| Quantum Bit Induction Technology, Inc. | ||||||||||||
| Profit & Loss Prev Year Comparison | ||||||||||||
| January through December 2005 | ||||||||||||
| Jan - Dec 05 | Jan - Dec 04 | $ Change | % Change | |||||||||
| Ordinary Income/Expense | ||||||||||||
| Income | ||||||||||||
| Interest | 27.22 | 0.19 | 27.03 | 14,226.32% | ||||||||
| Sales | ||||||||||||
| Assets | 186,657.89 | 172,874.55 | 13,783.34 | 7.97% | ||||||||
| Sales - Other | 257,500.00 | 0.00 | 257,500.00 | 100.0% | ||||||||
| Total Sales | 444,157.89 | 172,874.55 | 271,283.34 | 156.93% | ||||||||
| Services | ||||||||||||
| Programmed Trading | 0.00 | 1,250.00 | -1,250.00 | -100.0% | ||||||||
| Total Services | 0.00 | 1,250.00 | -1,250.00 | -100.0% | ||||||||
| Total Income | 444,185.11 | 174,124.74 | 270,060.37 | 155.1% | ||||||||
| Expense | ||||||||||||
| FXDD | 500.00 | 0.00 | 500.00 | 100.0% | ||||||||
| Medical | 571.58 | 0.00 | 571.58 | 100.0% | ||||||||
| Donations | 0.00 | 1,000.00 | -1,000.00 | -100.0% | ||||||||
| Brokerage Fee | 0.00 | 900.00 | -900.00 | -100.0% | ||||||||
| Prototyping | 0.00 | 2,500.00 | -2,500.00 | -100.0% | ||||||||
| Document retrieval | 0.00 | 78.00 | -78.00 | -100.0% | ||||||||
| Cleaning Service | 200.00 | 60.00 | 140.00 | 233.33% | ||||||||
| Consulting | 250.00 | 3,850.00 | -3,600.00 | -93.51% | ||||||||
| Other Fees | 156.00 | 0.00 | 156.00 | 100.0% | ||||||||
| Uncategorized Expenses | 7,538.09 | 0.00 | 7,538.09 | 100.0% | ||||||||
| Parts | 0.00 | 22.18 | -22.18 | -100.0% | ||||||||
| Automobile Expense | ||||||||||||
| Insurance | 1,095.00 | 0.00 | 1,095.00 | 100.0% | ||||||||
| repairs | 556.98 | 0.00 | 556.98 | 100.0% | ||||||||
| Automobile Expense - Other | 4,818.37 | 1,767.51 | 3,050.86 | 172.61% | ||||||||
| Total Automobile Expense | 6,470.35 | 1,767.51 | 4,702.84 | 266.07% | ||||||||
| Bank/Credit Service Charges | ||||||||||||
| Merchant Account | 25.00 | 30.00 | -5.00 | -16.67% | ||||||||
| Bank/Credit Service Charges - Other | 392.33 | 1,266.88 | -874.55 | -69.03% | ||||||||
| Total Bank/Credit Service Charges | 417.33 | 1,296.88 | -879.55 | -67.82% | ||||||||
| Compensation of Officers | 75,757.98 | 25,950.00 | 49,807.98 | 191.94% | ||||||||
| Computer/Internet | ||||||||||||
| hardware | 1,630.38 | 0.00 | 1,630.38 | 100.0% | ||||||||
| online data | 0.00 | 0.00 | 0.00 | 0.0% | ||||||||
| Software | ||||||||||||
| License Fee | 374.00 | 0.00 | 374.00 | 100.0% | ||||||||
| Software - Other | 941.59 | 616.75 | 324.84 | 52.67% | ||||||||
| Total Software | 1,315.59 | 616.75 | 698.84 | 113.31% | ||||||||
| Internet / Web | 44.00 | 305.27 | -261.27 | -85.59% | ||||||||
| Programming | 9,615.00 | 2,911.35 | 6,703.65 | 230.26% | ||||||||
| Repairs / Maintenance | 800.00 | 0.00 | 800.00 | 100.0% | ||||||||
| Computer/Internet - Other | 1,575.09 | 890.99 | 684.10 | 76.78% | ||||||||
| Total Computer/Internet | 14,980.06 | 4,724.36 | 10,255.70 | 217.08% | ||||||||
| Benefits | ||||||||||||
| Bonuses | 5,000.00 | 0.00 | 5,000.00 | 100.0% | ||||||||
| Total Benefits | 5,000.00 | 0.00 | 5,000.00 | 100.0% | ||||||||
| Marketing | ||||||||||||
| art supplies | 0.00 | 29.91 | -29.91 | -100.0% | ||||||||
| Mailing List | 179.91 | 984.99 | -805.08 | -81.74% | ||||||||
| Marketing - Other | 1,810.02 | 5.00 | 1,805.02 | 36,100.4% | ||||||||
| Total Marketing | 1,989.93 | 1,019.90 | 970.03 | 95.11% | ||||||||
| Materials/Parts | 345.63 | 0.00 | 345.63 | 100.0% | ||||||||
| Miscellaneous | 25,334.65 | 0.00 | 25,334.65 | 100.0% | ||||||||
| Office Supplies | 350.91 | 407.90 | -56.99 | -13.97% | ||||||||
| Postage and Delivery | ||||||||||||
| mail box | 300.00 | 300.00 | 0.00 | 0.0% | ||||||||
| Postage and Delivery - Other | 219.31 | 651.36 | -432.05 | -66.33% | ||||||||
| Total Postage and Delivery | 519.31 | 951.36 | -432.05 | -45.41% | ||||||||
| Printing and Reproduction | 0.00 | 1,761.89 | -1,761.89 | -100.0% | ||||||||
| Professional Services | ||||||||||||
| Project work | 1,500.00 | 0.00 | 1,500.00 | 100.0% | ||||||||
| Programming | 0.00 | 250.00 | -250.00 | -100.0% | ||||||||
| Animation/Rendering | 305.00 | 500.00 | -195.00 | -39.0% | ||||||||
| Project Managment | 125.00 | 4,995.64 | -4,870.64 | -97.5% | ||||||||
| Public Relations | ||||||||||||
| News Releases | 895.00 | 1,870.00 | -975.00 | -52.14% | ||||||||
| Public Relations - Other | 12,000.00 | 82.93 | 11,917.07 | 14,370.04% | ||||||||
| Total Public Relations | 12,895.00 | 1,952.93 | 10,942.07 | 560.29% | ||||||||
| clerical | 0.00 | 503.44 | -503.44 | -100.0% | ||||||||
| Accounting | 5,000.00 | 1,100.00 | 3,900.00 | 354.55% | ||||||||
| Financial | 32,247.61 | 0.00 | 32,247.61 | 100.0% | ||||||||
| Legal Fees | 5,050.00 | 3,350.00 | 1,700.00 | 50.75% | ||||||||
| Payroll Services | 500.00 | 0.00 | 500.00 | 100.0% | ||||||||
| Transfer Agent | 2,913.91 | 2,915.48 | -1.57 | -0.05% | ||||||||
| Web Development | 775.00 | 1,900.00 | -1,125.00 | -59.21% | ||||||||
| Professional Services - Other | 22,317.72 | 10,866.61 | 11,451.11 | 105.38% | ||||||||
| Total Professional Services | 83,629.24 | 28,334.10 | 55,295.14 | 195.15% | ||||||||
| Rent | ||||||||||||
| Late fees | 0.00 | 35.00 | -35.00 | -100.0% | ||||||||
| Rent - Other | 11,617.26 | 12,310.56 | -693.30 | -5.63% | ||||||||
| Total Rent | 11,617.26 | 12,345.56 | -728.30 | -5.9% | ||||||||
| Taxes | ||||||||||||
| Sales | ||||||||||||
| State & Local | 1,001.80 | 191.50 | 810.30 | 423.13% | ||||||||
| Total Sales | 1,001.80 | 191.50 | 810.30 | 423.13% | ||||||||
| State | 0.00 | 100.00 | -100.00 | -100.0% | ||||||||
| Total Taxes | 1,001.80 | 291.50 | 710.30 | 243.67% | ||||||||
| Telephone | ||||||||||||
| Celllular | 3,852.27 | 2,101.17 | 1,751.10 | 83.34% | ||||||||
| Telephone - Other | 2,441.25 | 1,910.40 | 530.85 | 27.79% | ||||||||
| Total Telephone | 6,293.52 | 4,011.57 | 2,281.95 | 56.88% | ||||||||
| Travel & Ent | ||||||||||||
| Shareholder realations | 287.27 | 0.00 | 287.27 | 100.0% | ||||||||
| lodging | 65.51 | 0.00 | 65.51 | 100.0% | ||||||||
| Entertainment | 569.15 | 202.21 | 366.94 | 181.47% | ||||||||
| Meals | 6,379.60 | 3,007.80 | 3,371.80 | 112.1% | ||||||||
| Travel | 0.00 | 2,767.99 | -2,767.99 | -100.0% | ||||||||
| Travel & Ent - Other | 16,890.00 | 2,911.87 | 13,978.13 | 480.04% | ||||||||
| Total Travel & Ent | 24,191.53 | 8,889.87 | 15,301.66 | 172.13% | ||||||||
| Utilities | ||||||||||||
| cable | -17.99 | 257.67 | -275.66 | -106.98% | ||||||||
| Gas and Electric | 1,821.37 | 1,095.07 | 726.30 | 66.33% | ||||||||
| Water | 107.95 | 181.69 | -73.74 | -40.59% | ||||||||
| Total Utilities | 1,911.33 | 1,534.43 | 376.90 | 24.56% | ||||||||
| Total Expense | 269,026.50 | 101,697.01 | 167,329.49 | 164.54% | ||||||||
| Net Ordinary Income | 175,158.61 | 72,427.73 | 102,730.88 | 141.84% | ||||||||
| Other Income/Expense | ||||||||||||
| Other Income | ||||||||||||
| Other Income | 2,346.59 | 35,345.58 | -32,998.99 | -93.36% | ||||||||
| Total Other Income | 2,346.59 | 35,345.58 | -32,998.99 | -93.36% | ||||||||
| Other Expense | ||||||||||||
| reverse charge | 18.80 | 0.00 | 18.80 | 100.0% | ||||||||
| Balance Adjustment | 2,857.32 | 94.53 | 2,762.79 | 2,922.66% | ||||||||
| void | 0.00 | 0.00 | 0.00 | 0.0% | ||||||||
| Other Expenses | 10,019.42 | 29,934.70 | -19,915.28 | -66.53% | ||||||||
| Total Other Expense | 12,895.54 | 30,029.23 | -17,133.69 | -57.06% | ||||||||
| Net Other Income | -10,548.95 | 5,316.35 | -15,865.30 | -298.43% | ||||||||
| Net Income | 164,609.66 | 77,744.08 | 86,865.58 | 111.73% | ||||||||