Quarterly report pursuant to sections 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

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STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net loss $ (553,010) $ (1,342,395)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 63,939 48,583
Forfeited stock-based compensation (265,731) 45,901
(Increase) decrease in:    
Accounts receivable (170,168) 144,089
Prepaid expenses (17,144) (6,161)
Increase in:    
Accounts payable (389,402) (79,812)
Accrued interest 324,253 318,098
Unearned revenue 1,240,153  
Accrued expenses and other current liabilities (88,863) 23,452
Net cash provided by (used in) operating activities 144,027 (848,245)
Cash flows from investing activities:    
Property and equipment (3,211) (2,315)
Intangible assets (45,485) (93,259)
Net cash used in investing activities (48,696) (95,574)
Cash flows from financing activities:    
Proceeds from stock issuance 0 28,000
Decrease in notes payable - officer (24,000) (12,000)
Net cash provided by financing activities (24,000) 16,000
Net increase (decrease) in cash and cash equivalents 71,330 (927,819)
Cash and cash equivalents at beginning of period 80,502 949,367
Cash and cash equivalents at end of period 151,833 21,548
Cash paid for:    
Interest 10,122 10,027
Income taxes 0 0
Total 10,122 10,027
Non-cash disclosures of investing and financing activities:    
Forfeited stock-based compensation $ (265,731) $ 45,901