XML 35 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net loss $ (458,006) $ (493,524)
Adjustments to reconcile net loss to net cash provided by (used) in operating activities:    
Depreciation and amortization expense 85,963 84,504
Share based compensation 4,252 6,800
Amortization of prepaid stock-based compensation    1,943
Changes in operating assets and liabilities:    
Accounts receivable (705) 3,647
Prepaid expenses and other (8,691) 562
Cash issued in excess of available funds 9,929 (2,400)
Accounts payable and accrued expenses 101,086 17,887
Deferred revenue 75,000 150,000
Deferred rent liability (32,835) (32,836)
Accrued interest payable - related party 320,560 316,706
Net cash provided by operating activities 96,553 53,289
Cash flows from investing activities    
Purchase of property and equipment (55,445) (26,361)
Net cash used in investing activities (55,445) (26,361)
Cash flows from financing activities    
Proceeds from related parties 43,097 124,398
Payment on capital lease obligation (23,205) (25,928)
Proceeds from note payable - related parties 34,000   
Payments on notes payable - related parties (95,000) (114,670)
Net cash used in financing activities (41,108) (16,200)
Net increase in cash    10,728
Cash - beginning    5,500
Cash - ending    16,228
Supplemental disclosures:    
Interest paid 198 1,242
Income taxes paid