ALSI | Atlas Resources International, Inc. Annual &

Annual Income Statements

(In USD)

Breakdown	2003	2002	2001
Revenue	-	132.92 Thousand	197.38 Thousand
Cost of Revenue	-	132.46 Thousand	237.16 Thousand
Gross Profit	-	456.00	-39.78 Thousand
Operating Expenses	255.5 Thousand	958.3 Thousand	2.64 Million
Selling, General and Administrative Expenses	255.5 Thousand	898.07 Thousand	2.07 Million
Research and Development Expenses	-	60.23 Thousand	541.95 Thousand
Other Expenses	-	-	-
Cost and Expenses	255.5 Thousand	1.09 Million	2.87 Million
Operating Income	255.5 Thousand	957.85 Thousand	2.7 Million
Interest Expense	-	215.01 Thousand	224.39 Thousand
Income Tax Expense	147.99 Thousand	215 Thousand	215.65 Thousand
Earnings before Tax	-	-	-
Net Income	-403.5 Thousand	-1.17 Million	-2.89 Million
Earnings Per Share Basic	-0.04	-0.13	-0.45
Earnings Per Share Diluted	-0.04	-0.13	-0.45
Weighted Average Shares Outstanding	11.31 Million	8.83 Million	6.37 Million
Weighted Average Shares Outstanding (Diluted)	11.31 Million	8.83 Million	6.37 Million
Gross Margin	-	0.00	-0.20
EBIT Margin	-	-7.13	-13.48
Profit Margin	-	-8.82	-14.67
EBITDA	-250.15 Thousand	-947.75 Thousand	-2.66 Million
Earnings Before Tax Margin	-	7.21	13.68

Breakdown	2003 Q3	2003 Q2	2003 Q1	2002 FY	2002 Q4	2002 Q3
Revenue	-	-	-	-	-	-
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
Operating Expenses	54.04 Thousand	61.64 Thousand	58.19 Thousand	255.5 Thousand	172.5 Thousand	28.24 Thousand
Selling, General and Administrative Expenses	54.04 Thousand	61.64 Thousand	58.19 Thousand	-	172.5 Thousand	28.24 Thousand
Research and Development Expenses	-	-	-	-	-	-
Other Expenses	-	-	-	-	-	-
Cost and Expenses	54.04 Thousand	61.64 Thousand	58.19 Thousand	255.5 Thousand	172.5 Thousand	28.24 Thousand
Operating Income	54.04 Thousand	61.64 Thousand	58.19 Thousand	255.5 Thousand	172.5 Thousand	28.24 Thousand
Interest Expense	37.4 Thousand	36.2 Thousand	-	-	-	37.39 Thousand
Income Tax Expense	37.4 Thousand	36.2 Thousand	36.78 Thousand	147.99 Thousand	36.77 Thousand	37.39 Thousand
Earnings before Tax	-	-	-	-	-	-
Net Income	-91.45 Thousand	-97.84 Thousand	-94.98 Thousand	-403.5 Thousand	-209.28 Thousand	-65.64 Thousand
Earnings Per Share Basic	-0.01	-0.01	-0.01	-	-0.02	-0.01
Earnings Per Share Diluted	-0.01	-0.01	-0.01	-	-0.02	-0.01
Weighted Average Shares Outstanding	12.26 Million	12.76 Million	12.76 Million	11.31 Million	12.69 Million	11.02 Million
Weighted Average Shares Outstanding (Diluted)	12.26 Million	12.76 Million	12.76 Million	11.31 Million	12.69 Million	11.02 Million
Gross Margin	-	-	-	-	-	-
EBIT Margin	-	-	-	-	-	-
Profit Margin	-	-	-	-	-	-
EBITDA	-52.91 Thousand	-60.51 Thousand	-57.06 Thousand	-	-171.17 Thousand	-26.9 Thousand
Earnings Before Tax Margin	-	-	-	-	-	-