CE SOFTWARE, INC.
Statement of Cash Flows
For the nine months ended June 30, 2003 and 2002
(Unaudited)
 

 

2003

2002

Cash flows from operating activities:

 

 

   Net loss

$ (352,658)

$ (222,749)

   Adjustments to reconcile net loss to
      net cash used in operating activities:
      Depreciation and amortization
         Property, fixtures, and equipment

60,313

69,430

         Purchased software

47,351

51,517

      Loss on sale of investments

-

67

      Decrease (increase) in trade accounts receivable

97,913

(98,913)

      (Increase) decrease in inventories

(217)

6,532

      Decrease (increase) in other current assets and other assets

867

(32,113)

      Increase (decrease) in accounts payable and accrued expenses

34,391

(25,155)

      (Decrease) increase in deferred revenue

   (3,341)

     4,476

         Net cash used in operating activities

(115,381)

(246,908)

Cash flows from investing activities:
   Proceeds from sale of investments

-

98

   Purchase of equipment

(3,703)

-

   Redemption of common stock

   (1,671)

      (42)

         Net cash used in investing activities

(5,374)

56

Cash flows from financing activities:
   Proceeds from issuance of long-term debt

-

500,000

   Payments of long-term debt

  (30,135)

 (144,955)

         Net cash (used in) provided by financing activities

  (30,135)

  355,045

         Net (decrease) increase in cash and cash equivalents

(150,890)

108,193

Cash and cash equivalents at beginning of period

 180,899

    62,687

Cash and cash equivalents at end of period

$ 30,009
======

$ 170,880
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Supplemental disclosures of cash flow information:
   Cash paid during the period for interest

$ 31,190
======

$ 23,635
======

Balance Sheets        Statements of Operations        Statement of Cash Flow