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, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ 246,462 $ (553,681)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,905 28,258
Stock option compensation 15,044 9,010
Bad debt expense 0 7,635
Changes in operating assets and liabilities    
Accounts receivable 541,673 133,007
Prepaid expenses and other current assets 294,930 (60,216)
Accounts payable, accrued payroll and related liabilities, and other accrued liabilities 83,197 251,257
Deferred revenue (228,033) 33,933
Commissions payable (140,511) (105,712)
Franchise taxes payable 6,400 0
Net cash used in operating activities 836,067 (256,509)
Cash flows from investing activities:    
Acquisition of property and equipment (840) (13,417)
Payments received on note receivable - employee 3,411 3,138
Increase in notes receivable (2,500) (5,768)
Net cash provided by (used in) investing activities 71 (16,047)
Net increase (decrease) in cash and cash equivalents 836,138 (272,556)
Cash and cash equivalents, beginning of the period 1,895,372 2,167,928
Cash and cash equivalents, end of the period 2,731,510 1,895,372
Supplemental cash flow information    
Interest paid 0 0
Income taxes paid $ 800 $ 0