v2.3.0.11

COMCAM INTERNATIONAL INC UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Net Cash Provided by (Used in) Operating Activities:
Net Income (Loss)	$ (999,580)	$ (1,061,667)
Adjustments to Reconcile Income (Loss) to Net Cash Provided by (Used in) Continuing Operations
Stock, options and warrants compensation expense	603,730	375,000
Amortization of conversion rights on debt	1,110	0
Depreciation and amortization	121,571	210,925
Loss on disposal of assets	0	10,449
Accounts receivable	68,947	296,642
Prepaid expenses	1,916	27
Costs and estimated earnings in excess of billings on uncompleted contracts	(40,841)	(27,093)
Other assets	(150,260)	(14,303)
Accounts payable	190,306	(192,183)
Accrued expenses	119,511	81,253
Billings in excess of costs and estimated earnings on uncompleted contracts	(251,474)	(61,296)
Net cash provided by operating activities	(335,064)	(382,246)
Net Cash Provided by (Used in) investing Activities:
Payments received on note receivable	0	36,667
Purchase on intangible assets	(42,734)	0
Purchase of property and equipment	(329)	(49,362)
Net cash provided by investing activities	(43,063)	(12,695)
Net Cash Provided by (Used in) financing Activities:
Payments on related party payable	0	(36,667)
Payments on long-term debt	(415,000)	(138,730)
Proceeds from line of credit	50,000	0
Proceeds from issuance of debt	450,000	0
Proceeds from issuance of common stock	334,250	674,500
Net cash provided by financing activities	419,250	499,103
Increase in cash and cash equivalents	41,123	104,162
CASH - BEGINNING OF PERIOD	517,493	217,783
CASH - END OF PERIOD	$ 558,616	$ 321,945

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