Worldgate Communications, Inc. (WGAT) Cash Flow Statement

Net loss	-4.47M
Depreciation and amortization	276K
Amortization of debt issuance costs	1.13M
Fair value of warrants recorded as a sales discount	96K
Inventory reserve	0
Stock based compensation	912K
Bad debt expense, net of recoveries	-72K
Accounts receivable - trade, other and related party	138K
Inventory	147K
Prepaid and other current assets	-16K
Accounts payable	3.19M
Accounts payable - related parties	-228K
Accrued expenses	1.78M
Accrued compensation and benefits	-182K
Warranty reserve	0
Deferred revenue	-2.21M
Deferred rent	76K
Net cash provided by (used in) operating activities	567K
Capital expenditures	-6K
Net cash used in investing activities	-6K
Proceeds from issuance of common stock	28K
Net payments/proceeds from revolving loan with related party	1.49M
Net proceeds from notes	64K
Net cash (used in) provided by financing activities	-1.42M
Net (decrease) increase in cash and cash equivalents	-858K
Cash and cash equivalents, beginning of period	878K
Cash and cash equivalents, end of period	20K
Issuance of warrants to WGI (see Note 4)	0
Interest	38K

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