Note 13 - Supplemental Disclosure of Cash Flow Information

3 Months Ended

Mar. 31, 2014

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

13. Supplemental Disclosure of Cash Flow Information

We did not disburse any cash for the payment of interest expense during the three-month periods ended March 31, 2014 or 2013. We did not disburse any cash for the payment of income taxes during the three-month period ended March 31, 2014. We disbursed $1,100 for the payment of income taxes during the three-month period ended March 31, 2013. Such disbursement was made for the payment of foreign income taxes related to the operation of our Israeli subsidiary, GraphOn Research Labs, Ltd.

During the three-month period ended March 31, 2014 we reduced our warrants liability by $1,183,500, which was recorded in the Condensed Consolidated Statement of Operations. Such reduction reflected the aggregate fair value adjustments we recorded during such period, which was partially offset by the recording of the fair value of warrants issued in conjunction with the 2014 transaction. No cash was disbursed in conjunction with these items (See Note 4).

During the three-month period ended March 31, 2014, we capitalized $103,400 of leasehold improvements for which no cash was disbursed. We recorded $81,600 of such amount to long-term liabilities – deferred rent, and $21,800 to current liabilities – deferred rent.