Quarterly report pursuant to sections 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v2.4.0.8
CONDENSED STATEMENTS OF CASH FLOWS (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows from Operating Activities    
Net Loss $ (252,047) $ (149,399)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,429 1,429
Amortization of prepaids 14,875 2,458
Amortization of discounts 3,099 6,044
Amortization of beneficial conversion feature value    10,556
Amortization of warrant discounts    14,378
Other 608   
Options issued for services 38,010 3,250
Changes in operating assets and liabilities:    
Accounts receivable (27,894) (90,374)
Accounts payable (595) (4,897)
Accounts payable - related party    3,781
Accrued expenses 5,756 87,284
Accrued interest 17,510 5,663
Deferred revenue (8,705) 42,125
Net Cash Used In Operating Activities (207,954) (67,702)
Cash Flows from Financing Activities    
Proceeds from line of credit facility 39,847 35,385
Repayments of line of credit facility (39,979) (32,422)
Insurance premium repayments    (2,198)
Proceeds from factor, net of repayments    11,916
Repayment for checks written in excess of cash balances    (3,880)
Proceeds from Sale of Common Stock and Warrants 190,000   
Repayment to stockholder    (1,302)
Proceeds from note payable related parties 61,000 86,210
Repayments from note payable related parties (42,427) (24,383)
Net Cash Provided by Financing Activities 208,441 69,326
Net Change in Cash and Cash Equivalents 487 1,624
Cash and Cash Equivalents at Beginning of Period 166   
Cash and Cash Equivalents at End of period 653 1,624
Supplemental disclosure of cash flow information:    
Cash paid for interest 20,183 9,497
Cash paid for taxes      
Non-cash investing and financing Activity:    
Subscription Receivable $ 20,000