Eagle Environmental Technologies
		Income Statement Year End 2001
			UNAUDITED
		12 Months		12 Months
		Ended Dec/1		Ended Dec/0
		========		========
Income
Sales Account, Equipment		$31,880		$5,900
Sales Account Zawcad		0		800,000
		------------		------------
TOTAL Income		31,880		805,900
		------------		------------
NET REVENUE		31,880		805,900
		------------		------------
Cost of Goods Sold
Cost of Goods Sold, WaterEquip		26,098		2,866
		------------		------------
TOTAL Cost of Goods Sold		26,098		2,866
		------------		------------
GROSS PROFIT		5,781		803,034
		------------		------------
Expenses
Payroll Costs
Officers Salaries		22,500		54,200
Key Man Insurance		0		2,172
Auto insurance		39		3,430
		------------		------------
TOTAL Payroll Costs		22,539		59,802
		------------		------------
Other  Advertising		0		350
Stock/Trades/Expenses		285		0
Promotional Material		0		350
Gas/Propane		34		550
Electricity		25		104
Water/Sewer		47		133
Bank/Finance charges		0		865
Office Supplies/expenses		0		-1,491
Office Equipment/Lease Exp.		0		563
Telephone		284		3,703
Contract Labor		150,000		142,100
Consulting-general		25,335		3,275
Contract Services		5,350		374,155
Dues & Subscriptions		0		154
Auto lease expense		0		-19,199
Auto  Operate Expense		0		2,510
Postage Costs		0		1,237
Freight Expense		0		70
Travel & Entertainment		1,192		4,838
Personal expenses		0		360
Promotional		0		144
Shareholder Meetings		891		2,372
Interest expense		0		9,697
Legal & Accounting		37,532		92,759
Professional fees		7,249		57,085
Rent		9,882		40,307
Depreciation Expenses		0		13,826
		------------		------------
TOTAL Expenses		260,645		790,621
		------------		------------
OPERATING PROFIT		-254,864		12,414
		------------		------------
Other Income & Expenses
Stock Sales,Treasury Issue		0		-501,893
Stock sale, Convert. Debenture		0		-9,000
Stock sale, Warrants		45,900		130,506
Miscellaneous Income		0		2,509
Interest Expense		0		-154
		------------		------------
TOTAL Other Income & Expenses		45,900		-378,033
		------------		------------
PROFIT BEFORE TAXES		-208,964		-365,619
		------------		------------
NET PROFIT		($208,964)		($365,619)
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