XML 11 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Cashflows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net loss $ (493,524) $ (554,312)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 84,504 81,525
Gain on disposal of property and equipment 0 60,881
Stock-based compensation 6,800 0
Amortization of prepaid stock-based compensation 1,943 0
Changes in operating assets and liabilities:    
Accounts receivable 3,647 2,639
Prepaid expenses and other current assets 562 10,814
Cash issued in excess of available funds (2,400) (22,557)
Accounts payable and accrued expenses 17,887 148,424
Deferred revenue 150,000 0
Deferred rent liability (32,836) 2,467
Accrued interest payable - related party 316,706 320,500
Net cash provided by operating activities 53,289 50,381
Cash flows from investing activities    
Proceeds from sale on property and equipment 0 0
Purchase of property and equipment (26,361) (48,671)
Net cash used in investing activities (26,361) (48,671)
Cash flows from financing activities    
Proceeds from related parties 124,398 (69,336)
Payment on capital lease obligation (25,928) (22,908)
Proceeds from note payable - related parties 0 95,001
Payments on notes payable - related party (114,670) 0
Net cash (used in) provided by financing activities (16,200) 2,757
Net increase in cash 10,728 4,467
Cash - beginning 5,500 1,900
Cash - ending 16,228 6,367
Supplemental disclosures:    
Interest paid 1,242 0
Income taxes paid 0 0
Supplemental disclosure of non-cash investing activities    
Cash payment for equipment in prior year $ 0 $ 90,000