* Opening Balance Sheet: Balance Sheet of August 1, 2011 Asset Cash Learn Sphere Grant Payable Net fixed

asset Total assets Liability and Stockholder's Equity Account payable BDP Loan Equity Total equity and Liabilities

103,364 18000 0 121,364

* Balance Sheet as End of Year 1: July 31, 2012

Asset Cash Accounts receivable Inventories Net fixed asset(1) Other assets(2) Total assets 10,572 0 1000 58875 53000 123,447

Liability and Stockholder's Equity Account payable BDP Loan Equity common stock Retained earnings /// Total equity and Liabilities & Equity

(1) Net fixed asset are equal to costs of equipments purchassed in year 1 minus first year (2) other asset refer to certification licencing rights

* Balance Sheet as End of Year 1: July 31, 2012

Asset Cash Accounts receivable Inventories Net fixed asset(1) Other assets Total assets 78,664 0 3000 19625 53000 154,289

Liability and Stockholder's Equity Account payable BDP Loan Equity common stock Retained earnings(2)

Total equity and Liabilities & Equity

(1) The value of net fix and assets at the end of the year 1 minus the depreciation in year 2. Note there is no (2) This si cumulative retained earnings over years 1 and 2

quity 0 0 121364 121364

quity 0 189812 199364 -265729 /// 123447

quity 0 489936 231364 -567011 154289

in year 2. Note there is no