$CANN Income Statement

Advanced Cannabis Solutions, Inc. (CANN)

Income Statement

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All numbers in thousands

Period Ending		Sep 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013
Total Revenue		14	49	(22)	–
Cost of Revenue		(15)	–	(12)	–

Gross Profit		29	49	(9)	–

	Operating Expenses
	Research Development	–	–	–	–
	Selling General and Administrative	1,342	961	383	313
	Non Recurring	–	–	–	–
	Others	13	3	–	–

	Total Operating Expenses	–	–	–	–


Operating Income or Loss		(1,325)	(915)	(392)	(313)

	Income from Continuing Operations
	Total Other Income/Expenses Net	(346)	(953)	149	(150)
	Earnings Before Interest And Taxes	(1,671)	(1,869)	(243)	(463)
	Interest Expense	76	50	1	–
	Income Before Tax	(1,747)	(1,919)	(244)	(463)
	Income Tax Expense	–	–	–	–
	Minority Interest	–	–	–	–

	Net Income From Continuing Ops	(1,747)	(1,919)	(244)	(463)

	Non-recurring Events
	Discontinued Operations	–	2	11	(9)
	Extraordinary Items	–	–	–	–
	Effect Of Accounting Changes	–	–	–	–
	Other Items	–	–	–	–


Net Income		(1,747)	(1,917)	(233)	(472)
Preferred Stock And Other Adjustments		–	–	–	–

Net Income Applicable To Common Shares		(1,747)	(1,917)	(233)	(472)

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com