Sunsi Energies (PINK:SSIE)

Friday, January 14, 2011

SUNSI ENERGIES INC.

(A Development Stage Company)

Consolidated Balance Sheets

(Expressed in US dollars)
	November 30,			May 31,
	2010			2010
	(unaudited)
Assets

Current assets
Cash	$	467,881		$	598,468
Total current assets		467,881			598,468

Total Assets	$	467,881		$	598,468

Liabilities and Stockholders' Equity

Current liabilities
Accounts payable	$	161,231		$	149,538
Advances payable		28,181			230,981
Compensation payable-related party		-			5,671
Total current liabilities		189,412			386,190

Stockholders' equity
Common stock, $0.001 par value, 75,000,000 shares authorized, 27,566,000 and 27,312,500 issued and outstanding at November 30 and May 31, 2010		27,566			27,312
Additional paid in capital		1,474,810			1,018,764
Accumulated deficit		(1,223,907	)		(833,798	)
Total stockholders' equity		278,469			212,278

Total Liabilities and Stockholders' Equity	$	467,881		$	598,468

See accompanying notes to unaudited financial statements

F-1

SUNSI ENERGIES INC.

(A Development Stage Company)

Consolidated Statements of Operations and Comprehensive (Loss) (Unaudited)

(Expressed in US dollars)

	Three Months						Six Months						From inception
	Ended						Ended						(January 30, 2007) to
	November 30,						November 30,						November 30,
	2010			2009			2010			2009			2010

Revenue	$	-		$			$			$	-		$	-

Operation
Mining exploration		-									-			9,440
Professional fees		205,741			275,332			322,978			433,738			1,028,393
General and administrative		25,972			2,549			67,131			6,482			186,074

		231,713			277,881			390,109			440,220			1,223,907

(Loss)		(231,713	)		(277,881	)		(390,109	)		(440,220	)		(1,223,907	)
Income taxes		-			-			-			-			-

Net (Loss)	$	(231,713	)	$	(277,881	)	$	(390,109	)	$	(440,220	)	$	(1,223,907	)

Net (Loss) Per Common Share Basic and Diluted	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.02	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES		27,483,665			26,894,478			27,456,180			26,826,871

See accompanying notes to unaudited financial statements

F-2

SUNSI ENERGIES INC.

(A Development Stage Company)

Consolidated Statements of Cash Flows (Unaudited)

(Expressed in US dollars)

	Six Months Ended November 30, 2010			Six Months Ended November 30, 2009			From inception (January 30, 2007) to August 31, 2010
Cash flow from operating activities:
Net income (loss) for the period	$	(390,109	)	$	(440,220	)	$	(1,223,907	)
Adjustments to reconcile net loss to net cash provided by (used in) operations		-			-			-
Changes in operating assets and liabilities:
Accounts payable		11,693			71,411			161,231
Accounts payable-related party		-			-			-
Compensation payable-related party		(5,671	)		-			-
Net cash provided by (used in) operating activities		(384,087	)		(368,809	)		(1,062,676	)

Cash flows from investing activities:
Net cash provided by (used in) investing activities		-			-			-

Cash flows from financing activities:
Issuance of common stock		456,300			625,000			1,488,800
Proceeds - advances payable		40,200			265,651			393,484
Payments - advances payable		(243,000	)					(365,303	)
Capital contributions		-			-			13,576

Net cash provided by (used in) financing activities		253,500			890,651			1,530,557

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(130,587	)		521,842			467,881
Cash and cash equivalents at beginning of period		598,468			4,190			-

CASH & CASH EQUIVALENTS AT END OF PERIOD	$	467,881		$	526,032		$	467,881

SUPPLEMENTAL NON-CASH
Financing actiivity
Accrual of cost of issuance in advances payable	$	40,200		$	-		$	161,200

Supplemental disclosures of cash flow information
Cash paid during period for
Interest	$	-		$	-		$	-
Income taxes	$	-		$	-		$	-

See accompanying notes to unaudited financial statements