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, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (413,265) $ (278,222)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 22,044 22,475
Stock-based compensation 8,329 7,826
Bad debt expense 13,781 107
Forgiveness of notes receivable 0 7,863
Changes in operating assets and liabilities    
Accounts receivable (9,265) (18,680)
Prepaid expenses and other current assets 105,775 454,737
Accounts payable, accrued payroll and related liabilities, and other accrued liabilities 1,086,156 306,420
Commissions payable (51,528) (110,481)
Deferred revenue (117,248) (457,133)
Net cash provided by (used in) operating activities 644,779 (65,088)
Cash flows from investing activities:    
Acquisition of furniture and equipment (11,581) (10,727)
Increase in notes receivable - employees (5,768) 0
Payments received on note receivable 2,179 1,135
Net cash used in investing activities (15,170) (9,592)
Net increase (decrease) in cash and cash equivalents 629,609 (74,680)
Cash and cash equivalents, beginning of the period 2,167,928 2,450,006
Cash and cash equivalents, end of the period 2,797,537 2,375,326
Supplemental cash flow information    
Interest paid 0 0
Income taxes paid $ 0 $ 0