XML 25 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities:  
Net (loss) income$ (279,721)$ (302,093)
Depreciation and Amortization(223,965)(194,113)
Bad debt expense42,597 
Stock compensation expense252,767143,210
Stock issued for litigation settlement 375,000
Decrease (increase) in:  
Trade receivables460,282(60,211)
Prepaids and other assets35,184(37,490)
(Decrease) increase in:  
Accounts payable(302,994)38,438
Accrued liabilities(167,519)(264,577)
Deferred revenue(320,618)(42,900)
Net cash (used in) provided by operating activities(56,058)43,490
Cash Flows From Investing Activities:  
Purchase of property and equipment(20,072)(16,662)
Capitalization of software costs (89,428)
Net cash used in investing activities(20,072)(106,090)
Cash Flows From Financing Activities:  
Dividends paid (123,578)
Proceeds from issuance of note payable137,028 
Proceeds from exercise of warrants12,750 
Payments on notes payable and capital leases(1,695,533)(200,141)
Net cash (used in) financing activities(1,545,755)(323,719)
Net decrease in cash(1,621,885)(386,319)
Cash and cash equivalents at beginning of period2,618,2291,157,431
Cash and cash equivalents at end of period996,344771,112
Supplemental Disclosure of Cash Flow Information:  
Cash paid for income taxes  
Cash paid for interest133,350112,948
Supplemental Disclosure of Non-Cash Investing and Financing Activities:  
Common stock to pay accrued liabilities133,154212,872
Dividends accrued on preferred stock208,353207,096
Dividends paid with preferred stock$ 82,750$ 80,300