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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: E'Lane who wrote (2996)	11/9/1999 2:02:00 PM
From: E'Lane	Read Replies (1) \| Respond to of 4443

The Ashton Technology Group, Inc. and Subsidiaries Consolidated Statements of Cash Flows (Unaudited) Six Months Ended September 30, ------------------------------ 1998 1999 ------------- ------------ Net loss................................................................... $ (9,042,909) $ (7,468,111) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization............................................. 281,983 508,676 Non-cash compensation charges............................................. 4,626,136 --- Common stock issued for consulting services............................... 289,062 285,208 Common stock issued in connection with termination agreement.............. --- 416,632 Changes in operating assets and liabilities Increase in accounts receivable and prepayments........................... (183,095) (1,143,180) Increase in notes receivable.............................................. (380,000) --- Decrease in stock subscriptions receivable................................ 245,000 --- Decrease in other assets.................................................. 6,456 99,164 (Decrease)/ increase in accounts payable and accrued expenses............. (1,517,330) 332,059 Increase in other liabilities............................................. 9,000 340,284 ----------- Net cash used in operating activities................................. (5,665,697) (6,629,268) ----------- CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of investments available for sale................................ --- (9,968,771) Purchase of fixed assets.................................................. (382,769) (1,460,312) Cash received from notes receivable....................................... 50,399 45,753