<SUBMISSION>
<ACCESSION-NUMBER>0000095047-02-000004
<TYPE>10QSB
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20020331
<FILING-DATE>20020513
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CYTATION CORP
<CIK>0000095047
<ASSIGNED-SIC>8200
<IRS-NUMBER>160961436
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10QSB
<ACT>34
<FILE-NUMBER>001-14800
<FILM-NUMBER>02643151
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>251 THAMES STREET
<CITY>BRISTOL
<STATE>RI
<ZIP>02809
<PHONE>401-254-8800
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>251 THAMES STREET
<CITY>BRISTOL
<STATE>RI
<ZIP>02809
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>CYTATION COM INC
<DATE-CHANGED>19990318
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>STYLEX HOMES INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>COLLEGELINK COM INCORP
<DATE-CHANGED>19991122
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>cyta10qsb.htm
<DESCRIPTION>CYTATION CORPORATION 10QSB
<TEXT>
<HTML>
<HEAD>
<TITLE>cyta10qsb</TITLE>
</HEAD>
<BODY LINK="#0000ff" VLINK="#800080">

<P ALIGN="CENTER">UNITED STATES</P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">Washington, D.C. 20549</P>
<P ALIGN="CENTER">FORM 10-QSB</P>
<P ALIGN="CENTER">Quarterly Report Pursuant to Section 13 or 15(d) of the<BR>
Securities Exchange Act of 1934</P>
<P ALIGN="CENTER">For the quarterly period ended March 31, 2002</P>
<P ALIGN="CENTER">Commission file Number 0 5388<BR>
</P>
<P ALIGN="CENTER">CYTATION CORPORATION</P>
<P ALIGN="CENTER">(Exact Name of Registrant as Specified in its Charter)</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH="561">
<TR><TD VALIGN="TOP" WIDTH="270">
<P ALIGN="CENTER">Delaware</TD>
<TD VALIGN="TOP" WIDTH="259">
<P ALIGN="CENTER">16-0961436</TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="270">
<P ALIGN="CENTER">(State or Other Jurisdiction of Incorporation)</TD>
<TD VALIGN="TOP" WIDTH="259">
<P ALIGN="CENTER">(I.R.S. Employer Identification Number)</TD>
</TR>
</TABLE>
</CENTER>

<P ALIGN="CENTER">251 Thames Street, Bristol, RI 02809<BR>
(Address of Principal Executive Offices) (Zip Code)</P>
<P ALIGN="CENTER">(401) 254-8800<BR>
(Registrant's Telephone Number, Including Area Code)</P>
<P ALIGN="JUSTIFY">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.</P>
<P ALIGN="CENTER">YES [X] NO [ ]</P>
<P ALIGN="JUSTIFY">Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practical date:</P>
<P ALIGN="JUSTIFY">Common Stock, $.001 Par Value - 37,361,857 shares as of March 31, 2002.</P>
<P ALIGN="CENTER">FORWARD-LOOKING INFORMATION</P>
<P ALIGN="left">THIS FORM 10-QSB AND OTHER STATEMENTS ISSUED OR MADE FROM TIME TO TIME BY CYTATION CORPORATION OR ITS REPRESENTATIVES CONTAIN STATEMENTS WHICH MAY CONSTITUTE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE SECURITIES ACT OF 1933 AND THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED BY THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FIFTEEN U.S.C.A. SECTIONS 77Z-2 AND 78U-5 (SUPP. 1996). THOSE STATEMENTS INCLUDE STATEMENTS REGARDING THE INTENT, BELIEF OR CURRENT EXPECTATIONS OF CYTATION CORPORATION AND MEMBERS OF ITS MANAGEMENT TEAM AS WELL AS THE ASSUMPTIONS ON WHICH SUCH STATEMENTS ARE BASED. PROSPECTIVE INVESTORS ARE CAUTIONED THAT ANY SUCH FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, AND THAT ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED BY SUCH FORWARD-LOOKING STATEMENTS. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE FORWARD-LOOKING STATEMENTS TO REFLECT CHANGED ASSUMPTIONS, THE OCCURRENCE OF UNANTICIPATED EVENTS OR CHANGES TO FUTURE OPERATING RESULTS OVER TIME. </P>
<B>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">PART 1 FINANCIAL INFORMATION</P>
<P>Item 1. Financial Statements.</P>
<FONT FACE="Times">
<P ALIGN="CENTER">Cytation Corporation (Formerly CollegeLink.com Incorporated)</P>
<P ALIGN="CENTER">CONTENTS</P>
</FONT><FONT FACE="Times" SIZE="2">
</FONT>
</B>
<P ALIGN="JUSTIFY"><FONT FACE="Times">
UNAUDITED FINANCIAL STATEMENTS</FONT></P>
<P ALIGN="JUSTIFY"><FONT FACE="Times">
&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE="2">
Balance Sheets as of&nbsp; March 31, 2002 and December 31, 2001</FONT></FONT></P>
<P ALIGN="JUSTIFY"><FONT FACE="Times" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statements of Operations - For the Three Months Ended March 31, 2002 and 2001</FONT></P>
<P ALIGN="JUSTIFY"><FONT SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statements of Cash Flows - For the Three Months Ended March 31, 2002 and 2001</FONT></P>
<B>
<HR>
<TABLE X:STR BORDER="0" CELLSPACING="0" CLASS="xl2330717" STYLE="border-collapse: collapse; table-layout: fixed" WIDTH="651">
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="7" HEIGHT="17" CLASS="xl2230717" STYLE="height: 12.75pt" WIDTH="619">
<P ALIGN="center">
<B>
<FONT size="2" FACE="Times New Roman">
Cytation Corporation (Formerly CollegeLink.com Incorporated)</FONT></B></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="7" HEIGHT="17" CLASS="xl2230717" STYLE="height: 12.75pt" WIDTH="619">
<P ALIGN="center">
<B>
<FONT size="2" FACE="Times New Roman">
Balance Sheets</FONT></B></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="7" HEIGHT="17" CLASS="xl4430717" STYLE="height: 12.75pt" WIDTH="619"><FONT size="2" FACE="Times New Roman">
&nbsp;</FONT></TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="7" HEIGHT="17" CLASS="xl4530717" STYLE="height: 12.75pt" WIDTH="619"><FONT size="2" FACE="Times New Roman">
&nbsp;</FONT></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="7" HEIGHT="17" CLASS="xl2230717" STYLE="height: 12.75pt" WIDTH="619">
<P ALIGN="center">
<B>
<FONT size="2" FACE="Times New Roman">
ASSETS</FONT></B></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2230717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2230717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl2830717" WIDTH="91">
<P ALIGN="center">
<B>
<FONT size="2" FACE="Times New Roman">
March 31,</FONT></B></P>
</TD>
<B>
<TD CLASS="xl3330717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl2830717" WIDTH="108">
<P ALIGN="center">
<B>
<FONT size="2" FACE="Times New Roman">
December 31,</FONT></B></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2230717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2230717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl2930717" WIDTH="91">
<P ALIGN="center">
<U>
<B>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></U></P>
</TD>
<B>
<TD CLASS="xl2230717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl2930717" WIDTH="108">
<P ALIGN="center">
<U>
<B>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2001&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></U></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl2530717" WIDTH="91">
<P ALIGN="center"><FONT size="2" FACE="Times New Roman">
<B>
(Unaudited)</B></FONT></P>
</TD>
<B>
<TD CLASS="xl2530717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl3630717" WIDTH="108">
<P ALIGN="center"><FONT size="2" FACE="Times New Roman">
<B>
(Audited)</B></FONT></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD HEIGHT="17" CLASS="xl2330717" COLSPAN="3" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
CURRENT ASSETS:</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl2330717" WIDTH="91"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl2430717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash</FONT></TD>
<TD CLASS="xl2730717" ALIGN="right" WIDTH="12"><FONT size="2" FACE="Times New Roman">
$</FONT></TD>
<TD CLASS="xl3130717" X:NUM="32185" WIDTH="91" ALIGN="right">
<P ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">
&nbsp; </FONT><FONT FACE="Times New Roman" SIZE="2">
32,185</FONT></P>
</TD>
<TD CLASS="xl3530717" X:STR="$" ALIGN="right" WIDTH="16"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT><FONT FACE="Times New Roman" SIZE="2">
$</FONT></TD>
<TD CLASS="xl3130717" X:NUM="79861" WIDTH="108">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
79,861</FONT></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash in escrow account</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl4030717" ALIGN="right" X:NUM="427502" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
427,502</FONT></P>
</TD>
<B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl4030717" ALIGN="right" X:NUM="424781" WIDTH="108">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
424,781</FONT></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes receivable, stockholders</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl4030717" ALIGN="right" X:NUM="21598" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
21,598</FONT></P>
</TD>
<B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl4030717" ALIGN="right" X:NUM="21598" WIDTH="108">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
21,598</FONT></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes receivable, others</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl4030717" ALIGN="right" X:NUM="180405" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
180,405</FONT></P>
</TD>
<B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl4030717" ALIGN="right" X:NUM="180405" WIDTH="108">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
180,405</FONT></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl4130717" ALIGN="right" X:NUM="30136" WIDTH="91">
<P ALIGN="right">
<U>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30,136</FONT></U></P>
</TD>
<B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl4130717" ALIGN="right" X:NUM="154637" WIDTH="108">
<P ALIGN="right">
<U>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154,637</FONT></U></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3130717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3130717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl3130717" X:NUM="691826" X:FMLA="=SUM(E10:E15)" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
691,826</FONT></P>
</TD>
<B>
<TD CLASS="xl3130717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl3130717" X:NUM="861282" X:FMLA="=SUM(G10:G15)" WIDTH="108">
<P ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT FACE="Times New Roman" SIZE="2">
861,282</FONT></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="7" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="619"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD HEIGHT="17" CLASS="xl2330717" COLSPAN="3" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
PROPERTY AND EQUIPMENT, Net</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl4130717" ALIGN="right" X:NUM="24727" WIDTH="91">
<P ALIGN="right">
<U>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24,727</FONT></U></P>
</TD>
<B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl4130717" ALIGN="right" X:NUM="31687" WIDTH="108">
<P ALIGN="right">
<U>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31,687</FONT></U></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="7" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="619"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL ASSETS</FONT></TD>
<TD CLASS="xl2730717" ALIGN="right" WIDTH="12">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
$</FONT></P>
</TD>
<TD X:NUM="716553" X:FMLA="=SUM(E16:E18)" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
716,553</FONT></P>
</TD>
<TD CLASS="xl3530717" X:STR="$" ALIGN="right" WIDTH="16">
<P ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT><FONT FACE="Times New Roman" SIZE="2">
$</FONT></P>
</TD>
<TD X:NUM="892969" X:FMLA="=SUM(G16:G18)" WIDTH="108">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
892,969</FONT></TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl2430717" WIDTH="91"><FONT FACE="Times New Roman" SIZE="3">
==========</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl2430717" WIDTH="108">
<P ALIGN="right"><FONT FACE="Times New Roman" SIZE="3">
==========</FONT></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="11"></TD>
<TD CLASS="xl2330717" WIDTH="13"></TD>
<TD CLASS="xl2330717" WIDTH="387"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl2330717" WIDTH="91"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl2430717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="7" HEIGHT="17" CLASS="xl2230717" STYLE="height: 12.75pt" WIDTH="619">
<P ALIGN="center">
<B>
<FONT size="2" FACE="Times New Roman">
LIABILITIES AND STOCKHOLDERS' EQUITY</FONT></B></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="7" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="619"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD HEIGHT="17" CLASS="xl2330717" COLSPAN="3" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
CURRENT LIABILITIES:</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl2330717" WIDTH="91"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl2430717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses</FONT></TD>
<TD CLASS="xl2730717" ALIGN="right" WIDTH="12">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
$</FONT></P>
</TD>
<TD CLASS="xl3230717" X:NUM="249528" WIDTH="91">
<P ALIGN="right">
<U>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249,528</FONT></U></P>
</TD>
<TD CLASS="xl3530717" X:STR="$" ALIGN="right" WIDTH="16"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT><FONT FACE="Times New Roman" SIZE="2">
$</FONT></TD>
<TD CLASS="xl3230717" X:NUM="211273" WIDTH="108">
<P ALIGN="right">
<U>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211,273</FONT></U></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3130717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3130717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD HEIGHT="17" CLASS="xl2330717" COLSPAN="3" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
COMMITMENTS AND CONTINGENCIES</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl3730717" X:NUM="0" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
-</FONT></P>
</TD>
<CENTER><B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B></CENTER>
<TD CLASS="xl3730717" X:NUM="0" WIDTH="108">
<P ALIGN="right">
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT> <FONT size="2" FACE="Times New Roman">
-</FONT></P>
</TD>
</TR>
<CENTER><B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3130717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3130717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD HEIGHT="17" CLASS="xl2330717" COLSPAN="3" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
STOCKHOLDERS' EQUITY:</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3130717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3130717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series A convertible preferred stock, $4.00 stated value, $0.01 par value;</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3130717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3130717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,500,000 shares authorized, 1,140,000 shares issued and outstanding</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl4230717" ALIGN="right" X:NUM="4584980" WIDTH="91">
<P ALIGN="right"></P>
</TD>
<B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl4230717" ALIGN="right" X:NUM="4584980" WIDTH="108">
<P ALIGN="right"></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419">
<B>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B><FONT size="2" FACE="Times New Roman">(Liquidation value = $4,560,000)</FONT></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl4230717" ALIGN="right" X:NUM="4584980" WIDTH="91">
<FONT size="2" FACE="Times New Roman">
4,584,980</FONT>
</TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl4230717" ALIGN="right" X:NUM="4584980" WIDTH="108">
<FONT size="2" FACE="Times New Roman">
4,584,980</FONT>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B convertible preferred stock, $7.625 stated value, $0.01 par value;</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3130717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3130717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300,000 shares authorized, -0- shares issued and outstanding</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B></CENTER>
<TD CLASS="xl3130717" X:NUM="0" WIDTH="91">
<P ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT><FONT FACE="Times New Roman" SIZE="2">
-</FONT></P>
</TD>
<CENTER><B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B></CENTER>
<TD CLASS="xl3130717" X:NUM="0" WIDTH="108">
<P ALIGN="right">
<FONT SIZE="2">
&nbsp;    <FONT size="2" FACE="Times New Roman">
&nbsp;-</FONT></FONT></P>
</TD>
</TR>
<CENTER>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series C convertible preferred stock, $4.00 stated value, $0.01 par value;</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3130717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3130717" WIDTH="108"></TD>
</TR>
</B></CENTER>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419">
<P ALIGN="left"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000,000 shares authorized, -0- shares issued and outstanding</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12">
<P ALIGN="right"></TD>
</B>
<TD CLASS="xl3130717" X:NUM="0" WIDTH="91">
<P ALIGN="right">
<FONT size="2" FACE="Times New Roman">
&nbsp;</FONT><FONT size="2" FACE="Times New Roman">-</FONT></P>
</TD>
<CENTER><B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B></CENTER>
<TD CLASS="xl3130717" X:NUM="0" WIDTH="108">
<P ALIGN="right">
<FONT size="2" FACE="Times New Roman">-</FONT></P>
</TD>
</TR>
<CENTER>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.001 par value, 100,000,000 shares authorized,</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3130717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3130717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,361,857 shares issued and outstanding</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl4230717" ALIGN="right" X:NUM="37361" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
37,361</FONT></P>
</TD>
<B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl4230717" ALIGN="right" X:NUM="37361" WIDTH="108">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
37,361</FONT></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl4030717" ALIGN="right" X:NUM="28467440" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
28,467,440</FONT></P>
</TD>
<B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl4030717" ALIGN="right" X:NUM="28467440" WIDTH="108">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
28,467,440</FONT></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
<TD CLASS="xl3930717" ALIGN="right" X:NUM="-240000" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
(240,000)</FONT></P>
</TD>
<B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl3930717" ALIGN="right" X:NUM="-410000" WIDTH="108">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
(410,000)</FONT></P>
</TD>
</TR>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B></CENTER>
<TD CLASS="xl4330717" ALIGN="right" X:NUM="-32382756" WIDTH="91">
<P ALIGN="right">
<U>
<FONT STYLE="mso-ignore:color" size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp; (32,382,756)</FONT></U></P>
</TD>
<CENTER><B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl4330717" ALIGN="right" X:NUM="-31998085" WIDTH="108">
<P ALIGN="right">
<U>
<FONT STYLE="mso-ignore:color" size="2" FACE="Times New Roman">
(31,998,085)</FONT></U></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3830717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3830717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL STOCKHOLDERS' EQUITY</FONT></TD>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B></CENTER>
<TD CLASS="xl3230717" X:NUM="467025" X:FMLA="=SUM(E30:E41)" WIDTH="91">
<P ALIGN="right">
<U>
<FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT> </U><FONT FACE="Times New Roman" SIZE="2">
<U>
467,025</U></FONT></P>
</TD>
<CENTER><B>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
</B>
<TD CLASS="xl3230717" X:NUM="681696" X:FMLA="=SUM(G31:G41)" WIDTH="108">
<P ALIGN="right">
<U>
<FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681,696</FONT></U></P>
</TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
<TD CLASS="xl3130717" WIDTH="91"></TD>
<TD CLASS="xl3430717" ALIGN="right" WIDTH="16"></TD>
<TD CLASS="xl3130717" WIDTH="108"></TD>
</TR>
</B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"><FONT size="2" FACE="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</FONT></TD>
<TD CLASS="xl2530717" ALIGN="right" WIDTH="12">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
$</FONT></P>
</TD>
<TD X:NUM="716553" X:FMLA="=+E43+E26" WIDTH="91">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
&nbsp;716,553</FONT></P>
</TD>
<TD CLASS="xl3530717" X:STR="$" ALIGN="right" WIDTH="16">
<P ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT><FONT FACE="Times New Roman" SIZE="2">
$</FONT></P>
</TD>
<TD X:NUM="892969" X:FMLA="=+G43+G26" WIDTH="108">
<P ALIGN="right"><FONT size="2" FACE="Times New Roman">
892,969</FONT></TD>
</TR>
<B>
<TR HEIGHT="17" STYLE="mso-height-source:userset;height:12.75pt">
<TD COLSPAN="3" HEIGHT="17" CLASS="xl2330717" STYLE="height: 12.75pt" WIDTH="419"></TD>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="12"></TD>
</B>
</CENTER>
<TD WIDTH="91">
<P ALIGN="right"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></P>
</TD>
<CENTER>
<B>
<TD CLASS="xl2330717" ALIGN="right" WIDTH="16"></TD>
</B>
</CENTER>
<TD CLASS="xl3130717" WIDTH="108">
<P ALIGN="right"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></P>
</TD>
</TR>
<CENTER>
<TR HEIGHT="0" STYLE="display:none">
<TD COLSPAN="7" ALIGN="center" WIDTH="619"><FONT size="2" FACE="Times New Roman">
See notes to financial statements.</FONT></TD>
</TR>
</TABLE>
</CENTER>
<B>
<P>
<BR></P>
<HR>
<P>&nbsp;</P>
</B>
<DIV ALIGN="center">
<CENTER>
<TABLE BORDER="0" CELLSPACING="0" WIDTH="566">
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN="6" WIDTH="552"><B>
<FONT FACE="Times New Roman" SIZE="2">
Cytation Corporation (Formerly CollegeLink.com Incorporated)</FONT></B></TD>
</TR>
<B>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN="6" WIDTH="552"><FONT FACE="Times New Roman" SIZE="2">
<B>
Statements of Operations</B></FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN="6" WIDTH="552"><FONT FACE="Times New Roman" SIZE="2">
<B>
For The Three Months Ended March 31, 2002 and 2001</B></FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom" STYLE="vnd.ms-excel.numberformat:[dquote]For the Years Ended[dquote] mmmm d, yyyy [dquote]and 1999[dquote]">
<TD COLSPAN="6" WIDTH="552"><FONT FACE="Times New Roman" SIZE="2">
<B>
(Unaudited)</B></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="6" ALIGN="right" WIDTH="552"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="317" COLSPAN="2"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
<B>
2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD ALIGN="center" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
<B>
&nbsp;</B></FONT></TD>
<TD ALIGN="center" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
<B>
2001&nbsp;&nbsp;</B></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="6" ALIGN="right" WIDTH="552"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
</B>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="283"><FONT FACE="Times New Roman" SIZE="2">
REVENUES:</FONT></TD>
<TD ALIGN="right" WIDTH="34"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;College and high school programs</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
1,301,182</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other revenues</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44,326</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
1,345,508</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="283"><FONT FACE="Times New Roman" SIZE="2">
COST OF GOODS SOLD</FONT></TD>
<TD ALIGN="right" WIDTH="34"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 905,038</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GROSS PROFIT</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440,470</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="283"><FONT FACE="Times New Roman" SIZE="2">
OPERATING EXPENSES:</FONT></TD>
<TD ALIGN="right" WIDTH="34"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Technology</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
31,263</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
6,960</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
161,826</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales and marketing</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
139,368</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379,417</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,337,834</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL OPERATING EXPENSES</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386,377</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,670,291</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPERATING LOSS</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
(386,377)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
(1,229,821)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="283"><FONT FACE="Times New Roman" SIZE="2">
OTHER INCOME (EXPENSES):</FONT></TD>
<TD ALIGN="right" WIDTH="34"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income (expense), net</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,706</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16,554)</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LOSS BEFORE INCOME TAXES</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
(384,671)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
(1,246,375)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
INCOME TAXES</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
-</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET LOSS</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
(384,671)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
(1,246,375)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="283"><FONT FACE="Times New Roman" SIZE="2">
PREFERRED STOCK DIVIDEND EARNED</FONT></TD>
<TD ALIGN="left" WIDTH="34"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68,775</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128,775</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET LOSS ATTRIBUTABLE TO COMMON SHARES</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
(453,446)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
(1,375,150)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="283"><FONT FACE="Times New Roman" SIZE="2">
Net Loss Per Share (Basis and Diluted)</FONT></TD>
<TD ALIGN="right" WIDTH="34"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0.00_)[semicolon]_(* #', '##0.00)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
(0.01)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0.00_)[semicolon]_(* #', '##0.00)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
(0.09)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="283"><FONT FACE="Times New Roman" SIZE="2">
Weighted Average Common Shares Outstanding</FONT></TD>
<TD ALIGN="right" WIDTH="34"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="2">
37,361,857</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="2">
15,363,098</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="321"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="91"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="22"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="90"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="6" ALIGN="right" WIDTH="536">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT><FONT FACE="Times New Roman" SIZE="1">
 See notes to financial statements.&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>
</CENTER>
</DIV>
<P ALIGN="center">
<BR></P>
<HR>
<B>
<P>&nbsp;</P>
<DIV ALIGN="center">
<CENTER>
<TABLE BORDER="0" CELLSPACING="0" width="572">
<TR ALIGN="center" VALIGN="bottom" STYLE="vnd.ms-excel.numberformat:m/d">
<TD COLSPAN="9" width="554">
<B>
<FONT face="Times New Roman" size="2">
Cytation Corporation (Formerly CollegeLink.com Incorporated)</FONT></B></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom" STYLE="vnd.ms-excel.numberformat:m/d">
<TD COLSPAN="9" width="554">
<B>
<FONT face="Times New Roman" size="2">
Statements of Cash Flows</FONT></B></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom" STYLE="vnd.ms-excel.numberformat:m/d">
<TD COLSPAN="9" width="554">
<B>
<FONT face="Times New Roman" size="2">
For the Three Months Ended March 31, 2002 and 2001</FONT></B></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom" STYLE="vnd.ms-excel.numberformat:[dquote]For the Years Ended[dquote] mmmm d, yyyy [dquote]and 1999[dquote]">
<TD COLSPAN="9" width="554">
<B>
<FONT face="Times New Roman" size="2">
(Unaudited)</FONT></B></TD>
</TR>
<TR VALIGN="bottom" STYLE="vnd.ms-excel.numberformat:m/d">
<TD COLSPAN="9" ALIGN="right" width="554"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom" STYLE="vnd.ms-excel.numberformat:m/d">
<TD ALIGN="right" width="317"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" width="4"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" width="99" COLSPAN="2">
<P ALIGN="left"><FONT face="Times New Roman" size="2">
&nbsp;<B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></B></FONT></P>
</TD>
<TD ALIGN="right" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" width="81">
<P ALIGN="left"><FONT face="Times New Roman" size="2">
&nbsp;<B>
&nbsp;<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2001&nbsp;&nbsp;&nbsp;&nbsp;</U></B></FONT></P>
</TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="9" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="554"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" COLSPAN="9" width="554"><FONT face="Times New Roman" size="2">
CASH FLOWS FROM OPERATING ACTIVITIES:</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loss</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
(384,671)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
(1,246,375)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;used in operating activities:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amoritzation</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
6,960</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
161,826</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of deferred compensation</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
170,000</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
140,797</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued interest on note payable</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
16,729</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
(119,190)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and others</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
124,501</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
93,199</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash in escrow account</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
(2,721)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
38,255</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
372,516</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unearned revenue</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<P ALIGN="left"><FONT face="Times New Roman" size="2">
&nbsp;<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</U></FONT></P>
</TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<P ALIGN="right">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193,561</FONT></U></P>
</TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="9" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="554"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET CASH USED IN OPERATING ACTIVITIES</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (47,676)</FONT></U></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (386,937)</FONT></U></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="317"><FONT face="Times New Roman" size="2">
CASH FLOWS FROM INVESTING ACTIVITIES:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="4"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases of property and equipment</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
(30,196)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collection on notes receivable</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
25,000</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capitalization of software development costs</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;</FONT></U></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4,995)</FONT></U></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="9" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="554"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET CASH USED IN INVESTING ACTIVITIES</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></U></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10,191)</FONT></U></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="9" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="554"><FONT face="Times New Roman" size="2">
CASH FLOWS FROM FINANCING ACTIVITIES:</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from (payments of) note payable and debt</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
425,000</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></U></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 641</FONT></U></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET CASH PROVIDED BY FINANCING ACTIVITIES</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></U></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425,641</FONT></U></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET INCREASE (DECREASE) IN CASH</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
(47,676)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
28,513</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
CASH, Beginning</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79,861</FONT></U></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81">
<U>
<FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161,481</FONT></U></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="317"><FONT face="Times New Roman" size="2">
CASH, Ending</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="4"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
32,185</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
189,994</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="6" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="376"><FONT face="Times New Roman" size="2">
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="9" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="554"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash paid during the periods for:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash investing and financing activities:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" width="355"><FONT face="Times New Roman" size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Offset note receivable with accrued expenses</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="17"><FONT face="Times New Roman" size="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" width="81"><FONT face="Times New Roman" size="2">
10,000</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="317"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="6"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" width="4"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="81"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="17"><FONT face="Times New Roman" size="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" width="81"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="center" STYLE="vnd.ms-excel.numberformat: m d" width="554" COLSPAN="9"><FONT SIZE="1">
See notes to financial statements.</FONT></TD>
</TR>
</TABLE>
</CENTER>
</DIV>
<HR>
<P ALIGN="center"><FONT FACE="Times" SIZE="3">
Notes To Financial Statements</FONT></P>
<P ALIGN="left">
</B><FONT SIZE="3">
<B>
1.</B>&nbsp;&nbsp;<B>
The Company:</B></FONT></P>
<P><FONT SIZE="3">
Until June 20, 2001, the Company provided an extensive range of in-school and online services directed at high school students and their parents, high school counselors, college
admissions officers and corporations which target the teen marketplace. On June 20, 2001, the Company sold all of its assets associated with these activities to TMP Worldwide Inc.</FONT></P>
<P><FONT SIZE="3">
<B>
2.&nbsp;</B>&nbsp;<B>
Deferred Compensation:</B></FONT></P>
<P ALIGN="left"><FONT SIZE="3">
On July 2, 2001, the Company's board of directors authorized advances to two officers of the Company in the aggregate amount of $600,000. These advances are repayable by the
either officer if the officer leaves the employment of the Company before January 2003, unless certain events occur before such date. These advances have been booked as deferred
compensation and amortize over fifteen (15) months. In addition, the Company also advanced $50,000 to one of the officers in lieu of his participation in the Company's retirement
plans, which amount has been recorded as compensation expense in the quarter ended March 31, 2002.</FONT></P>
<B>
<P>Item 2. Management's Discussion and Analysis or Plan of Operation</P>
</B><I><P>The Company sold all of its revenue producing assets on June 20, 2001. Accordingly, the following should be read in conjunction with Item 5 hereof.</P>
</I><U><P>Results of Operations </P>
</U><P ALIGN="left">As a result of the sale in June 2001 by the Company of substantially all of its assets (including all of its revenue generating assets) to TMP and the prior sales of the Company's Internet services businesses, the Company no longer is engaged in any business in which it was engaged during its three fiscal years ended June 30, 1998, 1999 and 2000, its six-month transition period ending December 31, 2000 or its fiscal year ended December 31, 2001. Accordingly, management does not believe that it is informative or useful to compare the results of operations of the principal business which it conducted until June 20, 2001 but which it no longer owns with the results of operations of this business and other discontinued businesses for prior periods, including the three month period ended March 31, 2001.</P>
<U><P ALIGN="left">Liquidity and Capital Resources</U><B> <BR>
<BR>
</B>Net cash used in operating activities was $47,676 for the three month period ended March 31, 2002 compared to $386,937 for the three month period ended March 31, 2001, when the Company was still carrying on its former business. As of March 31, 2002, the Company had positive working capital of $442,298 compared to negative working capital of $2,529,332 as of March 31, 2001.</P>
<B><P ALIGN="CENTER">PART II OTHER INFORMATION</P>
<P ALIGN="JUSTIFY">Item 1. Legal Proceedings.</P>
</B><P ALIGN="left">On February 7, 2002, Gerald Paxton, a former consultant to the Company, filed a demand for arbitration arising under his consulting agreement with the Company. Mr. Paxton claims the Company owes him $239,059, plus interest. On March 4, 2002, the Company responded and denied any liability to Mr. Paxton. The Company intends to vigorously defend itself against all of the claims raised in the demand for arbitration.</P>
<B><P ALIGN="JUSTIFY">Item 2. Change in Securities</P>
</B><P ALIGN="JUSTIFY">None</P>
<B><P ALIGN="JUSTIFY">Item 3. Defaults Upon Senior Securities</P>
</B><P ALIGN="JUSTIFY">None.</P>
<B><P ALIGN="JUSTIFY">Item 4. Submission of Matters to a Vote of Security Holders</P>
</B><P ALIGN="JUSTIFY">None.</P>
<B><P ALIGN="JUSTIFY">Item 5. Other Information</P>
</B><P ALIGN="left">On June 20, 2001, Cytation Corporation (then known as CollegeLink.com Incorporated) and its wholly owned subsidiary Cytation Bristol Corporation (then known as CollegeLink Corporation) sold substantially all of their respective assets, including all of their respective operating assets, to TMP. TMP is the parent corporation of TMP Interactive Inc. d/b/a Monster.com. As consideration for the sale, TMP paid Cytation Corporation approximately $4,202,000 in cash and assumed approximately $3,062,000 of Cytation's liabilities. Among the liabilities that TMP assumed were notes issued by Cytation to TMP in the aggregate principal amount of $1,000,000.<BR>
<BR>
On May 22, 2001, the Company's common stock stopped trading on the American Stock Exchange where it had traded under the symbol &quot;APS&quot;. From May 22, 2001 through June 21, 2001, the Company's common stock traded on the Nasdaq Over the Counter Bulletin Board under the symbol "CLGK". Since June 21, 2001, the Company's common stock has traded on the Nasdaq Over the Counter Bulletin Board under the symbol
&quot;CYTY&quot;. </P>
<B><P>Item 6. Exhibits and Reports on Form 8-K</P>
</B><P>(a)&nbsp;&nbsp;Exhibits:</P>
<P>The following exhibits are filed as part of or incorporated by reference into this Report:</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=1 WIDTH="611">
<TR><TD VALIGN="TOP" WIDTH="58">
<B><FONT SIZE=2><P>Exhibit</FONT> </B></TD>
<TD VALIGN="TOP" WIDTH="545">
<B><FONT SIZE=2><P>Description</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>3.1</FONT> </TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Amended and Restated Certificate of Incorporation of the Company(2)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>3.2</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Articles of Merger between the Company and Cytation Corporation, dated February 11, 1999(1)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>3.3</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Articles of Merger between CollegeLink.com Incorporated and ECI, Inc., dated August 10, 1999(2)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>3.4</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Certificate of Merger of CollegeLink.com Incorporated and ECI, Inc., dated August 10, 1999(2)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>3.5</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Certificate of Ownership and Merger between the Company and CollegeLink.com Incorporated, dated November 15, 1999(2)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>3.6</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>By-Laws of the Company(2)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>4.1</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Please see Exhibits 3.1 and 3.6 for provisions of the Amended and Restated Certificate of Incorporation and By-Laws of the Company defining the rights of holders of the common stock of the Company</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>10.1</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Consulting Agreement by and among CollegeLink.com Incorporated and Gerald A. Paxton, dated August 10, 1999(2)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>10.2</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Amended and Restated Asset Purchase Agreement by and among TMP Worldwide, Inc., CollegeLink.com Incorporated and CollegeLink Corporation, dated May 2, 2001(3)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>10.3</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Escrow Agreement by and among the Company, TMP Worldwide, Inc, and Eastern Bank and Trust Company, dated June 20, 2001&nbsp;</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>10.4</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Bill of Sale and Assignment, by and among TMP Worldwide, Inc., CollegeLink.com Incorporated and CollegeLink Corporation, dated June 20, 2001</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>10.5</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Non-Competition and Non-Solicitation Agreement between TMP Worldwide and Richard A. Fisher, dated June 20, 2001</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>10.6</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Non-Competition and Non-Solicitation Agreement between TMP Worldwide and Kevin J. High, dated June 20, 2001</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>10.7</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Employment Agreement, dated October 15, 2001, between the Company and Richard A. Fisher</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>10.8</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Employment Agreement, dated October 15, 2001, between the Company and Kevin High</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>10.9</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Lease dated September 22, 1999 between the Company and Midview, LLC</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" WIDTH="58">
<FONT SIZE=2><P>24.1</FONT></TD>
<TD VALIGN="TOP" WIDTH="545">
<FONT SIZE=2><P>Power of Attorney (contained on the signature page of this Form 10-KSB)</FONT></TD>
</TR>
</TABLE>
</CENTER>

<U><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> <BR>
(1)&nbsp;&nbsp;Incorporated by reference from the Company's Form 8-K, Current Report, filed March 18, 1999, and later amended on April 2, 1999.<BR>
<BR>
(2)&nbsp;&nbsp;Filed as Exhibit to the Company's Registration Statement No. 333-85079 on Form SB-2 and incorporated herein by reference.<BR>
<BR>
(3)&nbsp;&nbsp;Filed as an Exhibit to the Company's Proxy Statement filed May 25, 2001 and incorporated herein by reference.</P>
</FONT><P>(b) &nbsp;&nbsp;Reports on Form 8-K</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None</P>
<U><P>SIGNATURE</P>
</U><P>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CYTATION CORPORATION</P>
<P>&nbsp;</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: /s/ Richard A Fisher<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-------------------------------<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Richard A. Fisher<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Chairman<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date: May
13, 2002</P>
<P ALIGN="JUSTIFY"></P></BODY>
</HTML>

</TEXT>
</DOCUMENT>
</SUBMISSION>
