• Filing Date: 2017-08-21
  • Form Type: 10-Q
  • Description: Quarterly report
v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 91,883 $ 521,230
Depreciation and amortization 11,223 2,410
Deferred taxes 75,000
Changes in operating assets and liabilities balances:    
Accounts receivable (165,615) (95,760)
Inventories (80,573) (80,712)
Prepaid expenses and other current assets 29,511 (9,717)
Accounts payable (93,824) (78,699)
Accrued expenses and other current liabilities (6,962) 64,418
Due to shareholder (87,863) 14,256
Net cash provided by (used in) operating activities (227,220) 337,426
Cash flows from investing activities:    
Purchase of equipment (4,970)
Restricted cash (87)
Net cash provided by (used in) investing activities (5,057)
Cash flows (used) in financing activities:    
Repayments on notes payable (6,000)
Repayments on capital lease payable (4,733)
Net cash (used in) financing activities (4,733) (6,000)
Net (decrease) increase in cash and cash equivalents (231,953) 326,369
Cash and cash equivalents - beginning of period 1,982,276 1,398,848
Cash and cash equivalents - end of period 1,750,323 1,725,217
Cash paid for:    
Interest $ 728 $ 512