XML 24 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condened Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net (loss) $ (148,226) $ (183,368)
Adjustments to reconcile net loss to net cash (used) in operating activities:    
Depreciation and amortization expense 29,443 26,121
Gain on disposal of property and equipment (1,673) 0
Changes in operating assets and liabilities:    
Accounts receivable 2,657 20
Prepaid expenses and other 6,655 (7,866)
Checks issued in excess of available funds (29,184) 0
Accounts payable and accrued expenses (28,180) (39,972)
Deferred rent liability 822 1,097
Accrued interest payable - related party 106,525 102,274
Net cash used by operating activities (61,161) (101,694)
Cash flows from investing activities    
Proceeds from sale on property and equipment 1,675 0
Purchase of property and equipment (36,893) (2,805)
Net cash used by investing activities (35,218) (2,805)
Cash flows from financing activities    
Proceeds from related parties 52,579 145,749
Payment on capital lease obligation (7,401) (5,519)
Proceeds from notes payable - related parties 95,001 0
Payments on notes payable - related party 0 (2,124)
Net cash provided by financing activities 140,179 138,106
Net increase in cash 43,800 33,605
Cash - beginning 1,900 10,647
Cash - ending 45,700 44,252
Supplemental disclosures:    
Interest paid 0 140
Income taxes paid 0 0
Supplemental disclosure of non-cash investing activities    
Cash payment for equipment in prior year $ 90,000 $ 0