Socket mobile, inc. (SCKT)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities
Net income (loss)

-90,327

60,659

94,298

119,790

11,839

-162,613

-45,257

-138,242

-225,029

-2,720,562

414,100

489,924

385,807

10,412,786

669,050

516,938

548,314

958,390

529,775

401,067

-71,560

-20,393

431,120

92,814

-71,424

-417,936

-320,868

43,509

74,802

-688,085

-982,823

-755,400

-871,774

-374,555

-727,369

-392,177

-928,260

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation

132,065

127,883

133,008

137,035

121,965

126,132

130,698

118,843

112,133

111,713

112,151

107,389

95,697

98,558

93,230

85,603

65,219

57,940

55,469

49,887

46,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48,576

63,548

52,246

47,730

50,682

57,557

93,735

128,551

105,657

185,527

177,933

174,361

188,677

181,658

178,503

Depreciation and amortization

147,279

129,479

115,787

117,149

100,515

117,272

117,216

106,160

91,394

77,594

76,954

80,317

78,788

-

76,737

68,637

64,333

-

49,372

49,396

50,301

-

42,890

73,279

79,841

-

70,461

65,773

66,959

-

72,028

89,306

93,997

-

94,712

101,967

105,640

Amortization of debt discount to interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152,740

316,216

Non cash interest expense on convertible note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

215

4,029

Deferred tax expenses (benefits)

-

161,936

37,449

67,949

6,670

7,756

-17,581

-53,707

-79,927

-

-

-

239,552

-9,788,576

7,985

7,984

7,985

7,985

7,985

7,985

7,985

7,985

7,985

7,985

7,985

7,984

7,985

7,985

7,985

7,985

7,985

7,985

7,985

7,985

7,985

7,985

7,985

Changes in operating assets and liabilities:
Accounts receivable

22,515

225,203

-144,607

46,618

-597,043

164,495

-223,449

616,833

-237,731

726,572

-323,775

264,946

-488,191

-213,053

-208,517

-57,644

-28,780

-36,653

-375,815

-275,836

226,122

-178,802

486,017

-495,470

-280,856

345,614

696,370

-535,252

-425,228

-220,559

217,953

658,396

626,665

-176,852

-1,089,627

162,099

-873,600

Inventories

-115,811

-650,670

-132,905

100,292

-223,297

-379,115

319,727

66,308

-80,982

48,023

-12,141

-392,036

-304,673

-397,824

-260,370

631,525

-184,680

-353,968

-351,030

186,785

149,450

-91,289

-138,282

-31,909

409,241

-48,695

-24,227

-24,127

-66,972

252,993

571,594

141,030

-445,632

-173,624

-90,301

178,141

323,382

Prepaid expenses and other current assets

6,045

94,182

180,152

-218,850

-59,779

5,584

-16,197

12,035

76,255

60,438

61,047

-179,140

-68,389

-31,962

-29,076

-72,497

-38,373

460

1,610

4,936

31,145

18,975

92,548

-23,321

-88,662

1,996

-2,186

158,464

-148,487

25,402

-6,024

7,102

51,506

39,556

1,586

8,655

-74,306

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-7,275

5,833

-

12,333

24,688

23,367

Accounts payable and accrued expenses

-91,243

294,857

367,370

-257,717

146,882

329,372

-88,932

75,895

104,887

-81,906

-9,407

-353,308

353,237

6,062

-18,822

-733,708

113,227

12,577

-118,624

-335,421

-351,113

-229,838

-495,432

146,968

61,202

217,346

-353,766

-306,219

247,649

391,866

-398,509

-175,779

592,867

-747,021

528,082

-351,725

661,655

Accrued payroll and related expenses

-29,180

-68,108

-11,657

98,775

35,033

-16,458

14,817

-25,453

-91,598

-4,929

29,976

56,942

-83,921

70,802

1,624

5,138

-47,521

85,491

23,903

-29,861

-4,800

143,426

-194,871

50,614

-51,679

108,813

-89,129

26,074

56,823

-49,179

-81,100

17,224

26,159

-122,802

40,501

30,008

-16,873

Net deferred revenue on shipments to distributors

-10,026

12,459

25,631

70,035

37,131

-51,479

23,352

29,519

-57,648

-47,125

73,090

-4,402

40,323

37,058

-149,009

250,489

-80,156

-83,454

115,521

84,356

-90,718

-

-

146,096

-101,328

-82,667

64,449

339,438

-169,322

-139,297

-175,734

-473,614

71,260

400,941

378,564

196,253

-77,698

Customer deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-321,581

-318,859

-160,070

800,510

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred service revenue

-8,047

-6,131

-5,959

-2,767

23,533

5,872

-981

-5,634

4,695

-3,654

-8,329

5,931

-6,351

-14,300

-12,600

-11,933

-13,159

-27,068

-24,525

-21,966

-15,708

-

-

-5,560

-439

-18,045

-33,792

-30,026

-19,028

-21,415

-37,135

-6,251

18,565

-32,560

-5,927

-21,943

-46,231

Net change in operating lease

-14,060

48,856

-14,061

-9,549

-9,550

48,396

-9,551

-5,212

-5,213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred rent

-

-

-

-

-

-

-

-

-

-5,213

-5,213

-1,043

-1,043

-1,043

-1,043

2,966

2,967

2,967

2,967

6,822

6,822

5,732

7,911

10,529

10,530

10,529

10,529

14,094

14,093

2,096

2,094

-4,020

-4,023

-4,021

-4,022

-4,021

-1,943

Net cash used in operating activities

-50,790

366,369

644,506

268,760

-406,101

137,702

203,862

797,345

-388,764

895,001

778,869

461,597

240,836

248,193

174,189

366,917

90,517

528,214

717,118

123,150

-15,506

-142,023

70,507

97,073

26,657

217,176

138,645

-182,730

-266,991

-239,019

-704,014

-315,769

351,341

-974,303

-87,536

274,543

-398,134

Investing activities
Purchases of equipment

154,681

158,071

249,625

87,140

100,318

34,898

118,860

105,744

164,198

216,484

108,452

4,219

83,519

129,390

76,175

41,814

57,091

113,073

216,274

33,796

28,232

47,002

57,270

53,800

8,100

25,700

91,343

41,860

0

-458,861

18,178

99,439

106,388

-82,275

-54,539

-29,000

-11,488

Net cash used in investing activities

-154,681

-165,871

-249,625

-87,140

-100,318

-34,898

-118,860

-105,744

-164,198

-424,385

-108,452

-4,219

-83,519

-129,390

-76,175

-41,814

-57,091

-113,073

-216,274

-33,796

-28,232

-47,002

-57,270

-53,800

-8,100

-25,700

-91,343

-41,860

0

458,861

-18,178

-99,439

-106,388

82,275

54,539

29,000

11,488

Financing activities
Payments on finance leases

4,111

-

3,975

3,872

3,808

-

7,047

7,153

7,089

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

-

-

7,024

6,960

6,520

6,441

6,354

6,275

8,687

9,836

9,660

5,370

6,202

6,063

4,837

5,793

5,651

5,550

5,258

5,533

5,387

4,269

4,215

4,164

2,810

3,392

3,342

3,292

3,244

3,195

Proceeds from borrowings under bank line of credit agreement

3,980,000

4,385,000

4,284,000

4,645,000

4,109,000

-

-

-

-

-

-

-

-

0

0

0

350,000

1,648

107,615

14,675

14,515

14,837

-721,851

751,907

943,871

1,736,249

1,858,513

2,824,574

1,597,759

1,280,161

1,261,900

1,814,457

2,082,261

2,033,111

0

0

0

Repayments of borrowings under bank line of credit agreement

3,452,957

4,401,512

4,685,013

4,611,310

3,629,494

-

-

-

-

-

-

-

-

-

-

-

-

414,860

510,222

14,837

14,515

14,676

-723,096

751,903

892,787

1,819,222

2,157,106

2,555,026

1,532,940

1,124,223

1,504,567

1,771,767

2,337,136

923,511

0

0

0

Proceeds from bank term loan

-

-

-

-

-

0

0

0

4,000,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of bank term loan

-125,000

-125,000

-125,000

-125,000

-125,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loan advance

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchases and related expenses

8,496

-

-

-

-

0

0

2,082

5,019,748

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock options exercised

-

-

-

-

-

0

0

4,032

275,145

48,893

69,155

61,208

152,463

60,444

459

59,691

57,918

83,816

38,979

4,002

29,152

11,772

28,406

6,993

0

-

-

-

-

0

0

0

14,015

0

15,621

14,118

0

Warrants exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

158,145

0

0

0

131,250

125,000

0

12,500

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of short term note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100,000

50,000

0

550,000

-

-

-

0

-

-

-

-

Repayment of short term note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,000

0

95,289

268,551

36,160

0

0

-

-

-

-

Repayments of related party and short term credit line notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

500,000

0

100,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reduction (increase) in restricted cash requirement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-710,797

Net cash provided by financing activities

389,436

-122,753

-529,474

-95,182

350,698

-342,043

-57,086

-1,470,141

-751,692

41,869

62,195

54,688

146,022

54,090

-5,816

-298,996

56,227

-339,056

-468,998

-2,362

154,339

82,096

23,858

-11,154

45,534

12,985

-305,342

245,641

515,261

233,172

517,009

69,879

-244,252

1,106,258

34,187

10,874

707,602

Net increase (decrease) in cash and cash equivalents

183,965

77,745

-134,593

86,438

-155,721

-239,239

27,916

-778,540

-1,304,654

512,485

732,612

512,066

303,339

172,893

92,198

26,107

89,653

76,085

31,846

86,992

110,601

-106,929

37,095

32,119

64,091

204,461

-258,040

21,051

248,270

-16,698

-205,183

-345,329

701

49,680

-107,888

256,417

297,980

Supplemental disclosure of cash flow information
Cash paid for interest

19,650

18,988

26,532

29,197

25,331

18,328

30,005

56,396

353

420

482

889

968

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,879

8,859

27,637

33,987

38,407

43,036

42,948

47,751

87,734

102,329

119,037

104,057

95,565

68,433

94,807

68,649

26,312

35,007

13,901

19,563

20,429

12,143

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cashless exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

35

0

-20

0

20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock in exchange for forgiveness of accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

499,998

Beneficial conversion feature associated with senior convertible note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

273,904

Conversion of senior convertible note and accrued interest to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

787,488

25,215

204,029