Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flow from operating activities:    
Net income $ 103,116 $ 144,245
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expenses 80,279 $ 59,907
Non-cash professional expenses 108,042  
Bad debt expense (81,761) $ 762
(Increase) decrease in assets:    
Accounts receivable, net (2,247) $ (20,540)
Other current assets 1,025  
Deposits 8,662  
(Decrease) increase in liabilities:    
Accounts payable and accrued expenses 52,101 $ 7,331
Related party accrued interest 3,772 $ 4,528
Income taxes payable 63,744  
Net cash provided by operating activities 336,733 $ 196,233
Cash flows from investing activities:    
Purchases of property and equipment (19,095) $ (30,131)
Purchase of intangible assets (24,272)  
Net cash used in investing activities (43,367) $ (30,131)
Cash flows from financing activities:    
Payments on capital lease obligation $ (10,166)  
Advances from shareholder   $ 8,100
Payments on loan from shareholder $ (51,790) (134,719)
Net cash provided by financing activities (61,956) (126,619)
Net increase (decrease) in cash 231,410 39,483
Cash, beginning of year 108,642 57,447
Cash, end of year 340,052 $ 96,930
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest $ 15,903  
Cash paid during the year for income taxes    
Supplemental schedule of non-cash activities:    
Issuances of shares for professional services $ 2,600  
Issuances of shares subscribed for deposit on landfill 150,000  
Issuances of shares subscribed for professional services $ 111,642