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 ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (12,127,000) $ (7,266,000)
Adjustments to reconcile net income (loss) to net cash provided by (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
Cash - end of period 634,000 11,000
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) 398,000 (15,000)
Adjustments to reconcile net income (loss) to net cash provided by (used) in operating activities:    
Allowance for doubtful accounts 19,000 (24,000)
Inventory reserve (66,000) (76,000)
Gain from disposal of property and equipment (20,000)
Depreciation of property and equipment 35,000 59,000
Amortization
Changes in operating assets and liabilities:    
Accounts receivable (82,000) (240,000)
Inventory 250,000 254,000
Prepaid expenses (63,000) (11,000)
Other assets (9,000) 10,000
Accounts payable 51,000 (512,000)
Accrued liabilities and payroll (97,000) 60,000
Customer deposits 24,000 (79,000)
Deferred revenue (145,000) 185,000
Net cash provided by (used in) operating activities 295,000 (389,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (45,000) (5,000)
Net cash used in investing activities (45,000) (5,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Advances to related party 46,000 (14,000)
Credit line payable (280,000) 280,000
Notes payable (10,000) (20,000)
Net cash provided by (used in) financing activities (244,000) 246,000
NET (DECREASE)/INCREASE IN CASH 6,000 (148,000)
Cash - beginning of period 78,000 226,000
Cash - end of period 84,000 78,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 9,000 2,000
Supplemental non-cash investing and financing activities:    
Note payable incurred on acquisition of vehicle $ 36,000