Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.23.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Loss from continuing operations $ (764,900) $ (369,400)
Income from discontinued operations (11,700) (21,300)
Net Loss (776,600) (390,700)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,600 30,300
Gain on debt distinguishment (96,600)
Bad debt 19,800
Changes in operating assets and liabilities:    
Accounts receivable 421,300 (212,700)
Contract assets (17,200) (11,300)
Inventory (14,700) 71,300
Prepaid expenses and other assets (73,800) (70,000)
Accounts payable, accrued liabilities, and customer deposits (72,100) 274,300
Contract liabilities (89,800) (2,400)
Change in assets and liabilities held for sale (9,100)
Net cash used in operating activities (626,400) (388,000)
Cash flows from investing activities:    
Purchase of property and equipment (28,300)
Net cash (used) provided by investing activities (28,300)
Cash flows from financing activities:    
Payments of notes (23,400)
Proceeds from short-term and long-term debt 650,000 319,300
Net cash provided by financing activities 650,000 295,900
Effect of exchange rate changes on cash  
Net increase (decrease) in cash 23,600 (120,400)
Cash at the beginning of period 21,500 188,800
Cash at the end of period 45,100 68,400
Supplemental disclosures of cash flow information:    
Cash paid for interest 13,600 1,500
Financing of prepaid insurance premiums 35,800
Non-cash repayment of debt 50,800
Non-cash repayment of debt - PPP Loan 96,600
Non-cash payment of interest $ 15,400