XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Statement of Cash Flows [Abstract]    
Net income $ 1,069,607 $ 905,632
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32,909 6,221
Excess tax benefits from share-based payment arrangements (35,201)   
Stock-based compensation 268,538 123,355
Stock options issued for interest expense      
Allowance for refunds and chargebacks 1,834 5,036
Deferred Income Taxes (2,136) (49,826)
Changes in assets and liabilities:    
Accounts receivable (33,926) 11,351
Inventory      
Other assets (40,051) 2,208
Deposits    39,405
Income taxes payable (380,840) 358,325
Accrued expenses and other (44,598) 1,305
Deferred revenue 15,634 38,267
Net cash provided by operating activities 851,770 1,441,279
Cash flows from investing activities:    
Purchases of property and equipment (24,206) (150,349)
Net cash used in by investing activities (24,206) (150,349)
Cash flows (used in) provided by financing activities:    
Dividend to shareholder (2,589,011)   
Proceeds from issuance of common stock 531,438 96,816
Excess tax benefits from share-based payment arrangements 35,201   
Net cash (used in) provided by financing activities (2,022,372) 96,816
Change in cash and cash equivalents (1,194,808) 1,387,746
Cash and cash equivalents, beginning of period 1,978,809 591,063
Cash and cash equivalents, end of period 784,001 1,978,809
Supplemental cash flow disclosures:    
Cash paid for income taxes $ 618,000 $ 359,362