Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

v2.4.1.9
Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES    
Net Income (Loss) $ (371,881)us-gaap_NetIncomeLoss $ (466,906)us-gaap_NetIncomeLoss
Noncash Expenses:    
Impairment of Intangible Assets 0us-gaap_ImpairmentOfIntangibleAssetsFinitelived 0us-gaap_ImpairmentOfIntangibleAssetsFinitelived
Amortization 577us-gaap_AdjustmentForAmortization 577us-gaap_AdjustmentForAmortization
Depreciation 40,405us-gaap_Depreciation 1,537us-gaap_Depreciation
Stock Compensation 122,750us-gaap_ShareBasedCompensation 25,200us-gaap_ShareBasedCompensation
Warrant Expense 0us-gaap_FairValueAdjustmentOfWarrants 0us-gaap_FairValueAdjustmentOfWarrants
Change in assets and liabilities:    
(Increase) Decrease in Accounts Receivable (46,845)us-gaap_IncreaseDecreaseInAccountsReceivable 177,103us-gaap_IncreaseDecreaseInAccountsReceivable
(Increase) in Inventory (6,269)us-gaap_IncreaseDecreaseInInventories (2,807)us-gaap_IncreaseDecreaseInInventories
Decrease in Prepaid Assets 8,457us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 8,319us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
(Decrease) in Accounts Payable (212,409)us-gaap_IncreaseDecreaseInAccountsPayable (56,247)us-gaap_IncreaseDecreaseInAccountsPayable
Increase In Accrued Expenses 1,510us-gaap_IncreaseDecreaseInAccruedLiabilities 12,720us-gaap_IncreaseDecreaseInAccruedLiabilities
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES (463,705)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (300,504)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES    
Purchase of Furniture and Equipment (7,357)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of Intangible Assets (1,347)us-gaap_PaymentsToAcquireIntangibleAssets 0us-gaap_PaymentsToAcquireIntangibleAssets
NET CASH (USED) BY INVESTING ACTIVITIES (8,704)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 0us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES    
Proceeds from Sale of Stock Subscriptions 0us-gaap_ProceedsFromIssuanceOrSaleOfEquity 3,500,000us-gaap_ProceedsFromIssuanceOrSaleOfEquity
Stock Offering Costs 0us-gaap_PaymentsOfStockIssuanceCosts (181,663)us-gaap_PaymentsOfStockIssuanceCosts
Deferred Stock Offering Costs 0sglb_PaymentForDeferredStockOfferingCosts 0sglb_PaymentForDeferredStockOfferingCosts
Contributions 0us-gaap_ProceedsFromContributionsFromAffiliates 0us-gaap_ProceedsFromContributionsFromAffiliates
NET CASH PROVIDED BY FINANCING ACTIVITIES 0us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 3,318,337us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
NET CASH INCREASE (DECREASE) FOR PERIOD (472,409)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 3,017,833us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AT BEGINNING OF PERIOD 2,962,069us-gaap_CashAndCashEquivalentsAtCarryingValue 992,448us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AT END OF PERIOD 2,489,660us-gaap_CashAndCashEquivalentsAtCarryingValue 4,010,281us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure for Cash Flow Information Cash paid during the period for:    
Interest 0us-gaap_InterestPaid 0us-gaap_InterestPaid
Income Taxes $ 0us-gaap_IncomeTaxesPaid $ 0us-gaap_IncomeTaxesPaid