v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 37,140 $ 44,787
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation, accretion and amortization, net 199,181 64,281
Provision (recovery) of inventory reserve 1,000 (36,000)
Stock-based compensation 40,416 48,842
Non-cash interest expense 0 203
Loss on sale of assets 4,120 2,909
Provision for losses on accounts receivable 4,600 0
Changes in operating assets and liabilities, net of effects of acquisitions    
Accounts receivable (1,496,737) (471,660)
Unbilled revenue (549,647) (77,410)
Inventory, net 33,782 (1,265,013)
Due from related party 0 (75,705)
Prepaid expenses and other current assets (99,153) (199,561)
Other non-current assets 19,681 (69,875)
Increase (decrease) in:    
Accounts payable 855,949 644,323
Accrued expenses and other current liabilities 288,913 (224,394)
Deferred revenue (64,122) 61,364
Interest payable, related party 12,575 0
Net cash used in operating activities (712,302) (1,552,909)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (145,326) (73,330)
Proceeds from sale of assets 3,606 0
Purchases of intangible assets (83,856) (53,608)
Cash acquired in asset acquisition 442,786 0
Expenses associated with asset acquisition (553) 0
Distributions to noncontrolling interest (23,338) 0
Net cash provided by (used in) investing activities 193,319 (126,938)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the exercise of stock options 48,245 106,835
Net cash provided by financing activities 48,245 106,835
Change in cash and cash equivalents (470,738) (1,573,012)
Cash and cash equivalents, beginning of the period 1,673,072 3,721,765
Cash and cash equivalents, end of the period 1,202,334 2,148,753
Non-cash investing and financing activities:    
Cash paid for interest 0 31,150
Exchange of stock for non-controlling interest in Ilios $ 0 $ 330,852

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