|
CE SOFTWARE, INC. |
||
|
2004 |
2003 |
|
| Cash flows from operating activities: |
|
|
| Net gain (loss) |
$ 25,663 |
$ (261,059) |
| Adjustments to reconcile net gain (loss) to | ||
| net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Property, fixtures, and equipment |
9,021 |
41,216 |
| Purchased software |
10,932 |
34,345 |
| Gain on product sale (note 1) |
(93,936) |
- |
| Decrease in trade accounts receivable |
16,649 |
90,426 |
| Decrease in inventories |
6,388 |
4,768 |
| Decrease in other current assets and other assets |
28,169 |
24,282 |
| Decrease in accounts payable and accrued expenses |
(13,542) |
(24,665) |
| (Decrease) increase in deferred revenue |
(2,400) |
133 |
| Net cash used in by operating activities |
(13,056) |
(90,554) |
| Cash flows from investing activities: | ||
| Purchase of equipment |
- |
(3,703) |
| Proceeds from product sale (note 1) |
110,000 |
- |
| Redemption of fractional shares |
- |
(1,671) |
| Net cash provided by (used in) investing activities |
110,000 |
(5,374) |
| Cash flows from investing activities: | ||
| Payments of long-term debt |
- |
(19,863) |
| Net cash used in financing activities |
- |
(19,863) |
| Net increase in cash and cash equivalents |
96,944 |
(115,791) |
| Cash and cash equivalents at beginning of period |
541,137 |
180,899 |
| Cash and cash equivalents at end of period |
$ 638,081 |
$ 65,108 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for interest |
$ 164 |
$ 20,937 |
| Note 1: Sale of QuickMail software product | ||
Balance Sheets Statements of Operations Statement of Cash Flow