Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities    
Net Loss $ (3,895,873) $ (2,577,395)
Adjustment to reconcile net loss from operations:    
Depreciation and amortization 154,136 75,605
Warrant expense 3,394 0
Inventory write-offs 77,531 82,404
Bad debt expense 106,464 141,288
Stock compensation expense 1,245,826 84,839
Changes in Operating Assets and Liabilities    
Accounts receivable (73,917) (286,642)
Inventory (167,040) (331,203)
Prepayments and advances (69,409) (742,231)
Other assets (19,275) (3,995)
Accounts payable 217,640 421,380
Accrued expenses (11,973) 608,541
Customer deposits 147,360 2,772,070
Net Cash Provided by (Used in) Operating Activities (2,285,136) 244,661
Cash Flows from Investing Activities    
Purchase of investment (861,649) (400,000)
Purchases of property and equipment (369,480) (204,494)
Purchases of intangible assets (33,674) (8,049)
Net Cash Used Provided By (Used In) Investing Activities (1,264,803) (612,543)
Cash Flows from Financing Activities    
Issuance of capital stock 80,000 1,956,002
Proceeds from issuance of notes payable 2,000,000 300,000
Proceeds from related party loan 1,000,000 0
Repayment of notes payable (8,000) (248,792)
Net Cash Provided by Financing Activities 3,072,000 2,007,210
Net Increase (Decrease) in Cash (477,939) 1,639,328
Cash at Beginning of Period 1,656,791 17,463
Cash at End of Period 1,178,852 1,656,791
Supplemental Cash Flow Information:    
Interest Paid 119,961 216,576
Income Tax Paid 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Common stock issued to reduce convertible and promissory notes payable 0 500,000
Common stock retired $ 375 $ 0