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b. Make a statement of cash flows for year end 2008

Assets 2008 2007 Current assets Cash and cash equivaients Accounts receivable, net Other curent assets 6,921,934 3,763,212 2.450.500 13,135,646 7,139,482 1,040,194 264,000 8,443,676 Total current assets Property and equipment, net Other assets 10,644,375 118,42I 23,898,442 2,356,428 34,500 10,834.604 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Deferred revenue Promissory note due to related party Short term debt obligations 582,011 1,229,987 2,000,000 2,119.238 5,931,236 354,029 3,001,938 1.076,077 4,432,04*4 Total current liabilities Preferred stock: Series A Preferred Stock, S.001 par value. Authorized, 7,305,609; outstanding, 7,305,609 at December 31, 2008 and 2007 Series B Preferred Stock, S.001 par value. Authorized, 4,374,135; outstanding, 4,374,135 at December 31, 2008 and 2007 Series C Preferred Stock, $.001 par value. Authorized, 1,701,108 and 2,592,163 at December 31, 2008 and 2007, respectively; outstanding, 1,620,102 at December 31,2008 and 2007 Series C-1 Preferred Stock, S.001 par value. Authorized, 2,401,977; outstanding, 2,401,977 at December 31 2008 Common stock: Common Stock, S.001 par value. Authorized, 32,000,000 and 30,000,000 at December 31,2008 and 2007, respectively; outstanding, 10,785,636 and 10,741,886 at December 31, 2008 and 2007, respectively Capital in excess of par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 14,555,247 3,411,959 17,967,206 23,898.442 6,563,247 (160,687) 6,402,560 10,834.604

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