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TITAN TRADING ANALYTICS INC.
----------------------------
(Incorporated under the laws of British Columbia)
CONSOLIDATED INTERIM BALANCE SHEET
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APRIL 30, 1999
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ASSETS
------
Current Assets 1999 1998
Cash and short-term investments $ 1,073,077 $ 1,440,592
Accounts receivable 11,683 0
Prepaid expenses 1,236 1,050
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1,085,996 1,441,642
Software and systems development
(net) 304,937 269,267
Capital assets (net) 56,998 41,227
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$ 1,447,931 $ 1,752,136
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LIABILITIES
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Current Liabilities
Accounts payable and accrued
Liabilities $ 7,154 $ 5,869
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SHAREHOLDERS' EQUITY
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Share capital $ 2,802,962 $ 2,671,712
Deficit (1,362,185) (925,445)
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$ 1,447,931 $ 1,752,136
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Approved by the Directors
\s\ MICHAEL PAAUWE Director
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\s\ MICHAEL GOSSLAND Director
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PREPARED BY MANAGEMENT WITHOUT AUDIT
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TITAN TRADING ANALYTICS INC.
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CONSOLIDATED INTERIM STATEMENT OF OPERATIONS AND DEFICIT
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FOR THE PERIOD FROM NOVEMBER 1, 1998 TO APRIL 30, 1999
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Revenue
1999 1998
Software Sales $ 31,438 $ 29,216
Trading Income 63,878 0
Interest and Other Income 18,022 30,236
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$ 113,338 $ 59,452
Expenses
Advertising, marketing and promotion 57,256 19,266
Amortization 44,850 39,716
Bank charges 805 1,481
Corporate Tax 500 0
Demonstration & Testing 28,155 47,312
Directors fees 5,000 5,000
Investor relations 19,338 0
Management fees 32,800 36,387
Office 6,417 6,401
Professional fees 37,099 17,135
R & D expenses 0 3,483
Rent 2,275 2,438
Salaries and benefits 76,918 31,989
Telephone 2,588 1,682
Travel 1,124 4,610
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315,125 216,900
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Net loss for the period $ (201,787) $ (157,448)
Deficit beginning of period (1,160,398) (767,996)
Deficit end of period $(1,362,185) $ (925,445)
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PREPARED BY MANAGEMENT WITHOUT AUDIT
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TITAN TRADING ANALYTICS INC.
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CONSOLIDATED INTERIM STATEMENT OF CASH FLOW
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FOR THE PERIOD FROM NOVEMBER 1, 1998 TO APRIL 30, 1999
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1999 1998
Cash from operating activities
Net loss for the period $ (201,787) $ (157,448)
Item not involving cash
Amortization 44,850 39,716
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(156,937) (117,732)
Net change in non-cash working
capital balances (29,563) 11,064
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(186,500) (106,668)
Cash used in investing activities
Acquisition of capital assets (19,576) (3,048)
Software & Systems development (84,663) (116,171)
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(104,239) (119,219)
Cash from financing activities
Share subscriptions received
And issuance of Common Shares 0 0
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Increase in cash during the period (290,739) (225,887)
Cash and short-term investments,
beginning of the period 1,363,816 1,667,530
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Cash and short-term investments,
end of period $ 1,073,077 $ 1,441,643
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PREPARED BY MANAGEMENT WITHOUT AUDIT