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Craig A. Smith & Associates, Inc. and MPS3D, LLC
<br />Combined Statement of Cash Flows
<br />See accompanying notes to combined financial statements and accountant's review report
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<br />December 31,
<br />December 31,
<br />Cash Flows From Operating Activities
<br />2016
<br />2015
<br />Combined net profit
<br />$ 633,425
<br />$ 1,013,966
<br />Adjustments to reconcile combined net profit to net cash provided by
<br />operating activities:
<br />Depreciation and amortization
<br />51,280
<br />49,099
<br />Gain (loss) on sale of equipment
<br />50
<br />(11,750)
<br />Changes in operating assets and liablitlies:
<br />Decrease in accounts receivables
<br />35,015
<br />(386,384)
<br />Decrease (Increase) in costs and estimated earnings in excess of billings
<br />36,758
<br />7,868
<br />Decrease (Increase) in prepaid expenses
<br />52,992
<br />(82,797)
<br />Decrease (Increase) in other assets and receivables
<br />(9,022)
<br />(87)
<br />Decrease ( Increase) in other assets
<br />(1,000)
<br />112
<br />Increase (Decrease) in accounts payable
<br />113,119
<br />(87,059)
<br />Increase (Decrease) in accrued expenses
<br />(30,295)
<br />117,362
<br />Decrease in deferred rent
<br />(19,989)
<br />(12,867)
<br />Total adjustments
<br />228,908
<br />(406,503)
<br />Net cash provided by operating activities
<br />862,333
<br />607,463
<br />Cash Flows from Investinq Activities
<br />Capital expenditures
<br />(148,003)
<br />(34,280)
<br />Net cash provided by investing activities
<br />(148,003)
<br />(34,280)
<br />Cash Flows from (used in) Financing Activities
<br />Payments received on note receivable
<br />14,783
<br />13,940
<br />Repayments of line of credit
<br />(120,000)
<br />(150,000)
<br />Repayments on note payable - related parties
<br />(87,587)
<br />Principal payments of bank notes payable
<br />(103,135)
<br />(137,589)
<br />Stockholders' distribution
<br />(450,000)
<br />(150,000)
<br />Increase (Decrease) in lease obligations
<br />69,636
<br />(43,532)
<br />Net cash provided by financing activities
<br />(588,716)
<br />(554,768)
<br />Net increase (decrease) in Cash
<br />125,614
<br />18,415
<br />Cash on Hand - Beginning of Year
<br />70,960
<br />52,545
<br />Cash on Hand - End of Year
<br />$ 196,574
<br />$ 70,960
<br />Supplemental Disclosure of Cash Flow Information:
<br />Cash paid during the period for:
<br />Interest
<br />$ 9,362
<br />$ 30,590
<br />See accompanying notes to combined financial statements and accountant's review report
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