| Sigma Labs, Inc. | |||||||||
| Condensed Statements of Cash Flows | |||||||||
| (Unaudited) | |||||||||
| Six Months ended | |||||||||
| 2017 | 2016 | ||||||||
| OPERATING ACTIVITIES | |||||||||
| Net Loss | $ | (1,932,706 | ) | $ | (1,212,513 | ) | |||
|
Adjustments to reconcile Net Income (Loss) to Net Cash
used in operating activities: | |||||||||
| Noncash Expenses: | |||||||||
| Amortization | 6,526 | 5,764 | |||||||
| Depreciation | 85,125 | 87,054 | |||||||
| Stock Compensation | 307,445 | 130,913 | |||||||
| Loss on Joint Venture | - | 103 | |||||||
| Revaluation of derivative liability and debt discount related to
notes payable | (93,206 | ) | - | ||||||
| Note payable original issue discount | 49,589 | - | |||||||
| Note payable debt discount amortization | 56,441 | - | |||||||
| Change in assets and liabilities: | |||||||||
| Accounts Receivable | 52,769 | 27,564 | |||||||
| Inventory | (40,586 | ) | (70,765 | ) | |||||
| Prepaid Assets | (1,120 | ) | 7,344 | ||||||
| Accounts Payable | 25,430 | 63,974 | |||||||
| Accrued Expenses | 40,220 | 46,006 | |||||||
| NET CASH USED IN OPERATING ACTIVITIES | (1,444,073 | ) | (914,556 | ) | |||||
| INVESTING ACTIVITIES | |||||||||
| Purchase of Furniture and Equipment | (11,380 | ) | (25,430 | ) | |||||
| Purchase of Intangible Assets | (22,054 | ) | (46,835 | ) | |||||
| Notes receivable | (762,034 | ) | - | ||||||
| NET CASH USED IN INVESTING ACTIVITIES | (795,468 | ) | (72,265 | ) | |||||
| FINANCING ACTIVITIES | |||||||||
| Proceeds from issuance of common stock and warrants | 5,225,649 | - | |||||||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 5,225,649 | - | |||||||
| NET CASH DECREASE FOR PERIOD | 2,986,108 | (986,821 | ) | ||||||
| CASH AT BEGINNING OF PERIOD | 398,391 | 1,539,809 | |||||||
| CASH AT END OF PERIOD | $ | 3,384,499 | $ | 552,988 | |||||
| Supplemental Disclosure of Cash Flow Information: | |||||||||
| Cash paid during the period for: | |||||||||
| Interest | $ | 50,418 | $ | - | |||||
| Income Taxes | $ | - | $ | - | |||||
| Supplemental Schedule of Noncash Investing and Financing Activities: | |||||||||
| Issuance of Common Stock for services | $ | 51,408 | $ | 44,998 | |||||
Investor Relations Contact: Bret Shapiro Managing Director CORE IR 561-479-8566 brets@coreir.com
