XML 23 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net income $ 360,289 $ 143,896
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,998 1,559
Stock-based compensation 99,775  
Allowance for refunds and chargebacks 4,859 5,229
Deferred Income Taxes 5,859 10,404
Changes in assets and liabilities:    
Accounts receivable 3,877  
Other current assets (6,123) (69,400)
Deposits 39,405  
Income taxes payable (19,871) 58,975
Accrued expenses and other (146,607) 844
Deferred revenue 51,412 (34,324)
Net cash provided by operating activities 394,873 117,183
Cash flows from investing activities:    
Expenditures for intangible assets (100,000)  
Purchases of property and equipment (48,225) (3,164)
Net cash used in by investing activities (148,225) (3,164)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 96,816  
Short term loan to shareholder   (100,000)
Net cash provided by (used) in financing activities 96,816 (100,000)
Change in cash and cash equivalents 343,464 14,019
Cash and cash equivalents, beginning of period 591,063 122,664
Cash and cash equivalents, end of period 934,527 136,683
Supplemental cash flow disclosures:    
Cash paid for income taxes $ 309,362 $ 14,196