| INTERNATIONAL GEMINI TECHNOLOGY INC. | Schedule A | |||||||||||
| Consolidated Balance Sheet | ||||||||||||
| Prepared by management (unaudited) | ||||||||||||
| September 30, 2003 | December 31, 2002 | |||||||||||
ASSETS | ||||||||||||
| Current assets | ||||||||||||
| Cash | $ | 1,974 | $ | 596 | ||||||||
| Accounts receivable | 36,044 | 110,566 | ||||||||||
| Investments | 46,024 | 46,024 | ||||||||||
| $ | 84,042 | $ | 157,186 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts payable and accrued liabilities | $ | 36,812 | $ | 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 | (13,271,397 | ) | (13,244,049 | ) | ||||||||
| 47,230 | 74,578 | |||||||||||
| $ | 84,042 | $ | 157,186 | |||||||||
Approved by the Directors: | ||||||||||||
| “Signed” | ||||||||||||
| Martin Schultz | ||||||||||||
| “Signed” | ||||||||||||
| Douglas E. Ford | ||||||||||||
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| INTERNATIONAL GEMINI TECHNOLOGY INC. | Schedule A | |||||||||||||||||||
| Consolidated Statement of Income and Deficit | ||||||||||||||||||||
| Prepared by management (unaudited) | ||||||||||||||||||||
| Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||
| 2003 | 2002 | 2003 | 2002 | |||||||||||||||||
| Revenue | $ | 3,000 | $ | — | $ | 3,000 | $ | — | ||||||||||||
| Expenses | ||||||||||||||||||||
| General and administrative | 11,797 | 9,806 | 30,348 | 56,758 | ||||||||||||||||
| Income (loss) for the period | (8,797 | ) | (9,806 | ) | (27,348 | ) | (56,758 | ) | ||||||||||||
| Deficit, beginning of period | (13,262,600 | ) | (13,255,738 | ) | (13,244,049 | ) | (13,208,785 | ) | ||||||||||||
| Deficit, end of period | $ | (13,271,397 | ) | $ | (13,265,544 | ) | $ | (13,271,397 | ) | $ | (13,265,543 | ) | ||||||||
| Earnings per share | — | — | — | — | ||||||||||||||||
| Fully diluted earnings per share | - | - | - | - | ||||||||||||||||
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| INTERNATIONAL GEMINI TECHNOLOGY INC. | Schedule A | |||||||||||||||||||
| Consolidated Statement of Cash Flow | ||||||||||||||||||||
| Prepared by management (unaudited) | ||||||||||||||||||||
| Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||
| 2003 | 2002 | 2003 | 2002 | |||||||||||||||||
| Operating Activities | ||||||||||||||||||||
| Net income for period | $ | (8,797 | ) | $ | (9,806 | ) | $ | (27,348 | ) | $ | (56,758 | ) | ||||||||
| Deduct items not involving a current cash receipt | ||||||||||||||||||||
| Changes in non-cash working capital balances | 6,169 | 11,260 | 28,727 | 56,577 | ||||||||||||||||
| Net cash increase (decrease) in period | (2,628 | ) | 1,454 | 1,378 | (182 | ) | ||||||||||||||
| Cash position, beginning of period | 4,602 | (323 | ) | 596 | 1,313 | |||||||||||||||
| Cash position, end of period | $ | 1,974 | $ | 1,131 | $ | 1,974 | $ | 1,131 | ||||||||||||
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