<SUBMISSION>
<ACCESSION-NUMBER>0000095047-03-000008
<TYPE>10QSB
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20030930
<FILING-DATE>20031112
<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>03994212
</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>COLLEGELINK COM INCORP
<DATE-CHANGED>19991122
</FORMER-COMPANY>
<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>
</FILER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>cyta10qsb93003.htm
<TEXT>
<HTML>
<TITLE>Cytation Corporation 10QSB 9/30/03</TITLE>
<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 September 30, 2003</P>
<P ALIGN="CENTER">Commission file Number 0 5388 </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=560>
<TR><TD WIDTH="51%" VALIGN="TOP">
<P ALIGN="CENTER">Delaware</TD>
<TD WIDTH="49%" VALIGN="TOP">
<P ALIGN="CENTER">16-0961436</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<P ALIGN="CENTER">(State or Other Jurisdiction of Incorporation)</TD>
<TD WIDTH="49%" VALIGN="TOP">
<P ALIGN="CENTER">(I.R.S. Employer Identification Number)</TD>
</TR>
</TABLE>
</CENTER>

<P ALIGN="CENTER">251 Thames Street, No. 8, 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>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>Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practical date:</P>
<P>Common Stock, $.001 Par Value - 291,165 shares as of November 10, 2003.</P>
<P ALIGN="CENTER">
<BR>FORWARD-LOOKING INFORMATION</P>
<P>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">PART 1 FINANCIAL INFORMATION</P>
<P>Item 1. Financial Statements.</P>
</B>
<P ALIGN="JUSTIFY">UNAUDITED FINANCIAL STATEMENTS &#9;</P>
<P ALIGN="JUSTIFY">Balance Sheets as of September 30, 2003 and December 31, 2002</P>
<P ALIGN="JUSTIFY">Statements of Operations -For the Three Months Ended September 30, 2003 and 2002</P>
<P ALIGN="JUSTIFY">Statements of Operations - For the Nine Months Ended September 30, 2003 and 2002</P>
<P>Statements of Cash Flows - For the Nine Months Ended September 30, 2003 and 2002 </P>
<P>&nbsp; </P>
<DIV ALIGN="center">
<CENTER>
<Table border="0" CELLSPACING="0" CELLPADDING="0" WIDTH="610" HEIGHT="768">
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN=7 WIDTH="609" HEIGHT="17"><B>
<FONT FACE="Times New Roman" SIZE="2">
Cytation Corporation</FONT></B></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN=7 WIDTH="609" HEIGHT="17"><B>
<FONT FACE="Times New Roman" SIZE="2">
Balance Sheets</FONT></B></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=7 ALIGN="right" WIDTH="609" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN=7 WIDTH="609" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2"><B>
ASSETS</B></FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN=3 WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2"><B>
&nbsp;</B></FONT></TD>
<TD WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2"><B>
&nbsp;</B></FONT></TD>
<TD WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
September 30,</FONT></TD>
<TD WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2"><B>
&nbsp;</B></FONT></TD>
<TD WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
December 31,</FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN=3 WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2"><B>
&nbsp;</B></FONT></TD>
<TD WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2"><B>
&nbsp;</B></FONT></TD>
<TD WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2003&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2"><B>
&nbsp;</B></FONT></TD>
<TD WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
(Unaudited)</FONT></TD>
<TD ALIGN="center" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
(Audited)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="386" HEIGHT="16" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">
CURRENT ASSETS:</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="16"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="85" HEIGHT="16"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="27" HEIGHT="16"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="81" HEIGHT="16"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Cash</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
                 7,113 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
            180,984 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notes receivable, stockholders</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
10,148 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
11,348 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notes receivable, others</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
55,169 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
55,169 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Prepaid expenses and other current assets</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="17"><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;
1,800</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="81" HEIGHT="17"><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;
1,800</U> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="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="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Total Current Assets</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
               74,230 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
            249,301 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="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="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="332" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
PROPERTY AND EQUIPMENT, Net</FONT></TD>
<TD ALIGN="right" WIDTH="10" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="44" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
6,552 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
17,767 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="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="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="332" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
OTHER ASSETS:</FONT></TD>
<TD ALIGN="right" WIDTH="10" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="44" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="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="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Investment </FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
          <U>
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          1,326,178</U> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17">
<P ALIGN="center"><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></P>
</TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="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="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
TOTAL ASSETS</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
          1,406,960 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
            267,068 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
<TD ALIGN="right" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN=7 WIDTH="609" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2"><B>
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)</B></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=7 ALIGN="right" WIDTH="609" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="332" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
CURRENT LIABILITIES:</FONT></TD>
<TD ALIGN="right" WIDTH="10" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="44" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accounts payable and accrued expenses</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
             114,482 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
            356,819 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Note payable and accrued interest</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
113,176</U> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><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>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="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="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Total Current Liabilities</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
             <U>
             &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
             227,658</U> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
            <U>
            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
            356,819</U> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="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="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="332" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
COMMITMENTS AND CONTINGENCIES</FONT></TD>
<TD ALIGN="right" WIDTH="10" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="44" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="85" HEIGHT="17"><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;&nbsp;   </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="81" HEIGHT="17"><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;&nbsp;   </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="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="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="332" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
STOCKHOLDERS' EQUITY (DEFICIT):</FONT></TD>
<TD ALIGN="right" WIDTH="10" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="44" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="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="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=5 ALIGN="left" WIDTH="493" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Common stock, $0.001 par value, 2,000,000 shares authorized,</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=4 ALIGN="left" WIDTH="408" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
286,165 and 248,809 shares issued and outstanding, respectively</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
286 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
249 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Shares subscribed but not issued</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
15,000 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
                      -   </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Additional paid-in capital</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
33,088,919 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon][Red](#, ##0)" WIDTH="81" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
33,078,122 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accumulated deficit</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="85" HEIGHT="17"><FONT face="Times New Roman" COLOR=#000000 SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(31,924,903)</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="27" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="81" HEIGHT="17"><FONT face="Times New Roman" COLOR=#000000 SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(33,168,122)</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="21"></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="21"><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="85" HEIGHT="21"><FONT face="Times New Roman" COLOR=#000000 SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="21"><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" HEIGHT="21"><FONT face="Times New Roman" COLOR=#000000 SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
          <U>
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          1,179,302</U> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
            <U>
            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
            (89,751)</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="right" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="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="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN=3 ALIGN="left" WIDTH="390" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)</FONT></TD>
<TD ALIGN="center" WIDTH="18" HEIGHT="17">
<P ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">
$</FONT></P>
</TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
          1,406,960 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
            267,068 </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="332" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="10" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="44" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="18" HEIGHT="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="85" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="3">
=========</FONT></TD>
<TD ALIGN="right" WIDTH="27" HEIGHT="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" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="3">
========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="597" HEIGHT="17" COLSPAN="7">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT><FONT FACE="Times New Roman" SIZE="1">
See notes to financial statements.</FONT></P>
</TD>
</TR>
</Table>
</CENTER>
</DIV>
<HR>
<DIV ALIGN="center">
<CENTER>
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="553">
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN="6" WIDTH="551"><B>
<FONT FACE="Times New Roman" SIZE="2">
Cytation Corporation</FONT></B></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN="6" WIDTH="551"><B>
<FONT FACE="Times New Roman" SIZE="2">
Statements of Operations</FONT></B></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN="6" WIDTH="551"><B>
<FONT FACE="Times New Roman" SIZE="2">
For The Three Months Ended September 30, 2003 and 2002</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="6" WIDTH="551"><B>
<FONT FACE="Times New Roman" SIZE="2">
(Unaudited)</FONT></B></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD COLSPAN="5" ALIGN="right" WIDTH="269"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="19"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="73"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2003&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD ALIGN="center" WIDTH="14"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="72"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="19"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="73"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
CONSULTING REVENUES</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73">
<P ALIGN="center">&nbsp;-</TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72">
<P ALIGN="center">&nbsp;-</TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
COST OF REVENUE</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21,503</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72">
<P ALIGN="center"><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;</U></FONT></P>
</TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0.00_)[semicolon]_(* #', '##0.00)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><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="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21,503)</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72">
<P ALIGN="center"><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;</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="365"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
OPERATING EXPENSES:</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><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="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
3,327</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
6,960</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><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="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,944</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490,539</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="365"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><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="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16,271</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497,499</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="365"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OPERATING INCOME (LOSS)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37,774)</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp; (497,499)</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="365"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
OTHER INCOME (EXPENSES):</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other income</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
572</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><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="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,386)</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,037</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="right" WIDTH="365"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER INCOME (EXPENSES)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (814)</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,037</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><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="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
(38,588)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
(496,462)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
INCOME TAXES</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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;</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><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;</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NET INCOME (LOSS)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
(38,588)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
(496,462)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="left" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
PREFERRED STOCK DIVIDEND EARNED</FONT></TD>
<TD ALIGN="left" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73">
<P ALIGN="center"><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;</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68,775</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="left" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="365"><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="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
(38,588)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
(565,237)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="19"><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="73"><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="14"><FONT FACE="Times New Roman" SIZE="3">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="72"><FONT FACE="Times New Roman" SIZE="3">
=======</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
Net Income (Loss) Per Share (Basic and Diluted)</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
(0.15)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
(2.27)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="19"><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="73"><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="14"><FONT FACE="Times New Roman" SIZE="3">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="72"><FONT FACE="Times New Roman" SIZE="3">
=======</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
Weighted Average Common Shares Outstanding</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="19"><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="73"><FONT FACE="Times New Roman" SIZE="2">
263,165</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
249,079</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="19"><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="73"><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="14"><FONT FACE="Times New Roman" SIZE="3">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="72"><FONT FACE="Times New Roman" SIZE="3">
=======</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="280"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="83"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="19"><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="73"><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="14"><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="72"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="541" COLSPAN="6">
<P ALIGN="center"><FONT SIZE="1">
See notes to financial statements.</FONT></TD>
</TR>
</TABLE>
</CENTER>
</DIV>
<B>
<HR>
<DIV ALIGN="center">
<CENTER>
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="586">
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN="6" WIDTH="584"><B>
<FONT FACE="Times New Roman" SIZE="2">
Cytation Corporation</FONT></B></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN="6" WIDTH="584"><B>
<FONT FACE="Times New Roman" SIZE="2">
Statements of Operations</FONT></B></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN="6" WIDTH="584"><B>
<FONT FACE="Times New Roman" SIZE="2">
For The Nine Months Ended September 30, 2003 and 2002</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="6" WIDTH="584"><B>
<FONT FACE="Times New Roman" SIZE="2">
(Unaudited)</FONT></B></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="6" ALIGN="right" WIDTH="584"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="20"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="74"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2003&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD ALIGN="center" WIDTH="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="75"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="20"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="74"><FONT FACE="Times New Roman" SIZE="2">
<B>
&nbsp;</B></FONT></TD>
<TD ALIGN="center" WIDTH="21"><FONT FACE="Times New Roman" SIZE="2">
<B>
&nbsp;</B></FONT></TD>
<TD ALIGN="center" WIDTH="75"><FONT FACE="Times New Roman" SIZE="2">
<B>
&nbsp;</B></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
CONSULTING REVENUE</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
1,366,178</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75">
<P ALIGN="center"><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;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0.00_)[semicolon]_(* #', '##0.00)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
COST OF REVENUE</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21,503</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0.00_)[semicolon]_(* #', '##0.00)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="75">
<P ALIGN="center"><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;</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0.00_)[semicolon]_(* #', '##0.00)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><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="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,344,675</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75">
<P ALIGN="center"><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;</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
OPERATING EXPENSES:</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
10,287</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
20,880</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><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="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89,435</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,153,389</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><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="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99,722</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,174,269</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OPERATING INCOME (LOSS)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,244,953</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,174,269)</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
OTHER INCOME (EXPENSES)</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other income</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
572</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75">
<P ALIGN="center"><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;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income (expenses), net</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2,306)</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,337</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER INCOME (EXPENSES)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,734)</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,337</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INCOME (LOSS) BEFORE INCOME TAXES</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
1,243,219</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
(1,169,932)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
INCOME TAXES</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74">
<P ALIGN="center"><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;</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75">
<P ALIGN="center"><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;</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NET INCOME (LOSS)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
1,243,219</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
(1,169,932)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="left" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
PREFERRED STOCK DIVIDEND EARNED</FONT></TD>
<TD ALIGN="left" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74">
<P ALIGN="center"><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;</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137,549</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="left" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="2" ALIGN="left" WIDTH="386"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHARES</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
1,243,219</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
(1,307,481)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="20"><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="74"><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="21"><FONT FACE="Times New Roman" SIZE="3">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="75"><FONT FACE="Times New Roman" SIZE="3">
========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
Net Income (Loss) Per Share (Basic and Diluted)</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
4.81</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0.00_)[semicolon]_(* #', '##0.00)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
(5.25)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="20"><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="74"><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="21"><FONT FACE="Times New Roman" SIZE="3">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="75"><FONT FACE="Times New Roman" SIZE="3">
========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
Weighted Average Common Shares Outstanding</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="20"><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="74"><FONT FACE="Times New Roman" SIZE="2">
258,308</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
249,079</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="20"><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="74"><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="21"><FONT FACE="Times New Roman" SIZE="3">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="75"><FONT FACE="Times New Roman" SIZE="3">
========</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" WIDTH="352"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="32"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" WIDTH="20"><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="74"><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="21"><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="75"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="center" WIDTH="574" COLSPAN="6"><FONT FACE="Times New Roman" SIZE="1">
See notes to financial statements.</FONT></TD>
</TR>
</TABLE>
</CENTER>
</DIV>
<HR>
<DIV ALIGN="center">
<CENTER>
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="538" HEIGHT="873">
<TR ALIGN="center" VALIGN="bottom" STYLE="vnd.ms-excel.numberformat:m/d">
<TD COLSPAN="9" WIDTH="535" HEIGHT="17"><B>
<FONT FACE="Times New Roman" SIZE="2">
Cytation Corporation</FONT></B></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom" STYLE="vnd.ms-excel.numberformat:m/d">
<TD COLSPAN="9" WIDTH="535" HEIGHT="17"><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="535" HEIGHT="17"><B>
<FONT FACE="Times New Roman" SIZE="2">
For the Nine Months Ended September 30, 2003 and 2002</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="535" HEIGHT="17"><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="535" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="16" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD ALIGN="center" WIDTH="29" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="center" WIDTH="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="329" COLSPAN="5" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
CASH FLOWS FROM OPERATING ACTIVITIES:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="29" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income (loss)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
1,243,219</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
(1,169,932)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
10,287</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
20,880</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
410,000</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
10,834</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
2,311</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash consulting income</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
(1,326,178)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on sales of equipment</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
(572)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
152,270</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
(5,349)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(131,472)</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439,689</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&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="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(191,571)</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(152,442)</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="329" COLSPAN="5" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
CASH FLOWS FROM INVESTING ACTIVITIES:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
(737)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sales of equipment</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
1,500</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,200</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78,504</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="6" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="355" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET CASH PROVIDED BY INVESTING ACTIVITIES:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,700</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77,767</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="6" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="355" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
CASH FLOWS USED IN FINANCING ACTIVITIES:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from common shares subscribed</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
15,000</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchase of preferred stock</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="right"><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;</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,150)</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,000</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,150)</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET DECREASE IN CASH</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
(173,871)</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
(75,825)</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="268" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
CASH, Beginning</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="37" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180,984</U></FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
<U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,861</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="268" HEIGHT="15"><FONT FACE="Times New Roman" SIZE="2">
CASH, Ending</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="15"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="15"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="15"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="37" HEIGHT="15"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="15"><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="73" HEIGHT="15"><FONT FACE="Times New Roman" SIZE="2">
7,113</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="15"><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="73" HEIGHT="15"><FONT FACE="Times New Roman" SIZE="2">
4,036</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="21"><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="73" HEIGHT="21"><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="29" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="3">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="73" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="3">
=======</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="7" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="430" HEIGHT="17"><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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><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="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&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="16" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="left" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="17"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="73" HEIGHT="17"><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="29" HEIGHT="17"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&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="16" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="29" HEIGHT="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="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD COLSPAN="5" ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="17"><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="29" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="3">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0_)[semicolon]_(* #', '##0)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
Non-cash investing and financing activities:</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="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="73" HEIGHT="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="29" HEIGHT="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="73" HEIGHT="17"><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="337" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conversion of accounts payable to note payable</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="73" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
110,865</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="29" HEIGHT="17"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: '_(* #', '##0.00_)[semicolon]_(* #', '##0.00)[semicolon]_(* dquote]-[dquote]??_)[semicolon]_(@_)'" WIDTH="73" HEIGHT="17">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="268" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="37" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="2">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="73" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="3">
========</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="29" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="3">
&nbsp;</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="73" HEIGHT="21"><FONT FACE="Times New Roman" SIZE="3">
=======</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="268" HEIGHT="21"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="21"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="21"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="8" HEIGHT="21"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="37" HEIGHT="21"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="16" HEIGHT="21"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="73" HEIGHT="21"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="29" HEIGHT="21"></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: #, ##0_)[semicolon](#, ##0)" WIDTH="73" HEIGHT="21"></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat: m d" WIDTH="519" HEIGHT="17" COLSPAN="9">
<P ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">
See notes to financial statements</FONT></TD>
</TR>
</TABLE>
</CENTER>
</DIV>
</B><P ALIGN="center"><B>
NOTES TO FINANCIAL STATEMENTS</B></P>
<B><P>1. Basis of Presentation:</P>
</B><P ALIGN="left">The accompanying unaudited financial statements of Cytation Corporation (the "Company") have been prepared in accordance with generally accounting principles for interim financial information and with the instructions to prepare them for inclusion as part of the Form 10QSB. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The financial statements for the periods ended
September 30, 2003 and 2002 are unaudited and include all adjustments, which in the opinion of management are necessary, in order to make the financial statements not misleading. All such adjustments are of a normal recurring nature. The results of the Company's operations for any interim period are not necessarily indicative of the results of the Company's operations for a full year. For further information, refer to the financial statements and footnotes thereto included in the Company's Form 10KSB filed with the Securities and Exchange Commission for the period ended December 31, 2002.</P>

<B><P>2.&#9;The Company: </P>

</B><P ALIGN="left">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 with the teen marketplace. On June 20, 2001, the Company sold all of its assets associated with these activities to TMP Worldwide Inc. for approximately $7.2 million in cash and debt assumed.</P>
<P ALIGN="left">Since the fourth quarter of 2002, the Company has engaged in the business of providing consulting and related services to private companies that wish to become reporting companies under the Securities Exchange Act of 1934.</P>
<B><P ALIGN="JUSTIFY">3. Equity Transactions:</P>
</B><P ALIGN="left">In the first quarter of 2003, the Company issued 9,667 shares of its common stock to non-affiliates in exchange for services rendered or to be rendered to the Company. In the first quarter of 2003, the Company also redeemed 1,978 shares of common stock from a former consultant to the Company in connection with an arbitration settlement in December 2002 and cancelled 333 shares of common stock issued to and subsequently forfeited by a former employee.</P>
<P ALIGN="left">On September 9, 2003, the Company issued 12,500 common shares to each of two officers and 2,500 common shares to each of the two directors for services provided. These shares are valued at $0.20 per share.</P>
<P ALIGN="left">In September 2003, the Company sold 5,000 common shares to an accredited investor for $15,000 in a private offering. These shares were subscribed for as of September 30, 2003 but were not issued until October 7, 2003.</P>
<P ALIGN="left"><B>
4.&nbsp;&nbsp;Investment/Non-Cash Income:
<BR>
<BR></B>In the second quarter of 2003, the Company received 1,326,178 restricted shares of common stock and warrants of an unrelated entity, Solomon Technologies, Inc. ("Solomon"), constituting approximately 13% of the total outstanding shares of Solomon, as compensation for the consulting services provided. Subsequently, Solomon merged into a Delaware corporation and issued to stockholders one share of common stock for each two shares held, such the Company now owns 663,089 restricted shares of Solomon common stock. Solomon develops, manufactures, sells and installs the patented "Electric Wheel" motor system as well as a full line of high torque electric propulsion systems for marine and other applications. The investment is valued at $1,326,178 and recorded as consulting revenue on the accompanying financial statements. Management anticipates that such investment will be carried on a cost basis.</P>
<B><P ALIGN="JUSTIFY">5. Subsequent Event:</P>
</B><P>On October 6, 2003, the Board of Directors of the Company declared a stock dividend in shares of Solomon. Pursuant to the Board's resolution, one share of Solomon common stock will be distributed for each one share of the Company's common stock owned by the Company's stockholders of record on October 20, 2003. The "payment date", or the date of the distribution of the Solomon shares to the Company's stockholders, will be as soon as practicable after Solomon's registration statement filed with the Securities and Exchange Commission on September 19, 2003 ("Registration Statement") has been declared effective and the common stock has been assigned a trading symbol and approved for trading on the OTCBB or other exchange, <I>provided</I> <I>that</I> these events occur before December 20, 2003 and <I>provided further</I> that, in the opinion of the Board of Directors of the Company, there has been no material change in the terms of the Registration Statement. </P>
<B><P>Item 2. Management's Discussion and Analysis or Plan of Operation.<U> <BR>
<BR>
</B>Results of Operations</P>
</U><P>The Company was not actively engaged in generating revenue from its current business (<I>see</I> <U>Plan of Operation</U>, below) during the quarter ended September 30, 2002. However, in the quarter ended September 30, 2002, the Company continued to conduct an analysis and evaluation it had initiated in the previous quarter of the market opportunity for its current business; continued to engage in prospective customer contact and test marketing; and effected the corporate restructuring required to enter its current business. Accordingly, management does not believe that it is informative or useful to compare the results of operations of the principal business it is now engaged in with the results of operations for the year ago quarter ending September 30, 2002, when it was not actively engaged in any revenue producing activities.</P>
<U><P>Liquidity and Capital Resources</U> <BR>
<BR>
Net cash used in operating activities was $191,571 for the nine-month period ended September 30, 2003 compared to $152,442 for the nine-month period ended September 30, 2002. As of September 30, 2003, the Company had negative working capital of $153,428 compared to negative working capital of $101,181 as of September 30, 2002.</P>
<P>The Company carries an investment in shares of common stock of Solomon Technologies, Inc. on its books at cost. These shares are restricted and are not currently saleable. There is no assurance that these shares can ever be sold or, if sold, at what price. In addition, the Company may elect to distribute some of these shares to its stockholders as a pro rata stock dividend.</P>
<P>The Company has minimal operating expenses. None of its employees receives current compensation, and the Company has no employment agreements or commitments for office space or services.</P>
<U><P>Plan of Operation</P>
</U><P>In late 2001 and early 2002, the Company decided to leverage management's public company expertise, legal background and brokerage experience by researching the feasibility of entering into the business of providing consulting and related services to private companies that wished to "go public" and develop a trading market for their securities. The Company, in consultation with legal counsel, considered the following, among others:</P>

<UL>
<LI>the IPO market for small and microcap companies as well as the overall market for and interest in "reverse merger" transactions </LI>
<LI>the level of interest that smaller companies exhibited in becoming reporting companies and the reasons "going public" was attractive to them </LI>
<LI>the cash paid by operating companies for "shells" or blank check companies and the amount of equity operating companies gave up in the reverse merger </LI>
<LI>the type of post-merger difficulties experienced by some companies that had engaged in a reverse merger </LI>
<LI>the type of pre-merger difficulties experienced by some companies that had engaged in, or attempted to engage in, a reverse merger </LI>
<LI>the number of promoters of reverse mergers, including facilitators who match private companies and shell company owners </LI>
<LI>the distribution of shares in the public float and the number of "public" shareholders after the reverse merger was consummated </LI>
<LI>the applicability of Rule 144 promulgated under the Securities Act of 1933 to "free-trading" shares held by promoters and others after the consummation of reverse mergers </LI>
<LI>the exchanges on which reverse merged companies' traded </LI>
<LI>the overall performance of reverse merged companies' shares in the aftermarket </LI>
<LI>the enactment of the Sarbanes-Oxley Act of 2002 on the continued viability and practicality of reverse merger transactions. </LI>
<LI>the enactment of the Sarbanes-Oxley Act of 2002 on the willingness and ability of entrepreneurs to comply with complex and costly reporting requirements that provide little, if any, compliance flexibility for small and microcap companies. </LI></UL>

<P>The Company concluded as follows:</P>

<UL>
<LI>investment banking firms are likely to continue to underwrite a very limited number of initial public offerings, particularly in the small and microcap marketplaces, and that accordingly very limited amounts of public capital would be available to the Company's targeted client base </LI>
<LI>there were serious transactional and disclosure risks associated with reverse mergers and that the substantially increased demand and requirements for full and timely disclosure in the public markets may well not be met by the parties to this type of transaction </LI>
<LI>reverse mergers proved to be far more expensive than many companies could afford and, for this reason alone, the Company's program offered a viable alternative </LI>
<LI>there was a market opportunity in offering private companies consulting and related services in order to assist them in attaining reporting company status under the Securities Exchange Act of 1934 without a substantial cash payment requirement, without utilizing a shell or blank check company and without engaging in a reverse merger transaction. </LI></UL>

<P>After the Company's stockholders meeting in September 2002, the Company began implementing a program based on these conclusions that would enhance Cytation stockholder value. Because the performance of a part of the Company's overall program required an amendment to the Company's certificate of incorporation, it was not able to engage actively in this business until it this amendment was effective. The amendment was approved by the Company's stockholders in September 2002 and implemented before year-end.</P>
<P>The Company has now signed consulting agreements with private companies that wish to utilize the Company's services and recorded revenue therefrom. Accordingly, the Company has generated revenue in 2003 and expects to make distributions in 2003 or early 2004 to its stockholders based on the performance of some or all of these agreements and possibly others.</P>
<P>The Company does not underwrite its clients' securities, does not make markets in securities, does not provide research, and does not engage in other services typically provided by broker-dealers. Nevertheless, management believes that the Company's program fills an important market need: to provide the know-how and means for private companies to attain public status and to achieve a trading market for their securities in full compliance with securities regulations through an alternative to a reverse merger. The Company believes it is important that these companies have access to the public markets to enhance, often significantly, their ability to attract capital from funds and other institutional investors now that venture capital firms have sharply curtailed their investment activities.</P>
<P>The Company's program is grounded in full disclosure because client companies file a registration statement with the Securities and Exchange Commission. The Company works closely with legal and accounting professionals of client companies in the preparation of applicable disclosure documents but does not supplant them. The Company believes that full disclosure in the form of a registration statement filed with the Securities and Exchange Commission <I>before</I> trading begins is in the spirit of the Securities Act of 1933 as well as the Sarbanes-Oxley Act. With increasing regulatory skepticism and scrutiny of reverse mergers and the promoters of these types of transactions, the Company believes its program will continue to attract an increasing level of interest from companies wishing to take advantage of the benefits of public status.</P>
<B><P ALIGN="CENTER">PART II OTHER INFORMATION</P>
<P>Item 1. Legal Proceedings.</P>
</B><P>None.</P>
<B><P>Item 2. Change in Securities.</P>
</B><P ALIGN="JUSTIFY">On September 9, 2003, the Company issued 12,500 common shares to each of two officers and 2,500 common shares to each of the two directors for services provided. These shares are valued at $0.20 per share.</P>
<P>In September 2003, the Company agreed to sell 5,000 restricted shares of its common stock to an accredited investor for $15,000. The shares were issued in October 2003.</P>
<B><P>Item 3. Defaults Upon Senior Securities.</P>
</B><P>None.</P>
<B><P>Item 4. Submission of Matters to a Vote of Security Holders.</P>
</B><P>None.</P>
<B><P>Item 5. Other Information.</P>
</B><P>On October 6, 2003, the Board of Directors of the Company declared a stock dividend in shares of Solomon. Pursuant to the Board's resolution, one share of Solomon common stock will be distributed for each one share of the Company's common stock owned by the Company's stockholders of record on October 20, 2003. The "payment date", or the date of the distribution of the Solomon shares to the Company's stockholders, will be as soon as practicable after Solomon's registration statement filed with the Securities and Exchange Commission on September 19, 2003 ("Registration Statement") has been declared effective and the common stock has been assigned a trading symbol and approved for trading on the OTCBB or other exchange, <I>provided</I> <I>that</I> these events occur before December 20, 2003 and <I>provided further</I> that, in the opinion of the Board of Directors of the Company, there has been no material change in the terms of the Registration Statement. </P>
<P>There can be no assurance that the Registration Statement will be declared effective, or that the terms of the Registration Statement will not materially change, or that Solomon's common stock will trade on the OTCBB or other exchange, or that these events will occur before December 20, 2003. Therefore, there can be no assurance that the Company will make the distribution of Solomon common stock to its stockholders.</P>
<P>Each stockholder of the Company receiving shares of Solomon common stock in the distribution will be considered to have received a taxable distribution in an amount equal to the fair market value of Solomon common stock received provided that the Company has current or accumulated "earnings and profits". The Company does not have accumulated earnings and profits but did have current earnings and profits at the end of its second quarter and may have current earnings and profits for its fiscal year ending December 31. Accordingly, the distribution of shares of common stock of Solomon will result in:</P>

<UL>
<LI>a dividend to the extent of each stockholder's pro rata share of the Company's current earnings and profits, if any, at year end; and then </LI>
<LI>a reduction in each stockholder's basis of the Company's common stock to the extent the amount received exceeds such stockholder's share of earnings and profits until such basis equals zero, and then</LI>
<LI>a gain to the extent the amount received exceeds the sum of the amount treated as a dividend and the amount treated as a reduction of the stockholder's basis in the Company's common stock. Any gain of this type will generally be long-term capital gain if the common stock of the Company is held as a long-term capital asset on the date of the distribution.</LI></UL>

<P>The Company believes that the fair market value of Solomon's shares may be established by trading that develops immediately after the distribution with respect to such shares. However, the distribution is taxable even if a trading market for the shares never develops. On various dates in 2003, Solomon sold shares of its common stock to unrelated parties for $2.00 per share. There can be no assurance that this price will in any way reflect the price at which the Solomon shares will trade after the effectiveness of the Registration Statement. </P>
<P>The Company's stockholders should consult their own advisors as to the specific tax consequences of the distribution, including the application and effect of foreign, state and local tax laws, which may differ from jurisdiction to jurisdiction.<B> </P>
</B><U><P>Certification under Sarbanes-Oxley Act</U>.&nbsp;Each of our executive officers has furnished to the SEC the certification with respect to this Report that is required by Section 906 of the Sarbanes-Oxley Act of 2002.</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=635>
<TR><TD WIDTH="12%" VALIGN="TOP">
<B><FONT SIZE=2><P>Exhibit</FONT> </B></TD>
<TD WIDTH="88%" VALIGN="TOP">
<B><FONT SIZE=2><P>Description</B></FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>3.1</FONT> </TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Amended and Restated Certificate of Incorporation of the Company(2)</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>3.2</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Articles of Merger between the Company and Cytation Corporation, dated February 11, 1999(1)</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>3.3</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Articles of Merger between CollegeLink.com Incorporated and ECI, Inc., dated August 10, 1999(2)</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>3.4</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Certificate of Merger of CollegeLink.com Incorporated and ECI, Inc., dated August 10, 1999(2)</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>3.5</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<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 WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>3.6</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>By-Laws of the Company(2)</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>4.1</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<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 WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>10.1</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Employment Agreement, dated October 15, 2001, between the Company and Richard A. Fisher</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>10.2</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Employment Agreement, dated October 15, 2001, between the Company and Kevin High</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>10.3</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Letter from Richard A. Fisher dated February 20, 2003 terminating his employment agreement with the Company effective December 31, 2002</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>10.4</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Letter from Kevin J. High dated February 20, 2003 terminating his employment agreement with the Company effective December 31, 2002</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>10.5</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Agreement between the Company and Solomon Technologies, Inc. dated as of May 16, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=2><P>24.1</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Power of Attorney (contained on the signature page of this Form 10-QSB)</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<P><FONT SIZE="2">
99.1</FONT></TD>
<TD WIDTH="88%" VALIGN="TOP">
<FONT SIZE=2><P>Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the <BR>
Sarbanes-Oxley Act of 2002 (3)</FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="88%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
</TABLE>
</CENTER>

<U><FONT SIZE=2><P ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Filed herewith.<B> </P>
</B></FONT><P>(b) &nbsp;&nbsp;Reports on Form 8-K</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 8K, Declaration of Stock Dividend, Other Events, filed on October 7, 2003.</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;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:
<U>
/s/ Kevin J.
High&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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: Kevin J. High <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: President and Chief Financial Officer <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: November
12, 2003</P>
<P ALIGN="CENTER">&nbsp;</P>
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<TYPE>EX-99.CERT
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<FILENAME>cert302rafkjh.htm
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<TITLE>CERTIFICATIONS</TITLE>
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<B><U><P ALIGN="left">EXHIBIT 31</P>
<P ALIGN="CENTER">CERTIFICATIONS</P>
</B></U><P><BR>
I, Richard Fisher, certify that:<BR>
<BR>
1.&nbsp;&nbsp;I have reviewed this Form 10-QSB of Cytation Corporation; <BR>
<BR>
2.&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; <BR>
<BR>
3.&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; <BR>
<BR>
4.&nbsp;&nbsp;The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:<BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; <BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and <BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and <BR>
<BR>
5.&nbsp;&nbsp;The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):<BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and <BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. <BR>
<BR>
Date: November 12, 2003</P>

<U><P>/s/ Richard Fisher&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>
Richard Fisher <BR>
Chairman and General Counsel </P>

<HR>

<P>
I, Kevin J. High, certify that:<BR>
<BR>
1.&nbsp;&nbsp;I have reviewed this Form 10-QSB of Cytation Corporation; <BR>
<BR>
2.&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; <BR>
<BR>
3.&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; <BR>
<BR>
4.&nbsp;&nbsp;The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:<BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; <BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and <BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and <BR>
<BR>
5.&nbsp;&nbsp;The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):<BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and <BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. <BR>
<BR>
Date: November 12, 2003</P>

<U><P>/s/ Kevin J. High&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>
Kevin J. High <BR>
President and Chief Financial Officer </P>

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<TYPE>EX-99.906CERT
<SEQUENCE>4
<FILENAME>cytacert906.htm
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<B><P ALIGN="left">EXHIBIT 32</P>
<P ALIGN="CENTER">CERTIFICATION PURSUANT TO <BR>
18 U.S.C. SECTION 1350,<BR>
AS ADOPTED PURSUANT TO<BR>
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</P>
</B><P>In connection with the quarterly report of Cytation Corporation (the "Company") on Form 10QSB for the period ending September 30, 2003 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Kevin J. High, President and Acting Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</P>
<P>&nbsp;</P>
<U><P>/s/ Kevin J. High</U>_______________<BR>
Kevin J. High<BR>
President and Chief Financial Officer<BR>
November 12, 2003</P>
<P>&nbsp;</P>
<U><P>/s/ Richard Fisher</U>______________<BR>
Richard Fisher<BR>
Chairman and General Counsel<BR>
November 12, 2003</P></BODY>
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