Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income (loss) $ 116 $ (708)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 76 19
Amortization of debt discount 0 4
Share-based compensation 4 719
Common stock issued for services 0 5
Stock warrants issued in exchange for services 28 0
Changes in assets and liabilities:    
Accounts receivable 319 (283)
Prepaid expenses and other current assets (24) 75
Deposits and other assets 0 10
Accounts payable and accrued expenses (225) (84)
Accrued interest 1 3
Deferred revenue 176 194
Net cash provided by (used in) operating activities 471 (46)
Cash flows from investing activities:    
Acquisition of intangible assets 0 31
Purchase of property and equipment (22) (48)
Net cash used in investing activities (22) (79)
Cash flows from financing activities:    
Repayment of bank line of credit (179) 0
Principal payments under capital leases obligations (13) (9)
Net cash used in financing activities (192) (9)
Net increase (decrease) in cash and cash equivalents 257 (134)
Cash and cash equivalents – beginning of period 4 234
Cash and cash equivalents – end of period 261 100
Cash paid during period for:    
Interest expense 16 0
Income taxes $ 0 $ 0