• Filing Date: 2014-08-14
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Net income (loss) $ 35,828 $ (66,238)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,642 4,408
Interest receivable (1,047) (1,047)
Increase (decrease) in cash flows as a result of changes in net assets and liabilities balances:    
Accounts receivable (111,136) 20,593
Inventories (82,996) (20,350)
Prepaid expenses and other current assets (23,838) (8,901)
Other assets (1,000)  
Accounts payable 47,442 2,377
Accrued expenses and other current liabilities 125,843 (781)
Net cash used in operating activities (9,262) (69,939)
Cash flows used in investing activities:    
Restricted cash   (304)
Cash flows used in financing activities:    
Repayments on note payable - Bank (4,000) (3,000)
Net decrease in cash and cash equivalents (13,262) (73,243)
Cash and cash equivalents - beginning of period 83,156 105,087
Cash and cash equivalents - end of period 69,894 31,844
Cash paid for:    
Interest $ 953 $ 790