| INTERNATIONAL GEMINI TECHNOLOGY INC. | Schedule A | |||||||||||
| Consolidated Balance Sheet | ||||||||||||
| Prepared by management (unaudited) | ||||||||||||
| June 30, 2003 | Dec 31, 2002 | |||||||||||
ASSETS | ||||||||||||
| Current assets | ||||||||||||
| Cash | $ | 4,602 | $ | 596 | ||||||||
| Accounts receivable | 109,831 | 110,566 | ||||||||||
| Investments | 46,024 | 46,024 | ||||||||||
| $ | 160,457 | $ | 157,186 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts payable and accrued liabilities | $ | 104,430 | $ | 82,608 | ||||||||
| Shareholders’ equity | ||||||||||||
| Share capital - common | $ | 12,660,559 | $ | 12,660,559 | ||||||||
| Share capital - preferred | 604,724 | 604,724 | ||||||||||
| Contributed surplus | 53,344 | 53,344 | ||||||||||
| Deficit | (13,262,600 | ) | (13,244,049 | ) | ||||||||
| 56,027 | 74,578 | |||||||||||
| $ | 160,457 | $ | 157,186 | |||||||||
| Approved by the Directors: | ||||||||||||
| “Signed” | ||||||||||||
| Martin Schultz | ||||||||||||
| “Signed” | ||||||||||||
| Douglas E. Ford | ||||||||||||
1
| INTERNATIONAL GEMINI TECHNOLOGY INC. | Schedule A | |||||||||||||||||||
| Consolidated Statement of Income and Deficit | ||||||||||||||||||||
| Prepared by management (unaudited) | ||||||||||||||||||||
| Three Months Ended | Three Months Ended | Six Months Ended | Six Months Ended | |||||||||||||||||
| June 30, 2003 | June 30, 2002 | June 30, 2003 | June 30, 2002 | |||||||||||||||||
| Revenue | $ | $ | $ | - | $ | — | ||||||||||||||
| Expenses | ||||||||||||||||||||
| General and administrative | 9,534 | 41,077 | 18,551 | 46,953 | ||||||||||||||||
| Income (loss) for the period | (9,534 | ) | (41,077 | ) | (18,551 | ) | (46,953 | ) | ||||||||||||
| Deficit, beginning of period | (13,272,134 | ) | 13,181,787 | (13,244,049 | ) | (13,208,785 | ) | |||||||||||||
| Deficit, endof period | $ | (13,262,600 | ) | $ | 13,222,864 | $ | (13,262,600 | ) | $ | (13,255,738 | ) | |||||||||
| Earnings per share | 0 | 0 | 0 | 0 | ||||||||||||||||
| Fully diluted earnings per share | 0 | 0 | 0 | 0 | ||||||||||||||||
2
| INTERNATIONAL GEMINI TECHNOLOGY INC. | Schedule A | |||||||
| Statement of Deficit | ||||||||
| Prepared by management (unaudited) | ||||||||
| Six Months Ended | Year Ended | |||||||
| June 30, 2003 | December 31, 2002 | |||||||
| Deficit, beginning of period | $ | (13,244,049 | ) | $ | (13,208,785 | ) | ||
| Income (loss) for the period | (18,551 | ) | (35,264 | ) | ||||
| Deficit, end of period | $ | (13,262,600 | ) | $ | (13,244,049 | ) | ||
3
| INTERNATIONAL GEMINI TECHNOLOGY INC. | Schedule A | |||||||||||||||||||
| Consolidated Statement of Cash Flow | ||||||||||||||||||||
| Prepared by management (unaudited) | ||||||||||||||||||||
| Three Months EndedThree Months EndedSix Months EndedSix Months Ended | ||||||||||||||||||||
| June 30, 2003 | June 30, 2002 | June 30, 2003 | June 30, 2002 | |||||||||||||||||
| Operating Activities | ||||||||||||||||||||
| Net income for period | $ | (9,534.0 | ) | $ | (41,077.0 | ) | $ | (18,551 | ) | $ | (46,953 | ) | ||||||||
| Deduct items not involving a current cash receipt | ||||||||||||||||||||
| Changes in non-cash working capital balances | 11,657.0 | 39,556.0 | 22,557 | 45,640 | ||||||||||||||||
| Net cash increase (decrease) in period | 2,123 | (1,521.0 | ) | 4,006 | (1,313 | ) | ||||||||||||||
| Cash position, beginning of period | 2,479 | 1,198.0 | 596 | 1,313 | ||||||||||||||||
| Cash position, end of period | $ | 4,602 | $ | (323.0 | ) | $ | 4,602 | $ | (323 | ) | ||||||||||
4