XML 19 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES    
Net loss $ (1,656,782) $ (1,384,719)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 882,236 855,512
Bad debt expense 108,306 $ 33,030
Issuance of capital stock as compensation 3,700
Stock-based compensation expense 299,480 $ 67,449
Changes in assets and liabilities:    
Accounts receivable (121,677) 100,238
Prepaid expenses (33,300) (6,968)
Other current assets (6,347) 264,663
Deposits 302 1,689
Accounts payable and amounts due to related parties 1,098,850 1,008,770
Deferred revenue 47,810 15,707
Net cash provided by operating activities 622,578 955,371
INVESTING ACTIVITIES    
Purchase of fixed assets (116,159) (125,767)
Capitalized application software (677,638) (832,450)
Net cash used in investing activities (793,797) (958,217)
Net decrease in cash (171,219) (2,846)
Cash, beginning of year 423,053 425,899
Cash, end of year $ 251,834 $ 423,053
See supplementary information (note 11)