EFTA00727070.pdf

LaserSculpt Inc. Quarterly Income Statement Three months ended September 30, 2009 (Unaudited) Revenues Network fees $ 69,771 License fees 707,167 776,938 Variable Operating Costs Media & advertising 154,705 Telemarketing 25,946 Shipping & fulfillment 19,329 Client management Payment processing 300 200,281 Gross Margin 576,657 Sales, General & Administrative Costs Marketing 656,555 Sales and operations 64,395 Information technology 4,963 General and administrative 152,284 878,198 Net Income (Loss) from Operations (301,541) Other Income/(Expense) (25,000) Net Income (Loss) Before Taxes (326,541) Provision for Corporate Taxes Net Income (Loss) $ (326,541) CONFIDENTIAL FOR INTERNAL USE ONLY EFTA00727070 LaserSculpt Inc. Balance Sheet September 30, 2009 (Unaudited) 30-Sep-09 30-Jun-09 ASSETS CURRENT ASSETS Cash $ 27,201 Prepaid video production costs $ 589,709 Receivables-network 99,023 Deposits 7,250 7,250 Prepaid expenses 61,055 Total current assets 194,528 596,959 PROPERTY AND EQUIPMENT Website 32,066 32,066 $ 226,594 $ 629,025 LIABILITIES AND SHAREHOLDER'S EQUITY CURRENT LIABILITIES Debentures payable $ 500,000 $ Note payable- acquisition 1,000,000 1,000,000 Accounts payable 39,017 132,417 Accrued expenses 37,361 2,083 Deferred revenue 293,333 822,000 1,869,710 1,956,500 STOCKHOLDERS' EQUITY Common stock; $0.001 par value; 50,000,000 shares authorized ; 15,090,000 shares issued and outstanding 15,090 14,000 Additional paid In capital (640,761) (640,761) Retained earnings (deficit) (1,017,445) (700,714) (1,643,116) (1,327,475) $ 226,594 $ 629,025 CONFIDENTIAL FOR INTERNAL USE ONLY EFTA00727071 LaserSculpt Inc. Quarterly Cash Flow Statement Three months ended September 30, 2009 (Unaudited) Cash flows from operating activities: Net Income (Loss) $ (326,541) Change in assets and liabilities: Decrease (increase) in accounts receivable (99,023) Decrease (increase) in prepaid production costs 589,709 Decrease (increase) in other prepaid expenses (61,055) (Decrease) increase in accounts payable (93,400) (Decrease) increase in accrued expenses 35,277 (Decrease) increase in deferred revenue (528,667) Net cash provded (used) by operating activities (483,699) Cash flows from investing activities: Net cash provded (used) by investing activities Cash flows from financing activities: Increase (decrease) in debentures payable 500,000 Proceeds from common stock issued 10,900 Net cash provded (used) by financing activities 510,900 Net increase (decrease) in cash 27,201 Cash, beginning of period Cash, end of period $ 27,201 CONFIDENTIAL FOR INTERNAL USE ONLY EFTA00727072