XML 37 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES    
Net Income (Loss) $ (910,129) $ (421,946)
Adjustments to reconcile Net Income (Loss) to Net Cash used by operations:    
Amortization 1,011 717
Depreciation 20,151 13,222
Stock Compensation 219,500 0
Non-cash Expense 0 16,000
Change in assets and liabilities:    
(Increase) Decrease in Accounts Receivable 70,220 (180,855)
(Increase) in Other Assets (27,825) (370)
(Decrease) Increase in Accounts Payable 32,224 44,996
Increase In Accrued Expenses 19,379 0
NET CASH (USED) BY OPERATING ACTIVITIES (575,469) (528,236)
INVESTING ACTIVITIES    
Purchase of Furniture and Equipment (8,904) 0
Purchase of Intangible Assets (13,160) 0
NET CASH (USED) BY INVESTING ACTIVITIES (22,064) 0
FINANCING ACTIVITIES    
Proceeds from Note Payable 0 300,000
Net Proceeds from Sale of Common Stock 1,011,765 649,504
Cash Acquired (Paid) in Reorganization 12,613 (195,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,024,378 754,504
NET CASH INCREASE FOR PERIOD 426,845 226,268
CASH AT BEGINNING OF PERIOD 226,268 0
CASH AT END OF PERIOD 653,113 226,268
Supplemental Disclosure for Cash Flow Information    
Interest 0 1,000
Income Taxes $ 0 $ 0