Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net loss $ (577,300)us-gaap_ProfitLoss $ (1,103,300)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for doubtful accounts receivable (17,100)us-gaap_ProvisionForDoubtfulAccounts (1,100)us-gaap_ProvisionForDoubtfulAccounts
Depreciation and amortization 146,600us-gaap_DepreciationDepletionAndAmortization [1] 93,100us-gaap_DepreciationDepletionAndAmortization [1]
Stock-based compensation expense 98,000us-gaap_ShareBasedCompensation 648,700us-gaap_ShareBasedCompensation
Gain on extinguishment of debt    (24,400)seer_GainsLossesOnExtinguishmentOfDebt1
Changes in operating assets and liabilities:    
Cash - restricted 66,000us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities   
Accounts receivable 921,700us-gaap_IncreaseDecreaseInAccountsReceivable (276,500)us-gaap_IncreaseDecreaseInAccountsReceivable
Costs in Excess of billings on uncompleted contracts (182,100)seer_CostsInExcessOfBillingsOnUncompletedContracts (23,500)seer_CostsInExcessOfBillingsOnUncompletedContracts
Prepaid expenses and other assets 59,000us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 82,000us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities (367,200)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (201,100)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Billings in excess of revenue on uncompleted contracts 135,000us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings 7,900us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings
Deferred revenue 465,400us-gaap_IncreaseDecreaseInDeferredRevenue 317,600us-gaap_IncreaseDecreaseInDeferredRevenue
Payroll taxes payable 5,700us-gaap_IncreaseDecreaseInAccruedTaxesPayable 34,200us-gaap_IncreaseDecreaseInAccruedTaxesPayable
Net cash provided by (used in) operating activities 753,700us-gaap_NetCashProvidedByUsedInOperatingActivities (446,400)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchase of property and equipment (169,800)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (784,900)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of intangible assets (17,300)us-gaap_PaymentsToAcquireIntangibleAssets (5,900)us-gaap_PaymentsToAcquireIntangibleAssets
Net cash used in investing activities (187,100)us-gaap_NetCashProvidedByUsedInInvestingActivities (790,800)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Payments of notes payments and capital lease obligations (121,900)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (96,800)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations
Payments of related party notes payable and accrued interest (12,000)us-gaap_RepaymentsOfRelatedPartyDebt   
Proceeds from excercise of warrants    305,000us-gaap_ProceedsFromWarrantExercises
Proceeds from the sale of common stock and warrants, net of expenses    776,000us-gaap_ProceedsFromIssuanceOfWarrants
Net cash provided by financing activities (133,900)us-gaap_NetCashProvidedByUsedInFinancingActivities 984,200us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash 432,700us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (253,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash at the beginning of year 229,200us-gaap_Cash 2,419,100us-gaap_Cash
Cash at the end of year 661,900us-gaap_Cash 2,166,100us-gaap_Cash
Supplemental disclosures of cash flow information:    
Cash paid for interest 54,100us-gaap_InterestPaid 45,300us-gaap_InterestPaid
Conversion of debt and accrued interest to equity 257,400seer_ConversionOfConvertibleNotePayable  
Financing of prepaid insurance premiums 273,900seer_FinancingOfPrepaidInsurancePremiums  
Capital lease additions $ 214,400seer_CapitalLeaseAdditions  
[1] Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles