Democrasoft Holdings, Inc. (DEMO)

Democrasoft Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
Net Income	-3.41	-3.43	0.66	-1.08	3.44
Depreciation & Amortization	0.02	0.01	-	-	0.01
Loss (Gain) From Sale of Investments	-0.01	-0.02	0.02	0.04	-0.05
Stock-Based Compensation	0.18	0.02	0.01	-	0.38
Other Operating Activities	-0.01	-0	0.12	-0.01	0.03
Change in Accounts Payable	0.11	-0	0.05	-0.08	0.05
Change in Income Taxes	-	0.85	-0.12	-0.14	-0.06
Change in Other Net Operating Assets	-0.06	-0.04	-0.05	-0.03	-0.08
Operating Cash Flow	-3.18	-2.62	0.69	-1.3	3.71
Capital Expenditures	-	-0.05	-	-	-0.01
Sale of Property, Plant & Equipment	0	-	-	-	-
Investment in Securities	3.01	2.86	-5.28	0.2	1.46
Other Investing Activities	-	0.02	-0.01	-	-
Investing Cash Flow	3.01	2.83	-5.29	0.2	1.46
Issuance of Common Stock	0.05	-	0.03	0.04	-
Financing Cash Flow	0.05	-	0.03	0.04	-
Net Cash Flow	-0.12	0.21	-4.58	-1.06	5.17
Free Cash Flow	-3.18	-2.66	0.69	-1.3	3.7
Free Cash Flow Margin	-262.37%	-27527.20%	26.45%	-244.40%	37.03%
Free Cash Flow Per Share	-0.07	-0.06	0.02	-0.03	0.09
Cash Interest Paid	-	0.02	-	0	0.01
Cash Income Tax Paid	-	-0.82	0	0.02	0.19
Levered Free Cash Flow	-1.89	-1.35	-0.42	-0.71	5.83
Unlevered Free Cash Flow	-1.89	-1.34	-0.37	-0.71	5.84
Change in Net Working Capital	-0.06	-0.84	0.8	0	0.02

Source: S&P Global Market Intelligence. Standard template. Financial Sources.