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, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net loss $ (472,800) $ (426,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for doubtful accounts receivable (1,400) 24,500
Depreciation and amortization 357,700 [1] 275,900 [1]
Stock-based compensation expense 760,000 87,600
Gain on extinguishment of debt (24,400) (8,500)
Amortization of debt discount 0 2,000
Changes in operating assets and liabilities:    
Cash - restricted 0 195,800
Accounts receivable (1,130,200) (316,300)
Costs in Excess of billings on uncompleted contracts (141,800) (38,100)
Inventory of supplies (26,900) (135,500)
Prepaid expenses and other assets (58,800) (104,400)
Accounts payable and accrued liabilities (198,100) 452,100
Billings in excess of revenue on uncompleted contracts 201,900 (130,000)
Deferred revenue 353,800 0
Customer deposits 331,100 0
Payroll taxes payable 14,200 (107,900)
Net cash provided by (used in) operating activities (35,700) (228,800)
Cash flows from investing activities:    
Purchase of property and equipment (2,853,900) (355,800)
Purchase of intangibles (64,900) (13,400)
Net cash used in investing activities (2,918,800) (369,200)
Cash flows from financing activities:    
Proceeds from notes payable 0 50,000
Payments of notes payments and capital lease obligations (157,400) (100,300)
Payments of related party notes payable and accrued interest (34,400) (3,400)
Proceeds from exercise of warrants 662,000 0
Proceeds from subscription receivable 25,000 100,000
Proceeds from the sale of common stock and warrants, net of expenses 776,000 785,300
Net cash provided by financing activities 1,271,200 831,600
Net increase (decrease) in cash (1,683,300) 233,600
Cash at the beginning of period 2,419,100 [2] 70,400
Cash at the end of period 735,800 304,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 69,000 65,000
Issuance of common stock for intangible assets 1,050,000 0
Issuance of common stock for investment in unconsolidated subsidaiary 1,212,000 0
Discount on note payable $ 0 $ 4,900
[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, 2013.