v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (118,557) $ (142,543)
Earnings from discontinued operations 0 (31,851)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 14,878 23,590
Stock-based compensation expense 53,000 1,767
Changes in assets and liabilities:    
Accounts receivable 150,172 8,114
Prepaid expenses and other current assets (3,951) 5,475
Accounts payable and accrued expenses 632 18,702
Accrued compensation and related taxes (49,682) (48,886)
Net cash used in operating activities of continuing operations 46,492 (165,632)
Operating activities of discontinued operations 0 561,491
Net cash provided by operating activities 46,492 395,859
Cash flows from investing activities:    
Proceeds from note receivable 45,000 30,000
Capital expenditures (25,000) (17,387)
Net cash provided by investing activities 20,000 12,613
Cash flows from financing activities:    
Proceeds from stock issuance 0 296,487
Payment of capital leases payable 0 (7,801)
Net cash provided by financing activities 0 288,686
Net increase in cash and cash equivalents 66,492 697,158
Cash and cash equivalents - beginning of period 3,107,253 2,579,249
Cash and cash equivalents - end of period 3,173,745 3,276,407
Supplemental disclosure of cash flow information:    
Interest $ 0 $ 184