Sigma Labs Reports Second Quarter 2018 Financial Results

Condensed Statements of Cash Flows
(Unaudited)


	Six Months Ended
	June 30, 2018			June 30, 2017
OPERATING ACTIVITIES
Net Loss	$	(2,559,680	)	$	(1,815,373	)
Adjustments to reconcile Net Loss to Net Cash used in operating activities:
Noncash Expenses:
Depreciation and Amortization		95,574			91,651
Stock Based Compensation		594,915			307,445
Loss on Write-off of Asset		36,733			-
(Gain) on Change in Derivative Balance		-			(93,206	)
Original Issue Discount Amortization		-			49,589
Debt Discount Amortization		-			56,441
Change in assets and liabilities:
Accounts Receivable		41,028			52,769
Interest Receivable		38,139			-
Inventory		47,100			(40,586	)
Prepaid Assets		(9,613	)		(1,120	)
Accounts Payable		187,495			25,430
Deferred Revenue		34,026			35,680
Accrued Expenses		21,764			40,220
NET CASH USED IN OPERATING ACTIVITIES		(1,472,519	)		(1,291,060	)

INVESTING ACTIVITIES
Purchase of Property and Equipment		(41,968	)		(11,380	)
Purchase of Intangible Assets		(60,147	)		(22,054	)
Advance of Funds for Note Receivable		-			(762,034	)
Proceeds from Note Receivable		632,197			-
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		530,082			(795,468	)

FINANCING ACTIVITIES
Proceeds from issuance of Series B Convertible Preferred & Warrants		1,000,000			-
Proceeds from issuance of Series C Convertible Preferred & Warrants		350,000			-
Gross Proceeds from issuance of Common Stock and Warrants		2,040,100			5,823,300
Offering Costs Paid		(443,700	)		(750,664	)
NET CASH PROVIDED BY FINANCING ACTIVITIES		2,946,400			5,072,636

NET CHANGE IN CASH FOR PERIOD		2,003,963			2,986,108

CASH AT BEGINNING OF PERIOD		1,515,674			398,391

CASH AT END OF PERIOD	$	3,519,637		$	3,384,499

Supplemental Disclosures:
Noncash investing & financing activities disclosure:
Conversion of Convertible Debt for Stock	$	(50,000	)	$	-
Other noncash operating activities disclosure:
Issuance of Common Stock for services	$	252,264		$	51,408
Disclosure of cash paid for:
Interest	$	8,761		$	50,418
Income Taxes	$	-		$	-

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