F-3

SOLARATTIC, INC.
BALANCE SHEET
(Unaudited)

At December 31
ASSETS

1999

Current Assets
Cash
Accounts receivable
Inventories
Prepaid expenses
Prepaid rent
Prepaid stock issuance costs

$

4,424
1,075
10,287
1,806
6,205
19,872

Total current assets

43,669

Furniture and Equipment
Less accumulated depreciation

66,710
50,548

Net furniture and equipment

16,162

Other Assets
Due from officer
Patent, net of amortization of $46,974
Customer list, net of amortization of $16,500

78,243
14,226
16,500

Total other assets

108,969

Total assets

$

168,800

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Accounts payable and accrued liabilities
Other liabilities
Note payable to bank
Note payable to officer
Contingent payable
Current maturities of note payable to officer

$

63,667
51,685
9,807
8,255
22,750
619

Total current liabilities

156,783

Note Payable to Officer, Net of Current Portion

99,290

Total Liabilities

256,073

Stockholders' Equity (Deficit)
Common stock, no par value; authorized 100,000,000 shares;
issued and outstanding 9,985,947 shares
Retained earnings (deficit)

860,752
(948,025)

Total stockholders' equity (deficit)

(87,273)

Total liabilities and stockholders' equity (deficit)

$

168,800

See Accountant's Compilation Report