XML 36 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 9 Months Ended
Oct. 31, 2011
Oct. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (293,559) $ (101,988)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 9,814 8,330
Bad debt expense (recovery) 5,254 (76,231)
Issuance of shares for services 63,000 47,166
Non-cash stock option expense 21,999  
Amortization of prepaid commission cost 28,125 28,125
Increase in warrant liability 25,000  
Amortization of debt discount 603 604
Changes in assets and liabilities:    
Accounts receivable (185,444) (109,361)
Due from / to officers 14,953 14,867
Due from affiliate (825) (1,050)
Prepaid expenses (13,244) (16,070)
Accounts payable and accrued liabilities 22,092 45,866
Net cash used in operating activities (302,232) (159,742)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment (5,136) (4,568)
Acquisition, net of cash acquired 164,210  
Net cash used in investing 159,074 (4,568)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from shares issued   211
Distribution to non-controlling interest shareholder (154,290)  
Proceeds from issuance of convertible notes payable 150,000  
Net cash (used) provided by financing activities (4,290) 211
NET DECREASE IN CASH & CASH EQUIVALENTS (147,448) (164,098)
CASH & CASH EQUIVALENTS, BEGINNING BALANCE 397,101 665,737
CASH & CASH EQUIVALENTS, ENDING BALANCE 249,653 501,639
SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 63,599 62,586
Taxes paid   1,600
NONCASH FINANCING ACTIVITIES    
Common stock issued for acquisitions (see Note 18) 280,000  
Contingent consideration payable (see Note 18) $ 367,500