Tel instrument electronics corp (TIK)
CashFlow / Quarterly
Dec'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'11Dec'10Sep'10Jun'10
Net income (loss)

907,577

536,234

257,776

501,068

639,453

-191,410

-746,073

-782,195

-333,436

-2,920,589

-286,091

-5,583,316

141,513

272,055

410,309

299,035

226,586

199,466

279,066

372,704

-20,944

-248,195

-384,005

565,707

-145,933

-72,474

-85,772

-1,128,889

-545,177

-429,705

-668,800

-48,936

97,431

103,316

-80,795

207,342

29,012

-87,994

-275,412

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

2,326,124

40,005

109,760

167,744

185,529

226,951

170,687

215,178

131,939

28,819

-126,948

-113,182

372,842

58,022

10,350

-17,869

-627,677

-303,788

-452,181

-163,845

90,647

-22,648

2,203

282,017

-42,925

105,385

-58,348

-185,940

Depreciation and amortization

33,228

22,050

19,075

8,339

14,769

21,120

16,726

16,839

15,109

16,590

21,522

24,951

23,819

36,380

35,010

42,375

40,027

39,959

42,413

42,454

45,047

44,728

45,062

49,118

49,453

51,014

53,351

67,929

53,515

53,394

53,231

51,291

59,272

1,143

56,961

46,626

25,846

67,137

42,310

Provision for inventory obsolescence

30,000

17,000

10,000

23,000

10,000

35,000

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for inventory obsolescence

-

-

-

-

-

-

-

-

25,000

20,000

5,000

-

5,000

0

15,000

-

5,000

25,000

5,713

-

0

0

5,000

-

-

-

0

-

-

-

-

20,001

261,971

-270,000

10,000

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

14,373

30,061

30,874

28,937

27,120

25,600

22,987

47,414

37,948

31,009

13,392

13,393

13,386

13,396

13,395

19,159

19,164

8,745

5,769

Amortization of deferred financing costs

-

-

-

-

-

-

-

0

649

1,357

1,357

1,357

1,359

1,357

1,356

1,357

1,357

1,358

1,357

1,357

13,648

27,080

27,080

26,334

27,827

27,080

27,080

67,488

68,383

56,711

27,080

-

-

-

-

-

-

-

-

Change in fair value of common stock warrants

0

5,500

-78,500

-20,500

-23,000

0

0

0

5,000

-5,000

95,000

33,000

37,000

34,000

217,203

80,338

-246,751

-518,588

67,760

-95,903

37,330

27,801

-133,881

157,630

-229,726

-67,345

24,572

26,018

19,710

-337

249,394

-55,891

130,433

104,891

-168,586

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-26,600

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from life insurance policy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-300,029

-

-

-

-

Gain on sale of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,200

0

-7,200

3,600

Increase in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-2,011

-

-

-

-

Non-cash stock-based compensation

5,276

5,276

5,841

5,419

5,420

5,422

7,755

7,093

7,365

7,636

8,179

8,178

8,178

8,179

8,179

8,731

8,503

8,577

6,466

3,275

8,829

8,841

12,063

36,223

16,358

15,803

16,358

18,633

16,607

24,000

22,277

20,755

21,830

22,263

24,231

26,734

26,743

25,363

23,665

Changes in assets and liabilities:
Increase in accounts receivable

1,510,845

-274,078

-620,127

-75,411

1,501,957

96,669

-422,165

-565,708

593,480

-154,179

-334,926

498,451

-803,325

-404,710

811,605

408,424

167,786

-996,129

231,814

1,008,445

71,615

-302,088

-1,250,928

975,727

-238,745

398,606

412,173

-111,567

-207,571

321,041

-1,155,190

-75,181

313,254

-259,381

-870,875

2,318,316

417,392

-996,123

-96,358

Decrease in unbilled government receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,051,657

-710,597

-5,954

-12,173

-

-

-

-

-

-

-

-

(Increase) decrease in inventories

25,131

-7,226

175,342

-143,873

-657,888

-298,724

-164,046

610

-122,053

311,047

-37,849

-245,708

803,099

-372,496

-615,748

-104,332

127,301

187,231

497,471

-532,004

39,098

-24,271

534,136

-479,209

-202,440

-765,203

-763,938

-562,850

239,194

-537,159

2,078,021

1,258,005

1,402,124

-144,674

-439,886

1,849,893

82,795

-1,289,234

119,697

(Increase) in prepaid expenses & other assets

66,409

21,873

-1,286

34,840

109,555

-31,271

14,360

40,296

32,417

642

-109,224

33,800

71,563

-678,569

635,780

-124,886

-125,151

49,040

47,718

-182,659

-101,622

-30,290

316,628

110,461

-3,067

59,954

-28,810

21,978

-7,640

-33,073

-85,668

115,515

15,934

47,069

3,569

-39,203

9,943

1,987

2,789

Increase in restricted cash for appeal bond

-

-

652

-

-

-

998

866

2,000,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,798

9,784

32,316

-

2,754

-11,976

20,278

Decrease in accounts payable and accrued liabilities

236,215

170,883

-572,448

-465,908

-558,487

-221,343

-3,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271,859

617,844

-438,569

970,865

375,706

2,037,485

-293,019

-868,419

-287,278

-48,106

800,992

-12,501

(Decrease) increase in accounts payable and other accrued expenses

-

-

-

-

-

-

-

-

74,197

481,989

-197,378

-

378,693

-342,608

-335,444

-

-683,104

-881,082

325,746

-

125,897

299,986

-2,593

-

-

-

-1,301,001

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) in federal and state taxes payable

-

-

-

-

-

-

-

-

-

-

-

4,105

0

0

-53,623

53,623

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in accrued payroll, vacation pay and payroll taxes

21,670

44,964

26,957

78,721

-48,013

-16,758

-67,517

51,656

-20,809

-84,014

-26,383

-85,104

32,939

-181,113

-75,898

27,456

119,229

13,616

82,174

66,886

35,275

18,779

28,936

49,806

18,574

-56,046

-10,618

73,067

-107,393

-7,737

44,469

29,251

-8,244

-25,248

-1,381

-20,292

-100,282

80,254

65,486

Increase (decrease) in deferred revenues

-120,883

190,916

115,489

-4,583

-274,316

43,418

199,545

-10,224

-4,322

-28,495

-35,925

-83,568

-66,281

-76,204

481,277

63,809

10,109

5,734

-10,442

-62,779

45,347

31,815

-33,226

44,597

102,365

11,974

-7,339

-6,774

4,896

-7,852

-10,169

13,077

-6,373

2,213

-13,276

-3,805

-4,256

-4,034

-22,378

Decrease in accrued expenses  related party and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21,927

-890,232

-177,775

540,561

877,902

-703,360

448,982

164,353

-

-268,327

454,364

-133,095

Decrease in progress billings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,575

0

-63,000

858,050

0

-405,551

405,551

0

0

0

0

-424,202

424,202

-515,502

-4,604

450,694

Decrease in operating lease liabilities

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,500

-6,300

-6,300

-6,300

-6,300

-6,300

-12,600

-6,300

-2,100

-2,100

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accrued legal damages

87,655

87,656

83,450

95,438

72,003

72,002

12,652

129,467

30,523

2,100,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-401,647

1,329,562

470,059

605,352

-1,069,795

-18,225

170

61,692

-2,714,568

-562,141

-122,720

-916,002

456,888

1,248,081

-401,230

484,945

26,378

855,461

96,608

-72,564

96,332

229,576

147,954

158,163

261,076

75,570

-62,170

374,753

-764,603

-661,195

-245,323

-49,737

-79,817

301,720

308,329

-329,217

-39,322

-935,173

-91,408

Cash flows from investing activities:
Proceeds from the sale of capital asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,600

Purchases of equipment

38,805

40,029

23,507

121,790

0

0

0

0

35,994

31,896

21,506

50,999

6,767

4,996

25,307

16,265

9,269

29,899

5,873

2,680

2,030

5,366

1,145

54,256

369

11,226

0

48,341

15,508

44,660

648

-

-

-

-

44,025

12,180

7,089

86,801

Net cash used in investing activities

-38,805

-40,029

-23,507

-121,790

0

0

0

0

-35,994

-31,896

-21,506

-50,999

-6,767

-4,996

-25,307

-16,265

-9,269

-29,899

-5,873

-2,680

-2,030

-5,366

-1,145

-54,256

-369

-11,226

0

-48,341

-15,508

-44,660

-648

-

-

-

-

-44,025

-12,180

-7,089

-83,201

Proceeds from note payable  related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

0

0

0

0

0

534

1,590

1,572

74,106

108,984

107,329

105,806

117,056

103,710

102,128

100,691

99,189

97,078

94,670

93,585

1,180,203

163,120

156,069

101,819

194,495

93,210

136,540

132,501

0

42,870

85,059

-

-

-

-

-

-

-

-

Proceeds from line of credit

-

-

-

-

-

-

-

-

0

600,000

200,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

250,000

150,000

Repayment of line of credit

20,000

20,000

50,000

20,000

20,000

110,000

50,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,660

0

5,495

98,935

102,882

1,285

15,074

5,390

65,705

5,390

3,850

6,075

Repayment of subordinated notes - related parties

-

-

-

-

-

-

-

-

-

-

-

0

0

0

25,000

20,000

80,000

125,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of finance lease obligations

1,267

3,081

602

1,778

1,739

1,698

1,660

1,622

1,584

1,548

1,514

1,474

1,445

1,411

6,398

4,409

4,260

4,114

3,974

3,840

8,967

20,402

20,400

-

-

-

-

-

17,365

15,836

14,426

4,119

25,610

7,353

8,332

-

-

-

-

Proceeds from life insurance policy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-26,702

-285,981

-

-

-

-

Net cash (used in) provided by financing activities

-137,767

-23,081

-50,602

-61,754

953,393

43,943

-53,250

-17,863

2,884,310

489,468

91,157

92,720

-118,501

-825,121

-133,526

-125,100

-183,449

-208,192

-98,644

-70,815

-5,457

-183,522

-176,469

-88,136

-190,111

-112,543

-54,177

-114,909

682,635

735,451

-550

-25,542

-143,413

-4,982

283,039

57,111

3,282

1,276,054

156,075

Taxes paid

0

0

0

0

0

0

0

-5,000

0

5,000

0

-37,374

37,374

0

50,000

0

0

0

0

0

0

0

20,500

1,340

0

0

0

0

0

0

0

1,542

0

0

0

-

0

0

0

Interest paid

6,915

7,418

20,747

41,008

13,197

9,724

18,554

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

395,950

-

-

-

-53,080

43,829

133,748

-104,569

-53,069

-874,281

331,620

417,964

-560,063

343,580

-166,340

617,370

-7,909

-146,059

88,845

40,688

-29,660

15,771

70,596

-48,199

-116,347

211,503

-97,476

29,596

-246,521

-226,975

-292,119

216,966

591,368

-316,131

-48,220

333,792

-18,534

Interest paid

-

-

-

-

-

-

-

-

-

-

28,524

120,590

75,126

11,138

21,504

11,307

14,959

15,680

17,154

24,860

26,591

61,033

53,556

33,943

83,709

91,283

101,554

106,775

79,510

98,094

83,809

90,117

95,249

86,690

87,192

86,689

87,187

39,952

9,269

Capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,637

-

-

-

-

-

-

-

-

-

-

-

-

Warrants issued in conjunction with long-term debt

-

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-

-

-

-

-

-

-

-

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-

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-

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-

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-

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66,193

0

0

0

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-

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Converted accounts payable to equity

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-

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-

-

-

-

-

-

-

-

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-

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0

0

0

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-

-

-

-

-

-

-