XML 29 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flow (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES    
Net income (loss) $ (683,639) $ (519,153)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization    1,073
Stock-based compensation 210,716 214,563
Changes in operating assets and liabilities:    
(Increase)/decrease in accounts receivable 28,608 51,741
(Increase)/decrease in prepaid expenses (60,000)   
Increase/(decrease) in accounts payable 94,409 56,840
Increase/(decrease) in accrued liabilities 37,313 112,390
Net cash provided by (used in) operating activities (372,593) (82,546)
INVESTING ACTIVITIES    
INVESTING ACTIVITIES      
FINANCING ACTIVITIES    
Repayment on bank loan (13,795) (23,023)
(Increase)/decrease of stock subscription receivable 25,000 (25,000)
Proceeds from related party 5,500 7,500
Proceeds from officer loan and notes payable 144,800 24,000
Payments on preferred stock dividends      
Proceeds from sale of common stock 205,000 102,875
Net cash provided by (used in) financing activities 366,505 86,352
INCREASE (DECREASE) IN CASH (6,088) 3,806
CASH AT BEGINNING OF PERIOD 6,615 2,809
CASH AT END OF PERIOD 527 6,615
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION:    
Conversion of bank line of credit into loan      
SUPPLEMENTAL INFORMATION:    
Cash paid for income taxes      
Cash paid for interest $ 66,900 $ 29,361