|
CE SOFTWARE, INC. |
||
|
2003 |
2002 |
|
| Cash flows from operating activities: |
|
|
| Net loss |
$ (261,059) |
$ (194,445) |
| Adjustments to reconcile net loss to | ||
| net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Property, fixtures, and equipment |
41, 216 |
46,328 |
| Purchased software |
34,345 |
34,344 |
| Decrease (increase) in trade accounts receivable |
90,426 |
(51,165) |
| Decrease in inventories |
4,768 |
351 |
| Decrease (increase) in other current assets and other assets |
24,282 |
(337) |
| Decrease in accounts payable and accrued expenses |
(24,665) |
(81,387) |
| Increase in deferred revenue |
133 |
7,154 |
| Net cash used in operating activities |
(90,554) |
(239,157) |
| Cash flows from investing activities: | ||
| Purchase of equipment |
(3,703) |
- |
| Redemption of fractional shares |
(1,671) |
- |
| Net cash used in investing activities |
(5,374) |
- |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt |
- |
500,000 |
| Payments of long-term debt |
(19,863) |
(138,754) |
| Net cash (used in) provided by financing activities |
(19,863) |
361,246 |
| Net (decrease) increase in cash and cash equivalents |
(115,791) |
122,089 |
| Cash and cash equivalents at beginning of period |
180,899 |
62,687 |
| Cash and cash equivalents at end of period |
$ 65,108 |
$ 184,776 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for interest |
$ 20,937 |
$ 12,512 |