XML 19 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period $ (647,615) $ (1,135,870)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60,100 16,258
Stock issued for services 83,992 201,140
Stock options issued for compensation 26,715 0
Amortization of debt discount 250,000 0
Changes in:    
Accounts receivable 85,900 13,790
Prepaid expenses (34,813) (10,816)
Accounts payable (1,648) 17,442
Accrued interest 30,000 0
Accrued expenses (5,000) (4,500)
Deferred revenue (73,110) 0
NET CASH (USED BY) OPERATING ACTIVITIES (225,479) (902,556)
CASH FLOWS FROM INVESTING ACTIVITIES:    
License fees 0 (40,000)
Website site development costs (82,850) (89,660)
NET CASH (USED BY) INVESTING ACTIVITIES (82,850) (129,660)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 0 8,750
Issuance of preferred stock 0 1,500,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 0 1,508,750
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (308,329) 476,534
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 1,278,094 656,394
CASH AND CASH EQUIVALENTS - END OF PERIOD 969,765 1,132,928
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 0 226
Cash paid for income taxes 0 0
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued to satisfy dividends related to preferred stock 250,000 0
Conversion of warrants to common stock 0 153,816
Common stock issued for settlement of equity issuance costs 115,000  
Payable issued for equity issuance costs $ 57,500