Citadel EFT, Inc. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - January 14, 2013



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10-K - ANNUAL REPORT - Citadel EFT, Inc.cita01131310k.htm
v2.4.0.6
Statements of Cash Flows (USD $)
12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net (loss) income $ (1,894,240) $ (24,456,706)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Share-based compensation 1,903,850 24,460,600
Changes in assets and liabilities:    
Accounts receivable 4,244 (6,352)
Prepaid expenses      
Income tax receivable 4,510 (7,713)
Income tax liability    (62,230)
Accounts payable and accrued liabilities 130,175 14,125
Net cash provided by (used in) operating activities 148,539 (58,276)
Cash flows from financing activities:    
Dividend payment on preferred stock (160,000)   
Net cash used in financing activities (160,000)   
Change in cash and equivalents (11,461) (58,276)
Cash and cash equivalents, beginning of period 54,332 112,608
Cash and cash equivalents, end of period 42,871 54,332
Supplemental Disclosures:    
Cash paid for interest      
Cash paid for taxes    $ 72,933

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