v2.3.0.11
Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Loss from continuing operations $ (174,394) $ (231,811)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 23,590 26,674
Stock-based compensation expense 1,767 11,100
Changes in assets and liabilities:    
Accounts receivable 8,114 (64,648)
Prepaid expenses and other current assets 5,475 (36,190)
Accounts payable and accrued expenses 18,702 (15,762)
Accrued compensation and related taxes (48,886) 63,651
Net cash used in operating activities of continuing operations (165,632) (246,986)
Operating activities of discontinued operations 561,491 271,423
Net cash provided by operating activities 395,859 24,437
Cash flows from investing activities:    
Proceeds from note receivable 30,000 0
Capital expenditures (17,387) 0
Net cash provided by investing activities 12,613 0
Cash flows from financing activities:    
Proceeds from stock issuance 296,487 0
Payment of capital leases payable (7,801) (4,771)
Net cash provided by (used in) financing activities 288,686 (4,771)
Net increase in cash and cash equivalents 697,158 19,666
Cash and cash equivalents - beginning of period 2,579,249 3,440,493
Cash and cash equivalents - end of period 3,276,407 3,460,159
Supplemental disclosure of cash flow information:    
Interest $ 184 $ 672