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, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net Income $ 28,894 $ 38,187
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 13,021 9,338
Stock option compensation 3,363 4,846
Bad debt expense 1,020 1,138
Changes in operating assets and liabilities    
Accounts receivable 1,831,513 (137,968)
Other receivables and prepaid expenses 341,017 270,480
Accounts payable and accrued expenses (815,986) 26,463
Commissions payable 102,926 69,125
Deferred revenue (496,884) (276,445)
Income taxes payable (2,800) 0
Net cash provided by (used in)operating activities 1,006,084 5,164
Cash flows from investing activities:    
Payments received on notes receivable - employees 3,305 3,191
Increase in notes receivable - employees (10,023) 0
Acquisition of furniture and equipment (11,618) (6,189)
Net cash used in investing activities (18,336) (2,998)
Cash flows from financing activities:    
Proceeds from exercise of stock options 350 0
Net cash provided by financing activities 350 0
Net increase (decrease) in cash and cash equivalents 988,098 2,166
Cash and cash equivalents, beginning of the period 1,280,926 1,968,077
Cash and cash equivalents, end of the period 2,269,024 1,970,243
Supplemental cash flow information    
Interest paid 0 0
Income taxes paid $ 2,800 $ 0