Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

v3.4.0.3
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (210,270) $ (84,831)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,779 7,805
Stock-based compensation 666 2,871
Changes in operating assets and liabilities    
Accounts receivable 588,120 (139,704)
Prepaid expenses and other current assets 184,925 273,172
Accounts payable, accrued payroll and related liabilities, and other accrued liabilities (27,379) (84,824)
Commissions payable (101,487) (12,968)
Deferred revenue (212,438) (286,885)
Net cash provided by (used in) operating activities 229,916 (325,364)
Cash flows from investing activities:    
Acquisition of furniture and equipment (7,158) $ (2,384)
Increase in notes receivable - employees (5,768)
Payments received on note receivable 280 $ 656
Net cash used in investing activities (12,646) (1,728)
Net increase (decrease) in cash and cash equivalents 217,270 (327,092)
Cash and cash equivalents, beginning of the period 2,167,928 2,450,006
Cash and cash equivalents, end of the period $ 2,385,198 $ 2,122,914
Supplemental cash flow information    
Interest paid
Income taxes paid