The accompanying notes are an integral part of these consolidated financial statements. 18 For The Years Ended  June 30, 2001, 2000 and 1999 Common Stock Shares Amount Balance at June 30, 1998 17,069,602 $ 170,696 Issuance of common stock for: Exercise of options 251,720 2,517 Balance at June 30, 1999 17,321,322 173,213 Issuance of common stock for: Exercise of options 137,000 1,370 Private placement 452,500 4,525 Balance at June 30, 2000 17,910,822 179,108 Issuance of common stock for: Exercise of options 190,800 1,908 Balance at June 30, 2001 18,101,622 $ 181,016 For The Years Ended June 30, 2001, 2000 and 1999 Additional Other Paid-In Accumulated Comprehensive Capital Deficit Income (Loss) Balance at June 30, 1998 $ 53,978,827 $ (33,340,707) $ 0 Issuance of common stock for: Exercise of options 48,323 Net loss and comprehensive loss for the  year ended June 30, 1999 (8,808,173) Balance at June 30, 1999 54,027,150 (42,148,880) 0 Issuance of common stock for: Exercise of options 15,755 Private placement 1,805,475 Issuance of treasury shares to: Non-employee directors (2,100) Net earnings and comprehensive income (loss)  for the year ended June 30, 2000 3,952,979 (400,215) Dividends (885,003) Balance at June 30, 2000 55,846,280 (39,080,904) (400,215) Issuance of common stock for: Exercise of options 21,942 Net earnings and comprehensive income (loss) for the year ended June 30, 2001 1,138,297 (153,257) Dividends (894,491) Balance at June 30, 2001 $55,868,222 $ (38,837,098) $ (553,472) CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY