• Filing Date: 2018-08-20
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 22,617 $ 2,633
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 9,818 11,223
Changes in operating assets and liabilities balances:    
Accounts receivable (45,649) (165,615)
Inventories (87,760) 83,677
Prepaid expenses and other current assets (15,575) 29,511
Accounts payable (28,419) (93,824)
Accrued expenses and other current liabilities (23,864) (6,962)
Net cash used in operating activities (168,832) (139,357)
Cash flows provided by (used) in financing activities:    
Repayments on capital lease payable (8,047) (4,733)
Borrowing on line of credit 35,000
Borrowings from (repayments to) stockholder 6,971 (87,863)
Net cash provided by (used in) financing activities 33,924 (92,596)
Net decrease in cash and cash equivalents (134,908) (231,953)
Cash and cash equivalents - beginning of period 1,693,532 1,982,276
Cash and cash equivalents - end of period 1,558,624 1,750,323
Cash paid for:    
Interest $ 728 $ 728