SHELDON H KRONOWITZ
Certified Public Accountant

3366 HILLSIDE AVENUENEW HYDE PARK, NEW YORK 11040(516)294-8299

Report of Independent Certified Public Accountant

To the Board of Directors
Kopernik Solutions

I have audited the accompanying statement of financial position of Kopernik Solutions,Inc. (the "Organization") as of December 31, 2010, and the related statements of activities and cash
flows for the year then ended. These financial statements are the responsibility of the organization'smanagement. My responsibility is to express and opinion on these financial statements based on my audit.
I conducted the audit in accordance with auditing standards generally accepted in the United States ofAmerica. Those standards require that I plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material mistatement. An audit includes examining, on
a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonablebasis for my opinion.
In my opinion, the financial statements referred to above present fairly, in all material respects, thefinancial position of Kopernik Solutions Inc. as of December 31, 2010, and the changes in its net
assets and cash flows for the year then ended in conformity with accounting principles generally
accepted in the United States of America.

SHELDON H KRONOWITZ
Certified Public Accountant

July 28, 2011

KOPERNIK SOLUTIONSSTATEMENT OF FINANCIAL POSITION
AND CHANGES IN UNRESTRICTED NET ASSETSDECEMBER 31, 2010ASSETS
Current AssetsCashAccounts receivable
Other current assets
Prepaid expenses$$
Fixed Assets
Computers & software
less: accumlated depreciation$$

Other assets
Website costs (net of amortization $2,376)
Start-up costs (net of amortization $600)$

TOTAL ASSETS

139,67525
2,510
142,210

1,748
(92)
1,656

$

7,454
4,545
11,999$155,865$$

11,4545,000
16,454$

139,411$

155,865

LIABILITIES AND NET ASSETS
Current liabilities
Grants payable
Accrued expenses

Net Assets
UNRESTRICTED NET ASSETS
Balance beginning of year
Change in net unrestricted asset(see statement)$TOTAL LIABILITIES AND NET ASSETS

See accountant's report and notes to financial statements

page 2 of 7

31,862
107,549

KOPERNIK SOLUTIONSSTATEMENT OF ACTIVITIESTWELVE MONTHS ENDED DECEMBER 31, 2010

REVENUESUPPORT
Contributions
CorporateFoundations & trusts
Individuals$$

144,838
17,697
146,379
308,914$27,809.0

TOTAL REVENUE$336,723

EXPENSES
Project costs
General & administrative$$

87,050142,124
229,174$107,549

OTHER REVENUENET CHANGE IN UNRESTRICTED ASSETS

See accountant's report and notes to financial statements

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KOPERNIK SOLUTIONSSTATEMENT OF CHANGES IN CASH FLOWTWELVE MONTHS ENDED DECEMBER 31, 2010

CHANGES DUE TO OPERATIONSNet change due to activities$107,549

Increase in Grants payable

11,454

Increase in accrued expenses

5,000

Increase in accounts receivable(25)

Increase in prepaid expenses(2,510)Change due to operations$

13,919$121,468

INVESTING ACTIVITIESPucchase of furniture, fixtures, equipment(921)

Purchase of software(827)

Start up costs(5,145)

Accumulated depreciaiton & amortizations

2,658

Change due to investing activities$(4,235)

NET CHANGE IN CASH FOR PERIOD$117,233

CASH BEGINNING OF PERIOD$22,442

CASH END OF PERIOD$139,675

See accountant's report and notes to financial statements

Page 4 of 7

KOPERNIK SOLUTIONSGENERAL & ADMINISTRATIVEDECEMBER 31, 2010

Accounting
Amortization
Bank fees
Books, publications
Depreciation
Facilities costIndonesian VISA costs
Legal
Liability insurance
Meals & entertainment
Outside service costs
Payroll costs
Postage, mailing
Printing & copy
Public relations
Rent
Sample costs
Storage & shipping
Supplies
Telephone & communicationTravel & conferences
Website$$5,221
2,566
2,585
138
92
236
5,063
6,286
52
1,278
26,446
16,643
408
2,578
7,258
1,947
707
2,835
4,923
8,249
36,018
10,595
142,124

See accountant's report and notes to financial statements

page 5 of 7

KOPERNIK SOLUTIONSNOTES AND DISCLOSURES TO FINANCIAL STATEMENTS
YEAR ENED DECEMBER 31, 2010________________________________________________________________________________NOTE 1 ORGANIZATION
Kopernik Solutions is a not for profit corporation organized under the laws of the State of New York. Thecompany has been approved by the Internal Revenue Service under section 501 ( c ) ( 3 ) of the IRS code.
The company organizes events in order to solicit funds that are uses to provide free and clean energy tothird world countries that are in need for such assistance.

NOTE 2 Summary of significant accounting policies
Basis of presentation
The accompanying financial statements have been prepared on the accural basis of accounting in
comformity with accounting principles accepted in the United States of America.
Use of estimates
The preparation of financial statements in conformity with accounting principles accepted in the UnitedStates of America requires management to make estimates and assumptions that affect certain reported
amounts and disclosures. Accordingly, actual results could differ from those estimates. Management
considers these differences as immaterial and accordingly do not impact the overall financial condition or
results of operations reported on these financial statements
Concentration of credit risk
The funds of the company are primarily deposited in banks that are insured by the FDIC. At times depositsmay exceed FDIC insured limits. In additional there are funds in accounts outside of the United Statesin accounts that are not insured by the FDIC or a similar organization.
Contributions receivable
Contributions are recognized at the time a donor makes an unconditional pledge or promise.
Income taxes
As described in note 1, the company is organized under Section 501 © 3 of the Internal Revenue Code.
The organizatiosn is therefore excempt from all Federal, State and local taxes. Accordingly no provision
for income taxes is required.
Uncertain tax positions
The company complies with the requirements to review its operation to ascertain whether or not they
have taken any uncertain tax positions. This review has not resulted in the recognition of any tax liabilites.
Financial statement presentation
The financial statements are presented in accordance with generally accepted accounting principles fornot for profit entities. Therefore unrestricted funds, temporarliy restricted funds, and permatently restrictedfunds are segregated.

page 6 of 7

KOPERNIK SOLUTIONSNOTES AND DISCLOSURES TO FINANCIAL STATEMENTS
YEAR ENED DECEMBER 31, 2010________________________________________________________________________________NOTE 2 Summary of significant accounting policies
Financial statement presentation(continued)(continued)

Unrestricted funds (net assets) are available for operations and are not otherwise restricted by donor or
Board of Directors.
Temporarily restricted funds are those funds that are subject to donor imposed temporary restrictions
contingent upon performance of future event or passages of time.
Board restricted funds are those funds set aside by the organization's board of directors
Permanently restricted funds are subject to irrevocable donor restrictions requiring that assets bemaintained in perpetuity, usually for the purpose of generating income to funds current operations
As of December 31, 2010 all funds ar recorded as unrestricted. Accordingly there are no temporarily or
permanently restricted net assets.

Furniture and equipment
Furniture and equipment is recorded at cost if purchased or at fair market value on the date of donation.
Depreciaiton is provided on the straight line basis over the estimated useful life of the asset. Expenditures
for repairs and maintenance are expenesd as incurred.
Subsequent events
The organization has evaluted subsequent events through July 28, 2011 which is the date the financial
statements were available to be issued.
Based upon a review of subsequent events management has concluded that there are no adjustments
required to the financial statements as of December 31, 2010.

page 7 of 7