Stock information:
AMERIRESOURCE TECHNOLOGIES, INC. AND SUBSIDIARIES
Consolidated Statement of Stockholders' Equity
For the Quarter Ended March 31, 1999
$.0001 Par Value $.001 Par Value
Common Stock Preferred Stock Additional Stock
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Number Number Paid-In Subscription Treasury Accumulated
of Shares Amount of Shares Amount Capital Receivable Stock Deficit Total
--------- ------ --------- ------ ---------- ------------- -------- ----------- -----------
Balance at December 31, 1997 164,213,803 $ 16,420 3,089,621 $ 3,090 $6,347,954 $ - $(5,625) $(9,600,861) $(3,239,022)
Issuance of Shares for:
S-8 options exercised 33,000,000 3,300 3,300 -
Subscriptions Receivable 41,000,000 4,100 460,900 (465,000) -
Consulting services 62,535,978 6,254 676,151 682,406
Debt 1,958,281 196 137,304 137,500
Accrued Salaries 11,275,327 1,128 42,373 43,501
Stock 23,076,923 2,308 255,586 257,893
Acquisition of FAMC 45,000,000 4,500 4,500
Acquired from FAMC (71,261) (71,261)
Reduction in Subscription Receivable 465,000 465,000
Consideration for guarantee 20,000,000 2,000 18,000 20,000
Net loss for the year ended
December 31, 1998 (4,127,934) (4,127,934)
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Balance at December 31, 1998 382,060,312 $ 40,206 3,089,621 $ 3,090 $7,934,968 $ - $(76,886)$(13,728,795) $(5,827,417)
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Issuance of Shares for:
Consulting Services 50,000,000 5,000 245,000 250,000
Legal Services 40,000,000 4,000 216,000 - 220,000
Sale of Treasury stock 51,905
Net loss for the quarter ended
March 31, 1999 (526,540) (526,540)
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Balance at March 31, 1999 472,060,312 $ 49,206 3,089,621 $ 3,090 $8,395,968 $ - $(24,981)$(14,255,335) $ ()
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