-------------------------------------------------- GTREX Capital, Inc. Consolidated Statements of Operations (Unaudited) For the Nine Months Ended September 30, For the Nine Months Ended September 30, For the Three Months Ended September 30, For the Three Months Ended September 30, 2007 2006 2007 2006 Revenues Payment from agencies $ 2,000 $ 44,261 $ - $ 5,000 Total Revenues 2,000 44,261 - 5,000 Operating Expenses Administrative fees 112,500 102,500 37,500 37,500 Amortization expense 40,998 40,998 13,666 13,666 Consulting 22,500 39,825 6,000 9,500 Depreciation expense 7,721 6,801 2,574 2,267 Investor relations 16,937 23,356 7,242 9,052 Licenses expense 3,600 28,967 - 4,001 Payroll expense 59,000 - 18,000 - Professional fees 209,738 169,510 55,763 92,770 Rent or Lease expense 11,186 49,288 4,419 11,168 Travel and entertainment expense - 38,140 - 2,333 General & Administrative expenses 25,451 55,831 8,928 11,662 Total Operating Expenses 509,631 555,216 154,092 193,919 Net Operating Loss (507,631) (510,955) (154,092) (188,919) Other Income (Loss) Interest expense (187) (9,196) (153) (780) Unrealized loss on investment - (2,510,460) - (117,115) Minority interest 10,000 - - - Settlements costs (686,594) - - - Total Other Loss (676,781) (2,519,656) (153) (117,895) Loss from Continuing Operations (1,184,412) (3,030,611) (154,245) (306,814) Income Tax Expense - - - - Net Loss $ (1,184,412) $ (3,030,611) $ (154,245) $ (306,814) Net Loss Per Share $ (0.0007) $ (0.0058) $ (0.0001) $ (0.0006) Weighted Average Shares Outstanding 1,741,079,573 519,753,397 1,964,987,542 519,753,397 The accompanying notes are an integral part of these consolidated financial statements.
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