XML 32 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 77,578 $ 75,956
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 113,911 70,553
Deferred income taxes (57,481) 29,293
Deferred rent (629) 285
Stock-based compensation 63,938 77,261
Unrealized loss on marketable securities 4,432 66,967
Tax benefit from stock option plans (596) 0
Loss on retirement of fixed assets 97 259
Changes in operating assets and liabilities:    
Accounts receivable 402,677 699,000
Other current assets (195,087) (179,413)
Prepaid and other assets (16,424) (16,981)
Deferred revenue 280,426 211,742
Accounts payable (10,844) 74,081
Accrued expenses 137,341 (137,630)
Net cash provided by operating activities 799,339 971,373
Cash flows from investing activities:    
Purchase of property and equipment (58,536) (95,839)
Net cash used in investing activities (58,536) (95,839)
Cash flows from financing activities:    
Proceeds from exercise of stock options 596 0
Net cash provided by financing activities 596 0
Net increase in cash and cash equivalents 741,399 875,534
Cash and cash equivalents at beginning of period 6,649,432 6,422,458
Cash and cash equivalents at end of period $ 7,390,831 $ 7,297,992