Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (747,300) $ (419,900)
Income from discontinued operations 354,700
Net loss from continuing operations (747,300) (774,600) [1]
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 160,600 [2] 191,900
Stock-based compensation expense 35,500 17,000
Non-cash expense for interest, common stock issued for debt penalty 263,800 345,000
Non-cash expense for interest, warrants - accretion of debt discount 1,600
Changes in operating assets and liabilities:    
Accounts receivable (3,500) 46,700
Costs in Excess of billings on uncompleted contracts 13,600
Prepaid expenses and other assets 17,500 (44,000)
Accounts payable and accrued liabilities 58,900 (286,200)
Billings in excess of revenue on uncompleted contracts (13,400) (134,300)
Deferred revenue (4,000) (47,100)
Payroll taxes payable 14,000 5,700
Net cash used by operating activities (217,900) (664,700)
Cash flows from investing activities:    
Purchase of property and equipment (1,300)
Net cash used in investing activities (1,300)
Cash flows from financing activities:    
Payments of notes and capital lease obligations (135,600) (183,600)
Proceeds from short-term notes 350,000 450,000
Proceeds from the sale of common stock and warrants, net of expenses 120,000
Net cash provided by financing activities 334,400 266,400
Net cash flows from discontinued operations 509,000
Net increase in cash 116,500 109,400
Cash at the beginning of period 54,100 233,200
Cash at the end of period 170,600 342,600
Supplemental disclosures of cash flow information:    
Cash paid for interest 61,500 12,400
Financing of prepaid insurance premiums $ 370,500 $ 438,300
[1] Excludes discontinued operations
[2] Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles