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, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ 57,102 $ (356,027)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 10,159 15,301
Stock-based compensation, net of forfeitures (290) 5,472
Bad debts 0 1,811
Changes in operating assets and liabilities    
Accounts receivable 421,629 153,084
Prepaid expenses and other current assets 436,005 390,675
Accounts payable, accrued payroll and related liabilities, and other accrued liabilities (273,909) 499,573
Deferred revenue (507,219) (414,508)
Commissions payable (70,695) (86,936)
Net cash provided by operating activities 72,782 208,445
Cash flows from investing activities:    
Acquisition of property and equipment 0 (9,707)
Increase in notes receivable - employees (2,500) (5,768)
Payments received on notes receivable - employees 1,904 1,227
Net cash used in investing activities (596) (14,248)
Net increase in cash and cash equivalents 72,186 194,197
Cash and cash equivalents, beginning of the period 1,895,372 2,167,928
Cash and cash equivalents, end of the period 1,967,558 2,362,125
Supplemental cash flow information    
Interest paid 0 0
Income taxes paid $ 0 $ 0