XML 71 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Continuing operations:    
Net Income (Loss) $ 260,765 $ (385,980)
Adjustments necessary to reconcile net loss to net cash used in operating activities:    
Stock issued for expenses (28,875) 14,064
Depreciation and amortization 19,254 21,148
Compensation expense from stock options 17,672 10,125
(Increase) decrease in accounts receivable 2,977,996 1,996,932
(Increase) decrease in inventory (3,728) 87,102
(Increase) decrease in prepaid expenses 731,136 (25,955)
(Increase) decrease in other assets (33,831) (10,108)
Increase (decrease) in accounts payable and accrued expenses (839,367) (838,143)
Increase (decrease) in accrued interest on notes payable 43,239 20,127
Net cash provided by (used in) operating activities 3,144,261 889,312
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment 0 (500,000)
Purchase of property and equipment (10,406) (5,528)
Net cash provided by (used in) investing activities (10,406) (505,528)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 4,012,828 1,694,673
Repayments of notes payable (6,507,313) (2,537,156)
Proceeds from notes and loans payable to related parties 0 865,000
Repayments of notes and loans payable to related parties (624,077) (575,000)
Net cash provided by financing activities (3,118,562) (552,483)
Net (Decrease) Increase in Cash and Cash Equivalents 15,293 (168,699)
Cash and Cash Equivalents at Beginning of Period 436,592 411,259
Cash and Cash Equivalents at End of Period 451,885 242,560
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 57,885 2,984
Franchise and income taxes $ 0 $ 0