Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (UNAUDITED)

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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 7 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 626,587 $ (359,095)
Adjustments to reconcile net income (loss) to net cash provided by/(used in) operating activities:    
Amortization of deferred compensation cost 14,000
Stock based compensation expense 53,407 126,006
Depreciation and amortization 179,874 167,513
Deferred capital gain - building lease (13,113) (13,113)
Deferred taxes 8,617 (30,288)
Provision for returns and doubtful accounts 58,941 (14,102)
Changes in operating assets and liabilities:    
Increase in accounts receivable (38,321) (293,821)
Increase in inventory (232,865) (71,011)
Decrease/(Increase) in prepaid expense and other assets 123,231 (78,602)
(Decrease)/Increase in accounts payable (409,550) 357,384
Decrease in accrued payroll and related taxes (53,302) (31,204)
Increase in accrued expense 84,892 168,732
Increase/(Decrease) in accrued tax liability 142,883 (155,075)
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES 531,281 (212,676)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payments for property and equipment (134,640) (123,689)
Payments for patents (28,839) (106,355)
NET CASH USED IN INVESTING ACTIVITIES (163,479) (230,044)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment for cancelled shares (19,360)
Purchase of treasury stock (120,577)
NET CASH USED IN FINANCING ACTIVITIES (19,360) (120,577)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 348,442 (563,297)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 3,313,265 4,201,949
CASH AND CASH EQUIVALENTS, END OF PERIOD 3,661,707 3,638,652
Cash paid during the periods for:    
Interest
Taxes
NON-CASH FINANCING AND INVESTING ACTIVITIES    
Issuance of common stock as compensation $ 78,750 $ 43,468