v2.4.1.9

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash Flows Provided By (Used For) Operating Activities:
Net Income	$ 198,812us-gaap_NetIncomeLoss	$ 433,849us-gaap_NetIncomeLoss
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:
Depreciation	46,338us-gaap_Depreciation	81,829us-gaap_Depreciation
Amortization of Capitalized Software	372,638	372,638
Amortization of Customer Lists/Relationships		15,167
Amortization of Stock Based Compensation	93,213	107,017
Amortization of Deferred Financing Costs	8,527us-gaap_AmortizationOfFinancingCosts	7,585us-gaap_AmortizationOfFinancingCosts
Stock Based Compensation Provided for Services	55,333us-gaap_ShareBasedCompensation	12,083us-gaap_ShareBasedCompensation
(Increase) Decrease in:
Accounts Receivable	55,108	766,167
Prepaid Expenses	(252,195)	(131,548)
Other Assets		96,522
Increase (Decrease) in:
Accounts Payable	1,974	(105,626)
Accrued Liabilities	(596,040)	(781,179)
Deferred Charges	(14,709)	(11,372)
Unearned Revenue	(199,761)	(504,247)
Net Cash Provided By (Used For) Operating Activities	(230,762)	358,885
Cash Flows (Used For) Investing Activities:
Capitalized Expenditures	(1,000)	(7,895)
Net Cash (Used For) Investing Activities	(1,000)	(7,895)
Cash Flows (Used For) Financing Activities:
Capital Lease - Principal Payments	(29,428)	(28,206)
Net Cash (Used for) Financing Activities	(29,428)	(28,206)
Net (Decrease) Increase in Cash and Cash Equivalents	(261,190)	322,784
Cash and Cash Equivalents - Beginning of Periods	4,564,595	1,848,571
Cash and Cash Equivalents - End of Periods	4,303,405	2,171,355
Cash Paid During the Periods for:
Interest	43,746us-gaap_InterestPaidNet	44,968us-gaap_InterestPaidNet
Income Taxes	$ 102,263us-gaap_IncomeTaxesPaidNet	$ 3,688us-gaap_IncomeTaxesPaidNet

Amortization of stock based compensation expenses.

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The amount charged to expense for amortization of customer lists/relationships.

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Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense.

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For each income statement presented, the amount charged to expense for amortization of capitalized computer software costs.

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COVER ALL TECHNOLOGIES INC 10-Q