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
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