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CONECTISYS CORP: 10QSB, Sub-Doc 1, Page 3

<page>F-2CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company)CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Three and Nine Months Ended June 30, 2006 and 2005And the Cumulative PeriodFrom December 31, 1990 (Inception) Through June 30, 2006<table> Dec. 1, 1990 (Inception) Period 3 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended Through June 30, June 30, June 30, June 30, June 30, 2006 2005 2006 2005 2006 Unaudited Unaudited Unaudited Unaudited Unaudited C>Revenues $ 0 $ 0 $ 0 $ 0 $ 517,460Cost of prototypes and samples 67,903 32,121 188,563 135,795 1,319,932 ----------------- ----------------- ----------------- ----------------- ----------Gross loss (67,903) (32,121) (188,563) (135,795) (802,472)General and administrative expenses 249,349 397,652 974,460 1,497,589 22,652,608Bad debt 0 0 0 0 1,680,522Write-off of intangible assets 0 0 0 0 1,299,861 ----------------- ----------------- ----------------- ----------------- ----------Loss from operations (317,252) (429,773) (1,163,023) (1,633,384)(26,435,463)Other income (expenses) Forgiveness of debt 0 0 0 0 504,462 Settlement 0 0 0 0 (125,000) Other income 0 0 0 0 12,072 Interest income 642 0 642 0 103,566 Interest expense (387,305) (549,666) (1,004,199) (1,279,882) (7,877,523) Minority interest 0 0 0 0 62,500 ------------------ ----------------- ----------------- ----------------- -----------Net loss $ (703,915) $ (979,439) (2,166,580)$ (2,913,266)$(33,755,386) ================= ================= ================= ================ ============Weighted average sharesoutstanding 13,711,421,521 4,606,915,696 10,675,043,498 2,743,784,176Net loss per share-basic and diluted (0.00) (0.00) (0.00) (0.00)The accompanying notes are an integral part of these condensed consolidatedfinancial statements.
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