Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (219,262) $ 59,946
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Change in fair value of derivative liabilities (1,114) (464,505)
Depreciation expense 69,728 69,529
Amortization of intangible asset 6,250 6,250
Amortization of notes payable discount 75,626
Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services 74,091
Imputed interest 218 252
Change in operating assets and liabilities:    
Accounts receivable (53,119) (118,924)
Inventory (33,922) (61,142)
Unbilled revenue (2,209) 9,398
Prepaid expense 50,068 (130,582)
Other current assets (29,798) (2,676)
Accounts payable and accrued liabilities 301,484 7,272
Deferred revenue (1,200) 5,996
Net cash provided by (used in) operating activities 87,124 (469,469)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (8,934) (3,318)
Net (cash used) in investing activities (8,934) (3,318)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on notes payable (75,626)
Proceeds (repayments) of note payable, related party, net 15,975 (25,632)
Net cash provided by (used in) financing activities 15,975 (101,259)
Effect of exchange rate on cash 5,592 2,039
Net increase (decrease) in cash 99,757 (572,007)
Cash beginning of period 114,733 963,329
Cash end of period 214,490 391,322
Cash paid during the period for    
Interest
Income tax
NON CASH FINANCE AND INVESTING ACTIVITY    
Common stock issued for prepaid services $ 100,000