White Mountain Titanium Corporation (WMTM) Income Statement

Advertising and promotion	4.83K
Amortization	18.41K
Bank charges and interest	137.9K
Consulting fees (Note 4(c))	-50.15K
Consulting fees - directors and officers (Note 4(c))	49.25K
Engineering consulting
Exploration	220.09K
Filing fees	1.72K
Insurance	19.9K
Investor relations, net	0
Licenses, taxes and filing fees, net	54
Management fees (Note 4(c))	111.06K
Office (Note 4(c))	16.78K
Professional fees	98.7K
Research and development
Rent	52.83K
Telephone	3.65K
Transfer agent fees	8.29K
Travel and vehicle	32.3K
Loss before other items	-737.42K
Gain on sale of marketable securities
Loss on sale of assets	-64.86K
Adjustment to market for marketable securities
Foreign exchange loss	-5.94K
Dividend income
Interest income	0
Change in fair value of warrants (Note 4(d))
Change in fair value of preferred stock
Financing agreement penalty
Net loss and comprehensive loss for the period
Preferred stock dividends
Net Loss Available for Distribution
Basic and Diluted Loss Per Share	-0.01
Weighted Average Number of Common Shares Outstanding	96.11M

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