Quantum Bit Induction Technology, Inc.
Statement of Cash Flows
January through December 2006
					Jan - Dec 06
		OPERATING ACTIVITIES
			Net Income		-171,838.95
			Adjustments to reconcile Net Income
			to net cash provided by operations:
				Loan - MPH	-20,000.00
				Symmetry Technologies, Inc	-10,000.00
				Stock	-617.00
				Stock Purchase	-11,625.00
				Short Term Investments	10,250.19
				Short Term Investments:MPH	2,620.00
				Petty cash	-36,842.07
				Accounts Payable	-568.86
				Citi	15,602.22
				Loan - Peter McCain	-94,500.00
				Loan- Ellis Gibson	-126,809.89
				Loan- Mike Skillern	-282,248.76
		Net cash provided by Operating Activities			-726,578.12
		INVESTING ACTIVITIES
			Automobile		-500.00
			Real estate		-30,728.89
		Net cash provided by Investing Activities			-31,228.89
		FINANCING ACTIVITIES
			504 offering		362,500.00
			Opening Bal Equity		-18,997.22
			Common Stock		433,500.00
			Paid in Capital		15,000.00
		Net cash provided by Financing Activities			792,002.78
	Net cash increase for period				34,195.77
	Cash at beginning of period				80,382.28
Cash at end of period					114,578.05