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 ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (2,117,200) $ (472,800)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for doubtful accounts receivable (17,100) (1,400)
Depreciation and amortization [1] 439,800 357,700
Stock-based compensation expense 175,800 $ 760,000
Non-cash interest expense, amortization of debt discount 400
Gain on extinguishment of debt (45,400) $ (24,400)
Changes in operating assets and liabilities:    
Cash - restricted (350,300)  
Accounts receivable 1,389,500 (1,130,200)
Costs in excess of billings on uncompleted contracts (358,400) (141,800)
Prepaid expenses and other assets 150,500 (85,700)
Accounts payable and accrued liabilities (118,900) (198,100)
Billings in excess of revenue on uncompleted contracts 93,000 201,900
Deferred revenue 620,500 353,800
Customer deposits   331,100
Payroll taxes payable 17,100 14,200
Net cash used in operating activities (120,600) (35,700)
Cash flows from investing activities:    
Purchase of property and equipment (448,300) (2,853,900)
Purchase of intangibles (58,900) (64,900)
Net cash used in investing activities (507,200) (2,918,800)
Cash flows from financing activities:    
Payments of notes payments and capital lease obligations (354,800) (157,400)
Payments of related party notes payable and accrued interest (42,000) $ (34,400)
Proceeds from convertible debt $ 1,000,000
Proceeds from subscription receivable $ 25,000
Proceeds from exercise of warrants   662,000
Proceeds from the sale of common stock and warrants, net of expenses   776,000
Net cash provided by (used in) financing activities $ 603,200 1,271,200
Net increase (decrease) in cash (24,600) (1,683,300)
Cash at the beginning of period 229,200 [2] 2,419,100
Cash at the end of period 204,600 735,800
Supplemental disclosures of cash flow information:    
Cash paid for interest 32,400 $ 69,000
Discount on convertible debt 14,600  
Conversion of debt and accrued interest to equity 257,400  
Financing of prepaid insurance premiums 273,900  
Capital lease additions $ 214,400  
[1] Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles
[2] These numbers were derived from the audited financial statements for the year ended December 31, 2014. See accompanying notes