International Sports Wagering Inc. Statements of Operations (Unaudited) Three Months Ended December 31, 2000 1999 Revenues, net $724,200 $7,271 Costs and expenses Cost of revenues, research and development expense 237,326 232,146 General and administrative expense 259,808 556,502 497,134 788,648 Operating income (loss) 227,066 (781,377) Interest income 46,864 34,927 Net income (loss) $ 273,930 $(746,450) Net income (loss) per share- basic $0.03 $(0.10) Weighted average basic common shares outstanding 9,030,601 7,853,841 Net income (loss) per share- diluted $0.03 $(0.10) Weighted average diluted common shares outstanding 9,321,768 7,853,841