General form of registration statement for all companies including face-amount certificate companies

Statements of Cash Flows (Sound Concepts, Inc.)

v3.19.1
Statements of Cash Flows (Sound Concepts, Inc.) - USD ($)
 11 Months Ended 12 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)     $ (12,127,000) $ (7,266,000)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Depreciation of property and equipment     20,000 22,000  
Changes in operating assets and liabilities:          
Accounts receivable     (1,000) 8,000  
Other assets     2,000 7,000  
Deferred revenue      
Net cash provided by (used in) operating activities     (4,157,000) (1,677,000)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net cash provided by (used in) financing activities     4,780,000 1,671,000  
NET (DECREASE)/INCREASE IN CASH     623,000 (6,000)  
Cash - beginning of period $ 11,000 $ 17,000 11,000 17,000  
Cash - end of period     634,000 11,000 $ 17,000
Supplemental disclosure of cash flow information:          
Cash paid for interest     402,000 326,000  
Sound Concepts, Inc. [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) 533,000 121,000   (15,000) (745,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Allowance for doubtful accounts 15,000 13,000   (24,000) 7,000
Inventory reserve (57,000) 90,000   (76,000) 95,000
Gain from disposal of property and equipment (20,000)  
Depreciation of property and equipment 32,000 82,000   59,000 67,000
Changes in operating assets and liabilities:          
Accounts receivable 372,000 (124,000)   (240,000) (15,000)
Inventory 177,000 152,000   254,000 (373,000)
Prepaid expenses (75,000) 20,000   (11,000) (16,000)
Other assets 1,000 10,000   10,000 (1,000)
Accounts payable (192,000) (581,000)   (512,000) 755,000
Accrued liabilities and payroll (101,000) (46,000)   60,000 70,000
Customer deposits 22,000 (61,000)   (79,000) 88,000
Deferred revenue (75,000) 133,000   185,000 40,000
Net cash provided by (used in) operating activities 632,000 (191,000)   (389,000) (28,000)
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchase of property and equipment (15,000) (20,000)   (5,000) (8,000)
Net cash used in investing activities (15,000) (20,000)   (5,000) (8,000)
CASH FLOWS FROM FINANCING ACTIVITIES:          
Advances to related party 26,000 4,000   (14,000) (32,000)
Credit line payable (280,000) 100,000   280,000
Notes payable (9,000) (18,000)   (20,000) (19,000)
Net cash provided by (used in) financing activities (263,000) 86,000   246,000 (51,000)
NET (DECREASE)/INCREASE IN CASH 354,000 (125,000)   (148,000) (87,000)
Cash - beginning of period 78,000 226,000 $ 78,000 226,000 313,000
Cash - end of period 432,000 101,000   78,000 226,000
Supplemental disclosure of cash flow information:          
Cash paid for interest 9,000 2,000   2,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
Note payable incurred on acquisition of vehicle $ 36,000