BIFS TECHNOLOGIES CORPORATION
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CONSOLIDATED BALANCE SHEET
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MARCH 31, 2001
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LIABILITIES AND STOCKHOLDERS' EQUITY
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CURRENT LIABILITIES
Current portion of related party
notes payable $ 34,675
Accounts payable and accrued expenses 404,498
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TOTAL CURRENT LIABILITIES 439,173
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OTHER LIABILITIES
Notes payable to majority stockholder 1,218,999
Other stockholder notes payable 348,900
Related party notes payable,
less current portion 61,073
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1,628,972
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COMMITMENTS AND CONTINGENCIES -
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STOCKHOLDERS' EQUITY
Common stock $.00001 par value,
800,000,000 shares authorized,
525,320,716 shares issued and
524,820,716 shares outstanding 5,253
Additional paid-in capital 6,885,597
Deferred stock options ( 283,669)
Accumulated deficit (5,383,554)
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1,223,627
Less treasury stock ( 10,000)
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1,213,627
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$ 3,281,772
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