FORTUNA GAMING CORP.
(Formerly MoneyFlow Capital Corporation)
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS
(Stated in U.S. Dollars)
OCTOBER 31
2006
2005
(Restated –Note 1)
ASSETS
Current
Cash and cash equivalents
$
8,147
$
4,893
Prepaid expenses (Note 4)
740
333,787
Accounts receivable
-
16,179
Current portion of promissory note
-
21,804
8,887
376,663
Long Term Portion of Promissory Note
-
50,696
Capital Assets (Note 5)
6,766
92,396
$
15,653
$
519,755
LIABILITIES
Current
Accounts payable and accrued liabilities
$
341,088
$
73,274
Acquisition deposits and demand loans (Note 6(a) (b))
267,740
-
Promissory note (Note 6(d))
60,000
-
Demand loan (Note 6(c))
776,729
-
Interest payable
101,676
-
Subscriptions of common shares
-
1,695,710
$
1,547,233
$1,768,984
SHAREHOLDERS’ (DEFICIENCY) EQUITY
Share Capital (Note 7)
Authorized:
100,000,000 common shares with a par value of $0.001 per share
100,000,000 preferred shares with a par value of $0.001 per share
Issued:
68,085,676 common shares (Note 7(e))
68,086
66,393
Additional paid-in capital
3,596,915
1,905,406
Deficit Accumulated During The Development Stage
(5,196,581
)
(3,221,028
)
(1,531,580
)
(1,249,229
)
$
15,653
$
519,755