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In the opinion of management, these interim financial statements contain all adjustments, consisting of normal, recurring adjustments, necessary for a fair presentation of the financial position of Asure Software, Inc. (&#8220;Asure&#8221; or the &#8220;Company&#8221;) as of March 31, 2011 and December&#160;31, 2010, the results of operations for the three months ended March 31, 2011 and 2010, and the cash flows for the three months ended March 31, 2011 and 2010. These condensed consolidated financial statements should be read in conjunction with the Company&#8217;s audited consolidated financial statements and notes thereto filed with the Securities and Exchange Commission in the Company&#8217;s annual report on Form&#160;10-K for the fiscal year ended December&#160;31, 2010.&#160; The results for the interim periods are not necessarily indicative of results for a full fiscal year.</font></div><br/><div style="TEXT-ALIGN: justify; TEXT-INDENT: 54pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Effective on December&#160;28, 2009, we implemented a reverse stock split approved by Asure&#8217;s stockholders at the December 17, 2009 Annual Meeting.&#160;&#160;Pursuant to the reverse stock split, every ten shares of issued and outstanding common stock of Asure, $.01 par value per share were automatically converted to one issued and outstanding share of common stock without any change in the par value of such shares. Historical share data presented in these consolidated financial statements and notes thereto have been restated to reflect this reverse stock split.</font></div><br/><div style="TEXT-ALIGN: justify; TEXT-INDENT: 54pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As of March 31, 2011, Asure&#8217;s principal source of liquidity consisted of $1,375 of current cash and cash equivalents as well as future cash generated from operations. &#160;The increase of cash and cash equivalents of $305 for the three months ended March 31, 2011 is due primarily to cash generated from operations.&#160;&#160;The Company believes that it has and/or will generate sufficient cash for its short and long term needs. 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