Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income (loss) $ 46,800 $ (577,300)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for doubtful accounts receivable   (17,100)
Depreciation and amortization 194,300 146,600
Stock-based compensation expense 29,600 98,000
Non-cash expense for interest, warrants - accretion of debt discount 1,200  
Gain on disposition of assets (12,800)  
Changes in operating assets and liabilities:    
Accounts receivable (380,700) 921,700
Costs in Excess of billings on uncompleted contracts 111,400 (182,100)
Prepaid expenses and other assets 146,900 59,000
Accounts payable and accrued liabilities 156,200 (367,200)
Billings in excess of revenue on uncompleted contracts 26,900 135,000
Deferred revenue (4,600) 465,400
Payroll taxes payable 5,700 5,700
Net cash provided by operating activities 320,900 687,700
Cash flows from investing activities:    
Insurance proceeds from property damage 39,300  
Purchase of property and equipment (136,700) (169,800)
Purchase of intangible assets (20,300) (17,300)
Net cash used in investing activities (117,700) (187,100)
Cash flows from financing activities:    
Payments of notes and capital lease obligations (124,500) (121,900)
Payments of related party notes payable and accrued interest (20,000) (12,000)
Proceeds from exercise of warrants 25,000  
Proceeds from warrant extensions 22,000  
Proceeds from the sale of common stock and warrants, net of expenses 300,000  
Net cash provided by (used in) financing activities 202,500 (133,900)
Net increase in cash 405,700 366,700
Cash at the beginning of year 257,100 443,000
Cash at the end of year 662,800 809,700
Supplemental disclosures of cash flow information:    
Cash paid for interest 33,400 54,100
Conversion of debt and accrued interest to equity   257,400
Financing of prepaid insurance premiums $ 278,600 273,900
Capital lease additions   $ 214,400