Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

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STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net Income $ 72,316 $ 101,320
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 20,714 13,786
Stock option compensation 5,197 5,774
Bad debt expense 1,020 52,376
Changes in operating assets and liabilities    
Accounts receivable 1,952,541 (1,026,007)
Other receivables and prepaid expenses 629,113 (184,842)
Accounts payable and accrued expenses (940,470) 708,950
Commissions payable 114,950 135,951
Deferred revenue (809,533) 174,378
Income taxes payable (2,800) 0
Net cash provided by (used in)operating activities 1,043,048 (18,314)
Cash flows from investing activities:    
Payments received on note receivable - employee 14,168 4,807
Increase in note receivable - employee (10,098) 0
Acquisition of furniture and equipment (16,359) (7,617)
Net cash used in investing activities (12,289) (2,810)
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 1,031,109 (21,124)
Cash and cash equivalents, beginning of the period 1,280,926 1,968,077
Cash and cash equivalents, end of the period 2,312,035 1,946,953
Supplemental cash flow information    
Interest paid 0 0
Income taxes paid $ 2,800 $ 0