Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flow from operating activities:    
Net income (loss) $ (258,049) $ 184,870
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expenses 793,394 122,064
Non-cash professional expenses 99,624 146,682
Non cash write off of acquisition deposits 50,000
Loss (gain) on disposition of assets 12,345
Non-cash salaries and wages 11,850
Bad debt expense (81,761)
Non-cash interest expense 5,533
(Increase) decrease in assets:    
Accounts receivable, net (77,363) (29,786)
Other current assets (50,421) (6,325)
Deposits (4,948) 8,662
(Decrease) increase in liabilities:    
Accounts payable and accrued expenses 237,653 46,125
Related party accrued interest 94,045
Deferred tax assets and liabilities, net 46,580
Net cash provided by operating activities 860,665 490,109
Cash flows from investing activities:    
Acquisition of business (230,000)
Purchases of property and equipment (252,162) (35,594)
Cash proceeds from sale of assets 23,000
Purchases of intangible assets (24,272)
Net cash used in investing activities (459,162) (59,866)
Cash flows from financing activities:    
Payments on long term debt (150,670)
Payments on short term acquisition note (100,000)
Payments on related party payables (25,000)
Payments on capital lease obligation (18,446) (15,581)
Payments on loan from shareholder (51,790)
Net cash provided by (used in) financing activities (294,116) (67,371)
Net increase (decrease) in cash 107,387 362,872
Cash, beginning of period 344,365 108,642
Cash, end of period 451,752 471,514
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 50,239 19,988
Cash paid during the year for income taxes
Supplemental schedule of non-cash activities:    
Issuances of shares subscribed 3,150,000
Short term acquisition note paid on behalf of Company by a related party 250,000
Settlement of amounts due to related party for restricted common stock 704,983
Conversion of shareholder debt to 10% cumulative preferred stock 2,000,000
Conversion of shareholder debt to non-interest bearing accrued short term payable (remaining difference from Prefeerred Conversion of Shareholder Debt) 17,301
Preferred stock dividends accrued, not paid 150,000
Issuance of shares for professional services 6,200
Issuances of shares subscribed for deposit on landfill 225,000
Issuances of shares subscribed for professional services $ 146,682