Usio, inc. (USIO)
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 (loss)

-835,009

-1,528,213

-1,239,034

-1,275,611

-1,072,889

-876,405

-813,166

-1,035,438

-1,050,806

-1,297,840

-890,025

-534,337

-286,583

-243,383

-565,956

-355,301

-32,002

164,842

117,781

24,848

708,617

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

161,738

49,701

-339,825

-266,483

-232,432

475,098

626,742

104,306

69,072

471,806

262,540

-238,481

-144,017

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

137,795

297,229

241,749

246,994

236,548

236,474

223,225

207,277

208,662

196,740

190,671

186,489

187,760

185,279

184,974

184,771

183,437

224,048

83,879

83,028

75,651

10,141

10,201

10,706

9,905

8,905

8,871

7,586

6,292

3,282

1,968

1,179

431

549

828

1,072

1,273

Amortization

250,000

250,000

250,000

250,000

250,000

250,000

249,999

250,000

250,001

290,785

124,118

40,784

40,785

40,785

40,785

40,785

40,784

0

9,921

9,920

9,921

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (gain) loss on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,497

-59,584

62,320

-10,250

-65,619

17,450

-15,151

0

-

-

-

-

Cancellation of stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of stock to employee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,000

5,000

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash stock-based compensation

287,710

337,649

315,259

356,103

283,408

289,886

289,038

298,477

374,378

312,256

230,206

217,759

207,920

479,188

264,154

283,747

287,689

309,586

338,488

393,525

233,531

67,995

72,995

77,995

72,995

73,270

73,270

73,270

73,270

73,270

4,176

114,864

59,520

87,192

87,192

40,734

133,650

Amortization of warrant costs

8,985

8,985

8,985

8,985

8,985

8,985

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cancellation of stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-163,936

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of stock to consultant

-

-

-

-

-

-

-

-

-

-

-

-

-

17,400

0

15,300

19,000

0

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

0

10,000

25,000

10,000

Changes in current assets and current liabilities:
Accounts receivable

-191,693

115,150

-410,054

434,138

-79,588

66,873

208,088

47,238

-77,518

164,324

-5,086

31,271

-56,918

-93,456

-69,030

57,710

-122,858

253,977

-23,498

-6,928

-125,377

102,118

47,609

231,610

70,834

443,479

51,173

-47,901

-265,017

-88,451

216,386

102,332

-203,034

-52,080

253,064

43,198

-6,069

Prepaid expenses and other

58,844

-29,377

11,377

-39,994

139,847

-77,608

-63,276

-126,908

192,569

-49,867

-1,927

-43,847

130,557

-36,915

-38,472

-109,508

177,806

-6,803

-2,774

-81,689

111,126

-8,276

35,920

-15,730

18,378

13,435

27,581

-33,131

-23,618

24,771

44,581

16,478

-3,295

-313

10,336

-1,726

1,737

Operating lease right-of-use assets

-56,727

-66,901

-66,203

-2,122

2,616,128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

20,694

70,633

20,642

-8,051

14,074

2,998

1,472

119,597

25,125

21,197

-87,007

-6,196

28,763

1,062

-2,552

48

-599

27,300

-999

-32,305

4,741

10,429

-4,922

8,220

41,791

7,500

-378

-4,793

66,122

0

20,000

1,000

-10,000

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-34,999

29,999

0

2,500

Accounts payable and accrued expenses

-165,975

324,788

157,945

93,374

43,398

88,018

122,137

-93,420

-74,161

238,532

199,369

-170,372

191,103

-554,386

-27,841

-56,505

15,180

-55,689

-199,558

-112,954

-48,719

81,879

-119,910

48,227

-15,817

267,208

264,334

8,638

-288,986

-173,953

390,588

124,985

-8,535

-541,476

19,758

36,089

-60,634

Operating lease liabilities

-54,767

-64,945

-65,292

16,541

2,749,493

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid card load obligations

53,141

-

-

-

437,647

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merchant reserves

1,492,000

185,000

872,987

223,003

1,347,909

956,759

1,179,743

297,928

-102,765

-68,568

43,620

-227,090

1,078,211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-13,235

-13,236

-13,235

145,000

-15,000

-15,000

-15,000

-40,250

90,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

0

0

0

0

-79,748

21,291

58,457

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-33,000

20,500

12,500

-

0

0

0

-

-

-

-

-137

-413

-412

-2,913

-412

-854

1,646

-853

-6,645

-2,381

-6,541

-3,066

Settlement processing assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

472,239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-582,495

5,781,305

27,967,833

17,584,916

6,726,351

144,128

-830,354

307,783

557,740

-646,200

-1,533,336

1,341,779

1,608,358

269,211

-773,926

Net cash (used) by operating activities

-1,654,473

-750,397

-582,518

-1,203,235

-1,196,528

-842,880

-1,031,094

-643,382

-239,087

-74,813

-23,594

1,585

-839,628

-

-

-

-

-

-

519,289

824,575

-32,230,712

-9,255

6,175,935

28,070,651

17,515,952

6,713,796

-9,768

-1,042,360

794,367

1,281,943

-403,879

-1,197,372

1,403,821

1,656,086

177,350

-832,388

Investing activities:
Purchases of property and equipment

152,654

110,978

203,200

180,282

152,923

118,914

152,383

402,313

29,502

27,726

46,185

88,374

210,052

3,954

13,110

30,533

107,954

59,095

170,698

301,845

253,933

1,426

5,113

0

30,233

0

5,652

41,604

15,129

71,034

2,277

18,986

1,659

1,050

1,140

2,690

0

Notes receivable

-

-

-

-

-

-

-

-

-

-

-

0

500,000

-

0

0

200,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used) by investing activities:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-307,954

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used) by investing activities

-152,654

-110,978

-203,200

-180,282

-152,923

-118,914

-147,383

-402,313

-29,502

22,274

-1,046,185

-88,374

-710,052

-

-

-

-

-

-

-301,845

-253,933

-1,426

-5,113

0

-30,233

0

295,603

-41,604

-316,384

-71,034

-2,277

-18,986

-1,659

31,449

-31,139

-2,690

-2,500

Financing activities:
Proceeds from public offering, net of expenses

0

0

0

0

1,793,905

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

26,629

19,322

2,069

28,693

21,822

16,104

7,307

2,942

956,134

3,528

443

77,975

30,964

431,755

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Net cash (used) by financing activities:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

139,695

339,710

300,000

100,000

0

0

0

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-602,510

0

0

301,255

-

-

-

-

-

-

-

-

Net cash provided (used) by financing activities

-26,629

-19,322

-2,069

-28,693

1,772,083

-16,104

-7,307

-2,942

-956,134

2,721,812

-443

-77,975

-30,964

-

-

-

-

-

-

0

0

0

0

0

0

-

-

-

-

0

-139,695

139,695

-300,000

300,000

0

0

0

Change in cash, cash equivalents, prepaid card load assets and merchant reserves

-1,833,756

-880,697

-787,787

-1,412,210

422,632

-977,898

-1,185,784

-1,048,637

-1,224,723

2,669,273

-1,070,222

-164,764

-1,580,644

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-172,852

-84,815

154,514

164,285

287,522

180,543

217,445

570,641

-32,232,138

-14,368

6,175,935

28,040,418

17,515,952

6,708,144

-51,372

-1,358,744

723,333

1,139,971

-283,170

-1,499,031

1,735,270

1,624,947

174,660

-834,888

Supplemental disclosure of cash flow information:
Settlement of related party receivable with treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

702,337

0

0

0

0

-

-

-

-

Interest

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

151

0

-151

151

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

0

0

10,125

72,081

0

0

0

49,000

0

23,323

0

21,677

0

48,164

-62,184

55,184

7,000

0

-45,000

27,369

50,000

44,937

0

-12,179

12,179

-

-

-

-

-

-

-

-

-

-

-

-