NOTE B - MANAGEMENT'S PLANS	12 Months Ended
Dec. 31, 2019
Notes
NOTE B - MANAGEMENT'S PLANS	NOTE B — MANAGEMENT’S PLANS On August 27, 2014, FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s ability to Continue as a Going Concern, which requires management to assess a company’s ability to continue as a going concern within one year from financial statement issuance and to provide related footnote disclosures in certain circumstances. The Company has historically experienced significant operating losses with cumulative losses from inception of approximately $10 million. These losses have resulted in a negative working capital position of approximately $455,000 at December 31, 2019, of which approximately $314,000 of the Company’s current liabilities is owed to its officers and directors, and approximately $509,000 of the Company’s current liabilities is deferred revenue. The Company’s officers and directors, who are also major shareholders, have agreed to not seek payment of any of the amounts owed to them if such payment would jeopardize the Company’s ability to continue as a going concern. The deferred revenue represents advance payments for services from the Company’s customers which will be satisfied by its delivery of services in the normal course of business and will not require settlement in cash. The Company started a number of initiatives in 2017 which included revenue enhancement initiatives, cost saving initiatives, the sale of excess assets and an orderly exit from the CLEC business. The Company was successful with its revenue enhancement and cost saving initiatives and in selling certain excess assets in the third quarter of 2018 and the first quarter of 2019, as well as effecting an orderly exit from the CLEC business through the sale of substantially all of its wholly owned subsidiary’s CLEC operating assets (see Note I – Discontinued Operations). As a result of these initiatives, the Company generated positive cash flow from its operating activities of approximately $428,000 and $186,000 for the years ended December 31, 2019 and 2018, respectively. In addition, the Company was able to generate net income from continuing operations of approximately $318,000 for the year ended December 31, 2019, compared to a net income of approximately $100,000 for the year ended December 31, 2018. Management expects that the success of these initiatives will provide the Company with sufficient liquidity for it to operate for the next 12 months.

NOTE B - MANAGEMENT'S PLANS

12 Months Ended

Dec. 31, 2019

NOTE B — MANAGEMENT’S PLANS On August 27, 2014, FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s ability to Continue as a Going Concern, which requires management to assess a company’s ability to continue as a going concern within one year from financial statement issuance and to provide related footnote disclosures in certain circumstances. The Company has historically experienced significant operating losses with cumulative losses from inception of approximately $10 million. These losses have resulted in a negative working capital position of approximately $455,000 at December 31, 2019, of which approximately $314,000 of the Company’s current liabilities is owed to its officers and directors, and approximately $509,000 of the Company’s current liabilities is deferred revenue. The Company’s officers and directors, who are also major shareholders, have agreed to not seek payment of any of the amounts owed to them if such payment would jeopardize the Company’s ability to continue as a going concern. The deferred revenue represents advance payments for services from the Company’s customers which will be satisfied by its delivery of services in the normal course of business and will not require settlement in cash. The Company started a number of initiatives in 2017 which included revenue enhancement initiatives, cost saving initiatives, the sale of excess assets and an orderly exit from the CLEC business. The Company was successful with its revenue enhancement and cost saving initiatives and in selling certain excess assets in the third quarter of 2018 and the first quarter of 2019, as well as effecting an orderly exit from the CLEC business through the sale of substantially all of its wholly owned subsidiary’s CLEC operating assets (see Note I – Discontinued Operations). As a result of these initiatives, the Company generated positive cash flow from its operating activities of approximately $428,000 and $186,000 for the years ended December 31, 2019 and 2018, respectively. In addition, the Company was able to generate net income from continuing operations of approximately $318,000 for the year ended December 31, 2019, compared to a net income of approximately $100,000 for the year ended December 31, 2018. Management expects that the success of these initiatives will provide the Company with sufficient liquidity for it to operate for the next 12 months.