v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (581,486) $ (3,219,232)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,181,661 1,550,013
(Gain) loss on sale of fixed assets 974 (34,355)
Loss on disposition or impairment of assets 593,960 417,971
Net franchise fees recognized upon termination of franchise agreements (186,850) (46,115)
Bargain purchase gain (75,264)
Deferred income taxes (136,434) 66,697
Stock based compensation expense 469,405 412,512
Changes in operating assets and liabilities:    
Accounts receivable (59,857) (303,590)
Income taxes receivable 38,960
Prepaid expenses and other current assets (159,891) (105,252)
Deferred franchise costs (510,266) 110,145
Deposits and other assets 45,601 70,632
Accounts payable (225,839) (336,535)
Accrued expenses 14,628 (168,332)
Co-op funds liability 56,085 24,942
Payroll liabilities 421,006 (216,540)
Other liabilities (79,783) (493,122)
Deferred rent (86,326) (377,995)
Deferred revenue 1,207,089 1,015,775
Net cash provided by (used in) operating activities 1,888,413 (1,593,421)
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (100,000)
Purchase of property and equipment (531,162) (190,589)
Reacquisition and termination of regional developer rights (278,250)
Payments received on notes receivable 210,642 39,888
Net cash used in investing activities (698,770) (150,701)
Cash flows from financing activities:    
Borrowings on revolving credit note payable 1,000,000
Purchases of treasury stock under employee stock plans (4,811) (2,655)
Proceeds from sale of treasury stock 292,671
Proceeds from exercise of stock options 291,532 127,466
Repayments on notes payable (231,500)
Net cash provided by financing activities 286,721 1,185,982
Increase (decrease) in cash 1,476,364 (558,140)
Cash and restricted cash, beginning of period 4,320,040 3,344,258
Cash and restricted cash, end of period $ 5,796,404 $ 2,786,118

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