Financial Statements |
TRS.TSX Venture Financial Statements |
| STATEMENTS OF OPERATIONS AND DEFICIT |
|
3 Months Ended August 31, 2002 |
6 Months Ended August 31, 2002 |
3 Months Ended August 31, 2001 |
6 Months Ended August 31, 2001 | |
EXPENSES |
||||
Amortization |
$ - | $ - | $ - | $ - |
Bank charges and interest |
335 | 469 | 117 | 332 |
Management fees |
12,350 | 20,650 | 6,800 | 11,000 |
Office and miscellaneous |
10,344 | 15,170 | 6,096 | 9,696 |
Professional fees |
29,396 | 31,125 | 16,073 | 16,195 |
Property investigation |
- | - | 1,100 | 1,100 |
Telephone |
985 | 1,790 | 681 | 1,583 |
Transfer agent and regulatory fees |
13,057 | 17,661 | 4,593 | 8,729 |
Travel and promotion |
8,340 | 20,141 | - | 2,727 |
| (74,807) | (107,006) | (35,460) | (51,362) | |
| Other Items | ||||
| Management fee revenue | 582 | 582 | - | - |
| Write-off of deferred exploration costs (Note 6) | - | - | - | - |
| Write-off of mineral properties (Note 5) | - | - | - | - |
| 582 | 582 | - | - | |
| Loss for the period | (74,225) | (106,424) | (35,460) | (51,362) |
|
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Deficit, beginning of period |
(3,582,661) | (3,550,462) | (3,86,924) | (3,571,022) |
Deficit, end of period |
$ (3,656,886) | $ (3,656,886) | $ (3,622,384) | $ (3,622,384) |
| Weighted average number of shares outstanding | 15,851,500 | 15,651,500 | 10,443,939 | 9,716,212 |
Basic and diluted loss per share |
$ (0.005) | $ (0.007) | $ (0.003) | $ (0.005) |
The accompanying notes are an integral part of these financial statements.
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