|
CE SOFTWARE, INC. |
||
|
2005 |
2004 |
|
| Cash flows from operating activities: |
|
|
| Net loss |
$ (160,129) |
$ (63,143) |
| Adjustments to reconcile net loss to | ||
| net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Fixtures, and equipment |
- |
9,021 |
| Purchased software |
- |
10,932 |
| Loss (gain) on sale of investments |
3,455 |
(603) |
| Gain on sale of assets (note 1) |
- |
(187,041) |
| Decrease in trade accounts receivable |
3,877 |
67,877 |
| Decrease in inventories |
- |
6,424 |
| Decrease in other current assets and other assets |
5,013 |
38,052 |
| (Decrease) increase in accounts payable and accrued expenses |
(26,230) |
5,385 |
| Decrease in deferred revenue |
- |
(2,400) |
| Net cash used in operating activities |
(174,014) |
(115,496) |
| Cash flows from investing activities: | ||
| Proceeds from sale of assets (note 1) |
- |
173,758 |
| Increase in contract receivable (note 2) |
- |
(43,758) |
| Purchase of investments |
- |
(270,014) |
| Proceeds from sale of investments |
14,725 |
252,437 |
| Proceeds from exercise of stock options |
- |
6,644 |
| Net cash provided by investing activities |
14,725 |
119,067 |
| Net (decrease) increase in cash and cash equivalents |
(159,289) |
3,571 |
| Cash and cash equivalents at beginning of period |
544,708 |
541,137 |
| Cash and cash equivalents at end of period |
$ 385,419 |
$ 544,708 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for interest |
$ - |
$ 194 |
| Taxes paid |
$ - |
$ 224 |
| Note 1: Sale of QuickMail software product in December 2003, and remaining software products and equipment in April 2004. | ||
| Note 2: Receivable on balance of pro forma contract sale of software products and equipment. | ||
Press Release Balance Sheets Statements of Operations Statements of Stockholders' Equity Statement of Cash Flow