Peck co holdings, inc. (JSYN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash flows from operating activities
Net (loss) income

-432,632

270,114

76,155

-1,150,716

376,652

-233,003

501,182

1,072,281

-284,488

-260,480

-109,775

-79,053

-134,969

-143,511

-51,426

-95,194

-144,097

-49,485

-10,878

-38,887

-31,076

Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation

155,012

155,011

155,169

160,570

150,483

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred finance charge amortization

1,535

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax benefit

-143,061

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income on cash and investments held in trust account

-

-

-

-

-

-

-

-

-85,370

-62,807

-92,082

-59,148

-2,620

-20,480

-33,813

-43,560

-10,569

0

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

-166,925

205,845

2,776,855

1,741,270

585,222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-62,278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses paid by related parties via transfer of common stock

-

-

-

-

-

-

-

-

-

-

-

-

11,733

-

-

-

0

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

62,871

46,131

0

0

0

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,192

-10,194

-22,322

15,444

-27,622

5,634

5,088

273

Costs and estimated earnings in excess of billings

197,704

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-1,778,242

693,535

1,083,570

865,395

136,232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

18,914

-169,791

159,372

-104,805

-2,025

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings on uncompleted contracts

161,425

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation

-7,750

-6,840

-6,789

0

-13,376

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in prepaid insurance and other

-

-

-

-

-

-

-

-

47,093

-15,533

-23,196

-23,196

39,271

-

-

-

-

-

-

-

-

Changes in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

213,969

107,465

104,935

-12,208

101,081

20,159

-19,822

62,584

43,923

10

-12,123

2,147

5,143

Net cash (used in) provided by operating activities

-1,993,300

1,459,675

-3,255,368

-397,745

62,744

1,038,405

-244,038

980,236

-140,111

-154,158

-65,904

-115,480

-64,046

-97,040

-94,867

-53,848

-126,187

-

-

-

-

Cash flows from investing activities:
Purchase of solar arrays and equipment

-

369

5,904

14,541

18,798

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in captive insurance

57,230

-11

1,848

0

58,215

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,206

Investment in restricted cash and investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-40,341,623

40,450,045

0

40,365,000

0

0

0

0

Distribution from trust account for franchise taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

Interest income on cash and investments held in trust account

-

-

-

-

-

-

-

-

-85,370

-62,807

-92,082

-59,148

-2,620

-20,926

-87,474

0

-22

0

0

0

0

Net cash used in investing activities

-57,230

138,019

-50,741

-14,541

-77,013

22,572

-252,039

-2,713,712

85,370

62,807

92,082

59,148

2,620

0

-22

0

-40,364,978

-

-

-

-

Cash flows from financing activities:
Net borrowings on line of credit

2,437,650

-

-

-

317,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of long-term debt

135,099

-

-

-

124,428

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from note payable - stockholders and affiliates

-

-

-

-

-

-

-

-

320,000

383,000

245,000

71,100

110,000

85,000

78,000

85,000

180,000

108,000

40,000

53,289

45,031

Payments for share redemption

-

-

-

-

-

-

-

-

19,222,866

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of units in IPO, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

37,687,975

0

0

0

0

Proceeds from private placement of units, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,620,000

0

0

0

0

Deferred finance charges

-

-

-

-

-

-

-

-

4,000

26,000

0

0

0

-

-

-

-

-

-

-

-

Payments to stockholders

-291,403

-

-

-

-112,968

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholder distributions paid

-

0

0

29,401

190,199

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on short-term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

6,819

10,115

13,276

3,710

1,906

3,790

5,625

5,554

Proceeds from sale of common stock to initial stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

29

Net cash provided by (used in) financing activities

2,011,148

-1,530,464

3,308,835

249,339

-110,027

-966,114

576,351

20,072,382

-18,906,866

346,787

234,931

61,172

110,000

78,181

67,885

71,724

40,484,265

-

-

-

-

Net decrease in cash

-39,382

67,230

2,726

-162,947

-124,296

94,863

80,274

18,338,906

-18,961,607

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Company's public offering recorded as common shares subject to possible redemption

-

-

-

-

-

-

-

-

-285,488

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Company's public offering recorded as common shares subject to possible redemption

-

-

-

-

-

-

-

-

-

-

-

-67,326

-123,237

-

-

-

-

-

-

-

-

Refinancing of prepaid insurance loan

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-13,283

0

0

0

0

Loan for prepaid insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Offering costs included in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

52,653

4,992

-10,610

14,812

57,216

Cost for underwriter option included as reduction in accounts payable due to underwriter

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100

0

0

0

0

Proceeds from the Company's public offering recorded as common shares subject to possible redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

106,916

51,430

95,188

-33,920,386

0

0

0

0

Deferred underwriter commission

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-780,000

780,000

-

-

-

-

Loan for prepaid insurance

-

-

-

-

-

-

-

-

-

0

0

0

30,210

0

0

0

47,203

0

0

0

16,875

Accrued interest income on investment in restricted investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

446

0

0

-

-

-

-

Interest

79,231

85,851

54,671

58,887

44,659

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

366

0

5,609

0

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

48,574

-18,859

-27,004

17,876

-6,900

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,506

Increase (decrease) in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,300

Supplemental schedule of non-cash investing and financing activities:
Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

217

-

-

-

192