Page 311 - Onboarding May 2017

CENTRALIZED SUPPLY CHAIN SERVICES, LLC
STATEMENTS OF CASH FLOWS
Years ended December 31, 2015 and 2014

2015 2014
Cash flows from operating activities
Net earnings $ 4,766,710 $ 3,764,493
Adjustment to reconcile net earnings
to net cash provided by operating activities
Depreciation 3,872 516
Increase (decrease) in cash from changes in
operating assets and liabilities
Accounts receivable (722,910) (218,220)
Prepaid expenses (42,847) (4,553)
Accounts payable 903,570 (328,110)
Accrued payroll and related liabilities (39,333) 394,750
Net cash provided by operating activities 4,869,062 3,608,876

Cash flows from investing activities
Purchase of equipment and leasehold improvements (66,766) -
Net cash used in investing activities (66,766) -

Cash flows from financing activities
Dividends paid to members (4,533,790) (4,608,963)
Net cash used in financing activities (4,533,790) (4,608,963)

Net change in cash and cash equivalents 268,506 (1,000,087)

Cash and cash equivalents at beginning of year 4,113,254 5,113,341

Cash and cash equivalents at end of year $ 4,381,760 $ 4,113,254

See accompanying notes to financial statements.

5.