|
CE SOFTWARE, INC. |
||
|
2003 |
2002 |
|
| Cash flows from operating activities: |
|
|
| Net loss |
$ (239,715) |
$ (221,036) |
| Adjustments to reconcile net loss to | ||
| net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Property, fixtures, and equipment |
77,900 |
91,685 |
| Purchased software |
58,273 |
68,689 |
| Gain on sale of land, building and equipment |
(131,798) |
(80) |
| Loss on sale of investments |
- |
67 |
| Decrease (increase) in trade accounts receivable |
105,072 |
(48,257) |
| Decrease in inventories |
13,589 |
28,759 |
| Decrease (increase) in other assets |
38,114 |
(33,686) |
| Decrease in accounts payable |
(45,575) |
(54,198) |
| Decrease in accrued expenses |
(39,458) |
(55,268) |
| Increase in deferred revenue |
3,859 |
2,076 |
| Net cash used in operating activities |
(159,739) |
(221,249) |
| Cash flows from investing activities: | ||
| Purchase of fixtures and equipment |
(3,703) |
(3,040) |
| Proceeds from sale of land, building and equipment |
1,000,000 |
80 |
| Proceeds from sale of investments |
- |
98 |
| Redemption of common stock |
(1,671) |
(48) |
| Net cash used in investing activities |
994,626 |
(2,910) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt |
- |
500,000 |
| Payments of long-term debt |
(474,649) |
(157,629) |
| Net cash (used in) provided by financing activities |
(474,649) |
342,371 |
| Net increase in cash and cash equivalents |
360,238 |
118,212 |
| Cash and cash equivalents at beginning of period |
180,899 |
62,687 |
| Cash and cash equivalents at end of period |
$ 541,137 |
$ 180,899 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for interest |
$ 63,691 |
$ 35,148 |
Balance Sheets Statements of Operations Statements of Stockholders' Equity Statement of Cash Flow