v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period $ (943,848) $ (268,426)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 101,328 159,337
Stock and options issued for services 307,003 361,062
Changes in:    
Accounts receivable 738,566 181,962
Prepaid expenses (56,649) (48,283)
Accounts payable (380,465) (28,189)
Revenue share payable (544,575) (311,766)
Accrued expenses 161,016 (15,608)
Deferred revenue 440,247 216,083
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (177,377) 246,172
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (19,809)
Patent rights (7,268) (4,517)
Website site development costs (78,913) (42,750)
NET CASH USED IN INVESTING ACTIVITIES (105,990) (47,267)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock payable (357,415)
NET CASH USED IN FINANCING ACTIVITIES (357,415)
NET DECREASE IN CASH AND CASH EQUIVALENTS (640,782) 198,905
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 8,207,565 3,446,973
CASH AND CASH EQUIVALENTS - END OF PERIOD 7,566,783 3,645,878
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 163
Cash paid for income taxes