Stereotaxis
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10-Q
STEREOTAXIS, INC. filed this Form 10-Q on 08/08/2018
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STEREOTAXIS, INC.

STATEMENTS OF CASH FLOWS

(Unaudited)

 

   Six Months Ended June 30, 
   2018   2017 
Cash flows from operating activities          
Net income  $803,025   $999,669 
Adjustments to reconcile net income to cash used in operating activities:          
Depreciation   281,656    277,402 
Amortization of intangibles   32,994    99,661 
Amortization of deferred finance costs   24,657    49,588 
Share-based compensation   320,356    412,678 
Loss on asset disposal   1,449    20,772 
Adjustment of warrants   (2,590,361)   (3,429,563)
Changes in operating assets and liabilities:          
Accounts receivable   (506,141)   (210,757)
Inventories   (398,422)   396,988 
Prepaid expenses and other current assets   (44,475)   288,295 
Other assets   (36,897)   (1,806)
Accounts payable   (300,886)   (885,763)
Accrued liabilities   (236,374)   (603,653)
Deferred revenue   1,119,224    (794,922)
Other liabilities   (956)   907 
Net cash used in operating activities   (1,531,151)   (3,380,504)
Cash flows from investing activities          
Purchase of fixed assets   (56,864)   (4,297)
Net cash used in investing activities   (56,864)   (4,297)
Cash flows from financing activities          
Payments of deferred financing costs   -    (100,000)
Proceeds from issuance of stock, net of issuance costs   28,747    18,872 
Proceeds from warrant exercise   9,864,697    - 
Net cash provided by (used in) financing activities   9,893,444    (81,128)
Net increase (decrease) in cash and cash equivalents   8,305,429    (3,465,929)
Cash and cash equivalents at beginning of period   3,686,302    8,501,392 
Cash and cash equivalents at end of period  $11,991,731   $5,035,463 

 

See accompanying notes.

 

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