Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

v2.4.0.8
STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net Income $ (258,818) $ (188,660)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 15,482 11,496
Stock based compensation 8,805 7,427
Changes in operating assets and liabilities    
Accounts receivable 551,413 (6,243)
Prepaid expenses and other current assets 98,121 (113,024)
Accounts payable and accrued expenses (572,855) 116,014
Commissions payable (150,039) (49,567)
Deferred revenue (110,356) 64,286
Net cash used in operating activities (418,247) (158,271)
Cash flows from investing activities:    
Capital expenditures (17,705) (14,440)
Payments received on note receivable 2,758 1,771
Increase in note receivable    (10,000)
Net cash used in investing activities (14,947) (22,669)
Net decrease in cash and cash equivalents (433,194) (180,940)
Cash and cash equivalents, beginning of the period 2,359,527 2,623,016
Cash and cash equivalents, end of the period 1,926,333 2,442,076
Supplemental cash flow information    
Interest paid      
Income taxes paid