|
CE SOFTWARE, INC. |
||
|
2003 |
2002 |
|
| Cash flows from operating activities: |
|
|
| Net gain (loss) |
$ 99,355 |
$ (117,956) |
| Adjustments to reconcile net gain (loss) to | ||
| net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Property, fixtures, and equipment |
5,771 |
21,103 |
| Purchased software |
10,932 |
17,172 |
| Gain on product sale (note 1) |
(93,936) |
- |
| (Increase) decrease in trade accounts receivable |
(37,205) |
46,735 |
| Decrease in inventories |
7,533 |
10,939 |
| (Increase) decrease in other current assets and other assets |
(6,136) |
141 |
| Decrease (increase) in accounts payable and accrued expenses |
(9,287) |
40,056 |
| Decrease in deferred revenue |
(2,400) |
(2,400) |
| Net cash (used in) provided by operating activities |
(25,373) |
15,790 |
| Cash flows from investing and financing activities: | ||
| Purchase of equipment |
- |
(3,703) |
| Proceeds from product sale (note 1) |
110,000 |
- |
| Payments of long-term debt |
- |
(9,705) |
| Net cash provided by (used in) investing and financing activities |
110,000 |
(13,408) |
| Net increase in cash and cash equivalents |
84,627 |
2,382 |
| Cash and cash equivalents at beginning of period |
541,137 |
180,899 |
| Cash and cash equivalents at end of period |
$ 625,764 |
$ 183,281 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for interest |
$ 164 |
$ 10,694 |
| Note 1: Sale of QuickMail software product | ||
Balance Sheets Statements of Operations Statement of Cash Flow