Quantum Bit Induction Technology, Inc.					11:48 AM
Statement of Cash Flows					01/03/2008
January through December 2007
					Jan - Dec 07
		OPERATING ACTIVITIES
			Net Income		-345,363.29
			Adjustments to reconcile Net Income
			to net cash provided by operations:
				Loan - MPH	11,967.66
				Symmetry Technologies, Inc	-577.00
				Stock	-5,925.00
				Stock:Option	-1,500.00
				Stock Purchase	-22,100.00
				Petty cash	-58,750.23
				Accounts Payable	21,284.47
				Citi	5,000.00
				American Express	5,000.00
				Loan - Tom Neer2	7,500.00
				UGMA - Katie Gibson	15,000.00
				Loan - Dell Gibson	9,242.83
				loan - Tejas	14,000.00
				Loan - Donna Skillern	25,000.00
				Loan - Peter McCain	101,000.00
				Loan- Ellis Gibson	106,506.69
				Loan- Mike Skillern	63,522.76
		Net cash provided by Operating Activities			-49,191.11
		FINANCING ACTIVITIES
			Class B		50,361.49
			Common Stock		-62,737.00
			Paid in Capital		24,980.00
		Net cash provided by Financing Activities			12,604.49
	Net cash increase for period				-36,586.62
	Cash at beginning of period				115,078.05
Cash at end of period					78,491.43