Quarterly report pursuant to sections 13 or 15(d)

Statements of Cash Flows

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Statements of Cash Flows (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income for the period $ 151,165 $ 103,797
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 14,293 10,159
Amortization expense 389,499 397,226
Amortization of debt discount 52,158 52,158
Deferred income tax provision    48,763
Share-based compensation 53,688 1,451
Changes in operating assets and liabilities:    
Increase in restricted cash (9,039) (5,145)
(Increase) decrease in accounts receivable (51,081) 31,325
Decrease (increase) in other current assets 13,284 (6,264)
Increase in inventory (36,929) (111,779)
(Increase) decrease in prepaid expenses (94,198) 10,841
(Increase) in other long-term assets (18,794)   
Increase (decrease) in accounts payable 50,547 (23,048)
Increase (decrease) in accrued expenses 7,359 (57,824)
Increase in income taxes payable 92,468   
Increase in deferred revenue 27,933 4,023
Increase in jackpot liabilities 10,590 13,772
Net cash provided by operating activities 652,943 469,455
Cash flows from investing activities:    
Acquisition of property and equipment (10,619) (2,791)
Payments received on note receivable    4,177
Net cash (used in) provided by investing activities (10,619) 1,386
Cash flows from financing activities:    
Principal payments on notes payable (722,572) (571,048)
Net cash used in financing activities (722,572) (571,048)
Effect of exchange rate changes on cash 4,646 (7,474)
Net decrease in cash and cash equivalents (75,602) (107,681)
Cash and cash equivalents beginning of period 438,502 398,424
Cash and cash equivalents end of period 362,900 290,743
Supplemental cash flow information:    
Cash paid for interest 283,237 257,017
Inventory transferred to leased assets 36,550 13,231
Cash paid for income taxes      
Supplemental non-cash financing activities information:    
Effect of exchange rate on note payable in foreign currency $ 74,935 $ 596,748