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4
<br />Cash Flow
<br />Cash Flows used in Investing Activities YTD CY YTD PY
<br />Purchase of property, equip and lease decorations (3,411,250)$ (879,121)$
<br />Cash paid for acquisition of business - (175,000)
<br />Purchase of other intangibles (492,503) (489,112)
<br />Proceeds from the sale of property - 567,753
<br />Net cash (used) in investing activities (3,903,753) (975,480)
<br />Cash Flows from Financing Activities
<br />Net borrowings (payments) on line of credit 677,688 (3,266,690)
<br />Net borrowings subordinated debt -
<br />Proceeds from long-term borrowings 7,510,000 1,000,000
<br />Payments on long-term borrowings (8,428,729) (1,911,716)
<br />Payments on Note Payable -
<br />Deferred Financing Fees (92,823) (119,250)
<br />Capital contributions - 500,000
<br />Redemption of membership units - (11,113)
<br />Net cash from financing activities (333,864) (3,808,769)
<br />Increase (Decrease) in cash 355,157 20,278
<br />Cash:
<br />Beginning 93,856 73,578
<br />Ending 449,013$ 93,856$
<br />YTD CY YTD PY
<br />Cash Flows from Operating Activities
<br />Net Income (Loss) (1,522,926)$ (1,256,898)$
<br />Adjusments to reconcile net income(loss) to net
<br />cash used in operating activities:
<br />Amortization 2,004,575 1,792,895
<br />Depreciation 1,324,055 1,215,896
<br />Write off of deferred financing costs - 143,908
<br />Loss (Gain) on sale of property - 297,090
<br />Amoritzation of right-of-use assets, operating
<br /> leases included in rent expense 395,165 489,471
<br />Change in assets and liabilities:
<br />(Increase) Decrease in:
<br />Accounts receivable 2,002,108 950,524
<br />Inventory 166,717 206,569
<br />Other receivable (8,556) (72,036)
<br />Prepaid expenses (99,894) (148,931)
<br />Increase (Decrease) in:
<br />Accounts Payable 1,267,465 555,415
<br />Unearned Revenue 14,712 (40,553)
<br />Accrued Payroll (319,165) 294,199
<br />Accrued Expenses (237,704) 855,010
<br />Operating lease liabilities (395,165) (478,032)
<br />Accrued Corporate Taxes 1,387 -
<br />Net cash generated (used) in operating activities 4,592,774$ 4,804,527$
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