XML 42 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net loss $ (189,690) $ (124,033)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of conversion feature (9,951) (36,955)
Stock based compensation 52,918 40,625
Realized losses on available-for-sale securities 11,888 3,419
Changes in operating assets and liabilities:    
Other current assets (3,354) (4,792)
Accounts payable and accrued liabilities (7,730) 11,000
Income taxes payable 0 (682)
Net cash used in operating activities (145,919) (111,418)
Cash flows from investing activities:    
Purchases of available for sale securities (194,634) (1,478,303)
Proceeds received from sales of available-for-sale securities 102,893 240,633
Proceeds received from maturities of available-for-sale securities 723,000 1,306,510
Net cash provided by investing activities 631,259 68,840
Net increase (decrease) in cash and cash equivalents 485,340 (42,578)
Cash and cash equivalents at beginning of period 99,716 113,991
Cash and cash equivalents at end of period 585,056 71,413
Supplemental cash flow disclosure:    
Income taxes paid 0 2,800
Supplemental non-cash disclosure:    
Unrealized gain (loss) on available-for-sale securities $ 19,553 $ (4,663)