Cash Flow

v3.22.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Loss from continuing operations $ (390,700) $ (363,900)
Income from discontinued operations 33,500
Net loss (390,700) (330,400)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 30,300 34,600
Stock-based compensation expense 4,700
Non-cash expense for interest, accretion of debt discount 20,000
Gain on debt distinguishment (96,600)
Gain on disposition of assets (75,800)
Bad debt 19,800
Changes in operating assets and liabilities:    
Accounts receivable (212,700) (172,200)
Contract assets (11,300) 6,800
Inventory 71,300 (53,700)
Prepaid expenses and other assets (70,000) (221,400)
Accounts payable, accrued liabilities, and customer deposits 274,300 (17,100)
Contract liabilities (2,400) 84,600
Deferred revenue (8,200)
Net cash used in operating activities (388,000) (728,100)
Cash flows from investing activities:    
Purchase of property and equipment (28,300)
Proceeds from the sale of fixed assets 75,800
Net cash provided (used) by investing activities (28,300) 75,800
Cash flows from financing activities:    
Payments of notes and capital lease obligations (23,400) (63,400)
Payments of short-term notes - related party (10,000)
Proceeds from short-term notes - related party 10,000
Proceeds from short-term and long-term debt 319,300 650,000
Proceeds from paycheck protection program 130,100
Net cash provided by financing activities 295,900 716,700
Net increase (decrease) in cash (120,400) 64,400
Cash at the beginning of period 188,800 47,300
Cash at the end of period 68,400 111,700
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,500 24,700
Financing of prepaid insurance premiums 52,400
Cash paid for income taxes
Non-cash repayment of debt 50,800 154,700
Non-cash repayment of debt - PPP Loan 96,600
Non-cash payment of interest $ 15,400 $ 22,500

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