Tel instrument electronics corp (TIK)
CashFlow / TTM
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)

2,202,655

1,934,531

1,206,887

203,038

-1,080,225

-2,053,114

-4,782,293

-4,322,311

-9,123,432

-8,648,483

-5,455,839

-4,759,439

1,122,912

1,207,985

1,135,396

1,004,153

1,077,822

830,292

382,631

-280,440

-87,437

-212,426

-36,705

261,528

-1,433,068

-1,832,312

-2,189,543

-2,772,571

-1,692,618

-1,050,010

-516,989

71,016

327,294

258,875

67,565

-127,052

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

2,643,633

503,038

689,984

750,911

798,345

744,755

546,623

248,988

-79,372

161,531

190,734

328,032

423,345

-577,174

-938,984

-1,401,515

-1,547,491

-829,167

-548,027

-93,643

352,219

218,647

346,680

286,129

-181,828

0

0

0

Depreciation and amortization

82,692

64,233

63,303

60,954

69,454

69,794

65,264

70,060

78,172

86,882

106,672

120,160

137,584

153,792

157,371

164,774

164,853

169,873

174,642

177,291

183,955

188,361

194,647

202,936

221,747

225,809

228,189

228,069

211,431

217,188

164,937

168,667

164,002

130,576

196,570

181,919

0

0

0

Provision for inventory obsolescence

80,000

60,000

78,000

78,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for inventory obsolescence

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

0

-

-

-

-

21,972

0

0

0

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,434

75,308

104,245

116,992

112,531

104,644

123,121

133,949

139,358

129,763

95,742

71,180

53,567

53,570

59,336

65,114

60,463

52,837

0

0

0

Amortization of deferred financing costs

-

-

-

-

-

-

-

3,363

4,720

5,430

5,430

5,429

5,429

5,427

5,428

5,429

5,429

17,720

43,442

69,165

94,142

108,321

108,321

108,321

149,475

190,031

219,662

219,662

0

0

0

-

-

-

-

-

-

-

-

Change in fair value of common stock warrants

-93,500

-116,500

-122,000

-43,500

-23,000

5,000

0

95,000

128,000

160,000

199,000

321,203

368,541

84,790

-467,798

-617,241

-793,482

-509,401

36,988

-164,653

88,880

-178,176

-273,322

-114,869

-246,481

2,955

69,963

294,785

212,876

323,599

428,827

10,847

0

0

0

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,600

-26,600

-26,600

-26,600

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from life insurance policy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-300,029

0

0

0

-

-

-

-

Gain on sale of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,600

0

0

0

Increase in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,011

0

0

0

-

-

-

-

Non-cash stock-based compensation

21,812

21,956

22,102

24,016

25,690

27,635

29,849

30,273

31,358

32,171

32,714

32,714

33,267

33,592

33,990

32,277

26,821

27,147

27,411

33,008

65,956

73,485

80,447

84,742

67,152

67,401

75,598

81,517

83,639

88,862

87,125

89,079

95,058

99,971

103,071

102,505

0

0

0

Changes in assets and liabilities:
Increase in accounts receivable

541,229

532,341

903,088

1,101,050

610,753

-297,724

-548,572

-461,333

602,826

-793,979

-1,044,510

102,021

11,994

983,105

391,686

-188,105

411,916

315,745

1,009,786

-472,956

-505,674

-816,034

-115,340

1,547,761

460,467

491,641

414,076

-1,153,287

-1,116,901

-596,076

-1,176,498

-892,183

1,501,314

1,605,452

868,710

1,643,227

0

0

0

Decrease in unbilled government receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,780,381

0

0

0

-

-

-

-

-

-

-

-

(Increase) decrease in inventories

49,374

-633,645

-925,143

-1,264,531

-1,120,048

-584,213

25,558

151,755

-94,563

830,589

147,046

-430,853

-289,477

-965,275

-405,548

707,671

279,999

191,796

-19,706

16,959

69,754

-171,784

-912,716

-2,210,790

-2,294,431

-1,852,797

-1,624,753

1,217,206

3,038,061

4,200,991

4,593,476

2,075,569

2,667,457

1,348,128

203,568

763,151

0

0

0

(Increase) in prepaid expenses & other assets

121,836

164,982

111,838

127,484

132,940

55,802

87,715

-35,869

-42,365

-3,219

-682,430

62,574

-96,112

-292,826

434,783

-153,279

-211,052

-187,523

-266,853

2,057

295,177

393,732

483,976

138,538

50,055

45,482

-47,545

-104,403

-10,866

12,708

92,850

182,087

27,369

21,378

-23,704

-24,484

0

0

0

Increase in restricted cash for appeal bond

-

-

3,659

-

-

-

2,001,864

2,000,866

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Decrease in accounts payable and accrued liabilities

-631,258

-1,425,960

-1,818,186

-1,249,509

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,421,999

1,525,846

2,945,487

3,091,037

1,251,753

588,769

-1,496,822

-402,811

453,107

0

0

0

(Decrease) increase in accounts payable and other accrued expenses

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) in federal and state taxes payable

-

-

-

-

-

-

-

-

-

-

-

-49,518

0

0

0

53,623

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

172,312

102,629

40,907

-53,567

-80,632

-53,428

-120,684

-79,550

-216,310

-162,562

-259,661

-309,176

-196,616

-110,326

84,403

242,475

281,905

197,951

203,114

149,876

132,796

116,095

41,270

1,716

24,977

-100,990

-52,681

2,406

-41,410

57,739

40,228

-5,622

-55,165

-147,203

-41,701

25,166

0

0

0

Increase (decrease) in deferred revenues

180,939

27,506

-119,992

-35,936

-41,577

228,417

156,504

-78,966

-152,310

-214,269

-261,978

255,224

402,601

478,991

560,929

69,210

-57,378

-22,140

3,941

-18,843

88,533

145,551

125,710

151,597

100,226

2,757

-17,069

-19,899

-48

-11,317

-1,252

-4,359

-21,241

-19,124

-25,371

-34,473

0

0

0

Decrease in accrued expenses  related party and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-549,373

350,456

537,328

1,164,085

787,877

0

0

0

-

0

0

0

Decrease in progress billings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

775,475

795,050

389,499

858,050

0

0

405,551

0

-424,202

0

-515,502

-520,106

354,790

0

0

0

Decrease in operating lease liabilities

-

-

-

-

-

-

-

-

-

-

-

-7,800

-14,100

-20,400

-25,200

-25,200

-31,500

-31,500

-27,300

-23,100

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accrued legal damages

354,199

338,547

322,893

252,095

286,124

244,644

2,272,642

2,259,990

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

2,003,326

1,335,178

-12,609

-482,498

-1,026,158

-2,670,931

-3,214,847

-3,337,737

-4,315,431

-1,143,975

666,247

387,737

1,788,684

1,358,174

965,554

1,463,392

905,883

975,837

349,952

401,298

632,025

796,769

642,763

432,639

649,229

-376,450

-1,113,215

-1,296,368

-1,720,858

-1,036,072

-73,157

480,495

201,015

241,510

-995,383

-1,395,120

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,600

0

0

0

Purchases of equipment

224,131

185,326

145,297

121,790

0

35,994

67,890

89,396

140,395

111,168

84,268

88,069

53,335

55,837

80,740

61,306

47,721

40,482

15,949

11,221

62,797

61,136

66,996

65,851

59,936

75,075

108,509

109,157

0

0

0

-

-

-

-

150,095

0

0

0

Net cash used in investing activities

-224,131

-185,326

-145,297

-121,790

0

-35,994

-67,890

-89,396

-140,395

-111,168

-84,268

-88,069

-53,335

-55,837

-80,740

-61,306

-47,721

-40,482

-15,949

-11,221

-62,797

-61,136

-66,996

-65,851

-59,936

-75,075

-108,509

-109,157

0

0

0

-

-

-

-

-146,495

0

0

0

Proceeds from note payable  related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

0

0

534

2,124

3,696

77,802

186,252

291,991

396,225

439,175

433,901

428,700

423,585

405,718

399,086

391,628

384,522

1,465,536

1,531,578

1,592,977

1,601,211

615,503

545,593

526,064

556,746

362,251

311,911

260,430

0

0

0

-

-

-

-

-

-

-

-

Proceeds from line of credit

-

-

-

-

-

-

-

-

800,000

800,000

200,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400,000

0

0

0

Repayment of line of credit

110,000

110,000

200,000

200,000

180,000

160,000

50,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138,090

207,312

208,597

218,176

124,631

87,454

91,559

80,335

81,020

0

0

0

Repayment of subordinated notes - related parties

-

-

-

-

-

-

-

-

-

-

-

25,000

45,000

125,000

250,000

225,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of finance lease obligations

6,728

7,200

5,817

6,875

6,719

6,564

6,414

6,268

6,120

5,981

5,844

10,728

13,663

16,478

19,181

16,757

16,188

20,895

37,183

53,609

0

0

0

-

-

-

-

-

51,746

59,991

51,508

45,414

0

0

0

-

-

-

-

Proceeds from life insurance policy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-312,683

0

0

0

-

-

-

-

Net cash (used in) provided by financing activities

-273,204

817,956

884,980

882,332

926,223

2,857,140

3,302,665

3,447,072

3,557,655

554,844

-759,745

-984,428

-1,202,248

-1,267,196

-650,267

-615,385

-561,100

-383,108

-358,438

-436,263

-453,584

-638,238

-567,259

-444,967

-471,740

401,006

1,249,000

1,302,627

1,391,994

565,946

-174,487

109,102

191,755

338,450

1,619,486

1,492,522

0

0

0

Taxes paid

0

0

0

0

-5,000

-5,000

0

0

-32,374

5,000

0

50,000

87,374

50,000

50,000

0

0

0

0

20,500

21,840

21,840

21,840

1,340

0

0

0

0

1,542

1,542

1,542

1,542

0

0

0

-

0

0

0

Interest paid

76,088

82,370

84,676

82,483

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

727,074

-

-

-

19,928

19,939

-898,171

-700,299

-177,766

-684,760

533,101

35,141

234,547

786,701

297,062

552,247

-24,435

-46,186

115,644

97,395

8,508

-78,179

117,553

-50,519

27,276

-102,898

-541,376

-736,019

-548,649

289,240

200,084

443,983

560,809

-49,093

0

0

0

Interest paid

-

-

-

-

-

-

-

-

-

-

235,378

228,358

119,075

58,908

63,450

59,100

72,653

84,285

129,638

166,040

175,123

232,241

262,491

310,489

383,321

379,122

385,933

368,188

351,530

367,269

355,865

359,248

355,820

347,758

301,020

223,097

0

0

0

Capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Warrants issued in conjunction with long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66,193

0

0

0

-

-

-

-

-

-

-

-

Converted accounts payable to equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-