|
Year to Dec 2012
12 months to Dec 31, 2012
|
Year to Dec 2011
12 months to Dec 31, 2011
|
|
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Loss | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Stock issued for services | ||
| Bad debt expense | ||
| Change in operating assets and liabilities: | ||
| Accounts receivable | ||
| Accounts payable and accrued expenses | ||
| NET CASH USED IN OPERATING ACTIVITIES | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Transfer of cash in sale of subsidiary | ||
| NET CASH USED IN INVESTING ACTIVITIES | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from sales of stock, including stock subscription deposits | ||
| Payments on line-of-credit | ||
| Advances from shareholder | ||
| Payments to shareholder | ||
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | ||
| NET DECREASE IN CASH | ||
| CASH, BEGINING OF PERIOD | ||
| CASH, END OF PERIOD | ||
| NON-CASH TRANSACTIONS | ||
| Common stock issued for conversion of debt | ||
| Issuance of shares for subscription receivable | ||
| Gain on sale of subsidiary | ||
| SUPPLEMENTAL DISCLOSURES | ||
| Interest paid | ||
| Income taxes paid |
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