To the Board of Directors

Item/List test company

1103 Fairlight Ave.
Sedona, AZ 85090

We have audited the accompanying balance sheet Item/List test company as of December 31,
2006, and the related statements of operations and cash flows for 12 months then ended. These
financial statements are the responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United
States of America. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statements
presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects,
the financial position of Item/List test company as of December 31, 2006, and the results of its
operations and its cash flows for the 12 months then ended, in conformity with accounting
principles generally accepted in the United States of America.

June 02, 2009

To the Board of Directors

Item/List test company

1103 Fairlight Ave.
Sedona, AZ 85090

We have reviewed the accompanying balance sheet of Item/List test company as of December
31, 2006, and the related statements of operations and cash flows for the 12 months then ended,
in accordance with Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants. All information included in these financial
statements is the representation of the management of Item/List test company.

A review consists principally of inquires of Company personnel and analytical procedures applied
to financial data. It is substantially less in scope than an audit in accordance with auditing
standards generally accepted in the United States of America, the objective of which is the
expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do
not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the
accompanying financial statements in order for them to be in conformity with accounting
principles generally accepted in the United States of America.

June 02, 2009

6/2/09
Item/List test company
Accrual
BALANCE SHEET
As of December 31, 2006

ASSETS

2006 2005
CURRENT ASSETS
Bank ToEdit $ 1,471.54 $ 447.00
Bank Level 0 2,700.00 948.00
Bank of Anycity 317,883.43 3,891.97
Acct Recv 3 0.00 0.00
Acct Recv 2 0.00 0.00
Accounts Receivable 52,473.11 8,422.73
Employee Advances (1,517.00) 0.00
Inventory Asset 145,070.40 105,698.23
Undeposited Funds 19,767.06 12,000.00

Total Current Assets 537,848.54 131,407.93

PROPERTY AND EQUIPMENT

Fixed Asset ToDelete 0.00 0.00
Fixed Assets 39,923.00 0.00

Total Property and Equipment 39,923.00 0.00

OTHER ASSETS
Other Asset (429.46) 800.00

Total Other Assets (429.46) 800.00

TOTAL ASSETS $ 577,342.08 $ 132,207.93

LIABILITIES AND STOCKHOLDERS' EQUITY

2006 2005
CURRENT LIABILITIES
Acct Payable 3 $ 0.00 $ 0.00
Acct Payable 2 0.00 0.00
Accounts Payable 48,974.00 (2,040.00)
Card of Credit 15,946.59 6,700.00
ToIncome 38.00 0.00
Payroll Liabilities 25,808.69 7,477.27
Sales Tax Payable 5,179.03 2,020.00

Total Current Liabilities 95,946.31 14,157.27

LONG-TERM LIABILITIES
Long Term Liability 32,553.00 800.00

Total Long-Term Liabilities 32,553.00 800.00

Total Liabilities 128,499.31 14,957.27

STOCKHOLDERS' EQUITY
Equity Inactive 800.00 0.00
Opening Bal Equity 349,370.00 1,000.00
Owner's Capital 172.00 0.00
Retained Earnings 117,725.66 0.00

See Accountant's Compilation Report Page 1 of 2

6/2/09
Item/List test company
Accrual
BALANCE SHEET
As of December 31, 2006

Net Income (20,224.89) 116,250.66

Total Stockholders' Equity 447,842.77 117,250.66

Statement Out of Balance 1,000.00 0.00

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 577,342.08 $ 132,207.93

See Accountant's Compilation Report Page 2 of 2

6/2/09
Item/List test company
Accrual
INCOME STATEMENT
12 Months Ended December 31, 2006

12 months ended 12 months ended

% %
Dec 31, 2006 Dec 31, 2005
REVENUE
Income Level 0 $ 0.00 0.00 % $ 0.00 0.00 %
ToEdit 0.00 0.00 % 0.00 0.00 %
Uncategorized Income 26,813.00 68.51 % (571.27) (0.47)%
Accounting Services 128.16 0.33 % 108,736.24 88.62 %
Billing Adjustments 60.00 0.15 % 0.00 0.00 %
Consulting 11,471.69 29.31 % 9,176.00 7.48 %
Reimbursed Expenses (8.00) (0.02)% 15.00 0.01 %
Tax Services 673.00 1.72 % 5,350.00 4.36 %

Total Revenue 39,137.85 100.00 % 122,705.97 100.00 %

COST OF GOODS SOLD

Cost of Goods Sold 12,238.83 31.27 % 4,988.01 4.07 %

Total Cost of Goods Sold 12,238.83 31.27 % 4,988.01 4.07 %

Gross Profit 26,899.02 68.73 % 117,717.96 95.93 %

OPERATING EXPENSES
Expense ToBank (88.00) (0.22)% 0.00 0.00 %
SameName Expense 0.00 0.00 % 0.00 0.00 %
Uncategorized Expenses 20,288.00 51.84 % 0.00 0.00 %
Amortization Expense 17,201.00 43.95 % (470.00) (0.38)%
Automobile Expense 187.21 0.48 % 0.00 0.00 %
Bank Service Charges 0.00 0.00 % 0.00 0.00 %
Cash Discounts 158.00 0.40 % 0.00 0.00 %
Commission 162.00 0.41 % 0.00 0.00 %
Contributions (1,013.00) (2.59)% 0.00 0.00 %
Depreciation Expense (11.00) (0.03)% 10.00 0.01 %
Dues and Subscriptions 0.00 0.00 % 0.00 0.00 %
Equipment Rental (1,290.00) (3.30)% 0.00 0.00 %
Insurance (3,074.00) (7.85)% 0.00 0.00 %
Interest Expense 592.00 1.51 % 0.00 0.00 %
Licenses and Permits 0.00 0.00 % 0.00 0.00 %
Meals and Entertainment 0.00 0.00 % 0.00 0.00 %
Miscellaneous (4,734.05) (12.10)% (2,320.00) (1.89)%
Office Supplies (80.46) (0.21)% 0.00 0.00 %
Payroll Expenses 1,976.21 5.05 % 2,037.30 1.66 %
Postage and Delivery 45.00 0.11 % 0.00 0.00 %
Practice Development 150.00 0.38 % 0.00 0.00 %
Printing and Reproduction 0.00 0.00 % 0.00 0.00 %
Professional Development 755.00 1.93 % 0.00 0.00 %
Professional Fees 8,204.00 20.96 % 2,210.00 1.80 %
Recruiting 0.00 0.00 % 0.00 0.00 %
Rent 51.00 0.13 % 0.00 0.00 %
Repairs 550.00 1.41 % 0.00 0.00 %
Taxes 2,045.00 5.23 % 0.00 0.00 %
Telephone 0.00 0.00 % 0.00 0.00 %
Travel 0.00 0.00 % 0.00 0.00 %
Utilities 0.00 0.00 % 0.00 0.00 %

Total Operating Expenses 42,073.91 107.50 % 1,467.30 1.20 %

Operating Income (Loss) (15,174.89) (38.77)% 116,250.66 94.74 %

OTHER INCOME

See Accountant's Compilation Report Page 1 of 2

6/2/09
Item/List test company
Accrual
INCOME STATEMENT
12 Months Ended December 31, 2006

Other Income Inactive 0.00 0.00 % 0.00 0.00 %

Interest Income (230.00) (0.59)% 0.00 0.00 %
Other Income (3,522.00) (9.00)% 0.00 0.00 %

Total Other Income (3,752.00) (9.59)% 0.00 0.00 %

OTHER EXPENSES
Other Expense ToDelete 0.00 0.00 % 0.00 0.00 %
Other Expenses 1,298.00 3.32 % 0.00 0.00 %

Total Other Expenses 1,298.00 3.32 % 0.00 0.00 %

Income (Loss) Before Income Taxes (20,224.89) (51.68)% 116,250.66 94.74 %

Income Tax 0.00 % 0.00 %

Net Income (Loss) $ (20,224.89) (51.68)% $ 116,250.66 94.74 %

See Accountant's Compilation Report Page 2 of 2

6/2/09
Item/List test company
Accrual
STATEMENT OF CASH FLOWS
12 Months Ended December 31, 2006

12 months ended
Dec 31, 2006
CASH FLOWS FROM OPERATING ACTIVITIES

NET INCOME
Net Income (Loss) $ (20,224.89)

Total Net Income (20,224.89)

ADJUSTMENTS TO NET INCOME

Adjustments to reconcile Net Income (Loss) to net Cash:

0.00
(Increase) Decrease in:
Acct Recv 3 0.00
Acct Recv 2 0.00
Accounts Receivable (44,050.38)
Employee Advances 1,517.00
Inventory Asset (39,372.17)
(Increase) Decrease in:
Acct Payable 3 0.00
Acct Payable 2 0.00
Accounts Payable 51,014.00
Card of Credit 9,246.59
ToIncome 38.00
Payroll Liabilities 18,331.42
Sales Tax Payable 3,159.03

Total Adjustments (116.51)

Net Cash Provided By (Used In) Operating Activities (20,341.40)

CASH FLOWS FROM INVESTING ACTIVITIES

Fixed Asset ToDelete 0.00
Fixed Assets (39,923.00)
Other Asset 1,229.46

Net Cash Provided By (Used In) Investing Activities (38,693.54)

CASH FLOWS FROM FINANCING ACTIVITIES

Long Term Liability 31,753.00
Equity Inactive 800.00
Opening Bal Equity 348,370.00
Owner's Capital 172.00
Retained Earnings 1,475.00

Net Cash Provided By (Used In) Financing Activities 382,570.00

NET INCREASE (DECREASE) IN CASH 323,535.06

CASH AT BEGINNING OF PERIOD

Cash at Beginning of Period 17,286.97

Total Cash at Beginning of Period 17,286.97

CASH AT END OF PERIOD $ 340,822.03

See Accountant's Compilation Report Page 1 of 1

To the Board of Directors

Item/List test company

1103 Fairlight Ave.
Sedona, AZ 85090

We have compiled the accompanying balance sheet of Item/List test company as of December
31, 2006, and the related statements of operations and cash flows for the 12 months then ended,
in accordance with Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants.

A compilation is limited to presenting in the form of financial statements information that is the
representation of the management of Item/List test company. We have not audited or reviewed
the accompanying financial statements and, accordingly, do not express an opinion or any other
form of assurance on them.

June 02, 2009

To the Board of Directors

Item/List test company

1103 Fairlight Ave.
Sedona, AZ 85090

We have compiled the accompanying balance sheet of Item/List test company as of December
31, 2006, and the related statements of operations and cash flows for the 12 months then ended,
in accordance with Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants.

A compilation is limited to presenting in the form of financial statements information that is the
representation of the management of Item/List test company. We have not audited or reviewed
the accompanying financial statements and, accordingly, do not express an opinion or any other
form of assurance on them.

June 02, 2009

6/2/09
Item/List test company
Accrual
BALANCE SHEET
As of December 31, 2006

ASSETS

2006 2005
CURRENT ASSETS
Bank ToEdit $ 1,471.54 $ 447.00
Bank Level 0 2,700.00 948.00
Bank of Anycity 317,883.43 3,891.97
Acct Recv 3 0.00 0.00
Acct Recv 2 0.00 0.00
Accounts Receivable 52,473.11 8,422.73
Employee Advances (1,517.00) 0.00
Inventory Asset 145,070.40 105,698.23
Undeposited Funds 19,767.06 12,000.00

Total Current Assets 537,848.54 131,407.93

PROPERTY AND EQUIPMENT

Fixed Asset ToDelete 0.00 0.00
Fixed Assets 39,923.00 0.00

Total Property and Equipment 39,923.00 0.00

OTHER ASSETS
Other Asset (429.46) 800.00

Total Other Assets (429.46) 800.00

TOTAL ASSETS $ 577,342.08 $ 132,207.93

LIABILITIES AND STOCKHOLDERS' EQUITY

2006 2005
CURRENT LIABILITIES
Acct Payable 3 $ 0.00 $ 0.00
Acct Payable 2 0.00 0.00
Accounts Payable 48,974.00 (2,040.00)
Card of Credit 15,946.59 6,700.00
ToIncome 38.00 0.00
Payroll Liabilities 25,808.69 7,477.27
Sales Tax Payable 5,179.03 2,020.00

Total Current Liabilities 95,946.31 14,157.27

LONG-TERM LIABILITIES
Long Term Liability 32,553.00 800.00

Total Long-Term Liabilities 32,553.00 800.00

Total Liabilities 128,499.31 14,957.27

STOCKHOLDERS' EQUITY
Equity Inactive 800.00 0.00
Opening Bal Equity 349,370.00 1,000.00
Owner's Capital 172.00 0.00
Retained Earnings 117,725.66 0.00

See Accountant's Compilation Report Page 1 of 2

6/2/09
Item/List test company
Accrual
BALANCE SHEET
As of December 31, 2006

Net Income (20,224.89) 116,250.66

Total Stockholders' Equity 447,842.77 117,250.66

Statement Out of Balance 1,000.00 0.00

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 577,342.08 $ 132,207.93

See Accountant's Compilation Report Page 2 of 2

6/2/09
Item/List test company
Accrual
INCOME STATEMENT
Twelve Month Comparison Ended December 31, 2006

Jan Feb Mar Apr May Jun

REVENUE
Income Level 0 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
ToEdit 0.00 0.00 0.00 0.00 0.00 0.00
Uncategorized Income 0.00 10,000.00 300.00 0.00 55.00 0.00
Accounting Services 0.00 0.00 0.00 0.00 3.20 0.00
Billing Adjustments 0.00 0.00 (40.00) 0.00 0.00 0.00
Consulting 970.00 6,800.00 7,790.00 (5,642.31) 250.00 0.00
Reimbursed Expenses 0.00 0.00 0.00 0.00 0.00 0.00
Tax Services 0.00 0.00 0.00 0.00 (500.00) 0.00

Total Revenue 970.00 16,800.00 8,050.00 (5,642.31) (191.80) 0.00

COST OF GOODS SOLD

Cost of Goods Sold 550.00 (1,458.86) 340.00 0.00 2,337.99 0.00

Total Cost of Goods Sold 550.00 (1,458.86) 340.00 0.00 2,337.99 0.00

Gross Profit 420.00 18,258.86 7,710.00 (5,642.31) (2,529.79) 0.00

OPERATING EXPENSES
Expense ToBank 0.00 0.00 0.00 0.00 0.00 0.00
SameName Expense 0.00 0.00 0.00 0.00 0.00 0.00
Uncategorized Expenses 15,000.00 0.00 300.00 1,000.00 0.00 0.00
Amortization Expense 8,000.00 0.00 0.00 9,000.00 (300.00) 0.00
Automobile Expense 0.00 77.21 0.00 0.00 58.77 0.00
Bank Service Charges 0.00 0.00 0.00 0.00 0.00 0.00
Cash Discounts 0.00 0.00 0.00 (100.00) 300.00 0.00
Commission 0.00 0.00 100.00 75.00 (10.00) 0.00
Contributions 0.00 0.00 0.00 0.00 (1,000.00) 0.00
Depreciation Expense 0.00 0.00 0.00 0.00 0.00 0.00
Dues and Subscriptions 0.00 0.00 0.00 0.00 0.00 0.00
Equipment Rental 450.00 0.00 0.00 0.00 0.00 0.00
Insurance 0.00 0.00 (3,000.00) (50.00) 0.00 0.00
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00
Licenses and Permits 0.00 0.00 0.00 0.00 0.00 0.00
Meals and Entertainment 0.00 0.00 0.00 0.00 0.00 0.00
Miscellaneous (450.00) (100.00) (4,500.00) (84.05) 0.00 0.00
Office Supplies 0.00 0.00 0.00 45.00 0.00 0.00
Payroll Expenses 0.00 0.00 (20.00) 1,996.21 0.00 0.00
Postage and Delivery 0.00 0.00 0.00 45.00 0.00 0.00
Practice Development 0.00 0.00 0.00 150.00 0.00 0.00
Printing and Reproduction 0.00 0.00 0.00 0.00 0.00 0.00

See Accountant's Compilation Report Page 1 of 6

6/2/09
Item/List test company
Accrual
INCOME STATEMENT
Twelve Month Comparison Ended December 31, 2006

Professional Development 0.00 400.00 0.00 0.00 0.00 0.00

Professional Fees 5,000.00 (10.00) 3,000.00 (30.00) 0.00 0.00
Recruiting 0.00 0.00 0.00 0.00 0.00 0.00
Rent 0.00 0.00 0.00 0.00 0.00 0.00
Repairs 0.00 350.00 0.00 0.00 0.00 0.00
Taxes 0.00 0.00 2,000.00 0.00 0.00 0.00
Telephone 0.00 0.00 0.00 0.00 0.00 0.00
Travel 0.00 0.00 0.00 0.00 0.00 0.00
Utilities 0.00 0.00 0.00 0.00 0.00 0.00

Total Operating Expenses 28,000.00 717.21 (2,120.00) 12,047.16 (951.23) 0.00

Operating Income (Loss) (27,580.00) 17,541.65 9,830.00 (17,689.47) (1,578.56) 0.00

OTHER INCOME
Other Income Inactive 0.00 0.00 0.00 0.00 0.00 0.00
Interest Income 0.00 0.00 0.00 0.00 0.00 0.00
Other Income 0.00 0.00 (1,050.00) (2,600.00) 0.00 0.00

Total Other Income 0.00 0.00 (1,050.00) (2,600.00) 0.00 0.00

OTHER EXPENSES
Other Expense ToDelete 0.00 0.00 0.00 0.00 0.00 0.00
Other Expenses 0.00 (500.00) 1,200.00 0.00 0.00 0.00

Total Other Expenses 0.00 (500.00) 1,200.00 0.00 0.00 0.00

Income (Loss) Before Income Taxes (27,580.00) 18,041.65 7,580.00 (20,289.47) (1,578.56) 0.00

Income Tax

Net Income (Loss) $ (27,580.00) $ 18,041.65 $ 7,580.00 $ (20,289.47) $ (1,578.56) $ 0.00

See Accountant's Compilation Report Page 2 of 6

6/2/09
Item/List test company
Accrual
INCOME STATEMENT
Twelve Month Comparison Ended December 31, 2006

Jul Aug Sep Oct Nov Dec

REVENUE
Income Level 0 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
ToEdit 0.00 0.00 0.00 0.00 0.00 0.00
Uncategorized Income 110.00 275.00 3,000.00 610.00 0.00 12,463.00
Accounting Services 0.00 0.00 0.00 12.46 10.00 102.50
Billing Adjustments 0.00 0.00 0.00 0.00 0.00 100.00
Consulting 100.00 (6,500.00) 0.00 720.00 80.00 6,904.00
Reimbursed Expenses 0.00 0.00 0.00 0.00 0.00 (8.00)
Tax Services 800.00 0.00 0.00 0.00 0.00 373.00

Total Revenue 1,010.00 (6,225.00) 3,000.00 1,342.46 90.00 19,934.50

COST OF GOODS SOLD

Cost of Goods Sold 9,791.91 (240.00) 0.00 450.00 50.00 417.79

Total Cost of Goods Sold 9,791.91 (240.00) 0.00 450.00 50.00 417.79

Gross Profit (8,781.91) (5,985.00) 3,000.00 892.46 40.00 19,516.71

OPERATING EXPENSES
Expense ToBank 0.00 (88.00) 0.00 0.00 0.00 0.00
SameName Expense 0.00 0.00 0.00 0.00 0.00 0.00
Uncategorized Expenses 0.00 80.00 0.00 3,720.00 0.00 188.00
Amortization Expense 0.00 100.00 0.00 0.00 200.00 201.00
Automobile Expense 0.00 0.00 0.00 0.00 0.00 51.23
Bank Service Charges 0.00 0.00 0.00 0.00 0.00 0.00
Cash Discounts 0.00 0.00 0.00 0.00 0.00 (42.00)
Commission 0.00 30.00 0.00 0.00 0.00 (33.00)
Contributions 0.00 0.00 0.00 (23.00) 0.00 10.00
Depreciation Expense 0.00 0.00 0.00 0.00 0.00 (11.00)
Dues and Subscriptions 0.00 0.00 0.00 0.00 0.00 0.00
Equipment Rental 0.00 0.00 0.00 (2,000.00) 0.00 260.00
Insurance 0.00 20.00 0.00 0.00 0.00 (44.00)
Interest Expense 0.00 0.00 0.00 0.00 0.00 592.00
Licenses and Permits 0.00 0.00 0.00 0.00 0.00 0.00
Meals and Entertainment 0.00 0.00 0.00 0.00 0.00 0.00
Miscellaneous 0.00 0.00 0.00 0.00 0.00 400.00
Office Supplies 0.00 (125.46) 0.00 0.00 0.00 0.00
Payroll Expenses 0.00 0.00 0.00 0.00 0.00 0.00
Postage and Delivery 0.00 0.00 0.00 0.00 0.00 0.00
Practice Development 0.00 0.00 0.00 0.00 0.00 0.00
Printing and Reproduction 0.00 0.00 0.00 0.00 0.00 0.00

See Accountant's Compilation Report Page 3 of 6

6/2/09
Item/List test company
Accrual
INCOME STATEMENT
Twelve Month Comparison Ended December 31, 2006

Professional Development 0.00 0.00 0.00 0.00 0.00 355.00

Professional Fees 0.00 0.00 0.00 0.00 0.00 244.00
Recruiting 0.00 0.00 0.00 0.00 0.00 0.00
Rent 0.00 0.00 0.00 0.00 0.00 51.00
Repairs 0.00 0.00 0.00 0.00 0.00 200.00
Taxes 0.00 0.00 0.00 0.00 0.00 45.00
Telephone 0.00 0.00 0.00 0.00 0.00 0.00
Travel 0.00 0.00 0.00 0.00 0.00 0.00
Utilities 0.00 0.00 0.00 0.00 0.00 0.00

Total Operating Expenses 0.00 16.54 0.00 1,697.00 200.00 2,467.23

Operating Income (Loss) (8,781.91) (6,001.54) 3,000.00 (804.54) (160.00) 17,049.48

OTHER INCOME
Other Income Inactive 0.00 0.00 0.00 0.00 0.00 0.00
Interest Income 0.00 0.00 0.00 0.00 0.00 (230.00)
Other Income 0.00 0.00 0.00 0.00 0.00 128.00

Total Other Income 0.00 0.00 0.00 0.00 0.00 (102.00)

OTHER EXPENSES
Other Expense ToDelete 0.00 0.00 0.00 0.00 0.00 0.00
Other Expenses 0.00 25.00 0.00 0.00 0.00 573.00

Total Other Expenses 0.00 25.00 0.00 0.00 0.00 573.00

Income (Loss) Before Income Taxes (8,781.91) (6,026.54) 3,000.00 (804.54) (160.00) 16,374.48

Income Tax

Net Income (Loss) $ (8,781.91) $ (6,026.54) $ 3,000.00 $ (804.54) $ (160.00) $ 16,374.48

See Accountant's Compilation Report Page 4 of 6

6/2/09
Item/List test company
Accrual
INCOME STATEMENT
Twelve Month Comparison Ended December 31, 2006

Total
REVENUE
Income Level 0 0.00
ToEdit 0.00
Uncategorized Income 26,813.00
Accounting Services 128.16
Billing Adjustments 60.00
Consulting 11,471.69
Reimbursed Expenses (8.00)
Tax Services 673.00

Total Revenue 39,137.85

COST OF GOODS SOLD

Cost of Goods Sold 12,238.83

Total Cost of Goods Sold 12,238.83

Gross Profit 26,899.02

OPERATING EXPENSES
Expense ToBank (88.00)
SameName Expense 0.00
Uncategorized Expenses 20,288.00
Amortization Expense 17,201.00
Automobile Expense 187.21
Bank Service Charges 0.00
Cash Discounts 158.00
Commission 162.00
Contributions (1,013.00)
Depreciation Expense (11.00)
Dues and Subscriptions 0.00
Equipment Rental (1,290.00)
Insurance (3,074.00)
Interest Expense 592.00
Licenses and Permits 0.00
Meals and Entertainment 0.00
Miscellaneous (4,734.05)
Office Supplies (80.46)
Payroll Expenses 1,976.21
Postage and Delivery 45.00
Practice Development 150.00
Printing and Reproduction 0.00

See Accountant's Compilation Report Page 5 of 6

6/2/09
Item/List test company
Accrual
INCOME STATEMENT
Twelve Month Comparison Ended December 31, 2006

Professional Development 755.00

Professional Fees 8,204.00
Recruiting 0.00
Rent 51.00
Repairs 550.00
Taxes 2,045.00
Telephone 0.00
Travel 0.00
Utilities 0.00

Total Operating Expenses 42,073.91

Operating Income (Loss) (15,174.89)

OTHER INCOME
Other Income Inactive 0.00
Interest Income (230.00)
Other Income (3,522.00)

Total Other Income (3,752.00)

OTHER EXPENSES
Other Expense ToDelete 0.00
Other Expenses 1,298.00

Total Other Expenses 1,298.00

Income (Loss) Before Income Taxes (20,224.89)

Income Tax 0.00

Net Income (Loss) $ (20,224.89)

See Accountant's Compilation Report Page 6 of 6

6/2/09
Item/List test company
Accrual
STATEMENT OF CASH FLOWS
12 Months Ended December 31, 2006

12 months ended 12 months ended

Dec 31, 2006 Dec 31, 2005
CASH FLOWS FROM OPERATING ACTIVITIES

NET INCOME
Net Income (Loss) $ (20,224.89) $ 116,250.66

Total Net Income (20,224.89) 116,250.66

ADJUSTMENTS TO NET INCOME

Adjustments to reconcile Net Income (Loss) to net Cash:

0.00 0.00
(Increase) Decrease in:
Acct Recv 3 0.00 0.00
Acct Recv 2 0.00 0.00
Accounts Receivable (44,050.38) (8,422.73)
Employee Advances 1,517.00 0.00
Inventory Asset (39,372.17) (105,698.23)
(Increase) Decrease in:
Acct Payable 3 0.00 0.00
Acct Payable 2 0.00 0.00
Accounts Payable 51,014.00 (2,040.00)
Card of Credit 9,246.59 6,700.00
ToIncome 38.00 0.00
Payroll Liabilities 18,331.42 7,477.27
Sales Tax Payable 3,159.03 2,020.00

Total Adjustments (116.51) (99,963.69)

Net Cash Provided By (Used In) Operating Activities (20,341.40) 16,286.97

CASH FLOWS FROM INVESTING ACTIVITIES

Fixed Asset ToDelete 0.00 0.00
Fixed Assets (39,923.00) 0.00
Other Asset 1,229.46 (800.00)

Net Cash Provided By (Used In) Investing Activities (38,693.54) (800.00)

CASH FLOWS FROM FINANCING ACTIVITIES

Long Term Liability 31,753.00 800.00
Equity Inactive 800.00 0.00
Opening Bal Equity 348,370.00 1,000.00
Owner's Capital 172.00 0.00
Retained Earnings 1,475.00 0.00

Net Cash Provided By (Used In) Financing Activities 382,570.00 1,800.00

NET INCREASE (DECREASE) IN CASH 323,535.06 17,286.97

CASH AT BEGINNING OF PERIOD

Cash at Beginning of Period 17,286.97 0.00

Total Cash at Beginning of Period 17,286.97 0.00

CASH AT END OF PERIOD $ 340,822.03 $ 17,286.97

See Accountant's Compilation Report Page 1 of 1

To the Board of Directors

Item/List test company

1103 Fairlight Ave.
Sedona, AZ 85090

We have reviewed the accompanying balance sheet of Item/List test company as of December
31, 2006, and the related statements of operations and cash flows for the 12 months then ended,
in accordance with Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants. All information included in these financial
statements is the representation of the management of Item/List test company.

A review consists principally of inquires of Company personnel and analytical procedures applied
to financial data. It is substantially less in scope than an audit in accordance with auditing
standards generally accepted in the United States of America, the objective of which is the
expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do
not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the
accompanying financial statements in order for them to be in conformity with accounting
principles generally accepted in the United States of America.

June 02, 2009