Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net Income (loss) $ 398,288 $ (323,590)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 209,266 123,542
Write off employee loan   85,800
Net (gain) loss on equity method investment 210
Non-cash interest expense 104,598
Stock based compensation 6,205 24,280
Changes in Assets and Liabilities:    
Accounts receivable 142,278 (104,104)
Other assets 3,600 (9,096)
Prepaid expenses and other current assets 48,095 92,966
Employee Loan
Accounts payable and accrued expenses (224,877) 151,376
Deferred revenue (198,166) (32,817)
Deferred rent (354) 327
Net Cash Provided by Operating Activities 384,335 113,492
Cash Flows from Financing Activities:    
Advances from officer 15,000
Repayment of loan obligations (195,241)
Repayments of capital lease obligations (260,913) (119,222)
Net Cash Used in Financing Activities (456,154) (104,222)
Increase (Decrease) in Cash and Cash Equivalents (71,819) 9,270
Cash and Cash Equivalents, Beginning of Period 255,817 67,045
Cash and Cash Equivalents, End of Period 183,998 76,315
Supplemental Disclosures:    
Cash paid for interest 65,902 28,340
Cash paid for income taxes
Non cash investing and financing activities:    
Accrual of preferred stock dividend 57,127 51,712
Assets acquired by capital lease $ 1,824,996