Singing Machine (SMD) Cash Flow Statement

Net Income	1.37M
Depreciation	87.59K
Amortization of deferred financing costs	37.04K
Change in inventory reserve	90K
Change in allowance for bad debts	232.51K
Stock based compensation	37.01K
Change in net deferred tax asset	669.86K
(Increase) decrease in:
Accounts receivable	-16.99M
Accounts receivable-related parties	-610.6K
Inventories	-5.03M
Prepaid expenses and other current assets	38.24K
Other non-current assets	-129
Accounts payable	9.42M
Due to related parties	-297.34K
Accrued expenses	1.32M
Customer deposits	0
Obligations to clients for returns and allowances	-101.2K
Warranty provisions	567.37K
Net cash used in operating activities	-8.97M
Purchase of property and equipment	-76.43K
Net cash used in investing activities	-76.43K
Cash flows from financing activities:
Net proceeds from revolving line of credit	8.1M
Net proceeds from subscription receivable	6.4K
Payments on capital lease	-1.08K
Net cash (used in) provided by financing activities	7.88M
Net change in cash	-1.17M
Cash at beginning of period	2.12M
Cash at end of period	948.51K
Cash paid for interest	53.11K
Cash flows from financing activities:
Payment on note payable related party - Ram Light Management, Ltd.	-229.16K
(Increase) decrease in:
Due from PNC Bank	184.39K

Entities mentioned with SMD

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