XML 17 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,142,570 $ 2,473,078
Adjustments necessary to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 55,725 44,400
Accrued interest on note receivable (26,887) 13,654
Stock based compensation expense 66,594 46,581
Provision for deferred income tax 146,000
Accrued sales allowance (831,731) (94,203)
(Increase) decrease in accounts receivable (731,532) 6,755,174
(Increase) decrease in inventory (224,265) 275,049
(Increase) decrease in prepaid expenses 20,813 (43,764)
Increase (decrease) in accounts payable and accrued liabilities (263,912) 958,580
(Decrease) in accrued interest on notes payable (135,337) (168,492)
Net cash provided by (used in) operating activities 2,141,780 (3,740,169)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment 47,587 15,501
Net cash (used in) investing activities (47,587) (15,501)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 30,559,312 19,393,834
Repayments of notes payable 30,559,312 15,049,345
Repurchase of shares from Involve, LLC 250,000
Proceeds from notes and loans payable to related parties 7,500
Warrant issued 860,000
Repayments of notes and loans payable to related parties 257,100 1,453,946
Net cash provided by (used in) financing activities (499,600) 3,750,543
Net Increase (decrease) in Cash and Cash Equivalents 1,594,593 (5,127)
Cash and Cash Equivalents at Beginning of Period 1,646,128 364,714
Cash and Cash Equivalents at End of Period 3,240,721 359,587
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for: Interest 221,881 396,014
Cash paid during the period for: Income taxes 371,500 31,912
Non-cash financing and investing activities:    
Sale of Investment for Note receivable 500,000
Shares issued in satisfaction of loan payable to related party $ 240,900