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, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net Income (loss) $ (757,416) $ 4,402,810
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Fair value of vested stock options 8,240
Depreciation and amortization 255,631 207,857
Changes in operating assets and liabilities    
Accounts receivable 1,345,680 (2,907,292)
Inventories (647,462) (2,746,492)
Prepaid expenses (58,101) (85,444)
Deposits (20,700) 22,148
Refundable income taxes (629,316)
Deferred tax assets 160,637 44,363
Accounts payable 98,398 476,471
Income taxes payable (1,227,308) 931,530
Customer deposits (31,915) (157,648)
Accrued expenses and other current liabilities (83,498) 438,753
Net cash provided by (used in) operating activities (1,587,130) 627,056
Cash flows from investing activities:    
Acquisition of property and equipment (342,121) (165,088)
Payable for acquired technology (131,215)
Net cash used in investing activities (342,121) (296,303)
Cash flows from financing activities:    
Advances (repayment) of credit line net (965,150)
Repayment of notes (111,744) (344,197)
Proceeds from issuance of common stock 16,957,334
Net cash provided by (used in) financing activities (111,744) 15,647,987
Increase (decrease) in cash and cash equivalents (2,040,995) 15,978,740
Cash and cash equivalents, beginning of period 16,242,158 263,418
Cash and cash equivalents, end of period 14,201,163 16,242,158
Supplemental Cash Flow Information:    
Interest paid 10,193 112,550
Taxes Paid 2,424,417 1,885,337
Supplemental non-cash investing and financing activities:    
Assets acquired under notes payable 237,463
Fair value of common stock issued to settle wages payable $ 37,500