SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

 

FORM10-KSB/A

 

[] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE

SECURITIESEXCHANGE ACT OF 1934

 

[X]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIESEXCHANGE ACT OF 1934

 

| For      the fiscal year ended: December 31, 2003   
 Commission      file number 000-27853
 

CARDINALMINERALS, INC

(Exactname of registrant as specified in its charter)

 

 

**Nevada   **
** 86-0913555**
(State      or other jurisdiction of   
 (I.R.S.      Employer
incorporation      or organization)   
 Identification      Number)
**  **
**2950      E. Flamingo Rd, Suite B**
**Las      Vegas, Nevada   **
** 89121**
(Address      of Principal Executive Offices)   
 (Zip      Code)** 

(800)537-4099**
(Registrant'stelephone number, including area code)

 
**SUNPOWER CORPORATION

414Viewcrest Rd., Kelowna, B.C. V1W 4J8**
(Formername or former address, if changed since last report)

 

Securitiesregistered under Section 12(b) of the Exchange Act:

None

 

Securitiesregistered under Section 12(g) of the Exchange Act:

CommonStock, $.01 par value

(Titleif Class)

 

Indicateby check mark whether the registrant (a) has filed all reports required to befiled by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was requiredto file such reports), and (2) has been subject to such filing requirements forthe past 90 days. Yes X No
 

Indicateby check mark if disclosure of delinquent filers pursuant to Item 405 ofRegulation S-B is not contained herein, and will not be contained, to the bestof registrant's knowledge, in definitive proxy or information statementsincorporated by reference in Part III of this Form 10-K or any amendment to thisForm 10-K. [ ]

Thenumber of shares of Common Stock, $0.01 par value, outstanding on February 29,2004, was 21,316,968 (post 3:1) shares, held by approximately 48 stockholders.

 

Theissuer's revenues for its most recent fiscal year ended December 31, 2003. $0.

 

Theaggregate market value of the voting and non-voting common equity held bynon-affiliates computed by reference to the average bid and ask price, as ofMarch 31, 2004 was $4,214,777 based on a share value of $ 0.29.

 

TransitionalSmall Business Disclosure Format (check one): Yes ___ No X**CARDINALMINERALS, INC

(ADEVELOPMENT STAGE COMPANY)

FORTHE FISCAL YEAR ENDED

December31, 2003

 

Indexto Report

onForm 10-KSB

 

 **
PART      I   
   
Page
Item      1.
Business
1
Item      2.
Properties
4
Item      3.
Legal      Proceedings
10
Item      4.
Submission      of Matters to a Vote of Security Holders
10
 

PART II

 

Item      5.
Market      for Registrant's Common Equity and Related Stockholder Matters
10
Item      6.
Plan      of Operation
12
Item      7.
Financial      Statements and Supplementary Data
16
Item      8.
Changes      in and Disagreements With Accountants on Accounting and Financial      Disclosure
17
Item      8.A.
Controls      and Procedures
17
 

PARTIII

 

Item      9.
Directors      and Executive Officers of the Registrant
17
Item      10.
Executive      Compensation
21
Item      11.
Security      Ownership of Certain Beneficial Owners and Management
24
Item      12.
Certain      Relationships and Related Transactions
25
Item      13.
Exhibits,      Financial Statement Schedules and Reports on Form 8-K
26
Item      14
Principal      Accountant Fees and Services
27
Thisform 10-KSB contains forward-looking statements within the meaning of thefederal securities laws. These forward-looking statements are necessarily basedon certain assumptions and are subject to significant risks and uncertainties.These forward-looking statements are based on management's expectations as ofthe date hereof, and the Company does not undertake any responsibility to updateany of these statements in the future. Actual future performance and resultscould differ from that contained in or suggested by these forward-lookingstatements as a result of factors set forth in this Form 10-KSB (including thosesections hereof incorporated by reference from other filings with the Securitiesand Exchange Commission), in particular as set forth in the "Plan ofOperation" under Item 6.

 

Inthis form 10-KSB references to "CMI", "the Company","we," "us," and "our" refer to CARDINAL MINERALS,INC.

 
**PARTI**
 
**ITEM1. DESCRIPTION OF BUSINESS**
 
**(a)General Business Development**
Weare a Nevada corporation formed on August 20, 1996 under the name "HayotonCompany Incorporated" as a management company for resorts and hotelproperties. On September 24, 1996, we changed our name from "HayotonCompany Incorporated" to "Hyaton Company Incorporated" and thento "Hyaton Organics Inc." on October 21, 1999. On November 1, 2001, wechanged our name to "Sun Power Corporation". On December 30, 2003 weamended our articles and changed our name to Cardinal Minerals, Inc. We believeit is important that our corporate name be reflective of our future businessintentions of dedicating itself to the acquisition of revenue producing miningassets.

 

Weinitially executed a Purchase Option Agreement dated December 16, 2002 toacquire an option to purchase all of the issued and outstanding shares of MineraReal de Cosala SA de CV, a copper-silver mine located in the state of Sinaloa,Mexico. On October 15, 2003 we announced in a Form 8-K and Press Release thatthis option had expired as we had been unsuccessful in closing a financing basedon the sale of a rated debenture within the allotted time period.

 
**NewBusiness Opportunities**
 

OnJanuary 26, 2004, the Registrant executed an Assignment of Purchase OptionAgreement, (attached as exhibit 10-3 to Form 8-K filed on March 5, 2004) withKen Swaisland, a majority stockholder of the registrant, for the option topurchase all the assets of Hunter Gold Mining Inc and Hunter Gold MiningCorporation including the Bates Hunter Mine and the Golden Gilpin Mill(collectively the "Bates-Hunter Mine"), which includes a dewateringplant, mining properties, claims, permits and all ancillary equipment free andclear of any and all financial liens or encumbrances, for a fixed price of$3,000,000 and a 1% net smelter royalty payable to Goldrush Casino and MiningCorporation and a 2% net smelter royalty payable to Mr. Swaisland.

 

1
**Bates-HunterProject

 **
Weintend to acquire the Bates-Hunter Mine through an assignment of a purchaseoption agreement with Hunter Gold Mining Inc. and Hunter Gold Mining Corporationwhich owns a 100% interest in the Bates Hunter Mine, located in Central City,Colorado about 35 miles west of Denver.

 

TheCentral City District is one of the older mining camps in Colorado. For a periodof 40 years, this district was a productive and well known gold mining area.Since 1859, more than 4 million ounces of gold have been mined from thisdistrict with over 25% of this production coming from the area immediatelysurrounding the Bates-Hunter Mine. The Bates was located on May 15,th 1859(the second lode discovery in the State) and is now part of the holdings of theBates-Hunter Mine.

 

Inpreparation for the acquisition, Mr. Swaisland independently engaged Mr. GlennR. O'Gorman, P. Eng., a practicing mining engineer and miner since 1974, toundertake a preliminary assessment of the project. Mr. O'Gorman's reportincluded a geological report (March, 1997) prepared by Stephen Tedesco,Geologist, which detailed and mapped the nine principle gold bearing veinsunderlying the Bates-Hunter property. Following our review, we executed anAssignment of Option to Purchase Agreement with Mr. Swaisland, a majorstockholder of our Company and the optionor of the properties under thefollowing terms and conditions: in return for the assignment, Mr. Swaisland isto receive $30,000 on signing of the Assignment and conditional upon closing ofthe acquisition, a 2% net smelter return royalty and 2,000,000 share purchasewarrants at a price equal to the 10 day trading average immediately prior to theformal closing of the acquisition.

 

Subsequentto his preliminary assessment, Mr. O'Gorman was engaged to prepare a moredetailed Exploration and Development Plan for presentation to the vendors,brokers, dealers, marketing agencies, current stockholders and futurestockholders. This Exploration and Development Plan was attached to a Form 8-Kfiled on March 5, 2004 as Exhibit 99.

 

Followingreceipt of Mr. O'Gorman's plan, we executed an amending letter agreement onMarch 30, 2004 with George Otten confirming certain amendments, additions andclarifications relative to the original option agreements between Hunter GoldMining Corporation and Mr. Swaisland, namely:
-  acceptance of Mr. O'Gorman's Exploration and Development Plan for the      Bates-Hunter Project dated March 1, 2004 where we would fund and complete      Phase I of that report to de-water and rehabilitate the mine shaft, map      and sample all historical workings at an estimated cost of $500,000 by      October 31, 2004. After dewatering and rehabilitation had been completed,      we would undertake a diamond drilling work program at an estimated cost of      $650,000 by June 30, 2005 to explore both above and underneath the old      workings to pinpoint thick high grade areas at vein intersections and      estimate ore reserves to decide if further expenditures are warranted. We      reserved the right should the results of Phase 1 be unfavorable, to return      the option and to complete the work programs by these specified dates or      the agreements would become null and void.
2
-   to prepare the formal closing agreements based on the purchase price of      $3,000,000 for all of the assets of Hunter Gold Mining Corporation's      wholly owned US subsidiary Hunter Gold Mining Inc. The formal agreements      are to be based on an asset purchase rather than a stock purchase as      contemplated in the original agreements, provided that there should be no      withholding or transfer tax applicable to the said transaction, otherwise      the transaction will revert to a stock purchase as originally      contemplated.we agreed that a contract for the dewatering of the Bates-Hunter      mine-shaft as recommended by Mr. O'Gorman will be entered into with a      corporation controlled by George Otten. The general terms of the contract      will call for Mr. Otten to organize and manage the dewatering of the mine      shaft on a cost plus overhead basis. A formal contract encompassing the      dewatering process is targeted for execution on or before April 15, 2004.      Mr. O'Gorman will be retained to manage the contract and its related      payments. the July 31, 2004 closing date as specified in a January 31, 2004      extension agreement between Hunter Gold Mining Corporation and Mr.      Swaisland has been extended. Formal closing of the purchase of the assets      of the Hunter Gold Mining Corporation shall now occur within 90 days      following the receipt of data from the underground drilling program      recommended by Mr. O'Gorman, or September 30, 2005 whichever is earlier.
We arenow exploring various financing options in order to fund the Phase 1 workprogram recommended by Mr. O'Gorman.
** **
CRITICALACCOUNTING POLICIES

 

Thediscussion and analysis of our financial condition and results of operations,including the discussion of liquidity and capital resources, are based upon ourfinancial statements, which have been prepared in accordance with accountingprinciples generally accepted in the United States. The preparation of thesefinancial statements requires that we make estimates and judgments that affectthe reported amounts of assets, liabilities, revenues and expenses, and relateddisclosure of contingent assets and liabilities. On an ongoing basis, managementre-evaluates its estimates and judgments. Actual results could differ from theestimates. We believe the following accounting policy requires significantjudgment in the preparation of the consolidated financial statements.

 

Ourconsolidated financial statements have been prepared on the going concern basis,which assumes that we will be able to realize our assets and discharge ourobligations in the normal course of business. If we were not to continue as agoing concern, we would likely not be able to realize on our assets at valuescomparable to the carrying value or the fair value estimates reflected in thebalances set out in the preparation of the consolidated financial statements. Asdescribed elsewhere in this report, at December 31, 2003, there are certainconditions that currently exist that raise substantial doubt about the validityof this assumption. While we anticipate raising additional private placementfunds to remove the substantial doubt, these private placements are not assured.Failure to raise additional funds may result in the curtailing of our operationsor writing our assets and liabilities down to liquidation values, or both.
** **
3
**ITEM2. DESCRIPTION OF PROPERTY**
 

Wecurrently maintain a mailing address at 2950 E. Flamingo Rd., Suite B, LasVegas, NV 89121. Our yearly rent of $900 is pre-paid semi-annually.Additionally, Roland Vetter, our President, Andrew Schwab, our Secretary andCarol O'Shea, our Treasurer, will utilize from time to time their home officesto conduct business on our behalf. Neither Mr. Vetter, Mr. Schwab or Ms. O'Sheareceive any remuneration for the use of their offices on our behalf. We do notbelieve that we will need to obtain additional office space at any time in theforeseeable future, approximately 12 months, until our business plan is morefully implemented.

 

Asa result of our method of operations and business plan, we do not require fulltime personnel to conduct our business. At present, management and consultingservices are provided by outside firms or independent contractors on an asneeded basis. In the future we anticipate requiring additional office space andadditional personnel; however it is unknown at this time how much space or howmany individuals will be required.
** 

RISKFACTORS**
 

Aninvestment in our common stock involves a high degree of risk. You shouldcarefully consider the risks described below and the other information in thisannual report and any other filings we have made in the past or that we may makewith the United States Securities and Exchange Commission in the future beforeinvesting in our common stock. If any of the following risks occur, ourbusiness, operating results and financial condition could be seriously harmed.The trading price of our common stock could decline due to any of these risks,and you may lose all or part of your investment.
* 
**IfWe Do Not Obtain Financing, We Will Not Be Able To Purchase the Bates-HunterMine And Implement Our Business Plan***
 

Wedo not currently have any operations, cash or income, although our business plananticipates that we will require approximately $1,200,000 to dewater the mineand drill down depth to estimate the ore reserves and the potential to support aproduction rate of 400 tons per day ("TPD") at a grade of 0.40 oz/ton.The economics of mining at this rate are favorable. The ratio of revenue tooperating cost would be in the order of 2:1 resulting in an annual profit ofabout $11 million. It is estimated that it will take about 1-1/2 years toexplore and develop the project through to production at an estimated capitalcost of approximately $7,800,000. Capital payback is estimated to be less thanone year. The total project cost is expected to be in the range of $12 millionincluding property acquisition payments. Our only source for raising all or anypart of these funds is through an offering of debt or equity.

 

4

Wemay not be able to obtain equity or debt financing. Even if financing isavailable it may not be available on terms that are favorable to us or inamounts sufficient to satisfy our requirements. If we are unable to obtainfinancing in amounts sufficient to permit the acquisition of the Bates-HunterMine, then we will not be able to purchase the mine. Similarly, if we are unableto raise the additional amounts needed to upgrade or expand the existing mineand mill, we will be unable to implement our business plan.

 

Ifthe costs of the acquisition, upgrade and operation of the Bates-Hunter Projectare greater than we currently anticipate, we may be required to raise morecapital than we are currently seeking to raise. Also, if we require, but areunable to obtain, additional financing in the future for operations, additionalupgrades to the Bates-Hunter Project or other cash requirements, we may beunable to implement our business plan and our growth strategies, respond tochanging business or economic conditions, withstand adverse operating results,and compete effectively. More importantly, if we are unable to raise furtherfinancing when required, our operation of the mine may have to be scaled down oreven discontinued.
* 
**WeHave A History Of Losses And No Operating Results, Which Raises SubstantialDoubt About Our Ability To Continue As A Going Concern.***
 

Wehave suffered recurring losses and we have not generated any profit sinceinception. At December 31, 2003, we had a working capital deficiency of $153,923and a stockholders' deficiency of $141,571. We do not expect positive cash flowfrom operations in the near term and there is no assurance that we will operateprofitably or will generate positive cash flow in the future. In addition, if wesuccessfully acquire the Bates-Hunter Project, our future operating results maybe subject to significant fluctuation due to many factors not within ourcontrol, such as the actual cost of the acquisition and the subsequent upgradeand expansion of the Bates-Hunter Project, staffing, identifying and negotiatingagreements with customers, market demand for our products, metals prices and thelevel of competition and general economic conditions.

 

Evenif we successfully acquire and upgrade the Bates-Hunter Project, we expect toincur operating losses and negative cash flow until production and processing ofthe ore reaches a volume sufficient to generate a profit. These circumstancesraise substantial doubt about our ability to continue as a going concern, asdescribed in the explanatory paragraph to our independent auditors' report onthe December 31, 2003 consolidated financial statements, which are included withthis annual report on Form 10-KSB.
* 
**BecauseWe Have Not Yet Commenced Business Operations, We Face A High Risk of BusinessFailure***
 

Wewere incorporated in August, 1996 and to date have been involved primarily inorganizational, research and development activities. Any revenues that we haveearned as at the date of this annual report have been nominal and have not beenas the result of operations. The likelihood of our success must be considered inlight of the problems, expenses, difficulties, structuring complications anddelays that may be encountered as we attempt to implement our plan to acquire,upgrade, expand and operate the Bates-Hunter Project and similar operatingresource properties. These potential problems include, by way of example and notin limitation, unanticipated problems in conducting our due diligence reviewsand in completing the transaction, as well as those we might experience when weattempt to upgrade and expand the mine, difficulties in identifying andnegotiating economically feasible arrangements with customers to which we cansell and deliver ore concentrate, staffing and additional costs, expenses andlogistics. We have no operating history upon which to base any assumption thatwe will prove successful, and we can provide investors with no assurance that wewill successfully acquire, upgrade and expand the Bates-Hunter Project, generateany operating revenues or achieve profitability. If we are unsuccessful inaddressing these risks, our business will most likely fail.
* *
5
***EvenIf We Successfully Acquire the Bates-Hunter Project, Mining Is An InherentlySpeculative Business And There is A Substantial Risk That Our Business MayThereafter Fail***
 

Wecan provide investors with no assurance that the Bates-Hunter Project containscommercially exploitable reserves of gold or any other mineral. Exploration forand exploitation of minerals is a speculative venture involving substantialrisk. The expenditures that we propose to make in order to acquire, upgrade andexpand the Bates-Hunter Project may not result in the discovery of sufficientquantities of gold. Mine development and operation frequently involves discoveryof unexpected problems, expenses and delays.

 

Otherfactors that may adversely affect implementation of our business plan include,by way of example and not in limitation, volatility in metals prices, generalmarket fluctuations, regional and global gold production volume, productioncosts, environmental remediation, reclamation, and other environmental costs,cave-ins and similar hazards, cash flow and project development risks, andgovernment regulation, including regulation relating to prices, taxes,royalties, land tenure, land use, importation and exportation of minerals, andenvironmental protection. The exact effect of these factors cannot be accuratelypredicted, but the combination of these factors may result in our not receivingan adequate return on invested capital. The cost of these liabilities, if weexperience any of them, could have a material adverse effect on our company.
* 
**WeExpect To Experience Significant And Rapid Growth In The Scope And Complexity OfOur Business As We Proceed With The Development Of Our Property. If We AreUnable To Hire Staff To Handle Production And Manage Our Operations, Our GrowthCould Harm Our Future Business Results And May Strain Our Managerial AndOperational Resources.***
 

Wedo not currently have any employees but if we complete the purchase of theBates-Hunter Project we will need to hire a significant number of qualifiedemployees in a very short period of time. Even if we can identify and hiresufficient staff, all new employees will require training, and this may delaythe commencement of operations or the expansion of production capacity.
* *
6
***IfOur Due Diligence Review Does Not Confirm That The Bates-Hunter Project Fits OurBusiness Plan Criteria, We May Not Complete The Purchase. If We Do Not CompleteThe Purchase Of the Bates-Hunter Project, Our Business May Fail.***
 

Ourbusiness plan anticipates the acquisition of resource properties with expandablereserves and the ability to increase production and cash flow through projectfinancing. We are still conducting our due diligence review of the Bates-HunterProject. When we have finished our due diligence, we may find that the mine doesnot fit within the criteria that we have established in our business plan and wemay choose not to complete the purchase of the Bates-Hunter Project. If we donot purchase the Bates-Hunter Project, we will not be able to generate anyrevenue and our company could fail.
* 
**SubstantiallyAll Of Our Assets, Two Of Our Directors And All Of Our Officers Are Outside TheUnited States, With The Result That It May Be Difficult For Investors To EnforceWithin The United States Any Judgments Obtained Against Us Or Any Of OurDirectors Or Officers.***** **
Substantiallyall of our assets are located outside the United States and we do not currentlymaintain a permanent place of business within the United States. In addition,one of our directors and a majority of our officers are nationals and/orresidents of countries other than the United States, and all or a substantialportion of such persons' assets are located outside the United States. As aresult, it may be difficult for investors to enforce within the United Statesany judgments obtained against us or our officers or directors, includingjudgments predicated upon the civil liability provisions of the securities lawsof the United States or any state thereof.
* 
**Ourcommon stock is illiquid and the price of our common stock may be negativelyimpacted by factors which are unrelated to our operations**.**
 

Ourcommon stock currently trades on a limited basis on the OTC Bulletin Board andthe Berlin Stock Exchange. The market price of our common stock could fluctuatesubstantially due to a variety of factors, including market perception of ourability to achieve our planned growth, quarterly operating results of othercompanies, trading volume in our common stock, changes in general conditions inthe economy and the financial markets or other developments affecting ourcompetitors or us. In addition, the stock market is subject to extreme price andvolume fluctuations. This volatility has had a significant effect on the marketprice of securities issued by many companies for reasons unrelated to theiroperating performance and could have the same effect on our common stock.
* 
**Adecline in the price of our common stock could affect our ability to raisefurther working capital and adversely impact our ability to continue our normaloperations**.**
 

Aprolonged decline in the price of our common stock could result in a reductionin the liquidity of our common stock and a reduction in our ability to raisecapital. Because our operations have been primarily financed through the sale ofequity securities, a decline in the price of our common stock could beespecially detrimental to our liquidity and our operations. Such reductionswould force us to reallocate funds from other planned uses and would have asignificant negative effect on our business plans and operations, including ourability to develop new products and continue our current operations. If ourstock price declines, there can be no assurance that we can raise additionalcapital or generate funds from operations sufficient to meet our obligations. Ifwe are unable to raise sufficient capital in the future, we may not be able tohave the resources to continue our normal operations.

 

7
***OurArticles of Incorporation and Bylaws and Nevada law contain provisions thatcould delay or prevent a change of control and could limit the market price ofour common stock.***
Ourauthorized capital stock consists of 100,000,000 shares of common stock and25,000,000 shares of preferred stock. To date, our Series A, Series B and SeriesC preferred stock has been designated. No shares of our Series A or Series Bpreferred stock remain outstanding. We have signed an agreement dated December28, 2003 for the return and conversion of all of our Series C preferred stockand are presently awaiting to complete its exchange. Our board of directors,without any action by stockholders, is authorized to designate and issue sharesof preferred stock in any class or series as it deems appropriate and toestablish the rights, preferences and privileges of these shares, includingdividends, liquidation and voting rights. The rights of holders of shares ofpreferred stock that may be issued may be superior to the rights granted to theholders of existing shares of our common stock. Further, the ability of ourboard of directors to designate and issue such undesignated shares could impedeor deter an unsolicited tender offer or takeover proposal and the issuance ofadditional shares having preferential rights could adversely affect the votingpower and other rights of holders of our common stock.
* 
**Tradingof our stock may be restricted by the SEC's penny stock regulations which maylimit a stockholder's ability to buy and sell our stock.***
 

TheSecurities and Exchange Commission has adopted regulations which generallydefine "penny stock" to be any equity security that has a market price(as defined) less than $5.00 per share or an exercise price of less than $5.00per share, subject to certain exceptions. Our securities are covered by thepenny stock rules, which impose additional sales practice requirements onbroker-dealers who sell to persons other than established customers and"accredited investors". The term "accredited investor"refers generally to institutions with assets in excess of $5,000,000 orindividuals with a net worth in excess of $1,000,000 or annual income exceeding$200,000 or $300,000 jointly with their spouse. The penny stock rules require abroker-dealer, prior to a transaction in a penny stock not otherwise exempt fromthe rules, to deliver a standardized risk disclosure document in a form preparedby the SEC which provides information about penny stocks and the nature andlevel of risks in the penny stock market. The broker-dealer also must providethe customer with current bid and offer quotations for the penny stock, thecompensation of the broker-dealer and its salesperson in the transaction andmonthly account statements showing the market value of each penny stock held inthe customer's account. The bid and offer quotations, and the broker-dealer andsalesperson compensation information, must be given to the customer orally or inwriting prior to effecting the transaction and must be given to the customer inwriting before or with the customer's confirmation. In addition, the penny stockrules require that prior to a transaction in a penny stock not otherwise exemptfrom these rules, the broker-dealer must make a special written determinationthat the penny stock is a suitable investment for the purchaser and receive thepurchaser's written agreement to the transaction. These disclosure requirementsmay have the effect of reducing the level of trading activity in the secondarymarket for the stock that is subject to these penny stock rules. Consequently,these penny stock rules may affect the ability of broker-dealers to trade oursecurities. We believe that the penny stock rules discourage investor interestin and limit the marketability of our common stock.
**
8
***NASDsales practice requirements may also limit a stockholder's ability to buy andsell our stock.***
 

Inaddition to the "penny stock" rules described above, the NationalAssociation of Securities Dealers (NASD) has adopted rules that require that inrecommending an investment to a customer, a broker-dealer must have reasonablegrounds for believing that the investment is suitable for that customer. Priorto recommending speculative low priced securities to their non-institutionalcustomers, broker-dealers must make reasonable efforts to obtain informationabout the customer's financial status, tax status, investment objectives andother information. Under interpretations of these rules, the NASD believes thatthere is a high probability that speculative low priced securities will not besuitable for at least some customers. The NASD requirements make it moredifficult for broker-dealers to recommend that their customers buy our commonstock, which may limit your ability to buy and sell our stock and have anadverse effect on the market for our shares.
* 
**IfWe Become Subject To Burdensome Government Regulation Or Other LegalUncertainties, Our Business Could Be Negatively Affected***
 

Thereare several governmental regulations that materially restrict the use anddevelopment of ore. In addition, the legal and regulatory environment thatpertains to the exploration of ore is uncertain and may change. Uncertainty andnew regulations could increase our costs of doing business and prevent us fromexploring or developing ore deposits. The growth of demand for ore may also besignificantly slowed. This could delay growth in potential demand for and limitour ability to generate revenues. In addition to new laws and regulations beingadopted, existing laws may be applied to mining that have not as yet beenapplied. These new laws may increase our cost of doing business with the resultthat our financial condition and operating results may be harmed.
*** 

WeDo Not Expect To Declare Or Pay Any Dividends.***
 

Wehave not declared or paid any dividends on our common stock since our inception,and we do not anticipate paying any such dividends for the foreseeable future.
* 
**SinceOur Shares Are Thinly Traded, And Trading On The OTC Bulletin Board May BeSporadic Because It Is Not An Exchange, Stockholders May Have DifficultyReselling Their Shares.***
 

Ourcommon shares are currently listed for public trading on the Nasdaq StockMarket, Inc.'s OTC Bulletin Board and the Berlin Stock Exchange. The tradingprice of our common shares has been subject to wide fluctuations. Trading pricesof our common shares may fluctuate in response to a number of factors, many ofwhich will be beyond our control. The stock market has generally experiencedextreme price and volume fluctuations that have often been unrelated ordisproportionate to the operating performance of companies, especially thosewith no current business operation. There can be no assurance that tradingprices and price earnings ratios previously experienced by our common shareswill be matched or maintained. These broad market and industry factors mayadversely affect the market price of our common shares, regardless of ouroperating performance.

 

9

Inthe past, following periods of volatility in the market price of a company'ssecurities, securities class-action litigation has often been instituted. Suchlitigation, if initiated, could result in substantial costs for us and adiversion of management's attention and resources.
* 
**IndemnificationOf Directors, Officers And Others.***
 

Ourby-laws contain provisions with respect to the indemnification of our officersand directors against all expenses (including, without limitation, attorneys'fees, judgments, fines, settlements, and other amounts actually and reasonablyincurred in connection with any proceeding arising by reason of the fact thatthe person is one of our officers or directors) incurred by an officer ordirector in defending any such proceeding to the maximum extent permitted byNevada law.
** 

ITEM3. LEGAL PROCEEDINGS**
 

Weare not presently a party to any material litigation, nor to the knowledge ofmanagement is any litigation threatened against us which may materially affectus.

 
**ITEM4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**
 

OnDecember 29, 2003, we held our annual stockholders meeting and the followingproposals were voted and approved by our stockholders;
-  The election of Roland Vetter, Andrew Schwab, Milton Datsopoulos and Dana    Hansen to serve as our Board of Directors until the next annual stockholder's    meeting;The change of our name from Sun Power Corporation to Cardinal Minerals,    Inc.;The reaffirmation of KPMG LLP as auditors for the next year;The reverse split of our issued and outstanding common stock on a 1 for 3    basis; and
Ofthe proposals voted on by our stockholders, 19,600,000 or 60% of the commonshares issued and outstanding were voted in favor of the proposals listed above.

 
**PARTII**
 
**ITEM        5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS**
  

Reportsto Security Holders. We are a reporting company with the Securities andExchange Commission, or SEC. The public may read and copy any materials filedwith the SEC at the SEC's Public Reference Room at 450 Fifth Street N.W.,Washington, D.C. 20549. The public may also obtain information on the operationon the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SECmaintains an Internet site that contains reports, proxy and informationstatements, and other information regarding issuers that file electronicallywith the SEC. The address of that site is "http://www.sec.gov".

 

10
**(a)Market Information

 **
Ourcommon stock is quoted on the OTC Bulletin Board under the symbol "CDIN"and the Berlin Stock Exchange under the symbol "SJP1". Our commonstock began quotation on the OTC Bulletin Board on September 30, 1998 under thetrading symbol "HYTN", and on January 15, 2004, following our namechange, began quotation under the new symbol "CDIN". On January 4,2002, our common stock became listed and posted for trading on the Berlin StockExchange under the symbol "SJP", and on January 15, 2004, followingour name change, began quotation under the new symbol "SJP1". Thefollowing quotations reflect the high and low bids for our common stock based oninter-dealer prices, without retail mark-up, mark-down or commission and may notrepresent actual transactions. The high and low prices of our common stock, aslisted on the OTC Bulletin Board (obtained from Yahoo - Finance), and on theBerlin Stock Exchange (obtained from Berlinr Freiverkehr (Aktien) AG) for eachfull financial quarter for the two most recent full fiscal years were asfollows:

 
**OTC      Bulletin Board**Berlin      Stock Exchange** 

Quarter      Ended** 

High(1)** 

Low(1)**Quarter      Ended**High(1)**(Euro$)****Low(1)**(Euro$)**
December      31, 2003
$0.11
$0.05
December      31, 2003
$0.12
$0.05
September      30, 2003
$0.18
$0.09
September      30, 2003
$0.10
$0.06
June      30, 2003
$0.18
$0.11
June      30, 2003
$0.15
$0.11
March      31, 2003
$0.33
$0.20
March      31, 2003
$0.13
$0.13
December      31, 2002
$1.07
$0.07
December      31, 2002
$1.00
$0.07
September      30, 2002
$1.90
$0.48
September      30, 2002
$2.00
$0.60
June      30, 2002
$2.55
$1.70
June      30, 2002
$2.95
$1.60
March      31, 2002
$3.00
$2.35
March      31, 2002
$3.25
$2.67
(1)Such over-the-counter market quotations reflect inter-dealer prices, withoutretail mark up, mark down or commission and may not necessarily represent actualtransactions.

 

Ourcommon shares are issued in registered form. Interwest Transfer Co. Inc., PO Box17136, Salt Lake City, Utah 84117 (Telephone: 801-272-9294, Facsimile:801-585-7569) is the registrar and transfer agent for our common shares.

 

Asof February 29, 2004, we had 21,316,968 (post 3:1 reverse split) shares ofcommon stock outstanding and approximately 48 stockholders of record.

 

11
**(b)    Holders of Common Stock**
 

As    of December 31, 2003, we had approximately 50 stockholders of record of the    63,950,743 shares (pre 3:1 reverse spilt) outstanding.

 
**(c)    Dividends**
 

TheBoard of Directors have not declared any dividends due to the following reasons:
-  The Company has not yet adopted a policy regarding payment of dividends;The Company does not have any money to pay dividends at this time;The declaration of a cash dividend would result in an impairment of future      working capital; andThe Board of Directors will not approve the issuance of a stock dividend.**RecentSales of Unregistered Securities**
 

On    December 10, 2003 the directors approved a resolution authorizing the    issuance on December 23, 2003 of 31,269,743 Common Shares to 26 creditors in    satisfaction of debts in the aggregate sum of $3,126,974.78. Subsequent to    the approval and completion of the 3:1 consolidation, the conversion of    these shares resulted in 10,423,255 Common Shares being issued in connection    with this placement.

 
**ITEM        6. PLAN OF OPERATION**
 

Thefollowing discussion should be read in conjunction with our financial statementsand the related notes that appear elsewhere in this annual report. The followingdiscussion contains forward-looking statements that reflect our plans, estimatesand beliefs. Our actual results could differ materially from those discussed inthe forward looking statements. Factors that could cause or contribute to suchdifferences include, but are not limited to, those discussed below and elsewherein this annual report, particularly in the section entitled "RiskFactors" of this annual report on Form 10-KSB.
** 

Overview**
 

Weare a Nevada corporation formed on August 20, 1996 under the name "HayotonCompany Incorporated" as a management company for resorts and hotelproperties. On September 24, 1996, we changed our name from "HayotonCompany Incorporated" to "Hyaton Company Incorporated" and thento "Hyaton Organics Inc." on October 21, 1999. On November 1, 2001, wechanged our name to "Sun Power Corporation". On December 30, 2003 weamended our articles and changed our name to Cardinal Minerals, Inc. We believeit is important that our corporate name be reflective of our future businessintentions of dedicating itself to the acquisition of revenue producing miningassets.

 

12

Wewere operating as a development stage company without an operating businessuntil we acquired 100% of the shares of Sunspring, Inc., a Nevada company, andRenewable Energy Corporation, a New Mexico company, on December 10, 2001.Subsequent to our inability to meet certain financing conditions as definedwithin the acquisition agreements for the development of the technologies ownedby Sunspring Inc. and Renewable Energy Corporation, on December 6, 2002, wereturned all of the issued and outstanding shares of Sunspring, Inc. andRenewable Energy Corporation in return for all of our Series A and Series BPreferred Stock, which had been issued as a part of the purchase price.

 

Byan Assignment of Purchase Option Agreement dated December 16, 2002, we acquiredan option to purchase all of the issued and outstanding shares of Minera Real deCosala SA de CV, a copper-silver mine located in the state of Sinaloa, Mexico.On October 15, 2003 we announced in a Form 8-K and Press Release that the optionto purchase the copper-silver mine had expired as we had been unsuccessful inclosing a financing which was based on the sale of a rated debenture within theallotted time period.

 

OnJanuary 26, 2004, we executed an Assignment of Purchase Option Agreement,(attached as exhibit 10-3 to Form 8-K filed on March 5, 2004) with Ken Swaisland,a majority stockholder of the registrant, for the option to purchase all theassets of Hunter Gold Mining Inc and Hunter Gold Mining Corporation includingthe Bates Hunter Mine and the Golden Gilpin Mill (collectively the"Bates-Hunter Mine"), which includes a dewatering plant, miningproperties, claims, permits and all ancillary equipment free and clear of anyand all financial liens or encumbrances, for a fixed price of $3,000,000 and a1% net smelter royalty payable to Goldrush Casino and Mining Corporation. Mr.Swaisland is to receive $30,000 on signing of the assignment and conditionalupon closing of the acquisition, a 2% net smelter return royalty and 2,000,000share purchase warrants at a price equal to the 10 day trading averageimmediately prior to the formal closing of the acquisition. Accordingly, we areseeking to identify a suitable business opportunity in the resource sector orenter into a viable business combination able to provide positive cash flow.

 
**Planof Operation**
 

Weintend to acquire the Bates-Hunter Mine through an assignment of a purchaseoption agreement with Hunter Gold Mining Inc. and Hunter Gold Mining Corporationwhich owns a 100% interest in the Bates Hunter Mine, located in Central City,Colorado about 35 miles west of Denver.

 

Inpreparation for the acquisition, Mr. Glenn R. O'Gorman, P. Eng., a practicingmining engineer and miner since 1974, completed a preliminary assessment of theproject. Mr. O'Gorman's report included a geological report (March, 1997)prepared by Stephen Tedesco, Geologist, which detailed and mapped the nineprinciple gold bearing veins underlying the Bates-Hunter property.

 

Subsequentto reviewing these preliminary findings, Mr. O'Gorman was engaged to prepare amore detailed Exploration and Development Plan for presentation to the vendors,brokers, dealers, marketing agencies, current stockholders and futurestockholders. This Exploration and Development Plan was attached to a Form 8-Kfiled on March 5, 2004 as Exhibit 99.

 

13

Followingreceipt of Mr. O'Gorman's plan, we executed an amending letter agreement onMarch 30, 2004 with George Otten confirming certain amendments, additions andclarifications relative to the original option agreements between Hunter GoldMining Corporation and Mr. Swaisland, namely:

 
-  acceptance of Mr. O'Gorman's Exploration and Development Plan for the      Bates-Hunter Project dated March 1, 2004 where we would fund and complete      Phase I of that report to de-water and rehabilitate the mine shaft, map      and sample all historical workings at an estimated cost of $500,000 by      October 31, 2004. After dewatering and rehabilitation had been completed,      we would undertake a diamond drilling work program at an estimated cost of      $650,000 by June 30, 2005 to explore both above and underneath the old      workings to pinpoint thick high grade areas at vein intersections and      estimate ore reserves to decide if further expenditures are warranted. We      reserved the right should the results of Phase 1 be unfavorable, to return      the option and to complete the work programs by these specified dates or      the agreements would become null and void. to prepare the formal closing agreements based on the purchase price of      $3,000,000 for all of the assets of Hunter Gold Mining Corporation's      wholly owned US subsidiary Hunter Gold Mining Inc. The formal agreements      are to be based on an asset purchase rather than a stock purchase as      contemplated in the original agreements, provided that there should be no      withholding or transfer tax applicable to the said transaction, otherwise      the transaction will revert to a stock purchase as originally      contemplated. we agreed that a contract for the dewatering of the Bates-Hunter      mine-shaft as recommended by Mr. O'Gorman will be entered into with a      corporation controlled by George Otten. The general terms of the contract      will call for Mr. Otten to organize and manage the dewatering of the mine      shaft on a cost plus overhead basis. A formal contract encompassing the      dewatering process is targeted for execution on or before April 15, 2004.      Mr. O'Gorman will be retained to manage the contract and its related      payments. the July 31, 2004 closing date as specified a January 31, 2004 extension      agreement between Hunter Gold Mining Corporation and Mr. Swaisland has      been extended. Formal closing of the purchase of the assets of the Hunter      Gold Mining Corporation shall now occur within 90 days following the      receipt of data from the underground drilling program recommended by Mr. O'Gorman,      or September 30, 2005 whichever is earlier.
Weare now exploring various financing options in order to fund the Phase 1 workprogram recommended by Mr. O'Gorman.

14

Aswe have yet to generate revenues from operating activities and there is asubstantial going concern issue as to whether we will ever be able to meet ourcurrent operating and capital expenses. Since inception we have been dependenton the sale of our equity securities and loans from affiliates to satisfy ourworking capital requirements. We continue to have a working capital deficiencythat raises substantial concern regarding our ability to continue as a goingconcern.

 
***Satisfactionof our cash obligations for the next 12 months. Presently, we have norevenues and we cannot meet operating and capital expenses. We negotiated withcertain of our creditors for the exchange of shares of our common stock forcurrent debt held by those creditors. We converted the debt a per share price of$0.10. We have incurred operating losses since inception, and this is likely tocontinue into fiscal 2004. Once we locate a suitable business opportunity orbusiness combination, we may seek to obtain equity and/or debt financing fromthird parties to facilitate and complete the acquisition of such a businessopportunity or a suitable business combination. We may also issue shares of ourcommon stock as consideration for the acquisition of a suitable businessopportunity or a suitable business combination.

 
***Summaryof any product research and development that we will perform for the term of ourplan of operation. We do not anticipate that we will expend anysignificant monies on research and development until such time as we haveinitiated a new business direction or the requirements for due diligence in thatregard.
*** 

Expectedpurchase or sale of plant and significant equipment. We do notanticipate the purchase or sale of any plant or significant equipment, otherthan as specified in the acquisition of the Bates-Hunter mining operation, assuch items are not required by us at this time or in the next 12 months.
* 
**Significantchanges in the number of employees. We do not currently have anyemployees. We have key consultants on retainer including our president and thevarious professionals who are assisting us with our due diligence, securitiescompliance and accounting requirements. We anticipate hiring employees only ifwe identify and complete the acquisition of a business opportunity or enter intoa business combination. Such employment may significantly increase our monthlyburn rate and such increase in the monthly burn rate depends on the number ofemployees we ultimately hire, if any.

 
**Liquidityand Capital Resources**
 

Sinceinception, we have financed our cash flow requirements through the issuance ofcommon stock. As we expand our activities, we may continue to experience netnegative cash flows from operations, pending receipt of sales revenues.Additionally we anticipate obtaining additional financing to fund operationsthrough common stock offerings and bank borrowings, to the extent available, orto obtain additional financing to the extent necessary to augment our workingcapital.

 

15

Overthe next twelve months we believe that existing capital and anticipated fundsfrom operations will be sufficient to sustain operations and planned expansion.However, in order to expand our business operations we will be required to seekadditional capital in the future to fund growth and expansion through additionalequity or debt financing or credit facilities. No assurance can be made thatsuch financing would be available, and if available it may take either the formof debt or equity. In either case, the financing could have a negative impact onour financial condition and our Stockholders.

 

Weanticipate incurring operating losses over the next twelve months. Our lack ofoperating history makes predictions of future operating results difficult toascertain. Our prospects must be considered in light of the risks, expenses anddifficulties frequently encountered by companies in their early stage ofdevelopment. Such risks include, but are not limited to, an evolving andunpredictable business model and the management of growth. To address theserisks we must, among other things, obtain a customer base, implement andsuccessfully execute our business and marketing strategy, continue to developand upgrade technology and products, respond to competitive developments, andattract, retain and motivate qualified personnel. There can be no assurance thatwe will be successful in addressing such risks, and the failure to do so canhave a material adverse effect on our business prospects, financial conditionand results of operations.
**Personnel**
 

Wedo not currently have any employees. We have key consultants on retainer toassist us in our transition from our former business, including our presidentand the various professionals who are assisting us with our due diligence reviewof the Bates-Hunter Project. If we acquire the Bates-Hunter Project, we will berequired to hire additional employees to assist us following the closing.

 
**GoingConcern**
 

Theconsolidated financial statements included in this filing have been prepared inconformity with generally accepted accounting principles that contemplate thecontinuance of the Company as a going concern. The Company's cash position maybe inadequate to pay all of the costs associated with production and marketing.Management intends to use borrowings and security sales to mitigate the effectsof its cash position, however no assurance can be given that debt or equityfinancing, if and when required will be available. The financial statements donot include any adjustments relating to the recoverability and classification ofrecorded assets and classification of liabilities that might be necessary shouldthe Company be unable to continue existence.

 
**ITEM7. FINANCIAL STATEMENTS**
 

SeeIndex to Financial Statements and Financial Statement Schedules appearing onpage F-1 through F-20 of this Form 10-KSB.

 

16
**ITEM        8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND        FINANCIAL DISCLOSURE**
 

Wehave had no disagreements with our independent auditors on accounting orfinancial disclosures.

 
**ITEM8A. CONTROLS AND PROCEDURES**
 

Weare a development stage company with no revenues and during 2003 our officersand directors ad responsibility for our internal controls and procedures overour financial reporting.

 

Wehave implemented and maintain disclosure controls and procedures which consistof: the control environment, risk assessment, control activities, informationand communication and monitoring. Our scope of internal control thereforeextends to policies, plans procedures, processes, systems, activities,initiatives, and endeavors required of a company with our limited transactions,revenues, expenses, and operations. These controls and procedures are designedto ensure that the information required to be disclosed in our Exchange Actreports is recorded, processed, summarized and reported within the time periodsspecified in the SEC's rules.

 

Therehave been no significant changes (including corrective actions with regard tosignificant deficiencies or material weaknesses) in our internal controls or inother factors that could significantly affect the controls subsequent to thedate of the evaluation referenced below.

 

Within90 days prior to the date of this report, we carried out an evaluation, underthe supervision of our officers and directors, of the effectiveness of thedesign and operation of the Company's disclosure controls and procedures. Basedon the foregoing, our officers and directors concluded that, given the Company'slimited operations, our disclosure controls and procedures were effective.

 
**PARTIII**
 
**ITEM        9 DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;        COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT**
 

Thefollowing table sets forth the name and position of the executive officer anddirectors of the Company. Directors will be elected at our annual meeting ofstockholders and serve for one year or until their successors are elected andqualify. Officers are elected by the Board and their terms of office are, exceptto the extent governed by employment contract, at the discretion of the Board.

 

Name
Age
Current      Positions and Offices With Sun Power Corporation
Roland      Vetter
52
President,      Chief Financial Officer and Director
Andrew      Schwab
53
Secretary      and Director
Milton      Datsopoulos
65
Director
Dana      Hansen
45
Director
Carol      O'Shea
47
Treasurer** **
17
**Duties,Responsibilities and Experience

 

RolandVetter, President, CFO and Director**-** Mr. Vetter is a Member ofboth the Canadian and South African Institute of Chartered Accountants whoattended the University of the Witwatersrand in South Africa, where he obtainedhis Bachelor of Commerce and Bachelor of Accounting degrees. Mr. Vetter was theformer Director of Group Financial Services for the Zimco Group, part of the NewMining Business Division of Anglo American Corporation (South Africa's largestconglomerate) and former Chairman of the Anglo American Audit Liaison Committee.Zimco comprised twelve distinct operations involved in mining and manufacturingwith a turnover of $300 million per annum and net earnings of $10 million perannum. Since 1989, Mr. Vetter has held positions as the CFO and VP Finance &Admin. for Xenex Innovations Canada Ltd., listed on the TSX Venture Exchange,involved in the commercialization of new technology and more recently as the CEOand COO of Olim Software Development Co. and Milo 1 Software Solutions Ltd. andas a director of Dasek Securities Ltd. Olim had expertise in creating integratedweb-databases and e-commerce solutions in the form of Oracle custom-builttrading systems; Milo 1 provided Network security solutions for small tomid-sized operations; and Dasek is a Bermuda based internet security anddatabase development company concentrating on network security and webapplication solutions development for the media relations departments of lawenforcement, government and public company clients.
** 

AndrewSchwab, Secretary and Director - Mr. Schwab obtained his Bachelor ofArts from the University of Montreal in 1972. Since 1992, he has providedindependent marketing and business consulting services to several public andprivate companies. These services have focused on the development of jointventures, the raising of equity, debt and other financings and theidentification and development of new business opportunities.

 
**MiltonDatsopoulos, Director - Mr. Datsopoulos attended the University ofMontana and earned a Bachelor of Arts degree with high honors in 1962 and a lawdegree with honors in 1965. In 1974, he and Ron MacDonald formed a generalpractice law firm now known as Datsopoulos, MacDonald & Lind, P.C., amulti-disciplinary firm of eleven attorneys with specialists in criminal,environmental, personal injury, business, railroad and family law. Mr.Datsopoulos is also involved with several local charitable organizations andyouth causes, and is also a strong supporter of the University of Montana and isactive in local and national politics. Mr. Datsopoulos is a member of theMontana Trial Lawyers Association (a former President and long time Director),the American Bar Association and the Association of Trial Lawyers of America.

 
**DanaHansen, Director**-**Mr. Hansen graduated Cum Laude with a MastersDegree in Organizational Behavior with a minor degree in Japanese from BrighamYoung University. He has over 15 years of experience in the site selection,development, re-merchandising and leasing of approximately 15,000,000 squarefeet of super-regional malls and high-end specialty lifestyle centers in theUnited States. Mr. Hansen was formerly a Senior Vice President of leasing forUrban Shopping Centers, one of the largest REITs in the industry, based inChicago. Additionally, he headed up the leasing and consulting for Urban'scontract with the King Fahad Foundation of Rihyad, Saudi Arabia, a $400,000,000mixed use project located in Saudi Arabia. He is currently President of theAspen Grove Business Improvement District in Littleton, Colorado (an $11,000,000special improvement district dedicated to the development of a 600,000 squarefoot mixed use project), a partner with Poag and McEwen Lifestyle Centers (theindustry's largest developer of specialty, lifestyle shopping centers), and isPresident of the Family Time Foundation in Denver, a non profit corporationseeking to strengthen families. Mr. Hansen was one of three "Father of theYear" nominees in Illinois (1999) and is a volunteer in various civic,religious and arts programs in the Denver area.

 

18
**CarolO'Shea**-** Ms. O'Shea has been in the accounting field for the pasttwenty-nine years, first working with the Department of Social Services inEngland, then after immigrating to Canada, as a controller and accounts managerfor an automotive dealership, travel agencies, building and constructioncontractors and on behalf of several U.S. and Canadian publicly listedcompanies.
** 

Limitationof Liability of Directors

 **
Pursuantto the Nevada General Corporation Law, our Articles of Incorporation excludepersonal liability for our Directors for monetary damages based upon anyviolation of their fiduciary duties as Directors, except as to liability for anybreach of the duty of loyalty, acts or omissions not in good faith or whichinvolve intentional misconduct or a knowing violation of law, or any transactionfrom which a Director receives an improper personal benefit. This exclusion ofliability does not limit any right which a Director may have to be indemnifiedand does not affect any Director's liability under federal or applicable statesecurities laws. We have agreed to indemnify our directors against expenses,judgments, and amounts paid in settlement in connection with any claim against aDirector if he acted in good faith and in a manner he believed to be in our bestinterest.
** 

Section16(a) Beneficial Ownership Reporting Compliance**
 

Section16(a) of the Securities Exchange Act of 1934, as amended (the "ExchangeAct"), requires Cardinal Minerals, Inc. executive officers and directors,and persons who beneficially own more than ten percent of the Company's commonstock, to file initial reports of ownership and reports of changes in ownershipwith the SEC. Executive officers, directors and greater than ten percentbeneficial owners are required by SEC regulations to furnish Cardinal Minerals,Inc. with copies of all Section 16(a) forms they file. Based upon a review ofthe copies of such forms furnished to the Company and written representationsfrom Company executive officers and directors, the Company believes that duringthe year ended 2003, the officers and directors did file all of their respectiveSection 16(a) reports on a timely basis.

 
**AuditCommittee

 **
Wedo not have an Audit Committee, our board of directors during 2003, performedsome of the same functions of an Audit Committee, such as: recommending a firmof independent certified public accountants to audit the annual financialstatements; reviewing the independent auditors independence, the financialstatements and their audit report; and reviewing management's administration ofthe system of internal accounting controls. The Company does not currently havea written audit committee charter or similar document.

 

19
**Codeof Ethics

 **
Acode of ethics relates to written standards that are reasonably designed todeter wrongdoing and to promote:
-  Honest and ethical conduct, including the ethical handling of actual or        apparent conflicts of interest between personal and professional        relationships;Full, fair, accurate, timely and understandable disclosure in reports        and documents that are filed with, or submitted to, the Commission and        in other public communications made by an issuer;Compliance with applicable governmental laws, rules and regulations;The prompt internal reporting of violations of the code to an        appropriate person or persons identified in the code; andAccountability for adherence to the code.
Wehave not adopted a corporate code of ethics that applies to our principalexecutive officer, principal financial officer, principal accounting officer orcontroller, or persons performing similar functions.

 

Ourdecision to not adopt such a code of ethics results from our having only threeofficers and three directors operating as the management for the Company in2003. We believe that as a result of the limited interaction which occurs havingsuch a small management structure for the Company eliminates the current needfor such a code, in that violations of such a code.
** 

NominatingCommittee**
 

Wedo not have a Nominating Committee or Nominating Committee Charter. Our board ofdirectors performed some of the functions associated with a NominatingCommittee. We have elected not to have a Nominating Committee at this time,however, our Board of Directors intend to continually evaluate the need for aNominating Committee.

 
**StockOption Plan**
 

Officers(including officers who are members of the board of directors), directors (otherthan members of the stock option committee to be established to administer thestock option plan and the directors' plan) and other employees and consultantsand its subsidiaries (if established) will be eligible to receive options underthe planned stock option plan. The committee will administer the stock optionplan and will determine those persons to whom options will be granted, thenumber of options to be granted, the provisions applicable to each grant and thetime periods during which the options may be exercised. No options may begranted more than ten years after the date of the adoption of the stock optionplan.

 

Non-qualifiedstock options will be granted by the committee with an option price equal to thefair market value of the shares of common stock to which the non-qualified stockoption relates on the date of grant. The committee may, in its discretion,determine to price the non-qualified option at a different price. In no eventmay the option price with respect to an incentive stock option granted under thestock option plan be less than the fair market value of such common stock towhich the incentive stock option relates on the date the incentive stock optionis granted.

 

20

Eachoption granted under the stock option plan will be exercisable for a term of notmore than ten years after the date of grant. Certain other restrictions willapply in connection with this plan when some awards may be exercised. In theevent of a change of control (as defined in the stock option plan), the date onwhich all options outstanding under the stock option plan may first be exercisedwill be accelerated. Generally, all options terminate 90 days after a change ofcontrol.

 
**OptionGrants**
 

Theboard of directors adopted a 2002/2003 stock option plan pursuant to whichincentive stock options or nonstatutory stock options to purchase up to3,000,000 shares of common stock may be granted to employees, directors andconsultants. Pursuant to the plan, stock options were granted as follows(pre-reverse split):

 

Date      Granted
 

Exercise      Price Per Share
 

Number      of Shares
 

 

 

 

 

September      24, 2001

 

 

 

 

Granted
 

$1.70
 

1,330,000
Exercised
 

Nil
 

Nil
Cancelled
 

$1.70
 

400,000
 

 

 

 

 

January      20, 2003

 

 

 

 

Granted
 

$0.50
 

750,000
Exercised
 

Nil
 

Nil
Cancelled
 

Nil
 

Nil
 

 

 

 

 

Total      outstanding
 

 

 

1,680,000** 

ITEM10. EXECUTIVE COMPENSATION**
 
**Terminationof Employment

 **
Thereare no compensatory plans or arrangements, including payments to be receivedfrom the Company, with respect to any person associated with the Company whichwould in any way result in payments to any such person because of hisresignation, retirement, or other termination of such person's employment withthe Company or its subsidiaries, or any change in control of the Company, or achange in the person's responsibilities following a change in control of theCompany.
** **
21
**ExecutiveCompensation**
 

Thefollowing table sets forth the cash compensation of the Company's newly electedexecutive officers and directors during of the years 2001, 2002 and 2003. Theremuneration described in the table represents compensation received fromHesperia Truss and does not include the cost to the Company of benefitsfurnished to the named executive officers, including premiums for healthinsurance and other benefits provided to such individual that are extended inconnection with the conduct of the Company's business. The value of suchbenefits cannot be precisely determined, but the executive officers named belowdid not receive other compensation in excess of the lesser of $50,000 or 10% ofsuch officer's cash compensation.

 
**SummaryCompensation Table (Pre-consolidation)

 **
 

Annual      Compensation
Long      Term

Compensation
 

 

Name      and Principal Position
 

 

Year
 

 

Salary
 

 

Bonus
Other      Annual

Compensation

(Consulting)
 

Restricted

Stock
 

 

Options
 

 

Others
Roland      Vetter
2003      (1)
0
$25,000
$67,000
678,273
0
0
President,      CFO
2002      (2)
0
0
$20,000
200,000
0
0
2001
0
0
0
0
0
0
Andrew      Schwab
2003      (3)
0
$25,000
$80,000
1,150,000
400,000
0
Secretary      and Director
2002      (4)
0
0
$88,000
500,000
0
0
 

2001      (5)
 

0
$60,000
0
150,000
0
 

 

 

 

 

 

 

 

Carol      O'Shea
2003      (6)
0
$25,000
$22,000
470,000
50,000
0
Treasurer
2002      (7)
0
0
$30,000
0
0
0
 

2001      (8)
0
0
$6,394
0
15,000
0
 

 

 

 

 

 

 

 

Dana      Hansen
2003      (9)
 

$25,000
0
250,000
150,000
0
Director
2002
 

0
0
0
0
0
 

2001
 

0
0
0
0
0
 

 

 

 

 

 

 

 

Milton      Datsopoulos
2003      (10)
 

$50,000
0
1,012,500
150,000
0
Director
2002
 

0
0
0
0
0
 

2001
 

0
0
0
0
0-  Our company entered into a consulting agreement with Mr. Vetter, our President  and CFO, on April 30, 2003 for a period of 12 months at a rate of $7,000 per  month. During 2003, Mr. Vetter was awarded a bonus of $25,000 which was  included within a debt settlement agreement which issued to Mr. Vetter 678,273  common shares (pre-consolidation) at $0.10 per share in settlement of an  aggregate debt of $67,827.33Mr. Vetter provided consulting services to our company in 2002 valued at  $20,000 and paid for through the issuance of 200,000 shares  (pre-consolidation) at $0.10 per share.Mr. Schwab was paid pursuant to a consulting agreement dated April 24, 2002,  between our company and A. Schwab & Associates Inc.,  ("AS&A") a company owned by Mr. Schwab, for an aggregate fee of  $8,000 per month of which $4,000 per month was to be deferred, until April,  2003, whereupon the rate was reduced to $6000 per month. Mr. Schwab was  awarded a bonus of $25,000 which was included with the consulting fee in a  debt settlement agreement which then issued to AS&A 1,150,000 common  shares (pre-consolidation) at $0.10 per share in settlement of an aggregate  debt of $115,000. On January 20, 2003, Mr. Schwab was granted options to  purchase 400,000 common shares (pre-consolidation) in the capital of our  company. The options vest six months from the date of grant, are exercisable  at a price of $0.50 (pre-consolidation) per share and expire on January 19,  2006.
22
-  Mr. Schwab was paid pursuant to a consulting agreement dated April 24, 2002,  between our company and AS&A for an aggregate fee of $8,000 per month of  which $50,000 was included within a debt settlement agreement for 500,000  common shares (pre-consolidation) at $0.10 per share.Mr. Schwab was paid pursuant to a consulting agreement dated April 23, 2001,  between our company and AS&A for a fee of $4,000 per month. On September  24, 2001, the consulting agreement was amended to increase the fees payable to  $5,000 per month. On September 24, 2001, Mr. Schwab was granted options to  purchase 150,000 common shares (pre-consolidation) in the capital of our  company. The options vest six months from the date of grant, are exercisable  at a price of $1.70 per share (pre-consolidation) and expire on September 24,  2006.Ms. O'Shea, our Treasurer, is paid the approximate sum of $1,500 per month.  Ms. O'Shea was awarded a bonus during 2003 of $25,000 which together with her  consulting fee, was included within a debt settlement agreement in exchange  for 470,000 common shares (pre-consolidation) at $0.10 per share. On January  20, 2003, Ms. O'Shea was granted options to purchase 50,000 common shares  (pre-consolidation) in the capital of our company. The options vest six months  from the date of grant, are exercisable at a price of $0.50  (pre-consolidation) per share and expire on January 19, 2006.Ms. O'Shea received the approximate sum of $2,500 per month as the company's  bookkeeper and Treasurer during 2002.Ms. O'Shea received $6,394 in respect of bookkeeping services for our company  and on September 24, 2001, Ms. O'Shea was granted options to purchase 15,000  common shares (pre-consolidation) in the capital of our company. The options  vest six months from the date of grant, are exercisable at a price of $1.70  per share (pre-consolidation) and expire on September 24, 2006.Mr. Hansen received a bonus of $25,000 during 2003 which was included within a  debt settlement agreement which then issued to Mr. Hansen 250,000 common  shares (pre-consolidation) at $0.10 per share. On January 20, 2003, Mr Hansen  was granted options to purchase 150,000 common shares (pre-consolidation) in  the capital of our company. The options vest six months from the date of  grant, are exercisable at a price of $0.50 (pre-consolidation) per share and  expire on January 19, 2006. Mr. Datsopoulos received a bonus of $50,000 during 2003 and in addition, was  repaid for cash loans he had advanced to the company in the aggregate amount  of $51,250. which was included within a debt settlement agreement which then  issued to Mr. Datsopoulos 1,012,500 common shares (pre-consolidation) at $0.10  per share. On January 20, 2003, Mr. Datsopoulos was granted options to  purchase 150,000 common shares (pre-consolidation) in the capital of our  company. The options vest six months from the date of grant, are exercisable  at a price of $0.50 (pre-consolidation) per share and expire on January 19,  2006.******EXECUTIVEOFFICER/DIRECTOR OPTION GRANTS IN LAST FISCAL YEAR

 **** 

 

 

 

Name
 
**Number      of securities underlying options granted
 
**Percent      of total options granted to employees in fiscal year
 
** 

 

Exercise      or base price ($/Share)
 
** 

 

 

 

Expiration      Date
Milton      Datsopoulos
 

150,000
 

20%
 

$0.50
 

January      19, 2006
Dana      Hansen
 

150,000
 

20%
 

$0.50
 

January      19, 2006
Carol      O'Shea
 

50,000
 

6.6%
 

$0.50
 

January      19, 2006
Andrew      Schwab
 

400,000
 

53.3%
 

$0.50
 

January      19, 2006
 
**AGGREGATEDOPTION EXERCISES IN LAST FISCAL YEAR AND

FISCALYEAR-END OPTION VALUES

 **

       
**Name**
 
****
       
**Shares      acquired on exercise (#)**
 

       
**Value      Realized ($)**
 

       
**Number      of Securities underlying unexercised options at fiscal year-end**
 

**Value      of unexercised options at fiscal year-end**
Nil
 

Nil
 

Nil
 

Nil
 

Nil** **
23
** 

CompensationCommittee**
 

Wecurrently do not have a compensation committee of the board of directors.However, the board of directors intends to establish a compensation committee,which is expected to consist of three inside directors and two independentmembers. Until a formal committee is established, our entire board of directorswill review all forms of compensation provided to our executive officers,directors, consultants and employees including stock compensation and loans.
 
**ITEM        11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

 **
Thefollowing table presents information, to the best of the Company's knowledge,about the beneficial ownership of its common stock on December 31, 2003 relatingto the beneficial ownership of the Company's common stock by those persons knownto beneficially own more than 5% of the Company's capital stock and by itsdirectors and executive officers. The percentage of beneficial ownership for thefollowing table is based on 63,650,743 shares of common stock outstanding.

 

Beneficialownership is determined in accordance with the rules of the Securities andExchange Commission and does not necessarily indicate beneficial ownership forany other purpose. Under these rules, beneficial ownership includes those sharesof common stock over which the stockholder has sole or shared voting orinvestment power. It also includes shares of common stock that the stockholderhas a right to acquire within 60 days through the exercise of any option,warrant or other right. The percentage ownership of the outstanding commonstock, however, is based on the assumption, expressly required by the rules ofthe Securities and Exchange Commission, that only the person or entity whoseownership is being reported has converted options or warrants into shares of ourcommon stock.

 

Name      of Beneficial Holder (1)
Number

of      Shares
Percent

Of      Class (2)
Roland      Vetter-CFO and President
878,273
1.37%
Andrew      Schwab - Secretary and Director
1,650,000
2.58%
Carol      O'Shea - Treasurer
470,000
0.73%
Dana      Hansen - Director
250,000
0.39%
Milton      Datsopoulos - Director
1,112,500
1.74%
Richard      Bullock
5,828,082
9.30%
EH&P      Investments AG
4,500,000
7.04%
Paramount      Trading Company Inc.
4,500,000
7.04%
Ken      Swaisland (3)
21,479,759
33.59%
The      Nimach Trust
4,681,669
7.32%**All      Directors & Officers as a Group**4,360,773**6.81%-  As used in this table, "beneficial ownership" means the sole or    shared power to vote, or to direct the voting of, a security, or the sole or    shared investment power with respect to a security (i.e., the****power    to dispose of, or to direct the disposition of, a security). In addition,    for purposes of this table, a person is deemed, as of any date, to have    "beneficial ownership" of any security that such person has the    right to acquire within 60 days after such date. Address for the persons    listed in the table is care of the Company.Figures are rounded to the nearest percentage.3,000,000 of the shares beneficially owned by Mr. Swaisland are registered    in the name of Avion Holdings Inc., a company controlled by Mr. Swaisland.    1,979,759 of the shares beneficially owned by Mr. Swaisland are registered    in the name of Samarac Corporation Ltd., a company controlled by Mr.    Swaisland, who holds 8,500,000 shares directly in his name. An additional    8,000,000 shares are registered in the name of Jacqueline Swaisland, Mr.    Swaisland's wife.
24
**Securitiesauthorized for issuance under equity compensation plans.**
 

Wecurrently do not have any compensation plans under which our equity securitiesare authorized for issuance.

 
**ITEM12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS**
 
**Loansfrom Related Party

 **
OnJanuary 9, 2002, the Board approved the conversion of a loan of $1,554,562 fromRichard Bullock into 1,554,562 Series C convertible preferred shares having astated value of $1.00 per share. The preference shares have no voting rights andreceive no dividends. On December 28, 2003 we agreed to issue to Mr. Bullock orhis assign that number of common shares at a ratio of two common shares of theCompany for each of one Series C Preferred Share, subject to the acceptance andcompletion of a 3:1 consolidation of our common shares as was then proposed forthe AGM to be held on December 29, 2003. As the reverse split has been approved,we anticipate the return to our Company of the Series C Preferred in 2004.

 

OnNovember 21, 2003 the Company entered into a debt settlement agreement with Mr.Bullock in the aggregate sum of $563,308.23 through the issuance of 5,633,082common shares (pre-consolidation) at $0.10 per share.

 

OnJanuary 26, 2004, we executed an Assignment of Purchase Option Agreement,(attached as exhibit 10-3 to Form 8-K filed on March 5, 2004) with Ken Swaisland,a majority stockholder of the registrant, for the option to purchase all theassets of Hunter Gold Mining Inc and Hunter Gold Mining Corporation includingthe Bates Hunter Mine and the Golden Gilpin Mill (collectively the"Bates-Hunter Mine"), which includes a dewatering plant, miningproperties, claims, permits and all ancillary equipment free and clear of anyand all financial liens or encumbrances, for a fixed price of $3,000,000 and a1% net smelter royalty payable to Goldrush Casino and Mining Corporation. Mr.Swaisland is to receive $30,000 on signing of the assignment and conditionalupon closing of the acquisition, a 2% net smelter return royalty and 2,000,000share purchase warrants at a price equal to the 10 day trading averageimmediately prior to the formal closing of the acquisition. Accordingly, we areseeking to identify a suitable business opportunity in the resource sector orenter into a viable business combination able to provide positive cash flow.
** **
25
**ITEM13. EXHIBITS AND REPORTS ON FORM 8-K**
 

(a)   Documents filed as part of this Report

1.   Financial Statements:

A.     INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

1.   Independent Auditors Report                                      F-1

2.    Financial Statements:

BalanceSheet                                                          F-2

Statementof Operation                                            F-3

Statementof Changes in Stockholders'                     F-4

Statementof Cash Flows                                         F-5

Notesto Consolidated Financial Statements   F-6 - F-20

2.   During the fiscal year December 31, 2003 the Company filed the following 8-Ks.

a)               Form 8-K filed on August 1, 2003-Corporate Profile on Minera Real de            Cosala and its La Verde silver-copper mine

b)               Form 8-K filed on October 17, 2003 - Expiration of option to            purchase La Verde Silver Mine

3.           Subsequent to the end of the fiscal year, the Company filed the        following reports on Form 8-K

a)   Form8-K filed on January 27, 2004 - Stockholders meeting

b)               Form 8-K filed on March 5, 2004 - Assignment of Purchase Option to            purchase Bates-Hunter Gold Project.

4.  Exhibits

 

(2)
Plan      of purchase, sale, reorganization, arrangement, liquidation or succession
2.1
Plan      and Agreement of Reorganization, dated November 2, 1998, between Hyaton      and Kafus Environmental Industries Ltd. (incorporated by reference from      our Registration Statement on Form 10-SB on October 28, 1999).
(3)i
Articles      of Incorporation
(a)
Amended      and Restated Articles of Incorporation, filed April 30, 1999 (incorporated      by reference from our Registration Statement on form 10-SB filed on      October 28, 1999).
(b)
Certificate      of Amendment to Articles of Incorporation, filed October 20, 1999      (incorporated by reference from our Registration Statement on Form 10-SB      filed on October 28, 1999).
(c)
Certificate      of Amendment to Articles of Incorporation, filed November 1, 2001      (incorporated by reference from our Form 10-QSB filed on November 14,      2001).
(d)
Certificate      of Amendment to Articles of Incorporation, dated December 30, 2003      (incorporated by reference from our Form 8-K filed on January 27, 2004
(3)ii
Bylaws
3.2
Amended      and Restated Bylaws (incorporated by reference from our Registration      Statement on Form 10-SB filed on October 28, 1999).
(10)
Material      Contracts
10-1
Letter      Agreement between Sun Power Corporation and Victor Cardenas dated January      3, 2003 (incorporated by reference from our Form 10-KSB filed on April 15,      2003).
10-2
Advisory      Agreement between Sun Power Corporation and Thurn & Taxis Capital      Management AG dated January 22, 2003. (incorporated by reference from our      Form 10-KSB filed on April 15, 2003).
10-3
Letter      Agreement between and Ken Swaisland and Hunter Gold Mine Corporation      (incorporated by reference from our Form 8-K filed on March 5, 2004).
10-4
Extension      of the Letter Agreement between and Ken Swaisland and Hunter Gold Mine      Corporation (incorporated by reference from our Form 8-K filed on March 5,      2004).
10-5
Assign      of Purchase Option Agreement between and Ken Swaisland and Hunter Gold      Mine Corporation (incorporated by reference from our Form 8-K filed on      March 5, 2004).
10-6*
Extension      of Letter Agreement between and Cardinal Minerals and Hunter Gold Mine      Corporation.
(99)
Additional      Exhibits
31*
Certification      pursuant to Section 302 of the Sarbanes-Oxley Act
32*
Certification      pursuant to Section 906 of the Sarbanes-Oxley Act
*FiledHerewith

______
** **
26
**ITEM14. PRINCIPAL ACCOUNTANT FEES AND SERVICES**
 
*(1)AUDIT FEES*
 

Theaggregate fees billed for professional services rendered by KPMG LLP for theaudit of the registrant's annual financial statements and review of thefinancial statements included in the registrant's Form 10-QSB or services thatare normally provided by the accountant in connection with statutory andregulatory filings or engagements for fiscal years 2003 and 2002 were $15,375and $18,000 respectively.

 
*(2)AUDIT-RELATED FEES*
 

NONE

 
*(3)TAX FEES*
 

NONE

 
*(4)ALL OTHER FEES*
 

NONE

 
*(5)POLICY ON AUDIT COMMITTEE PRE-APPROVAL OF AUDIT AND PERMISSIBLE NON-AUDITSERVICES OF INDEPENDENT AUDITORS

 

TheCompany currently does not have a designated Audit Committee, and accordingly,the Company's Board of Directors' policy is to pre-approve all audit andpermissible non-audit services provided by the independent auditors. Theseservices may include audit services, audit-related services, tax services andother services. Pre-approval is generally provided for up to one year and anypre-approval is detailed as to the particular service or category of servicesand is generally subject to a specific budget. The independent auditors andmanagement are required to periodically report to the Company's Board ofDirectors regarding the extent of services provided by the independent auditorsin accordance with this pre-approval, and the fees for the services performed todate. The Board of Directors may also pre-approve particular services on acase-by-case basis.

 

27
*(6)If greater than 50 percent, disclose the percentage of hours expended on theprincipal accountant's engagement to audit the registrant's financial statementsfor the most recent fiscal year that were attributed to work performed bypersons other than the principal accountant's full-time, permanent employees.

 

Notapplicable.

 

28
**SIGNATURES**
 

Pursuantto the requirements of Section 13 or 15(d) of the Securities Exchange Act of1934, the registrant has duly caused this report to be signed on its behalf bythe undersigned thereunto duly authorized.

 

CARDINALMINERALS, INC.

(Registrant)

 

 

By:/s/RolandVetter                                                
RolandVetter, President, CFO and Director

 

Pursuantto the requirements of the Securities Exchange Act of 1934, this report has beensigned below by the following persons on behalf of the registrant and in thecapacities and on the dates indicated.

 

/s/RolandVetter                

President,CFO and Director   

  April14, 2004

RolandVetter

 

/s/Andrew Schwab           

Secretary   

 April 14, 2004

AndrewSchwab

 

/s/CarolO'Shea                

Treasurer   

 April 14, 2004

CarolO'Shea

 

/s/DanaHansen                 

Director   

 April 14, 2004

DanaHansen

 

/s/      Milton Datsopoulos       

Director   

 April 14, 2004

MiltonDatsopoulos

 

29

 

TABLEOF CONTENTS

   

PAGE

INDEPENDENTAUDITORS' REPORT   

 F-1

  

BALANCESHEET   

 F-2

  

STATEMENTOF OPERATIONS   

 F-3

  

STATEMENTOF STOCKHOLDERS' EQUITY   

 F-4

  

STATEMENTOF CASH FLOWS   

 F-5

  

NOTESTO FINANCIAL STATEMENTS   

 F-6 - F-20

 

30
**Auditors'Report**
 

 

Tothe Shareholders and Board of Directors

CardinalMinerals Inc. (formerly Sun Power Corporation)

 

Wehave audited the consolidated balance sheets of Cardinal Minerals Inc. (formerlySun Power Corporation) (a development stage enterprise) as at December 31, 2003and 2002, and the related consolidated statements of operations and deficit andcash flows for the years ended December 31, 2003 and 2002 and the period frominception on November 24, 1994 to December 31, 2003. These consolidatedfinancial statements are the responsibility of the Company's management. Ourresponsibility is to express an opinion on these consolidated financialstatements based on our audits.

 

Weconducted our audits in accordance with auditing standards generally accepted inthe United States of America. Those standards require that we plan and performthe audit to obtain reasonable assurance about whether the financial statementsare free of material misstatement. An audit includes examining, on a test basis,evidence supporting the amounts and disclosures in the financial statements. Anaudit also includes assessing the accounting principles used and significantestimates made by management, as well as evaluating the overall financialstatement presentation. We believe that our audits provide a reasonable basisfor our opinion.

 

Inour opinion, the consolidated financial statements referred to above presentfairly, in all material respects, the financial position of the Company as atDecember 31, 2003 and 2002 and the results of its operations and its cashflows for the years ended December 31, 2003 and 2002 and the period frominception on November 24, 1994 to December 31, 2003 in accordance withaccounting principles generally accepted in the United States of America.

 

Theaccompanying consolidated financial statements have been prepared assuming thatthe Company will continue as a going concern. As discussed in note 1(a) to theconsolidated financial statements, the Company has incurred recurring lossesfrom operations and has a working capital deficiency that raise substantialdoubt about its ability to continue as a going concern. Management's plans inthis regard are also described in note 1(a). The financial statements do notinclude any adjustment that might result from the outcome of this uncertainty.

 

(signed)"KPMG LLP"

CharteredAccountants

 

Vancouver,Canada

March19, 2004

 

F-1

 
**CardinalMinerals Inc.**
(FormerlySun Power Corporation)

(ADevelopment Stage Enterprise)

ConsolidatedBalance Sheets

 

(Expressedin United States dollars)

December31, 2003 and 2002

2003
2002
Assets
Current      assets:
Cash
$      687
$      14
Accounts      receivable and other
-
100
Prepaids      and deposits
-
8,009
Total      current assets
687
8,123
 

 

 

Investment
1
1
 

 

 

Fixed      assets
12,351
17,644
 

 

 

Deferred      financing costs
-
17,433
Total      assets
$      13,039
$      43,201
 

 

 

Liabilities      and Stockholders' Deficiency
 

 

 

 

 

Current      liabilities
 

 

Accounts      payable and accrued liabilities
$      144,610
$      238,604
Promissory      note
10,000
30,000
Loans      from related party
-
145,722
 

154,610
414,326
 

 

 

Accounts      payable to be settled by common shares (note 8(d))
-
450,054
 

 

 

Loans      to be settled by common shares
-
1,350,050
 

 

 

Stockholders'      deficiency:
 

 

Capital      stock:
 

 

Authorized:
 

 

100,000,000      common shares with a par value of $0.01
 

 

25,000,000      preference shares with a par value of $0.01
 

 

Issued:
 

 

21,316,914      common shares (2002 - 10,560,333)
639,507
316,810
1,554,562      preference shares (note 7(a))
1,554,562
1,554,562
Issuable      common shares (note 1)
-
250,000
Additional      paid-in capital (note 8(a))
4,190,135
1,135,857
Deficit      accumulated during the development stage
(6,525,775)
(5,428,458)
Total      stockholders' deficiency
(141,571)
(2,171,229)
Total      liabilities and stockholders' deficiency
$      13,039
$      43,201
 

Subsequentevent (notes 1, 7(a) and 8)

Seeaccompanying notes to consolidated financial statements.

 

F-2
**CardinalMinerals Inc.**
(FormerlySun Power Corporation)

(ADevelopment Stage Enterprise)

 

ConsolidatedStatements of Operations and Deficit

(Expressedin United States dollars)

 

 

 

Year      ended

December      31,

2003
 

 

 

Year      ended

December      31,

2002
Period      from

inception      on

November      24,

1994      to

December      31,

2003
 

 

 

 

Revenue
$      -
$      223
$      88,357
 

 

 

 

Expenses:
 

 

 

Management      and consulting fees with related parties, including stock-based      compensation of nil (2002 - $199,311)
       
467,769
 

639,411
 

2,343,120
Professional      fees
195,270
201,222
763,920
Product      research and development costs
-
324,871
732,325
Administrative      and other expenses
58,066
342,905
909,886
Interest
225,427
297,862
523,289
Corporate      development
120,491
203,100
323,591
Mineral      property option payments (note 1)
25,000
250,000
275,000
Amortization
5,294
17,603
25,950
 

1,097,317
2,276,974
5,897,081
 

 

 

 

Loss      before undernoted
(1,097,317)
(2,276,751)
(5,808,724)
 

 

 

 

Loss      on disposal of Camden-Agro Systems Inc.
-
-
(244,536)
Gain      on disposal of Renewable Energy Corp.
-
162,900
162,900
Gain      on disposal of Sunspring, Inc.
-
62,494
62,494
 

 

 

 

Loss      for the period
(1,097,317)
(2,051,357)
(5,827,866)
 

 

 

 

Deficit      accumulated during the development stage, beginning of period
(5,428,458)
(3,167,407)
      -
 

 

 

 

Charge      to deficit
-
-
(488,215)
 

 

 

 

Deemed      dividend on preferred stock (note 8(e))
-
(209,694)
(209,694)
 

 

 

 

Deficit      accumulated during the development stage, end of period
$      (6,525,775)
$      (5,428,458)
$      (6,525,775)
 

 

 

 

Basic      and diluted loss per share
$      (0.10)
$      (0.19)
$      (0.73)
 

 

 

 

Weighted      average number of shares outstanding
11,232,942
10,534,968
8,291,999
 

Seeaccompanying notes to consolidated financial statements.

 

F-3
**CardinalMinerals Inc.**
(FormerlySun Power Corporation)

(ADevelopment Stage Enterprise)

 

ConsolidatedStatements of Cash Flows

(Unaudited)

(Expressedin United States dollars)

 

 

 

Year      ended

December      31,

2003
 

 

 

Year      ended

December      31,

2002
Period      from

inception      on

November      24,

1994      to

December      31,

2003
 

Continuing      operations:
 

 

 

            Loss        for the period    
$      (1,097,317)
$      (2,051,357)
$      (5,827,866)
            Items        not involving the use of cash:    
               Amortization
5,293
17,603
25,949
               Stock-based      compensation
-
199,311
826,726
               Shares      issued as a financing fee
-
-
5,000
               Mineral      property option payment
25,000
250,000
275,000
               Loss      on disposal of Camden Agro-Systems Inc.
-
-
244,536
               Gain      on disposal of Renewable Energy Corp.
-
(162,900)
(162,900)
               Gain      on disposal of Sunspring, Inc.
-
(62,494)
(62,494)
               Amortization      of deferred charges classified in interest expense
17,433
95,333
112,766
          Changes      in non-cash operating working capital:
 

 

 

               Accounts      receivable and other
100
25,000
9,193
               Prepaids      and deposits
8,009
11,277
-
               Accounts      payable and accrued liabilities
1,032,155
586,400
1,852,399
 

(9,327)
(1,091,827)
(2,701,691)
 

 

 

 

Investments:
 

 

 

          Expenditures      on fixed assets and patents
-
(43,484)
(47,341)
          Reduction      in cash on disposal of Camden Agro-Systems Inc.
-
-
(208)
          Cash      of acquired business
-
-
107,568
          Reduction      in cash on disposal of Sunspring, Inc.
-
(5,854)
(5,854)
          Reduction      in cash on disposal of Renewable Energy Corp.
-
(7,001)
(7,001)
          Advances      to Sunspring and REC prior to acquisitions
-
-
(175,000)
 

-
(56,339)
(127,836)
 

 

 

 

Financing:
 

 

 

            Promissory        note    
10,000
30,000
40,000
            Issuance        of common shares for cash    
-
100,000
100,657
            Loans        (including accrued interest)    
-
800,350
2,670,111
 

10,000
930,350
2,810,768
 

 

 

 

Effect      of exchange rate changes on foreign currency cash balances
-
-
19,432
 

 

 

 

Increase        (decrease) in cash    
673
(217,816)
673
Cash,        beginning of period    
14
217,830
14
 

 

 

 

Cash,      end of period
$      687
$      14
$      687
 

Seeaccompanying notes to consolidated financial statements.

 

F-4
**CardinalMinerals Inc.**
(FormerlySun Power Corporation)

(ADevelopment Stage Enterprise)

 

ConsolidatedStatements of Cash Flows, Continued

(Unaudited)

(Expressedin United States dollars)

 

 

 

 

Year      ended

December      31,

2003
 

 

 

Year      ended

December      31,

2002
Period      from

inception      on

November      24,

1994      to

December      31,

2003
 

 

 

 

Supplementary      information:
 

 

 

            Interest        paid    
-
-
-
            Income        taxes paid    
-
-
-
            Non-cash        transactions:    
 

 

 

                   Deferred          finance costs funded by loans to related parties    
-
112,766
112,766
                 Issuance        of common shares:    
 

 

 

                        On          acquisitions    
-
-
310,950
                        In          settlement of obligations    
3,126,975
59,750
3,186,725
                        Mineral          property    
25,000
250,000
275,000
                 Issuance        of preference shares:    
 

 

 

                        On          acquisitions    
-
-
160,000
                        In          settlement of shareholder loan    
-
1,554,562
1,554,562
 

Seeaccompanying notes to consolidated financial statements.

 

F-5
**Cardinal  Minerals Inc.**
(Formerly  Sun Power Corporation)

(A  Development Stage Enterprise)

 

Notes  to Consolidated Financial Statements

(Expressed  in United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
**1.   Nature and continuance of operations:**
 

Cardinal    Minerals Inc. (the "Company"), formerly Sun Power Corporation, was    incorporated pursuant to the laws of the State of Nevada on August 20, 1996.    The change of the Company's name to Cardinal Minerals Inc. was approved by    its shareholders at a meeting held on December 29, 2003. It is listed on the    National Association of Securities Dealers Over-The-Counter Bulletin Board    under the symbol "CDIN". Subsequent to December 31, 2003, the    Company consolidated its common share capital on a 1 for 3 basis. All common    share and per share information presented in these financial statements has    been retroactively restated to reflect this share consolidation.

 

Commencing    November 2, 1998, the Company held a 90% investment in Camden    Agro-Systems Inc. ("CASI"), a Canadian company, as its sole asset    (note 6). Prior to that date the Company was inactive. Effective December    31, 2001, the Company held a 100% interest in Sunspring, Inc. ("Sunspring")    (note 3) and Renewable Energy Corp. ("REC") (note 4).

 

On    November 20, 2002, Solar Energy Limited exercised their right to exchange    their 8,000,000 shares of the Company's Series A Preferred Stock for the    return of all of the issued and outstanding shares of Sunspring.    Concurrently, Renewable Energy Limited exercised their right to exchange    their 8,000,000 shares of the Company's Series B Preferred Stock for the    return of all of the issued and outstanding shares of REC. As a result, on    December 6, 2002 and effective as of December 30, 2002, the Company    exchanged all of the shares of Sunspring and REC for all of its issued and    outstanding Series A and Series B preferred stock.

 

On    December 16, 2002, the Company executed an Agreement (the    "Agreement") with Securities Trading Services Inc.    ("STS") in which STS agreed to assign to the Company its rights to    purchase the shares of Minera Real de Cosala SA de CV ("Minera    Real"), a Mexican company that holds title to certain mining claims and    related assets, as well as certain real property owned by one of the    shareholders of Minera Real and a family member (collectively "the    Property") located in Sinaloa, Mexico.

F-6
**Cardinal  Minerals Inc.**
(Formerly  Sun Power Corporation)

(A  Development Stage Enterprise)

 

Notes  to Consolidated Financial Statements

(Expressed  in United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
****
The    terms of the Assignment of Purchase Option Agreement required the Company to    pay within ten days after the execution of the Agreement the sum of    $250,000, payable in 333,333 restricted common shares at a deemed value of    $0.75 per common share. These shares had not been issued at    December 31, 2002 but were issued in February 2003 and are reflected at    their fair value at the Agreement date as issuable common shares in    stockholders' deficiency at December 31, 2002.

 

On    October 15, 2003, the option to purchase the shares of Minera Real expired    unexercised.

On    January 26, 2004, the Company announced that it has acquired an assignment    of an option to purchase all of the outstanding issued and common shares of    Hunter Gold Mining Corp., a Canadian corporation, which through its wholly    owned US subsidiary, Hunter Gold Mining Inc., owns a 100% interest in the    Bates-Hunter Gold Mine and the Golden Gilpin Mill (the    "Properties") located in Central City, Colorado. This option to    purchase was assigned to the Company by a significant shareholder of the    Company. Under the terms of the assigned option, Cardinal has until July 31,    2004 to complete its due diligence and close on the acquisition of the    Properties by way of a payment of $3,000,000 plus the payment of a one    percent net smelter return royalty payable to Goldrush Casino and Mining    Corporation to a maximum of $1,500,000. Immediately upon the execution and    closing of the formal agreement to acquire the Properties, the Company    agreed to issue to the shareholder 2,000,000 share purchase warrants    exercisable into unregistered, restricted common shares having an exercise    price equal to the 10 day average trading price of Company's common shares    immediately prior to the closing of the formal agreement. The Company also    agreed to pay the shareholder $30,000 on assignment of the option.

 

Completion    of this acquisition is subject to the satisfactory completion of due    diligence and financing.
** 

(a)   Future operations:

 **
These      consolidated financial statements have been prepared on the basis of a      going concern, which contemplates the realization of assets and the      satisfaction of liabilities in the normal course of business. The Company      has suffered recurring losses and has not generated profitable operations      since inception. In addition, at December 31, 2003 the Company has a      working capital deficiency of $153,923 and a stockholders' deficiency of      $141,571.

F-7
**CardinalMinerals Inc.**
(FormerlySun Power Corporation)

(ADevelopment Stage Enterprise)

 

Notesto Consolidated Financial Statements

(Expressedin United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
****
The        continuance of the Company as a going concern is dependent on the        continued forebearance of its creditors, obtaining financing for        continued operations and the attainment of profitable operations.        Management is in the process of identifying sources for additional        financing to fund the ongoing development of the Company's business.

 

The        Company's future capital requirements will depend on many factors,        including costs of completion of the acquisition of the Property, cash        flow from operations, costs to complete an expansion of mine production        and the mill throughput, and competition and global market conditions.        The Company's recurring operation losses and growing working capital        needs will require that it obtain additional capital to operate its        business before the new businesses generates significant revenue.

 

The        Company will depend almost exclusively on outside capital to complete        the acquisition and planned modifications to the property. Such outside        capital may include the sale of additional stock and/or commercial        borrowing. There can be no assurance that capital will be available as        necessary to meet these continuing development costs or, if the capital        is available, it will be on terms acceptable to the Company. The        issuances of additional equity securities by the Company would result in        a significant dilution in the equity interests of its current        stockholders. Obtaining commercial loans, assuming those loans would be        available, will increase the Company's liabilities and future cash        commitments. If the Company is unable to obtain financing in the amounts        and on terms deemed acceptable, the business and future success may be        adversely affected.

 

Given        the Company's limited operating history, lack of sales, and the        continued operating losses, there can be no assurance that it will be        able to achieve or maintain profitability.

 
**(b)   Development stage enterprise:

For      U.S. accounting purposes the Company is considered to be a development      stage enterprise from inception on November 24, 1994 to December 31, 2003      as its efforts have been and continue to be primarily directed towards the      development of new products. The identification of an entity as a      development stage enterprise does not impact the measurement and      recognition principles applied in these consolidated financial statements      but does require the disclosure of specified cumulative from inception and      other information.

F-8
**CardinalMinerals Inc.**
(FormerlySun Power Corporation)

(ADevelopment Stage Enterprise)

 

Notesto Consolidated Financial Statements

(Expressedin United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
******2.   Significant accounting policies:

 **
The    consolidated financial statements have been prepared in accordance with    generally accepted accounting principles in the United States.
** 

(a)   Principles of presentation:**
These        consolidated financial statements include the accounts of Cardinal        Minerals Inc. ("Sun Power" or the "Company") and its        wholly owned subsidiaries, Sunspring, Inc. ("Sunspring") (note        3) and Renewable Energy Corp. ("REC") (note 4), from their        respective date of acquisition to their respective dates of disposition.        All material intercompany balances and transactions have been        eliminated.

 

These        consolidated financial statements are presented in U.S. dollars which is        the Company's currency. Transactions denominated in other currencies are        translated at exchange rates in effect at the date of the transactions        with exchange gains and losses included in the determination of income.        To date exchange gains and losses have been nominal.

 

Management        of the Company has made a number of estimates and assumptions relating        to the reporting of assets, liabilities, revenues and expenses and the        disclosure of contingent assets and liabilities in preparing these        financial statements in conformity with accounting principles generally        accepted in the United States. Actual results could differ from those        estimates. In these consolidated financial statements, significant areas        requiring the use of management estimates relate to the recoverability        of fixed assets and patents and rates for amortization.
**(b)   Fixed assets:**
Fixed        assets are recorded at cost. Amortization is calculated from the date of        acquisition using the following methods and rates:

Asset
Basis
Rate
 

 

 

Computer      equipment
declining-balance
30%
 

 

 
** **
F-9
**Cardinal  Minerals Inc.**
(Formerly  Sun Power Corporation)

(A  Development Stage Enterprise)

 

Notes  to Consolidated Financial Statements

(Expressed  in United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
****
 
**(c)   Impairment of long-lived assets and long-lived assets to be disposed of:

 

The        Company accounts for long-lived assets, which includes fixed assets and        patents, in accordance with the provision of SFAS No. 121, *"Accounting        for the Impairment of Long-Lived Assets and for Long-Lived Assets To Be        Disposed Of"*. This statement requires that long-lived assets        and certain identifiable intangibles be reviewed for impairment whenever        events or changes in circumstances indicate that the carrying amount of        an asset may not be recoverable. Recoverability of assets to be held and        used is measured by a comparison of the carrying amount of an asset to        future undiscounted net cash flows expected to be generated by the        asset. If such assets are considered to be impaired, the impairment to        be recognized is measured as the amount by which the carrying amount of        the assets exceed the fair value of the assets.
**(d)   Deferred financing costs:

 **
Deferred    financing costs are amortized over the term of the related debt.
**(e)   Mineral property costs:

 **
Mineral        property costs incurred prior to the property having a bankable        feasibility study are expensed as incurred.
**(f)   Research and development costs:

 **
Research    and developments costs are expensed as incurred.
**(g)   Stock option plan:**
 

The        Company has a stock-based compensation plan which is described in note        8(b)). For grants to employees, officers and directors (collectively,        "employees"), compensation expense is recognized over the        vesting period in an amount equal to the difference, if any, between the        market value of the Company's common shares at that measurement date and        the exercise price. The value recognized for option grants is expensed        in the consolidated statements of operations. Options granted to        non-employees are recorded at their fair value as the services are        provided and the options earned.

F-10
**Cardinal  Minerals Inc.**
(Formerly  Sun Power Corporation)

(A  Development Stage Enterprise)

 

Notes  to Consolidated Financial Statements

(Expressed  in United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
****
Set        out below is loss and loss per share information as if the Company had        determined compensation expense based on the fair value at the grant        date for its employee stock options:

 

2003
2002
 

 

 

Loss      for the year:
 

 

As      reported
$      (1,097,317)
$      (2,051,357)
Pro      forma
(1,097,317)
(2,306,836)
 

 

 

Basic      and diluted loss per share:
 

 

As      reported
$      (0.10)
$      (0.19)
Pro      forma
(0.10)
(0.22)
The        fair value of stock options granted during 2001 was estimated using the        Black-Scholes option-pricing model with the following weighted average        assumptions: expected dividend yield of 0%, risk-free interest rate of        4.74%, an expected life equal to their maximum term, and a volatility of        59.6%. No option agreements were entered into with employees in 2002 or        2003.
** 

(h)   Income taxes:

 **
The        Company follows the asset and liability method of accounting for income        taxes. Under this method, deferred tax assets and liabilities are        recognized based on the estimated future tax consequences attributable        to differences between the financial statement carrying amounts of        existing assets and liabilities and their respective tax bases and of        loss carry forwards. Deferred tax assets and liabilities are measured        using enacted tax rates in effect for the year in which those temporary        differences are expected to be recovered or settled. The effect on        deferred tax assets and liabilities of a change in tax rates is        recognized in income in the period that includes the enactment date. To        the extent that the realizability of the benefit of deferred tax assets        is not considered to be more likely than not, a valuation allowance is        provided.

F-11
**Cardinal  Minerals Inc.**
(Formerly  Sun Power Corporation)

(A  Development Stage Enterprise)

 

Notes  to Consolidated Financial Statements

(Expressed  in United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
******(i)   Loss per share:**
Loss        per share is calculated using the weighted average number of shares        outstanding during the fiscal period. This average includes as        outstanding common shares, shares issued in a reporting period from the        date of their issuance. Diluted per share amounts do not differ from        basic per share amounts as the effect of stock options outstanding        during the periods presented is anti-dilutive.
**3.   Acquisition and disposition of Sunspring, Inc.:**
 

Pursuant    to an Agreement and Plan of Share Exchange between Solar Energy Limited    ("Solar") (the parent company of Sunspring), Sunspring and the    Company, dated September 4, 2001, in consideration for acquiring all of    Sunspring's issued and outstanding shares, the Company issued 666,667 common    shares and 8,000,000 preference shares to Solar.

 

Under    the Sunspring Agreement and Plan of Share Exchange, if certain conditions    relating to technology development, intellectual property or employment of    management are not met by Sunspring, then the Company has the right to elect    to exchange the Sunspring acquired shares for the Company's Preference    Shares issued to Solar on acquisition. In addition, if the Company had not    advanced the minimum working capital requirements then Solar shall have the    right to exchange the Company's Preference Shares for the Sunspring acquired    shares.

 

In    accordance with the terms of the Sunspring Agreement and Plan of Share    Exchange, on November 20, 2002, Solar Energy Limited exercised their    right to exchange their 8,000,000 shares of the Company Series A Preferred    Stock for the return of all of the issued and outstanding shares of    Sunspring.

 

The    net assets of Sunspring at the date of the disposition is summarized as    follows:

F-12
**CardinalMinerals Inc.**
(FormerlySun Power Corporation)

(ADevelopment Stage Enterprise)

 

Notesto Consolidated Financial Statements

(Expressedin United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
****

Current      assets
$      7,001
Advances
219,941
Non-current      assets
44,373
 

271,315
 

 

Current      liabilities
253,809
Net      asset
17,506
Value      assigned to Series A preferred stock returned
80,000
Gain      on disposal of Sunspring
$      62,494
 
**4.   Acquisition of Renewable Energy Corp.:**
 

Pursuant    to an Agreement and Plan of Share Exchange between Renewable Energy Limited    ("REL") (the parent company of REC), REC and the Company, dated    October 19, 2001, in consideration for acquiring all of REC's issued and    outstanding shares, the Company issued 666,667 common shares and 8,000,000    preference shares to REL.

 

Per    the Agreement and Plan of Share Exchange, if certain conditions relating to    technology development, intellectual property or employment of management    are not met by REC, then the Company had the right to exchange the REC    acquired shares for the Company's Preference Shares issued to REL on    acquisition. In addition, if the Company has not advanced the minimum    working capital requirements then REL shall have the right to exchange the    Company's Preference Shares for the REC acquired shares.

 

In    accordance with the terms of the REC Agreement and the Plan of Share    Exchange, on November 20, 2002, Solar Energy Limited exercised their right    to exchange their 8,000,000 shares of the Company's Series B Preferred Stock    for the return of all of the issued and outstanding shares of REC.

F-13
**Cardinal  Minerals Inc.**
(Formerly  Sun Power Corporation)

(A  Development Stage Enterprise)

 

Notes  to Consolidated Financial Statements

(Expressed  in United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
****
The    net assets of REC at the date of the disposition is summarized as follows:

Current      assets
$      5,854
Advances
176,780
Non-current      assets
17,056
 

199,690
 

 

Current      liabilities
282,590
 

 

Net      asset deficiency
82,900
Value      assigned to Series B preferred stock returned
80,000
 

 

Gain      on disposal of REC
$      162,900** 

5.   Acquisition and disposition of Camden Agro-Systems Inc.:

 **
CASI    was incorporated under the Ontario Business Corporations Act (1982) on    November 24, 1994 to carry on the business of management consulting and    product development.

 

Pursuant    to the Plan and Agreement of Reorganization dated November 2, 1998, the    Company issued 6,666,667 common shares from treasury for 9,000 issued and    outstanding common shares of CASI representing a 90% holding in CASI. In    addition, the agreement provided for the issuance of additional shares of    the Company to the vendor of the 9,000 common shares of CASI at a rate of    0.3333 common shares for every $0.20 of earnings before interest, tax,    amortization and depreciation of CASI for the period from November 2, 1998    to the earlier of November 2, 2000 or 18 months from the commencement of    commercial operations. No additional shares were issued related to either    the performance or indemnification clauses. Related to the agreement,    166,667 common shares of the Company were issued to Securities Trading    Services Inc., an unrelated party, as a financing fee.

F-14
**Cardinal    Minerals Inc.**
(Formerly  Sun Power Corporation)

(A  Development Stage Enterprise)

 

Notes  to Consolidated Financial Statements

(Expressed  in United States dollars)

 

Yearsended December 31, 2003 and 2002

Period from inception on November 24, 1994 to December 31, 2003
****
The    agreement resulted in control of the Company passing to the former    shareholders of CASI. The transaction was accounted for as a    recapitalization of CASI, as if CASI had issued common shares to acquire the    net monetary assets of the Company. The financial statements reflect the    operations of CASI from its inception with the activities of the Company    consolidated from November 2, 1998, the date of the transaction.

 

The    Company entered into a letter agreement dated February 12, 2001 related to    the sale of all of its interests in CASI in exchange for $100 cash and 1,000    preferred shares of CASI which are redeemable at $1,000 per share. The    redemption price and any dividends declared will be paid by CASI only if    CASI is successful in selling fertilizer and plant growth products under its    pending patents. For each ton of product sold or licensed by CASI, CASI will    pay $1 toward redemption of a preference share and $0.34 toward payment of    outstanding dividends on the preferred shares. Once $1,000,000 has been paid    by CASI towards redemption of the preferred shares, the preferred shares    will be fully redeemed and cancelled. Once redeemed, the preferred share    dividend will convert to a royalty of $1 per ton of product sold by CASI.    The preferred shares will be subordinated to bank debt which CASI will    require in order to build its North Carolina plant. To December 31, 2003, no    proceeds have been recorded from CASI.

 
**6.   Fixed assets:**
 

 

2003
 

 

Cost
 

Accumulated      amortization
 

Net      book value
 

 

 

 

 

 

 

Computer      equipment
$
21,964
$
9,613
$****************************************************************** |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|