Quantum Bit Induction Technology, Inc.					10:43 AM
Statement of Cash Flows					02/27/2009
January through December 2008
					Jan - Dec 08
		OPERATING ACTIVITIES
			Net Income		-4,002,121.61
			Adjustments to reconcile Net Income
			to net cash provided by operations:
				Stock	1,778,580.00
				Stock Purchase	2,903.00
				Petty cash	-54,771.82
				Accounts Payable	2,290.33
				Amex (SA)	176.71
				Loan - Chad Reed2	66,000.00
				Loan - Steve Skillern	1,000.00
				Loan - MER	32,700.00
				Loan - Tom Neer2	43,000.00
				UGMA - Katie Gibson	-4,700.00
				Loan - Dell Gibson	-3,760.00
				loan - Tejas	-7,520.00
				Loan - Donna Skillern	-16,800.00
				Loan - Chris Hymel	-45.00
				Loan - Peter McCain	714,800.00
				Loan- Ellis Gibson	710,733.37
				Loan- Mike Skillern	609,557.46
		Net cash provided by Operating Activities			-127,977.56
		FINANCING ACTIVITIES
			Class B		6,300.00
			Common Stock		76,704.78
			Common Stock:Warrants - 2008		4,125.00
			Paid in Capital		5,000.00
		Net cash provided by Financing Activities			92,129.78
	Net cash increase for period				-35,847.78
	Cash at beginning of period				67,318.85
Cash at end of period					31,471.07