Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Cash Flows

Unaudited Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flow from operating activities:    
Net loss $ (150,746) $ (41,206)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expenses 276,745 258,151
Non-cash professional expenses 2,421 64,455
Non cash write off of acquisition deposits 50,000
Gain on disposition of assets (5,000)
Bad debt expense 245 335
(Increase) decrease in assets:    
Accounts receivable, net (145,860) (33,809)
Other current assets 41,461 (2,404)
Due from related party (2,710)
Deposits (4,948)
(Decrease) increase in liabilities:    
Accounts payable and accrued expenses (44,704) 29,984
Income taxes payable (21,506)
Deferred tax assets and liabilities, net (21,104) 17,188
Net cash provided by (used in) operating activities (49,252) 316,240
Cash flows from investing activities:    
Acquisition of business (cash portion) (108,000)
Purchases of equipment (14,257) (51,389)
Net cash used in investing activities (122,257) (51,389)
Cash flows from financing activities:    
Issuance of related party long term-debt 18,000
Payments on long term debt (39,332) (57,946)
Payments on capital lease obligation (6,974) (5,890)
Advance from related party 47,515
Net cash provided by (used in) financing activities 19,209 (63,836)
Net increase (decrease) in cash (152,300) 201,015
Cash, beginning of period 344,617  
Cash, end of period 192,317 545,380
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 15,850 17,065
Cash paid during the year for income taxes
Supplemental schedule of non-cash activities:    
Acquisition of business for cash and $270,000 owner financed note (financed portion) and $42,000 of proceeds from related party note payable paid directly to acquisition 270,000
Purchase of vehicle, financed portion 71,723
Refinanced debt acquired from Northeast Data Destruction 60,000
Issuances of shares subscribed 3,150,000
Short term acquisition note paid on behalf of Company by a related party 250,000
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 Preferred Conversion of Shareholder Debt) 17,301
Preferred stock dividends accrued, not paid 50,000 50,000
Conversion of related party payable to restricted common stock $ 592,829