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Rob Phillips

05/15/06 6:16 PM

#1449 RE: gold-nugget #1448

Jeeze

This is so depressing I'm not going to put it on the start page until tomorrow . . . that will show them!

:-)

But it really is depressing, $53K revenue and $813K expenses . . . not selling, but not happy.

Rob



ADVANCE TECHNOLOGIES, INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

<Caption>
Statement of Operations for the Three
Months Ended March 31, 2005
-----------------------------------------
Before After
Restatement Restatement Difference
------------- ------------- -------------

Royalty revenues $ 900 $ 3,300 $ 2,400
Interest expense
related party - (1,435) (1,435)
Net income (loss) (6,558) (5,593) 965
Net income (loss)
per share (0.00) (0.00) -
</Table>

<Table>
<Caption>
Statement of Operations for the Six
Months Ended March 31, 2005
-----------------------------------------
Before After
Restatement Restatement Difference
------------- ------------- -------------

Royalty revenues $ 900 $ 4,200 $ 3,300
Interest expense
related party - (2,696) (2,696)
Net income (loss) (23,481) (22,877) 604
Net income (loss)
per share
(0.00) (0.00) -

<Caption>
Statement of Operations for the Period from
Entering Development Stage on
October 1, 1985 through March 31, 2006
-----------------------------------------
Before After
Restatement Restatement Difference
------------- ------------- -------------

Royalty revenues $ 62,600 $ 53,200 $ (9,400)
Other general and
administrative expense (821,892) (813,892) 8,000
Interest expense
related party - (27,215) (27,215)
Net income (loss) (735,902) (764,517) (28,615)
Net income (loss)
per share (0.13) (0.13) -