American Security Resources Corp. (ARSC)

[HunterSwift]

Where did the money go?

Results of Operation

Nine Months Ended September 30, 2010 Compared to the Nine Months Ended September 30, 2009 The Company had $0 revenues for the nine months ended September 30, 2010. Expenses for the nine months totaled $1,429,210 resulting in an operating loss of $1,429,210. Expenses for the nine months consisted of legal and professional fees of $256,118; $355,022 consulting services; $395,729 research and development; and $403,591 of other general and administrative expenses.

The Company had $0 revenues for the nine months ended September 30, 2009. Expenses for the nine months totaled $1,668,814 resulting in an operating loss of $1,668,814. Expenses for the nine months consisted of legal and professional fees of $250,443; $649,842 consulting services; $286,399 research and development; and $482,130 of other general and administrative expenses.