v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (429,682) $ (2,787,523)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 792,392 1,081,212
Loss on sale of property and equipment 974
Loss on disposition or impairment of assets 250,704 417,971
Net franchise fees recognized upon termination of franchise agreements (72,450)
Bargain purchase gain (75,264)
Deferred income taxes (75,882) 55,332
Stock based compensation expense 346,629 227,121
Changes in operating assets and liabilities:    
Accounts receivable 104,939 (161,302)
Income taxes receivable 38,960
Prepaid expenses and other current assets (90,449) (57,721)
Deferred franchise costs (260,774) 129,101
Deposits and other assets 42,359 49,187
Accounts payable (384,538) (83,621)
Accrued expenses 33,982 (32,572)
Co-op funds liability 17,453 9,337
Payroll liabilities 104,538 (140,877)
Other liabilities 13,041 (96,492)
Deferred rent (59,021) (343,191)
Deferred revenue 354,259 906,444
Net cash provided by (used in) operating activities 613,210 (788,634)
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (80,000)
Purchase of property and equipment (370,757) (106,254)
Payments received on notes receivable 83,824 25,826
Net cash used in investing activities (366,933) (80,428)
Cash flows from financing activities:    
Borrowings on revolving credit note payable 1,000,000
Proceeds from exercise of stock options 141,607 83,495
Repayments on notes payable (231,500)
Net cash provided by financing activities 141,607 851,995
Increase (decrease) in cash 387,884 (17,067)
Cash and restricted cash, beginning of period 4,320,040 3,344,258
Cash and restricted cash, end of period $ 4,707,924 $ 3,327,191

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