Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

v3.5.0.2
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (356,027) $ (180,480)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 15,301 15,360
Stock-based compensation 5,472 5,714
Bad debt expense 1,811 107
Forgiveness of notes receivable 0 7,863
Changes in operating assets and liabilities    
Accounts receivable 153,084 173,535
Prepaid expenses and other current assets 390,675 419,615
Accounts payable, accrued payroll and related liabilities, and other accrued liabilities 499,573 3,736
Commissions payable (86,936) (65,823)
Deferred revenue (414,508) (422,535)
Net cash provided by (used in) operating activities 208,445 (42,908)
Cash flows from investing activities:    
Acquisition of furniture and equipment (9,707) (9,134)
Increase in notes receivable - employees (5,768) 0
Payments received on note receivable 1,227 1,135
Net cash used in investing activities (14,248) (7,999)
Net increase (decrease) in cash and cash equivalents 194,197 (50,907)
Cash and cash equivalents, beginning of the period 2,167,928 2,450,006
Cash and cash equivalents, end of the period 2,362,125 2,399,099
Supplemental cash flow information    
Interest paid 0 0
Income taxes paid $ 0 $ 0