Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net loss $ (848,252) $ (757,416)
Adjustments to reconcile net loss to net cash used in operating activities:    
Fair value of vested stock options 327,471 8,240
Depreciation and amortization 385,583 255,631
Changes in operating assets and liabilities    
Accounts receivable (4,668,653) 1,345,680
Inventories (2,984,716) (647,462)
Prepaid expenses (231,996) (58,101)
Deposits (6,505) (20,700)
Refundable income taxes (86,600) (629,316)
Deferred tax assets 160,637
Accounts payable 308,662 98,398
Income taxes payable (1,227,308)
Customer deposits 39,145 (31,915)
Accrued expenses and other current liabilities (81,832) (83,498)
Net cash used in operating activities (7,847,693) (1,587,130)
Cash flows from investing activities:    
Acquisition of property and equipment (574,990) (342,121)
Net cash used in investing activities (574,990) (342,121)
Cash flows from financing activities:    
Repayment of notes (138,402) (111,744)
Net cash used in financing activities (138,402) (111,744)
Decrease in cash and cash equivalents (8,561,085) (2,040,995)
Cash and cash equivalents, beginning of period 14,201,163 16,242,158
Cash and cash equivalents, end of period 5,640,078 14,201,163
Supplemental Cash Flow Information:    
Interest paid 20,170 10,193
Taxes Paid 2,424,417
Supplemental non-cash investing and financing activities:    
Assets acquired under notes payable $ 1,109,275