v2.4.0.6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Jun. 30, 2012	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 186,801	$ (172,641)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities:
Depreciation and amortization	2,024	2,024
Changes in Operating Assets and Liabilities:
Decrease (increase) in accounts receivable	50,623	(80,247)
(Increase) decrease in advances to suppliers	(19,046)	249,213
Increase in other current assets	0	(10,309)
Deferred taxes	(20,608)	0
Increase (decrease) in accounts payable and accrued expenses	200,651	(52,374)
Increase (decrease) in deferred revenue	40,524	(488,770)
Net cash provided by (used in) operating activities	440,969	(553,104)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(7,998)	(1,959)
Net cash used in investing activities	(7,998)	(1,959)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on revolving line of credit	14,700	0
Proceeds from issuance of convertible notes payable	0	562,500
Repayment of employee notes	(42,790)	0
Dividends	0	(122,654)
Net cash (used in) provided by financing activities	(28,090)	439,846
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	404,881	(115,217)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	721,669	412,868
CASH AND CASH EQUIVALENTS AT END OF PERIOD	1,126,550	297,651
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	6,612	0
Cash paid for taxes	0	0
NON-CASH INVESTING AND FINANCING ACTIVITY
Issuance of common stock upon conversion of convertible debt	490,500	0
Software development costs in accrued expenses	$ 28,912	$ 0

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