XML 29 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net income (loss) $ 94,323 $ (862,537)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock-based compensation expense 891,347 291,229
Non-cash interest expense on convertible debt 384,124 202,425
Depreciation and amortization 130,228 130,408
Amortization of capitalized debt issuance costs 53,945 25,091
Provision for bad debts 32,016 (18,265)
Changes in assets and liabilities:    
Accounts receivable (1,856,303) (175,321)
Deferred maintenance fees (67,291) (38,670)
Inventory, prepaid expenses and other current assets (100,330) 4,358
Accounts payable 289,932 (21,051)
Accrued payroll and related taxes 242,852 23,912
Deferred revenue 195,915 108,383
Deferred rent (11,981) (116,563)
Other accrued liabilities 48,156 (3,376)
Net cash provided by (used in) operating activities 326,933 (449,977)
INVESTING ACTIVITIES    
Purchases of short-term investments (2,411,558) 0
Purchases of property and equipment (106,279) (6,733)
Net cash used in investing activities (2,517,837) (6,733)
FINANCING ACTIVITIES    
Proceeds from the issuance of common stock, net of issuance costs of $1,154,634 and $0, respectively 14,595,367 345,000
Proceeds from exercise of warrants and stock options 209,796 10,800
Proceeds from line of credit 105,000 0
Proceeds from the issuance of convertible debt, net 0 922,223
Net cash provided by financing activities 14,910,163 1,278,023
NET INCREASE IN CASH AND CASH EQUIVALENTS 12,719,259 821,313
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,305,049 674,115
CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,024,308 1,495,428
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 2,815 2,353
Cash paid for income taxes 2,492 2,338
NON-CASH FINANCING AND INVESTING ACTIVITIES    
Conversion of debt to common stock 1,063,926 0
Debt discount on convertible note due to warrants 0 226,068
Beneficial conversion feature related to convertible debt issued $ 0 $ 401,568