v2.4.0.6

Consolidated Statements of Operations (USD $)	3 Months Ended
Consolidated Statements of Operations (USD $)	Mar. 31, 2012	Mar. 31, 2011
Revenues	$ 0	$ 0
Expenses:
Stock-based compensation	0	226,075
Other general and administrative	100,971	150,000
Interest expense (including accretion of debt discounts of $125,072 and $0, respectively)	222,971	151,831
Total Expenses	323,942	527,906
Loss from continuing operations	(323,942)	(527,906)
Discontinued Operations:
Gain on divestiture of Airline Intelligence Systems Inc. ("AIS")	4,387,414	0
Loss from operations of AIS	(22,194)	(1,081,890)
Net	4,365,220	(1,081,890)
Net income (loss)	$ 4,041,278	$ (1,609,796)
Net income (loss) per share attributable to common stockholders
Loss from continuing operations	$ 0	$ 0
Income (Loss) from discontinued operations	$ 0.02	$ 0.01
Net income (loss)	$ 0.02	$ (0.01)
Number of weighted average common shares outstanding basic and diluted	201,121,924	151,120,449

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

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AISystems, Inc. 10-Q