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Findex.com, Inc. - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Cash received from customers$ 675,312$ 1,301,778
Cash paid to suppliers and employees(1,351,505)(1,349,277)
Other operating activities, net(6,703)(6,905)
Net cash (used) by operating activities(682,896)(54,404)
Cash flows from investing activities:  
Software development costs0(114,598)
Proceeds from sale of software product line975,0000
Other investing activities, net7,170(9,457)
Net cash provided (used) by investing activities982,170(124,055)
Cash flows from financing activities:  
Contributed capital22,75282,500
Payments made on term debt(38,324)(32,986)
Net cash (used) provided by financing activities(15,572)49,514
Net increase (decrease) in cash and cash equivalents283,702(128,945)
Cash and cash equivalents, Beginning balance22,027138,539
Cash and cash equivalents, Ending balance305,7299,594
Reconciliation of net income (loss) to cash flows from operating activities:  
Net income (loss)969,996(454,777)
Adjustments to reconcile net income (loss) to net cash used by operating activities:  
Software development costs amortized62,135167,359
Depreciation & amortization44,25765,843
Bad debts provision(17,491)0
Stock and warrants issued for services7,24816,331
(Gain) on sale of property and equipment(2,134)(685)
(Gain) on debt settlement(558,409)0
(Gain) on sale of software product line(972,082)0
Loss on impairment expense217,9720
Change in assets and liabilities:  
Decrease in accounts receivable22,68851,274
Decrease in inventories58,70438,926
Decrease in other current assets17,34816,217
(Decrease) increase in accrued royalties(150,850)89,537
(Decrease) increase in accounts payable(301,714)49,414
(Decrease) in other liabilities(80,564)(93,843)
Net cash (used) by operating activities$ (682,896)$ (54,404)