Annual report pursuant to section 13 and 15(d)

Statements of Cash Flows

v2.3.0.11
Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities    
Net (Loss) $ (893,923) $ (808,773)
Depreciation and amortization 165,416 156,309
Loss on sales of assets 395  
Bad debt expense   2,625
Common stock for services 100,000 527,313
Beneficial conversion feature 12,795  
Original issue discount 11,632  
Loss on sale of security   47,347
(Increase) decrease in:Accounts receivable (91,339) (60,709)
Net Cash (Used in) Operating Activities (637,499) (135,030)
Prepaid expenses (8,815) 67
Increase (decrease) in: Accounts payable 71,041 1,658
Accrued expenses and other liabilities (1,509) (2,180)
Deferred revenue (3,192) 1,313
Net Cash (Used In) Investing Activities (637,499) (135,030)
Cash Flows from Investing Activities    
Investment in software development (36,022)  
Purchase of property and equipment (19,318) (1,705)
Proceeds from sale of assets 3,400  
Proceeds from sale of investment   10,000
Net Cash (Used In) Investing Activities (51,940) 8,295
Proceeds from line of credit 18,705 19,000
Payments made on line of credit (19,700) (2,914)
Borrowings from note payable   7,559
Payments made on note payable   (7,631)
Net proceeds from insurance financing   (7,631)
Proceeds from accounts receivable financing 115,126  
Proceeds from related party debt 25,000  
Proceeds from convertible notes payable 250,000  
Proceeds from issuance of stock 230,000 160,000
Net Cash Provided by Financing Activities 620,101 176,014
Net Change in Cash and Cash Equivalents (69,338) 49,279
Cash and Cash Equivalents at Beginning of period 70,326 21,047
Cash and Cash Equivalents at End of period $ 988 $ 70,326