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, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ (419,900) $ 46,800
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization [1] 191,900 194,300
Stock-based compensation expense 17,000 29,600
Non-cash expense for interest, common stock issued for debt penalty 345,000  
Non-cash expense for interest, warrants - accretion of debt discount 1,600 1,200
Gain on disposition of assets   (12,800)
Changes in operating assets and liabilities:    
Accounts receivable (243,700) (380,700)
Costs in Excess of billings on uncompleted contracts 13,600 111,400
Prepaid expenses and other assets (59,600) 146,900
Accounts payable and accrued liabilities 174,100 156,200
Billings in excess of revenue on uncompleted contracts (134,300) 26,900
Deferred revenue (47,100) (4,600)
Payroll taxes payable 5,700 5,700
Net cash provided by operating activities (155,700) 320,900
Cash flows from investing activities:    
Insurance proceeds from property damage   39,300
Purchase of property and equipment (1,300) (136,700)
Purchase of intangibles   (20,300)
Net cash used in investing activities (1,300) (117,700)
Cash flows from financing activities:    
Payments of notes payments and capital lease obligations (183,600) (124,500)
Payments of related party notes payable and accrued interest   (20,000)
Proceeds from short-term notes 450,000 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 266,400 202,500
Net increase in cash 109,400 405,700
Cash at the beginning of period 233,200 [2] 257,100
Cash at the end of period 342,600 662,800
Supplemental disclosures of cash flow information:    
Cash paid for interest 12,400 33,400
Financing of prepaid insurance premiums $ 438,300 $ 278,600
[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, 2016.