XML 34 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows from Operating Activities    
Net (Loss) $ (224,356) $ (278,157)
Adjustments to reconcile net (loss) to net cash provided from operating activities:    
Depreciation and amortization 11,708 2,116
Common stock for services 10,000 25,000
Amortization of prepaid consulting 17,500 81,691
Beneficial conversion feature, net of conversion 1,701   
Original issue discount, net of conversion 3,646   
Changes in assets and liabilities    
Accounts receivable 120,516 18,893
Prepaid expenses 1,666 6,833
Accounts payable 29,239 (28,756)
Accrued expenses and other liabilities 374 (2,395)
Deferred revenue    (1,250)
Net Cash (Used in) Operating Activities (28,006) (176,025)
Cash Flows from Investing Activities    
Purchase of property and equipment    (3,964)
Net Cash (Used In) Investing Activities    (3,964)
Cash Flows from Financing Activities    
Proceeds from line of credit 2,158   
Payments made on line of credit (685) (11,414)
Proceeds from accounts receivable financing 99,059   
Payments on accounts receivable financing (135,558)   
Net proceeds from insurance financing 5,196 (4,643)
Proceeds from convertible notes 62,500   
Proceeds from issuance of stock    155,000
Net Cash Provided by Financing Activities 32,670 138,943
Net Change in Cash and Cash Equivalents 4,664 (41,046)
Cash and Cash Equivalents at Beginning of period 988 70,326
Cash and Cash Equivalents at End of Period $ 5,652 $ 29,280