Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 162,267 $ 427,835
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 436,085 415,974
Amortization of debt issuance costs and debt discount 73,729 52,158
Change in estimated fair value of warrant liability 66,500  
Share-based compensation 49,837 20,471
Changes in operating assets and liabilities:    
(Increase) decrease in restricted cash (30,936) 51,044
Decrease in accounts receivable 140,704 78,239
Increase in inventory (63,017) (54,958)
Decrease in prepaid expenses and other current assets 33,665 52,651
Decrease in accounts payable (67,905) (111,239)
Increase in income tax payable 74,816 222,903
Increase in accrued expenses 99,629 56,054
(Decrease) increase in deferred revenue (59,808) 96,293
Increase (decrease) in jackpot liabilities 34,042 (22,470)
Decrease in deferred rent (2,641) (457)
Net cash provided by operating activities 946,967 1,284,498
Cash flows from investing activities:    
Acquisition of intangible assets (27,470)  
Acquisition of property and equipment (13,997) (11,314)
Net cash used in investing activities (41,467) (11,314)
Cash flows from financing activities:    
Proceeds from stock option exercises 35,000  
Debt issuance costs (17,091)  
Principal payments on capital lease obligations (7,611) (17,441)
Principal payments on long-term debt (303,563) (746,419)
Net cash used in financing activities (293,266) (763,860)
Effect of exchange rate changes on cash 3,159 (1,962)
Net increase in cash and cash equivalents 615,393 507,362
Cash and cash equivalents – beginning of period 2,304,761 570,623
Cash and cash equivalents – end of period 2,920,154 1,077,985
Supplemental cash flow information:    
Cash paid for interest 445,352 185,718
Inventory transferred to assets held for lease $ 24,132 10,273
Cash paid for income taxes   $ 5,000