MIT Canada

Annual Data

All numbers in thousands

PERIOD ENDING		30-Sep-05	30-Sep-04	30-Sep-03
Total Revenue		354	196	347
Cost of Revenue		320	165	135

Gross Profit		34	31	211

	Operating Expenses
	Research Development	204	280	267
	Selling General and Administrative	517	1,130	1,579
	Non Recurring	-	-	-
	Others	-	-	-

	Total Operating Expenses	-	-	-


Operating Income or Loss		(687)	(1,378)	(1,635)

	Income from Continuing Operations
	Total Other Income/Expenses Net	0	-	1
	Earnings Before Interest And Taxes	(687)	(1,378)	(1,635)
	Interest Expense	48	37	62
	Income Before Tax	(734)	(1,415)	(1,696)
	Income Tax Expense	-	-	-
	Minority Interest	-	-	-

	Net Income From Continuing Ops	(734)	(1,415)	(1,696)

	Non-recurring Events
	Discontinued Operations	-	-	-
	Extraordinary Items	-	-	-
	Effect Of Accounting Changes	-	-	-
	Other Items	-	-	-


Net Income		(734)	(1,415)	(1,696)
Preferred Stock And Other Adjustments		-	-	-

Net Income Applicable To Common Shares		($734)	($1,415)	($1,696)

Quarterly Data

All numbers in thousands

PERIOD ENDING		30-Jun-06	31-Mar-06	31-Dec-05	30-Sep-05
Total Revenue		99	61	32	119
Cost of Revenue		48	31	22	199

Gross Profit		51	30	9	(80)

	Operating Expenses
	Research Development	61	94	102	30
	Selling General and Administrative	90	597	363	216
	Non Recurring	-	-	-	-
	Others	-	-	-	-

	Total Operating Expenses	-	-	-	-


Operating Income or Loss		(99)	(661)	(455)	(327)

	Income from Continuing Operations
	Total Other Income/Expenses Net	-	0	0	0
	Earnings Before Interest And Taxes	(99)	(1,591)	476	(327)
	Interest Expense	6	7	11	7
	Income Before Tax	(105)	(1,598)	465	(334)
	Income Tax Expense	-	-	-	-
	Minority Interest	-	-	-	-

	Net Income From Continuing Ops	(105)	(668)	(465)	(334)

	Non-recurring Events
	Discontinued Operations	-	-	-	-
	Extraordinary Items	-	-	-	-
	Effect Of Accounting Changes	-	-	-	-
	Other Items	-	-	-	-


Net Income		(105)	(668)	(465)	(334)
Preferred Stock And Other Adjustments		-	-	-	-

Net Income Applicable To Common Shares		($105)	($668)	($465)	($334)