Annual report pursuant to Section 13 and 15(d)

12. Liquidity

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12. Liquidity
12 Months Ended
Dec. 31, 2011
Notes To Financial Statements  
Liquidity Disclosure [Policy Text Block]
12.  LIQUIDITY

At December 31, 2011, the Company had cash and cash equivalents of $1.6 million and a working capital deficit of $3.1 million, or $2.1 million excluding deferred revenue.  Despite this working capital deficit, the Company believes that its existing internal liquidity, supported by cash on hand and cash flows from operations should be adequate to fund normal business operations and address its financial commitments for at least the next 12 months, assuming no significant unforeseen expense or further revenue decline.  If the Company’s foregoing beliefs or assumptions prove to be incorrect, however, the Company’s business, results of operations and financial condition could be materially adversely affected.