Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net (loss) income $ (39,158) $ 57,102
Adjustments to reconcile net (loss) income to net cash used in (provided by) operating activities:    
Depreciation and amortization 5,569 10,159
Stock option compensation 15,656 (290)
Changes in operating assets and liabilities    
Accounts receivable and contract assets (176,020) 421,629
Prepaid expenses and other current assets 300,437 436,005
Accounts payable (15,424) 24,140
Accrued payroll and related liabilities and other accrued liabilities (381,036) (298,049)
Contract liabilities (253,527) (507,219)
Commissions payable (94,379) (70,695)
Net cash (used in) provided by operating activities (637,882) 72,782
Cash flows from investing activities:    
Acquisition of property and equipment (2,902) 0
Payments received on notes receivable - employees 1,719 1,904
Increase in notes receivable 0 (2,500)
Net cash used in investing activities (1,183) (596)
Net (decrease) increase in cash and cash equivalents (639,065) 72,186
Cash and cash equivalents, beginning of the period 2,731,510 1,895,372
Cash and cash equivalents, end of the period 2,092,445 1,967,558
Supplemental cash flow information    
Interest paid 0 0
Income taxes paid $ 0 $ 0