|
CE SOFTWARE, INC. |
||
|
2004 |
2003 |
|
| Cash flows from operating activities: |
|
|
| Net loss |
$ (63,143) |
$ (239,715) |
| Adjustments to reconcile net loss to | ||
| net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Property, fixtures, and equipment |
9,021 |
77,900 |
| Purchased software |
10,932 |
58,273 |
| Gain on sale of investments |
(603) |
- |
| Gain on sale of assets (note 1) |
(187,041) |
(131,798) |
| Decrease in trade accounts receivable |
67,877 |
105,072 |
| Decrease in inventories |
6,424 |
13,589 |
| Decrease in other current assets and other assets |
38,052 |
38,114 |
| Increase (decrease) in accounts payable and accrued expenses |
5,385 |
(85,033) |
| (Decrease) increase in deferred revenue |
(2,400) |
3,859 |
| Net cash used in operating activities |
(115,496) |
(159,739) |
| Cash flows from investing activities: | ||
| Purchase of equipment |
- |
(3,703) |
| Proceeds from sale of assets (note 1) |
173,758 |
1,000,000 |
| Increase in contract receivable (note 2) |
(43,758) |
- |
| Purchase of investments |
(270,014) |
- |
| Proceeds from sale of investments |
252,437 |
- |
| Proceeds from exercise of stock options |
6,644 |
- |
| Redemption of fractional shares |
- |
(1,671) |
| Net cash provided by investing activities |
119,067 |
994,626 |
| Cash flows from financing activities: | ||
| Payments of long-term debt |
- |
(474,649) |
| Net cash used in financing activities |
- |
(474,649) |
| Net increase in cash and cash equivalents |
3,571 |
360,238 |
| Cash and cash equivalents at beginning of period |
541,137 |
180,899 |
| Cash and cash equivalents at end of period |
$ 544,708 |
$ 541,137 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for interest |
$ 194 |
$ 63,691 |
| Taxes paid |
$ 224 |
$ - |
| Note 1: Sale of real property in September 2003, QuickMail software product in December 2003, and remaining software products and equipment in April 2004. | ||
| Note 2: Receivable on sales of software products and equipment. | ||
Press Release Balance Sheets Statements of Operations Statements of Stockholders' Equity Statement of Cash Flow