Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)

v2.4.0.8
STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Sales        
Professional fees $ 944,131 $ 1,017,243 $ 2,608,445 $ 3,097,139
Software sales 413,016 2,200,602 952,819 2,555,965
Total sales 1,357,147 3,217,845 3,561,264 5,653,104
Cost of revenues        
Cost of professional fees 520,857 510,397 1,498,436 1,723,820
Cost of software sales 232,138 1,951,931 687,230 2,257,318
Total cost of revenues 752,995 2,462,328 2,185,666 3,981,138
Gross profit 604,152 755,517 1,375,598 1,671,966
Selling, general and administrative expenses 407,048 371,328 1,278,856 1,263,875
Commissions on sales 171,551 278,474 335,303 494,349
Income from operations 25,553 105,715 (238,561) (86,258)
Other income 2,435 2,652 7,731 5,965
Loss before provision for income taxes 27,988 108,367 (230,830) (80,293)
Provision for income taxes 0 0 0 0
Net income 27,988 108,367 (230,830) (80,293)
Comprehensive income $ 27,988 $ 108,367 $ (230,830) $ (80,293)
Loss per common share:        
Basic: $ 0.00 $ 0.01 $ (0.02) $ (0.01)
Diluted: $ 0.00 $ 0.01 $ (0.02) $ (0.01)
Weighted average common shares outstanding        
Basic 11,201,760 11,201,760 11,201,760 11,201,760
Diluted 11,347,107 11,211,501 11,201,760 11,201,760