INTERNET CORPORATION
FOR ASSIGNED NAMES AND NUMBERS
Statements of Cash Flows
June 30, 2002 and 2001
|
|
|
|
|
|
2002 |
2001 |
Cash flows from operating activities: |
|
|
|
|
Change in net assets |
$ |
73,318 |
1,589,242 |
|
Adjustments to reconcile change in net assets to net
cash provided by operating activities: |
|
|
|
|
|
Depreciation |
|
141,468 |
105,059 |
|
|
Loss on disposal of property and equipment |
|
5,954 |
— |
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
Accounts receivable |
|
637,075 |
(812,351) |
|
|
|
Grants and contributions receivable |
|
— |
100,000 |
|
|
|
Other assets |
|
26,273 |
(26,762) |
|
|
|
Accounts payable and accrued liabilities |
|
(76,065) |
340,308 |
|
|
|
Deferred revenue |
|
71,938 |
208,845 |
|
|
|
|
Net cash provided by operating activities |
|
879,961 |
1,504,341 |
Cash flows from investing activities: |
|
|
|
|
Purchases of property and equipment |
|
(42,316) |
(303,419) |
|
Proceeds from sales of property and equipment |
|
510 |
— |
|
|
|
|
Net cash used in investing activities |
|
(41,806) |
(303,419) |
Cash flows from financing activities: |
|
|
|
|
Proceeds from issuance of loan payable |
|
— |
43,700 |
|
Principal payments on loan payable |
|
(19,009) |
— |
|
Principal payments on notes payable |
|
(875,000) |
(150,000) |
|
|
|
|
Net cash used in financing activities |
|
(894,009) |
(106,300) |
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
|
(55,854) |
1,094,622 |
Cash and cash equivalents, beginning of year |
|
1,874,952 |
780,330 |
Cash and cash equivalents, end of year |
$ |
1,819,098 |
1,874,952 |
Supplemental disclosure of investing and financing
activities: |
|
|
|
|
Cash paid during the year for interest |
$ |
61,481 |
78,687 |
See accompanying notes to financial statements. |
|
|
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Page Updated
27-Dec-2002
©2002 The Internet Corporation for Assigned
Names and Numbers. All rights reserved.
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