|
Statements of Cash Flows (Unaudited) (USD $)
|
6 Months Ended |
|
Jun. 30, 2012
|
Jun. 30, 2011
|
| Cash Flows from Operating Activities |
|
|
| Net (Loss) |
$ (409,232) |
$ (525,127) |
| cash provided from operating activities: |
|
|
| Depreciation and amortization |
4,896 |
4,372 |
| Common stock for services |
10,000 |
|
| Amortization of prepaid consulting |
17,500 |
116,687 |
| Beneficial conversion feature, net of conversion |
32,011 |
|
| Original issue discount, net of conversion |
7,484 |
|
| Changes in assets and liabilities |
|
|
| Accounts receivable |
42,802 |
42,504 |
| Prepaid expenses |
(1,215) |
(8,840) |
| Other assets |
|
(1,690) |
| Accounts payable |
53,978 |
58,866 |
| Accrued expenses and other liabilities |
35,874 |
(2,405) |
| Deferred revenue |
|
(2,500) |
| Net Cash (Used in) Operating Activities |
(187,891) |
(318,133) |
| Cash Flows from Investing Activities |
|
|
| Loss on disposal of equipment |
(257) |
- |
| Investment in software development |
|
(19,350) |
| Purchase of property and equipment |
|
(10,231) |
| Net Cash (Used In) Investing Activities |
(257) |
(29,581) |
| Cash Flows from Financing Activities |
|
|
| Proceeds from line of credit |
5,218 |
3,480 |
| Payments made on line of credit |
(1,385) |
|
| Proceeds from accounts receivable financing |
218,839 |
|
| Payments on accounts receivable financing |
(242,602) |
|
| Proceeds from related party debt |
158,765 |
|
| Payments on related party debt |
(38,500) |
|
| Proceeds from convertible notes |
75,000 |
|
| Proceeds from note payable |
10,000 |
|
| Proceeds from note payable - shareholder |
50,000 |
25,000 |
| Net proceeds from insurance financing |
1,877 |
1,770 |
| Proceeds from issuance of stock |
|
255,000 |
| Net Cash Provided by Financing Activities |
237,212 |
285,250 |
| Net Change in Cash and Cash Equivalents |
49,064 |
(62,464) |
| Cash and Cash Equivalents at Beginning of period |
988 |
70,326 |
| Cash and Cash Equivalents at End of Period |
$ 50,052 |
$ 7,862 |