|
CE SOFTWARE, INC. |
||
|
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 |
| 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