Quantum Bit Induction Technology, Inc.				10:40 AM
Summary Balance Sheet				39871
As of December 31, 2008				Accrual Basis
				Dec 31, 08
ASSETS
	Current Assets
		Checking/Savings		31,471.07
		Other Current Assets		-786,251.06
	Total Current Assets			-754,779.99
	Fixed Assets			6,044.36
	Other Assets			31,115.89
TOTAL ASSETS				-717,619.74
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable	46,699.54
			Credit Cards	29,234.00
			Other Current Liabilities	2,687,816.57
		Total Current Liabilities		2,763,750.11
	Total Liabilities			2,763,750.11
	Equity			-3,481,369.85
TOTAL LIABILITIES & EQUITY				-717,619.74