From the newest filing-10QSBA:
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NINE MONTHS
CASH FLOWS PROVIDED BY OPERATIONS 1998
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Net Loss (3,325,638)
Common stock issued as compensation 955,261
Common Stock issued in lieu of cash 467,345
Depreciation & amortization 232,599
CHANGE IN ASSETS AND LIABILITIES:
(Increase)/Decrease in restricted cash (102,000)
(Increase)/Decrease in accounts receivable (131,203)
(Increase)/Decrease in inventory (64,096)
(Increase)/Decrease in loan to officer (91,851)
(Increase)/Decrease in notes receivable (2,700)
(Increase)/Decrease in deferred expenses
and other assets (1,684,139)
(Increase)/Decrease in intangible assets 0
Increase/(Decrease) in accounts payable and
accrued expenses (262,468)
Increase/(Decrease) in payroll taxes payable 48,611
Increase/(Decrease) in other liabilities (38)
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Net Cash provided (used) by operations (3,960,317)
CASH USED IN INVESTING ACTIVITIES
Investment in holding company 0
Acquisition of furniture, equipment, and
leasehold improvements (35,181)
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(35,181)
CASH PROVIDED BY FINANCING ACTIVITIES
Sale of common stock from treasury 1,936,359
Proceeds from notes and loans payable (14,958)
Proceeds from convertible debentures 2,044,329
Repayment of notes and other liabilities (118,183)
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Net Cash provided by Financing Activities 3,847,547
NET INCREASE (DECREASE) IN CASH (147,951)
CASH - BEGINNING OF PERIOD 97,738
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CASH - END OF PERIOD (50,213)
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Anyone care to crunch around?
Best Fishes,
FP
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