Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net Income $ (553,681) $ 78,330
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 28,258 29,866
Stock option compensation 9,010 8,465
Bad debt expense 7,635 107
Forgiveness of note receivable 0 7,863
Changes in operating assets and liabilities    
Accounts receivable 133,007 (327,515)
Prepaid expenses and other current assets (60,216) 156,642
Accounts payable, accrued payroll and related liabilities, and other accrued liabilities 251,257 (3,854)
Commissions payable (105,712) (57,995)
Deferred revenue 33,933 (156,892)
Net cash used in operating activities (256,509) (264,983)
Cash flows from investing activities:    
Acquisition of property and equipment (13,417) (18,230)
Increase in notes receivable – employees (5,768) 0
Payments received on note receivable - employee 3,138 1,135
Net cash used in investing activities (16,047) (17,095)
Net increase (decrease) in cash and cash equivalents (272,556) (282,078)
Cash and cash equivalents, beginning of the period 2,167,928 2,450,006
Cash and cash equivalents, end of the period 1,895,372 2,167,928
Supplemental cash flow information    
Interest paid 0 0
Income taxes paid $ 0 $ 0