XML 26 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net loss$ (276,952)$ (1,931,379)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:  
Depreciation and amortization847,654851,865
Provision for doubtful accounts3,233(5,335)
Noncash stock-based compensation expense11,997372,143
Amortization of debt discount6,66720,833
Loss on disposal of equipment01,864
Changes in assets and liabilities:  
Increase in accounts receivable(473,841)(1,312,126)
(Increase) decrease in inventory(30,045)43,534
Decrease in other current assets12,59880,137
Decrease (increase) in other assets1,045(59,062)
Increase in accounts payable and accrued expenses439,745722,703
Decrease in deferred revenue(567,599)(389,614)
Increase in deferred rent70,14856,393
Net cash provided by (used in) operating activities44,650(1,548,044)
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchases of property and equipment(45,630)(231,807)
Net cash used in investing activities(45,630)(231,807)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Repayment of notes payable(200,000)(400,000)
Net proceeds from issuance of common stock from exercise of stock options226,755305,870
Net cash provided by (used in) financing activities26,755(94,130)
Increase (decrease) in cash and cash equivalents25,775(1,873,981)
CASH AND CASH EQUIVALENTS, beginning of period1,488,9043,008,472
CASH AND CASH EQUIVALENTS, end of period1,514,6791,134,491
SUPPLEMENTAL CASH FLOW INFORMATION  
Income taxes00
Interest$ 2,000$ 1,475