Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.21.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Loss from continuing operations $ (330,400) $ (653,400)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 34,600 44,000
Stock-based compensation expense 4,700 8,300
Non-cash expense for interest, common stock issued for debt penalty 33,100
Non-cash expense for interest, accretion of debt discount 20,000 18,400
Gain on disposition of assets (75,800)
Non-cash relief of aged accounts payable (35,700)
Changes in operating assets and liabilities:    
Accounts receivable (172,200) 384,600
Costs in excess of billings on uncompleted contracts 6,800 (243,100)
Inventory (53,700) (76,300)
Prepaid expenses and other assets (221,400) (96,000)
Accounts payable, accrued liabilities, and customer deposits (25,400) 112,300
Billings in excess of revenue on uncompleted contracts 84,600 136,000
Deferred revenue (8,200) 76,000
Payroll taxes payable 8,300 8,300
Net cash used in operating activities (728,100) (283,500)
Cash flows from investing activities:    
Purchase of property and equipment (19,300)
Proceeds from the sale of fixed assets 75,800
Net cash provided (used) by investing activities 75,800 (19,300)
Cash flows from financing activities:    
Payments of notes and capital lease obligations (63,400) (52,500)
Payments of short-term notes - related party (10,000)
Proceeds of short-term notes - related party 10,000
Proceeds from short-term and long-term debt 650,000 150,000
Proceeds from paycheck protection program 130,100
Net cash provided by financing activities 716,700 97,500
Net (decrease) increase in cash 64,400 (205,300)
Cash at the beginning of period 47,300 354,700
Cash at the end of period 111,700 149,400
Supplemental disclosures of cash flow information:    
Cash paid for interest 24,700 3,300
Financing of prepaid insurance premiums 52,400 94,700
Non-cash repayment of debt 154,700
Non-cash payment of interest $ 22,500