Annual report pursuant to section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,747,014) $ (1,575,208)
Depreciation and amortization 264,112 259,975
Non-cash interest expense associated with convertible debt and warrants 3,291,466 489,594
Stock based compensation expense 173,073 16,942
Non-cash issuance of common stock for services 227,712 124,766
Provision for uncollectible accounts (293,876) (81,026)
Loss on disposal of property and equipment 0 36,040
Changes in assets and liabilities:    
Accounts receivable 888,754 292,902
Prepaid expenses and other current assets (14,512) 60,709
Deposits and other assets 10,144 (4,700)
Accounts payable (493,310) 416,455
Accrued liabilities (111,558) (7,465)
Net cash provided by (used in) operating activities (1,805,009) 28,984
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for intangible assets (91,483) (482,413)
Purchases of property and equipment (49,995) (48,264)
Net cash used in investing activities (141,478) (530,677)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on notes payable 0 (1,000,000)
Principal repayments on capital lease obligations 0 (36,992)
Issuance of common stock for cash 152,160 2,350,000
Proceeds from issuance of convertible debt and warrants 1,250,000 250,000
Net cash provided by financing activities 1,402,160 1,563,008
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (544,327) 1,061,315
CASH AND CASH EQUIVALENTS, beginning of period 1,305,785 244,470
CASH AND CASH EQUIVALENTS, end of period 761,458 1,305,785
Noncash financing and investing activities:    
Issuance of common stock in connection with the acquisition of LiveOpenly 0 420,000
Issuance of common stock for intangibles 994,000 0
Conversion of notes payable and accrued interest into common stock 1,251,000 258,944
Accrued and unpaid dividends 1,918 1,918
Interest paid $ 150 $ 97,895