DYNATRONICS CORP DYNT Cash Flow

Dynatronics corp (DYNT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
Cash flows from operating activities:
Net loss
-1,091,202	-137,663	98,838	-	-563,387	-440,830	315,601	-	-1,277,432	14,348	198,647	-	-754,732	-95,319	-285,633	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,145,331	-450,687	-124,681	-181,562	-1,949,705	-208,013	-133,542	40,923	-45,701	-161,752	44,095	-107,784	-73,089	-61,121	140,984	-51,145	115,954	-117,563	46,333	-68,259	68,776	117,261	67,839	17,012
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization of property and equipment
268,197	248,110	246,890	-1,537,302	232,000	219,314	198,975	-972,539	114,963	116,188	67,822	-404,503	55,863	159,364	-53,266	-61,491	-57,527	-55,809	-55,103	-25,944	-149,697	-85,482	-89,836	-109,842	-108,883	-107,867	-106,422	-109,700	-108,573	-107,926	-109,167	-103,606	-500,812	100,903	99,141	99,906	96,084	90,895	83,841
Amortization of intangible assets
181,096	181,096	181,095	-1,267,676	181,100	181,306	180,886	-1,095,625	203,175	182,807	71,283	-118,015	7,670	23,010	-7,670	-4,768	-10,572	-7,670	-7,670	-11,159	-11,160	-11,149	-11,169	-	-	-	-	-	-	-	-	-	-55,797	11,159	11,160	20,801	20,802	20,802	20,801
Amortization of other assets
6,943	8,846	11,218	8,416	11,145	8,885	12,189	18,135	15,752	-45,564	86,245	32,451	32,254	47,226	12,843	12,843	-19,643	45,329	12,843	12,843	12,843	12,843	12,843	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of capital lease assets
-	-	-	-	-	-	-	-	62,983	62,984	62,983	62,984	62,983	62,984	62,983	62,984	62,984	62,983	62,983	125,967	0	62,983	41,989	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of property and equipment
-	-	-	-	-	-	-	27,440	-1,805	0	-5,197	3,498	0	-541	-18,711	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38,375	-68,001	-6,141	-35,384	-47,658	-31,363	-28,154	-11,160	-	-	-	-	-	-	-	-
Stock-based compensation
45,343	58,238	129,793	115,343	85,566	56,082	43,658	43,011	94,674	45,287	71,786	248,127	68,809	38,757	64,232	122,814	51,453	14,611	15,011	16,196	16,265	16,457	17,454	124,140	-17,622	-17,728	-17,919	155,012	-20,326	-23,235	-24,812	-24,707	-83,721	16,068	16,261	19,002	13,019	12,533	11,544
Change in deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,650	-1,970,423	136,542	92,583	892,607	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in deferred income tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93,094	-29,489	60,725	-	32,299	-59,160	22,464	27,005	151,525	25,845	-37,669	17,622	77,577	41,718	72,408
Change in allowance for doubtful accounts receivable
-13,962	0	0	0	102,000	166,317	12,483	18,472	-5,417	-2,140	9,118	77,367	-22,577	-23,928	-24,145	-22,164	79,981	-23,791	-5,632	-24,546	-19,543	-24,000	-24,000	-24,000	-24,000	-24,000	-24,000	-45,000	-45,000	-45,000	-45,000	-27,000	-135,000	27,000	27,000	27,000	27,000	27,000	27,000
Change in allowance for inventory obsolescence
9,162	11,792	1,740	261,568	23,121	4,101	31,046	106,876	-112,789	-61,566	11,827	20,049	35,723	-32,007	-10,744	-	-	-	-	-	-	-	-	-30,000	-30,000	-30,000	-30,000	-116,460	-30,000	-30,000	-30,000	-30,000	-150,000	30,000	30,000	30,000	0	30,000	30,000
Amortization deferred gain on sale/leaseback
37,612	37,612	37,611	-263,284	37,612	37,612	37,612	-263,284	37,612	37,612	37,612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization deferred gain on sale/leaseback
37,612	37,612	37,611	-263,284	37,612	37,612	37,612	-263,284	37,612	37,612	37,612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of earn-out liability
0	0	0	0	0	0	375,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in provision for inventory obsolescence
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,638	1,782	39,019	-2,209	-30,000	-30,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred gain on sale/leaseback
-	-	-	-	-	-	-	-	-	-	-	-	-37,612	-37,612	-37,612	-37,612	-37,612	-37,612	-37,612	-37,612	-37,612	-37,612	-25,074	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Trade accounts receivable and other receivables
341,806	315,458	191,301	-638,802	176,000	1,822,886	-713,704	-616,928	291,292	686,357	-652,811	-590,475	447,019	12,904	49,231	-211,212	-241,015	133,048	166,414	-516,675	86,536	185,639	-20,117	-284,425	77,963	233,213	-29,832	328,066	80,021	-102,986	-80,206	81,380	-264,320	-145,890	228,318	-184,534	27,719	-61,963	206,900
Inventories
70,243	-242,194	399,279	-47,018	-760,310	92,712	255,680	1,508,408	-896,877	-375,286	255,111	523,124	-162,969	-331,395	-298,737	332,212	88,137	-10,931	-42,098	763,349	-167,667	10,916	106,273	49,418	301,126	-343,075	122,236	-336,452	-124,854	-32,116	-21,994	-11,324	-805,068	74,236	171,374	128,312	-232,864	93,703	-18,136
Prepaid expenses
-22,434	-98,744	-10,900	74,523	-175,560	335,003	-87,373	-57,786	173,065	-208,239	-88,905	-145,946	209,738	-135,665	-38,351	-30,298	104,688	27,803	-85,299	499,369	-132,938	-213,559	-418,840	414,246	-10,574	-104,296	-83,052	-242,768	114,912	-145,655	-8,344	-168,873	-60,461	60,870	19,857	-82,284	79,658	-19,290	5,257
Other assets
-108,756	-4,457	-4,268	-8,911	-3,209	-25	-12,458	-28,386	-5,762	142,218	-152,637	98,084	-186,771	-25,121	6,322	-31,071	37,932	-22,366	7,314	48,326	736	5,801	-333,121	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable
4,950	3,750	-18,100	76,734	36,286	1,016	-1,784	-102,495	-2,660	-2,388	1,152	9,510	-5,033	-79	1,145	-266,931	272,626	-6,400	3,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-55,936
Change in Prepaid income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	907,570	0	0	0	20,248	0	-4,156	0	27,771	0	58,133	-23,348	-7,014	-	-	-	-
Accounts payable and accrued expenses
49,529	-640,562	-806,846	455,274	-1,334,093	1,267,702	-385,821	-199,860	424,220	-573,213	-601,901	301,902	429,125	-304,444	-379,875	-991,585	94,215	61,321	550,672	-122,028	-275,702	352,840	-34,132	-142,381	492,277	-194,267	171,668	-686,006	324,658	-47,487	109,650	-153,744	-340,268	71,015	157,924	341,340	424,730	-474,154	156,081
Net cash provided by operating activities
-367,277	923,598	1,992,641	-1,226,288	424,235	1,006,379	121,350	657,218	-1,572,258	1,218,019	458,823	-773,708	-705,052	-42,980	-6,588	136,775	-222,668	119,021	-568,105	168,779	-113,777	-746,940	-373,570	494,047	-130,102	239,429	-96,852	607,696	-117,238	198,541	-45,893	340,348	-490,014	362,455	-176,977	677,560	265,814	496,265	168,730
Cash flows from investing activities:
Purchase of property and equipment
65,886	117,762	65,969	99,307	72,341	26,398	26,065	111,871	46,546	59,715	24,779	-46,305	127,363	10,932	25,886	151,794	23,614	7,888	12,650	17,190	29,491	2,101	17,551	61,305	70,153	20,800	24,700	19,434	22,067	33,335	25,602	-	-	-	-107,812	-803,795	71,760	109,520	88,514
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	0	1,805	-550	10,905	0	0	0	32,000	-	-	-	-	0	0	0	3,800,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-65,886	-117,762	-65,969	-99,307	-72,341	-26,398	-26,065	-111,871	-44,741	-9,123,282	-13,874	-9,069,784	-127,363	-10,932	6,114	-151,794	-23,614	-7,888	-12,650	-17,190	-29,491	-2,101	3,782,449	-61,305	-70,153	-20,800	-24,700	-19,434	-21,722	-33,335	-25,602	145,490	-258,185	-108,200	-107,812	-261,707	-71,760	-109,520	-88,514
Cash flows from financing activities:
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	20,155	0	25,186	-	-	-	-
Principal payments on long-term debt
43,123	42,614	46,617	41,967	38,986	43,004	40,045	39,423	38,812	32,543	35,485	110,107	-41,678	32,265	51,974	33,007	32,500	30,231	29,900	38,545	30,008	35,740	680,112	80,752	81,930	80,902	80,049	78,998	77,331	165,191	96,866	95,263	93,083	92,028	90,965	88,207	99,546	97,035	95,273
Principal payments on finance lease liability
75,569	73,581	72,198	71,129	67,326	55,949	58,334	50,610	48,787	48,112	47,446	46,789	46,140	45,502	44,871	44,251	43,636	43,034	42,437	41,849	41,269	44,075	34,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of acquisition holdbacks
0	375,000	125,000	-	0	912,845	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in line of credit
1,549,453	-257,800	-1,463,733	1,747,134	-354,851	118,644	-1,256,325	-256,653	-200,289	-360,447	4,931,491	-	-	-	-	0	-733,316	15,497	-1,192,100	30,842	356,386	350,620	-2,349,138	-151,584	-3,799	59,991	120,211	-377,895	81,416	119,535	175,737	-	-	-	608,034	-80,726	262,758	-286,886	-79,701
Purchase and retirement of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	0	0	301,408	118,167	300,886	0	100,000
Net cash used in financing activities
1,430,761	-748,995	-1,707,548	1,167,370	-461,163	-893,154	-1,354,704	-346,686	-537,888	6,009,391	4,848,560	6,745,503	2,519,370	850,787	-96,845	-97,204	-809,452	-57,768	-1,264,437	3,432,944	285,109	270,805	-3,063,850	-232,336	-85,729	-20,911	40,162	-456,893	-95,548	-45,656	78,871	-426,111	712,275	-340,757	240,847	-279,151	-137,674	-383,921	-274,974
Net change in cash and cash equivalents and restricted cash
-	-	219,124	-	-	-	-1,259,419	198,661	-2,154,887	-1,895,872	5,293,509	-3,097,989	1,686,955	796,875	-97,319	-112,223	-1,055,734	53,365	-1,845,192	3,584,533	141,841	-478,236	345,029	200,406	-285,984	197,718	-81,390	131,369	-234,508	119,550	7,376	59,727	-35,924	-86,502	-43,942	136,702	56,380	2,824	-194,758
Supplemental disclosure of cash flow information:
Cash paid for interest
106,333	114,838	141,424	123,595	126,788	131,440	133,811	128,018	111,544	94,592	78,301	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,702	60,099	108,211	41,060	98,274	108,980	129,865	28,400	57,069	58,002	57,950	56,160	60,459	65,110	63,414	64,957	66,313	71,055	63,929	65,567	62,940	73,083	70,267	76,060	79,531
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	356,151	0	-	-	-	-	-	-	-	-	0	2,000	-6,996	7,096	-39,417	39,417	2,000	10,100
Supplemental disclosure of non-cash investing and financing activity:
Capital lease - building
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,800,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends paid or to be paid in common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	98,916	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividend, in common stock, issued or to be issued
-906,662	202,249	166,904	-	-976,050	203,268	186,637	-	190,523	200,594	187,061	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory reclassified to demonstration equipment
0	0	0	0	0	0	239,106	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease obligations incurred to obtain ROU assets
9,423	0	3,086	-	252,493	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease obligations incurred to obtain ROU assets
0	0	3,749,809	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
8% Preferred stock dividend paid in common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80,500	80,500	80,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued severance paid in common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,388	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-