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FEB -29 -2000 08:40 SD4J FACILITIES MANAGMENT 1 541 687 3686 P.18/24 <br /> 02/28/00 'I'[IE 08'00 FAA 541 titl7:JGZl] 44 4ur.A101 urra <br /> • <br /> CON604TDATED STATEMENT OF SHAREHOLDERS' EQUITY <br /> Common Stock additlonal <br /> Paid -in <br /> Shores Amount Capital <br /> <9a 4C, eta cCa <br /> BAT.ASCT, JANUARY 2', 1998 (INCEPTION) 1,000 $ 1,000 S - <br /> Change from en par value to 5,001 (999) 99S <br /> Stcc% split 1,000 -for -1 919,000 999 (99! <br /> ineuance of common stock ' 9,000,000 9,000 <br /> Recapitalization adjustment -- -• (7,50e <br /> Direct cost of revere* acquisition -- -- (36,50C <br /> Contribution of capital - - - - 176,192 <br /> Net loop -- -- -- <br /> BALANCE, DECE?SER 31, 1998 10,000.000 S 10,000 5 132.19; <br /> Issuance of c0rtvrlon stook (Unaudited) 10,000,000 19,000 990,000 <br /> Contribution of capital (unaudited' -- -- 469.312 <br /> Net lots (unaudited) . -- -- -- <br /> BAL,ANCE, SEPTE1483 3o, 1999 (unaudited, 30.000 000 S 20.000 5 1,591,604 <br /> ■CS=.....OG — „—= — c <br /> e / TASLE> <br /> sec notes co the consolidated financial etatemente <br /> F -5 <br /> cPAGE. <br /> IN- SPORTS INTSRBATxoNAL, INC. AND SUBSIDIARY <br /> (A Development Stage Enterprise) <br /> CONSOLIDATED STATEMENTS OF CASH FLOWS <br /> cTABLBa <br /> cCAPTION), <br /> From January 27, <br /> 1995 (inception) to Nine Mc <br /> December 21, Sept <br /> 1998. 1 <br /> (una <br /> 46> cC) eC2 <br /> GASH FLOWS FROM CPCR?.TING ACTIVITZE9: <br /> Net loan S(118,230) 5(c <br /> JAdjuaements to reconcile net loss to net <br /> cosh used in operating activities: <br /> Depreciation 519 <br /> Noss- monetary coat of start -up activity -- 4 <br /> Changes in operating asset. end liabilities: <br /> ous from vender -- l <br /> prepaid czpense and ocher ou reac asset (22,500) <br /> Account. payable 2,564 <br /> Accrued expenses and other current liabilities 0,412 <br /> Net cash used in operating activities - (129,235) 13 <br />