Inferx 8-K/A Completion of Acquisition or Disposition of Assets

INFERX CORPORATION

 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE YEAR ENDED ENDED DECEMBER 31, 2008

		InferX			Irus			Adjustments		Consolidated
REVENUE		$	80,934		$	4,707,925				$	4,788,859
COST OF REVENUES
Direct labor and other finges			43,261			852,397					895,658
Subcontractor			19,711			2,981,596					3,001,307
Other direct costs			416			109,245					109,661
Amortization of computer software development costs			209,996								209,996
	Total costs of revenues		273,384			3,943,238					4,216,622
GROSS PROFIT (LOSS)			(192,450	)		764,687			-		572,237
OPERATING EXPENSES
Indirect and overhead labor and fringes			633,884			521,548					1,155,432
Professional fees			172,480			59,321					231,801
Advertising and promotion						10,866					10,866
Travel related costs			22,729								22,729
Business development						109,848					109,848
Bad debts											0
Rent			128,626			80,821					209,447
General and administrative			221,875			82,636					304,511
Stock issued for services			116,625								116,625
Stock based compensation			48,345								48,345
Depreciation			14,446			57,275					71,721
	Total operating expenses		1,359,010			922,315			-		2,281,325
NET (LOSS) FROM OPERATIONS BEFORE OTHER EXPENSE AND
PROVISION FOR INCOME TAXES			(1,551,460	)		(157,628	)		-		(1,709,088	)
OTHER EXPENSE
Interest expense, net of interest income			1,176,238			46,518					1,222,756
NET (LOSS) FROM OPERATIONS BEFORE PROVISION FOR INCOME TAXES			(2,727,698	)		(204,146	)		-		(2,931,844	)
Provision for income taxes			-			-			-		-
NET (LOSS) APPLICABLE TO SHARES		$	(2,727,698	)	$	(204,146	)	$	-	$	(2,931,844	)
NET (LOSS) PER BASIC AND DILUTED SHARES		$	(0.20	)	$	(0.14	)			$	(0.22	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING			13,623,617			1,500,000					13,623,617