$CANN Income Statement

Advanced Cannabis Solutions, Inc. (CANN)

Income Statement

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All numbers in thousands

Period Ending		Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Mar 31, 2014
Total Revenue		57	97	14	49
Cost of Revenue		14	66	(15)	–

Gross Profit		43	31	29	49

	Operating Expenses
	Research Development	–	–	–	–
	Selling General and Administrative	528	735	1,342	961
	Non Recurring	–	–	–	–
	Others	9	47	13	3

	Total Operating Expenses	–	–	–	–


Operating Income or Loss		(494)	(752)	(1,325)	(915)

	Income from Continuing Operations
	Total Other Income/Expenses Net	(265)	(2,962)	(346)	(953)
	Earnings Before Interest And Taxes	(759)	(3,714)	(1,671)	(1,869)
	Interest Expense	69	41	76	50
	Income Before Tax	(828)	(3,755)	(1,747)	(1,919)
	Income Tax Expense	–	–	–	–
	Minority Interest	–	–	–	–

	Net Income From Continuing Ops	(828)	(3,755)	(1,747)	(1,919)

	Non-recurring Events
	Discontinued Operations	–	–	–	2
	Extraordinary Items	–	–	–	–
	Effect Of Accounting Changes	–	–	–	–
	Other Items	–	–	–	–


Net Income		(828)	(3,755)	(1,747)	(1,917)
Preferred Stock And Other Adjustments		–	–	–	–

Net Income Applicable To Common Shares		(828)	(3,755)	(1,747)	(1,917)