RAPIDTRON, INC. (FORMERLY THE FURNISHING CLUB) CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2005 AND 2004 ================================================== UNAUDITED
2005 2004 ------------ ------------ <S> <C> <C> NET SALES $ 150,818 $ 481,949
COST OF GOODS SOLD 54,370 346,012 ------------ ------------
GROSS PROFIT 96,448 135,937
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 281,575 1,251,217 ------------ ------------
LOSS FROM OPERATIONS (185,127) (1,115,280)
OTHER INCOME (EXPENSE) Interest expense (210,517) (6,491) Foreign exchange gain (loss) (31,771) 19,408 ------------ ------------ (242,288) 12,917 ------------ ------------
LOSS BEFORE PROVISION FOR INCOME TAXES (427,415) (1,102,363)
PROVISION FOR INCOME TAXES - 800 ------------ ------------
NET LOSS $ (427,415) $(1,103,163) ============ ============
BASIC AND DILUTED NET LOSS PER COMMON SHARE $ (0.02) $ (0.06) ============ ============
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 20,587,000 19,992,000 ============ ============
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