Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOW (Unaudited)

v3.7.0.1
CONDENSED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net Income $ 243,751 $ 938,689
Adjustments to reconcile net income to net cash used in operating activities:    
Common shares issued for services 37,500
Depreciation and amortization 120,080 96,580
Changes in operating assets and liabilities    
Accounts receivable 2,691,458 (2,362,891)
Inventories (897,078) (725,267)
Prepaid expenses (81,407) (44,465)
Deposits (7,500)
Refundable income taxes (988,168)
Deferred tax assets (57,378) 68,889
Accounts payable (550,984) 826,651
Income taxes payable (1,227,308) 445,918
Customer deposits 977 136,241
Accrued expenses and other current liabilities (227,916) 306,645
Net cash used in operating activities (973,973) (283,010)
Cash flows from investing activities:    
Acquisition of property and equipment (158,445) (107,709)
Payable for acquired technology (90,000)
Net cash used in investing activities (158,445) (197,709)
Cash flows from financing activities:    
Advances (repayment) of credit line; net 607,443
Repayment of notes (57,895) (189,283)
Net cash (used in) provided by financing activities (57,895) 418,160
Decrease in cash and cash equivalents (1,190,313) (62,559)
Cash and cash equivalents, beginning of period 16,242,158 263,418
Cash and cash equivalents, end of period 15,051,845 200,859
Supplemental Cash Flow Information:    
Taxes Paid 2,424,417
Interest Paid 10,193 63,791
Supplemental non-cash investing and financing activities:    
Assets acquired under notes payable $ 237,463