (2,961,380)
Net cash provided by financing activities 3,438,452 1,028,232
Net (Decrease) Increase in Cash and Cash Equivalents (86,918) (48,775)
Cash and Cash Equivalents at Beginning of Period 164,610 115,239
Cash and Cash Equivalents at End of Period 77,692 66,464
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 55,916 184,415
Franchise and income taxes 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Related Party Receivable applied against Related Party Payable $ 0 $ 40,441