You're right (and I say so in the About section), it is based on the Sedona Method. I found the method to be quite tedious to do on paper and I couldn't focus long enough to do it in my head, which was the original reason I built the app.
However, the app works for people who don't know the method, haven't read the book, didn't watch the full DVD from 1992 and didn't attend the weeklong seminar. I think it could bring this to a much wider audience.
Thanks for the bug report, yes, there's a lot more I need to fix in it before hitting the big leagues.
I haven't considered open sourcing it because I want to make a living off it. But I will think about it. There's a more limited version, without narration or the deeper content, that I use for myself and I think I might open source that.