XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (147,842) $ (331,389)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 14,138 10,360
Stock-based compensation 0 162,912
Amortization of debt discount 0 1,449
Changes in operating assets and liabilities:    
Increase in accounts payable 23,642 28,485
Increase in accrued liabilities 78,084 89,226
Net Cash Used by Operating Activities (31,978) (38,957)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Intellectual property development costs (18,076) (25,592)
Capitalized software development costs 0 (58,567)
Net Cash Used By Investing Activities (18,076) (84,159)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 50,000 105,000
Proceeds from related party notes payable 0 30,000
Repayment of related party notes payable 0 (3,500)
Net Cash Provided by Financing Activities 50,000 131,500
Net increase (decrease) in cash (54) 8,384
Cash at beginning of period 31,782 23,194
Cash at end of period 31,728 31,578
Cash Paid For:    
Interest 0 0
Income taxes 0 0
Non-Cash Investing and Financing Activities:    
Accrual for preferred stock dividends payable with preferred shares 57,334 67,907
Preferred stock issued to pay dividends 66,315 71,852
Debt discount in connection with related party notes payable $ 0 $ 13,170