Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v2.4.0.8
Condensed Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net (Loss) $ (575,866) $ (495,185)
Adjustments to reconcile net (loss) to net cash provided from operating activities:    
Depreciation 3,134 4,287
Amortization of prepaid shares issued for services 29,750 14,833
Amortization of discounts 14,463 63,108
Loss on debt conversion 77,997   
Interest and default penalty of convertible note    24,063
Officer Contributed Salaries 608   
Options issued for services 59,810 11,417
Investor relation expense for warrant term modifications    33,333
Gain on equipment sale 305   
Changes in assets and liabilities    
Accounts receivable 26,674 (65,264)
Prepaid (800) 5,439
Other Assets 490 3,000
Accounts payable 11,525 75,510
Accounts payable - related party    (6,158)
Accrued expenses (54,580) 222,076
Accrued interest 40,261 3,625
Deferred revenue (15,551) 32,779
Net Cash (Used in) Operating Activities (272,578) (138,695)
Cash Flows from Investing Activities    
Proceeds from sale of property and equipment 225   
Net Cash (Used In) Investing Activities 225   
Proceeds from line of credit facility 41,469 32,302
Payments made on line of credit facility (41,037) (28,380)
Insurance premium repayments    (4,612)
Repayment for checks written in excess of cash balances    (3,880)
Proceeds from factor, net of repayments 50,000 54,484
Proceed from (repayment to) notes third party (5,475) 45,000
Proceeds from Sale of Common Stock and Warrants 210,000   
Repayment of convertible notes, stockholders    (14,017)
Proceeds from notes payable related parties 20,324 98,959
Repayments from notes payable related parties    (39,388)
Net Cash Provided by Financing Activities 275,281 139,468
Net Change in Cash and Cash Equivalents 2,928 733
Cash and Cash Equivalents at Beginning of period 166   
Cash and Cash Equivalents at End of Period 3,094 733
Suplemental disclosure of non-cash and cash investing and financing activities:    
Cash paid for interest 103,285 49,798
Cash paid for taxes      
Conversion of convertible notes and accrued interest    106,563
Reclassification of accounts payable to notes payable, related party 20,000   
Conversion of accounts payable to common stock 6,800   
Conversion of note payable $ 100,000   
Warrants issued on note modificaiton 11,900   
Original issue discount in note modificaiton 14,932   
Common stock issued for prepaid services    59,500