XML 28 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOW FROM OPERATING ACTIVITIES:    
Net income $ 363,498 $ 240,071
Adjustments to reconcile net income to cash provided by (used for) operating activities:    
Depreciation 7,970 6,614
Amortization    
Intangible assets 2,817 2,817
Discount on secured debt   49,775
Share-based compensation 20,741 27,138
Change in assets and liabilities:    
Accounts receivable trade 100,290 (1,063,377)
Inventory 1,129 1,941
Prepaid expenses and other (8,176) 87,908
Accounts payable (272,814) 110,336
Accrued liabilities 18,016 75,333
Deferred revenue (65,905) 331,693
Net cash provided by (used for) operating activities 167,566 (129,751)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures   (52,804)
Net cash used for investing activities   (52,804)
CASH FLOW FROM FINANCING ACTIVITIES:    
Preferred stock dividend paid   (125,209)
Repayment of notes payable   (500,000)
Net cash used for financing activities   (625,209)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 167,566 (807,764)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 43,437 1,010,096
CASH AND CASH EQUIVALENTS, END OF PERIOD 211,003 202,332
Cash paid for:    
Interest $ 0 $ 0