XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES    
Net Income (Loss) $ (734,117) $ (685,566)
Noncash Expenses:    
Impairment of Intangible Assets 87,340 0
Amortization 89,513 88,347
Depreciation 10,587 21,832
Stock Compensation 258,400 141,500
Change in assets and liabilities:    
(Increase) in Accounts Receivable (30,163) (9,309)
(Increase) Decrease in Inventory (1,167) 0
Decrease in Prepaid Assets 1,089 2,032
(Decrease) in Accounts Payable (3,970) (47,257)
Increase In Accrued Expenses 11,189 6,497
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES (311,299) (481,924)
INVESTING ACTIVITIES    
Purchase of Furniture and Equipment (11,613) (551)
Purchase of Intangible Assets (15,544) (20,909)
NET CASH (USED) BY INVESTING ACTIVITIES (27,157) (21,460)
FINANCING ACTIVITIES    
Net Proceeds from Sale of Stock Subscription 1,169,946 0
Deferred Stock Offering Costs (17,426) 0
Contributions 28,313 342
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,180,833 342
NET CASH INCREASE (DECREASE) FOR PERIOD 842,377 (503,042)
CASH AT BEGINNING OF PERIOD 150,071 653,113
CASH AT END OF PERIOD 992,448 150,071
Cash paid during the period for:    
Interest 0 112
Income Taxes $ 0 $ 0