PSM Holdings, Inc. (fka PSMH)

[Royal]

PSMH Operating Activities Net cash used in operating activities for the nine months ended March 31, 2012 was $1,239,814 and resulted primarily due to an increase in accounts receivable of $421,508 , an increase in prepaid expenses of $236,253 , a decrease in other current assets of $19,556 , an increase in accounts payable of $345,464 and an increase in accrued liabilities of $710,893 . We recorded a net loss of $3,059,459 for the nine months ended Mar