----

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| Colorado                      |   | 000-51139                     |   | 13-4228144                             |
|-------------------------------|--------|-------------------------------|--------|----------------------------------------|
| (State      of Incorporation) |   | (Commission      File Number) |   | (IRS      Employer Identification No.) |

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Table of Contents

| Item      1                            | Financial      Statements (Unaudited)                                                                | Page   |
|----------------------------------------|------------------------------------------------------------------------------------------------------|--------|
|                                   | Consolidated      Balance SheetsMarch      31, 2008 and December 31, 2007                            | 1      |
|                                   | Consolidated      Statements of OperationsThree      months ended March 31, 2008 and 2007            | 2      |
|                                   | Consolidated      Statements of Cash Flows – Three months ended March 31, 2008 and      2007   | 3      |
|                                   | Consolidated      Statement of Changes in Stockholders’ Equity – March 31,    2008       | 4      |
|                                   | Notes      to Consolidated Financial Statements                                                      | 5      |
| Item      2                            | Management’s      Discussion and Analysis of Financial Conditionand      Results of Operations | 20     |
| Item      3                            | Quantitative      and Qualitative Disclosures About Market Risk                                      | 23     |
| Item      4                            | Controls      and Procedures                                                                         | 24     |
| Item      4T                           | Controls      and Procedures                                                                         | 24     |
| PART      II – OTHER INFORMATION |                                                                                                 |   |
| Item      1                            | Legal      Proceedings                                                                               | 26     |
| Item      2                            | Changes      in Securities                                                                           | 26     |
| Item      3                            | Defaults      Upon Senior Securities                                                                 | 26     |
| Item      4                            | Submission      of Matters to a Vote of Security Holders                                             | 26     |
| Item      5                            | Other      Information                                                                               | 26     |
| Item      6                            | Exhibits                                                                                             | 27     |
|                                   | Exhibit      31                                                                                      | 28     |
|                                   | Exhibit      32                                                                                      | 30     |
|                                   | SIGNATURES                                                                                           | 27     |

----

|                                              |                                                                      |                                                                                                                                                                                     |                                                                                                                      |                                                                                                                                                          | March      31, 2008 Unaudited RESTATED                                                                                                                        |                                                                                                                                               | December      31, 2007 Audited  RESTATED                                                                                      |
|---------------------------------------------------|---------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------|
| ASSETS:                                           |                                                                      |                                                                                                                                                                                     |                                                                                                                      |                                                                                                                                                          |                                                                                                                                                          |
|                                              | Current      Assets:                                                      |                                                                                                                                                                                     |                                                                                                                      |                                                                                                                                                          |
|                                              |                                                                      | Cash      and cash equivalents                                                                                                                                                           |  $              3,162                          |                                                                                                                                                          |  $                1,407                                                  |
|                                              |                                                                      | S/T      Mortgages receivable - Net of $169 allowance, deferred revenue of $77 on      March 31, 2008 and $5 on December 31, 2007                                                        | 2,524                                                                                                                     |                                                                                                                                                          |            2,148                                                                                       |
|                                              |                                                                      | S/T      Note receivable - Jaguar Group LLC Net of $39 imputed interest on March      31, 2008 and $54 on December 31, 2008                                                              |           1,352                                                         |                                                                                                                                                          |                   1,047                                             |
|                                              |                                                                      | Accrued      interest receivable                                                                                                                                                         |                  27                  |                                                                                                                                                          |                         45            |
|                                              |                                                                      | Advances      receivable                                                                                                                                                                 |                     1 |                                                                                                                                                          |                           5 |
|                                              |                                                                      | Prepaid      expenses                                                                                                                                                                    |                  40                  |                                                                                                                                                          |                         62            |
|                                              | Total      Current Assets                                                 |           7,106                                                                                                                        |                                                                                                                      |                   4,714                                             |
|                                              |                                                                      |                                                                                                                                                                                     |   Property, equipment and      software, net                                                                    |                  80                                                      |                                                                                                                                                          |                         45 |
|                                              | Other      Assets                                                         |                                                                                                                                                                                     |                                                                                                                      |                                                                                                                                                          |
|                                              |                                                                      | Notes      receivable - (Note 4) - Aegis/Grizzle                                                                                                                                         |                483                             |                                                                                                                                                          |                       450                       |
|                                              |                                                                      | Investment      - BPZ Energy - (Note 3, 5)                                                                                                                                               |        2,232                                                                           |                                                                                                                                                          |                   2,541                                             |
|                                              |                                                                      | Investment      in Boston Property (Note 5)                                                                                                                                              |          1,530                                                               |                                                                                                                                                          |                   1,279                                             |
|                                              |                                                                      | Real      estate owned (Note 5)                                                                                                                                                          |                640                             |                                                                                                                                                          |                       379                       |
|                                              |                                                                      | Other      assets                                                                                                                                                                        |                     6 |                                                                                                                                                          |                         15            |
|                                              |                                                                      |                                                                                                                                                                                     |        Total      Other Assets                                                         |          4,891                                                                                                   |                                                                                                                                                          |                   4,664                                  |
| TOTAL      ASSETS                                 |  $        12,077             |                                                                                                                                                                                     |  $                9,423              |
|                                              |                                                                      |                                                                                                                                                                                     |                                                                                                                      |                                                                                                                                                          |                                                                                                                                                          |                                                                                                                                               |                                                                                                                                    |
| LIABILITIES      & STOCKHOLDERS' EQUITY:      |                                                                      |                                                                                                                                                                                     |                                                                                                                      |
|                                              | Current      Liabilities:                                                 |                                                                                                                                                                                     |                                                                                                                      |                                                                                                                                                          |
|                                              |                                                                      | Accounts      payable                                                                                                                                                                    |  $                15                 |                                                                                                                                                          |  $                     15                       |
|                                              |                                                                      | Short      term borrowings  (Note 5A)                                                                                                                                          |                  991                 |                                                                                                                                                          |                       286                       |
|                                              |                                                                      | Accrued      taxes and liabilities                                                                                                                                                       |                  726                 |                                                                                                                                                          |                       151                       |
|                                              | Total      Current Liabilities                                            |               1,732                                                                                                |                                                                                                                      |                       452                       |
|                                              | Minority      Interest in Subsidiary (Note 1, 2)                          |                     3                                                                |                                                                                                                      |                           3 |
|                                              |                                                                      |                                                                                                                                                                                     |                                                                                                                      | Total      Liabilities                                                                                                                                        |               1,735                                                                     |                                                                                                                                               |                       455 |
|                                              | Stockholders'      Equity:                                                |                                                                                                                                                                                     |                                                                                                                      |                                                                                                                                                          |
|                                              |                                                                      | Common      stock, $0.001 par value, 100,000,000 shares authorized, 9,024,583 and      8,924,862 shares issued and outstanding at March 31, 2008 and December 31,      2007 respectively |                     9 |                                                                                                                                                          |                           9 |
|                                              |                                                                      | Additional      paid-in capital                                                                                                                                                          |               8,763                                 |                                                                                                                                                          |                   8,758                                             |
|                                              |                                                                      | Accumulated      other comprehensive income (Note 2)                                                                                                                                     |               1,750                                 |                                                                                                                                                          |                    1,578                                       |
|                                              |                                                                      | Accumulated      earnings / (deficit)                                                                                                                                                    |                 (180)                     |                                                                                                                                                          |                  (1,377)                                                 |
|                                              |                                                                      |                                                                                                                                                                                     |         Total      Stockholders' Equity                                           |             10,342                                                                                |                                                                                                                                                          |                    8,968                            |
| TOTAL      LIABILITIES & STOCKHOLDERS' EQUITY |  $          12,077 |                                                                                                                                                                                     |  $                9,423              |

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|                                                                                  |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            | For      the Three Months Ended                                                                                                       |
|---------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                  |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            | March      31, 2008 RESTATED                                                                                                          | March      31, 2007 RESTATED |
| Revenue                                                                               |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |  $             289                                              |  $              224 |
| Cost      of fees including facilities andcommissions                                 |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                 186                             | 242                                                                                                                                   |
| Gross      Profit                                                                     |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                  103                       | (18)                                                                                                                                  |
|                                                                                  |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |                                                                                                                                  |   |
| Operating      Expenses:                                                              |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |
|     General      and administrative                               |                                                                                |                                                                                                                      |                                                                                                                            |                 610                  |                  150                       |
|     Impairment,      depreciation and amortization                |                                                                                |                     8 |                      2 |
|         Total      operating expenses         |                                                                                |                                                                                                                      |                                                                                                                            |                 618                  |                  152                       |
| Loss      from operations                                                             |                                                                                |                                                                                                                      |                                                                                                                            |               (515)                            |                (170)                                 |
|                                                                                  |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |                                                                                                                                  |   |
| Other      income (expense)                                                           |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |
|    Gain      on sale of BPZ investment                                 |                                                                                |                                                                                                                      |              2,487                                             |                    64 |
|    Interest      income                                                |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                   33                  |                       - |
|    Interest      (expense)                                             |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                 (31)                            |                       - |
| Other      income (expense)                                                           |                                                                                |                                                                                                                      |                                                                                                                            |                 (64)                 |                      2 |
|    Total      other income                                             |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |               2,425                                       |                    66                  |
|                                                                                  |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |                                                                                                                                  |   |
| Net      Income (Loss) before minority interest and income tax                        |              1,910 |                (104)                           |
|                                                                                  |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |                                                                                                                                  |   |
|    Minority      Interest                                              |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |                                                                                                                                  |
|       Minority      interest in consolidated subsidiary |                                                                                |                     - |                    (8)           |
| Net      Income (Loss) before taxes                                                   |                                                                                |                                                                                                                      |              1,910                                             |                (112)                      |
|                                                                                  |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |                                                                                                                                  |   |
|    Income      Taxes                                                   |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |                                                                                                                                  |
|       Provision      for income tax                     |                                                                                |                                                                                                                      |                                                                                                                            |               (713)                            |                      - |
| Net      Income (Loss)                                                                |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |  $           1,197                                                  |  $            (112)                                                  |
|                                                                                  |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |                                                                                                                                  |   |
| Earnings      Per Share:                                                              |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |
|     Basic                                                         |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |  $            0.13                                                   |  $           (0.01) |
|                                                                                  |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            |                                                                                                                                  |   |
| Weighted      Average Shares Outstanding:                                             |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |
|    Basic                                                               |                                                                                |                                                                                                                      |                                                                                                                            |                                                                                                                 |                                                                                                                            | 9,093                                                                                                                                 | 7,983 |

Table of Contents

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|                                                  |                                                                                                |                                                                                                                                              | For      the Three Months Ended                                                                                                                   |
|-------------------------------------------------------|-----------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                  |                                                                                                |                                                                                                                                              | March      31, 2008 RESTATED                                                                                                                      | March      31, 2007 RESTATED |
| Cash      Flows from Operating Activities:            |                                                                                                |                                                                                                                                              |
|                                                  | Net      Income (Loss)                                                                              |  $             1,197                                                        |                  (112)                                       |
|                                                  | Adjustments      to reconcile net loss to net cash used in operating      activities:               |                                                                                                                                              |                                                                                                                                              |
|                                                  |                                                                                                | Depreciation                                                                                                                                      |                        8       |                        2 |
|                                                  |                                                                                                | Gain      on sale investments                                                                                                                     |               (2,487)                                                       |                    (64) |
|                                                  |                                                                                                | Increase      in allowances and impairments                                                                                                       |                    164                             |                         - |
|                                                  |                                                                                                | Minority      interest                                                                                                                            |                       -             |                        8 |
|                                                  | Changes      in operating assets and liabilities:                                                   |                                                                                                                                              |                                                                                                                                              |
|                                                  |                                                                                                | Accounts      receivable                                                                                                                          |                         - |                      37 |
|                                                  |                                                                                                | Deferred      Revenue                                                                                                                             |                      77                  | - |
|                                                  |                                                                                                | Prepaid      expenses and other assets                                                                                                            |                    22                              |                    (10) |
|                                                  |                                                                                                | Short      term loans receivable                                                                                                                  |                  (878)                                       |                         - |
|                                                  |                                                                                                | Accrued      interest and advances                                                                                                                | 15                                                                                                                                                |                         - |
|                                                  |                                                                                                | Accounts      payable                                                                                                                             |                    -                               |                    (44) |
|                                                  |                                                                                                | Accrued      liabilities and other                                                                                                                |                  560                                         |                    (4) |
| Net      Cash (Used in) Operating Activities          |               (1,322)         |                  (187)                                       |
|                                                  |                                                                                                |                                                                                                                                              |                                                                                                                                              |   |
| Cash      Flows from Investing Activities:            |                                                                                                |                                                                                                                                              |
|                                                  | Investments      (increased)/decreased                                                              |                                                                                                                                              |                                                                                                                                              |
|                                                  |                                                                                                | Boston      real estate                                                                                                                           |                 (251)                                             |                         - |
|                                                  |                                                                                                | Jaguar      note receivable                                                                                                                       | (307)                                                                                                                                             | - |
|                                                  |                                                                                                | Marketable      securities purchases                                                                                                              |              (1,074)                                                             |                         - |
|                                                  |                                                                                                | Marketable      securities sold                                                                                                                   |               4,042                                                         |                    199 |
|                                                  |                                                                                                | BPZ      legacy options exercised                                                                                                                 |                      -                   |                    362 |
|                                                  | Increase      in fixed assets                                                                       |                   (43)                                  |                         - |
| Net      Cash Provided by Investing Activities        |               2,367           |                   561                                   |
|                                                  |                                                                                                |                                                                                                                                              |                                                                                                                                              |   |
| Cash      Flows from Financing Activities:            |                                                                                                |                                                                                                                                              |
|                                                  | Increase      in short term borrowings                                                              | 705                                                                                                                                               | -                                                                                                                                                 |
|                                                  | Option      exercise proceeds                                                                       |                        5       |                         - |
| Net      Cash Provided by Financing Activities        |                 710 |                         - |
| Net      Increase in Cash & Cash Equivalents      |               1,755           |                   374                                   |
| Beginning      Cash & Cash Equivalents            |              1,407                 |                   179                                   |
| Ending      Cash & Cash Equivalents               |  $             3,162          |                    553                             |
|                                                  |                                                                                                |                                                                                                                                              |                                                                                                                                              |   |
| Supplemental      Disclosure of Cash Flow Information |                                                                                                |                                                                                                                                              |
|                                                  | Non      cash settlement of note receivable                                                         |  $                261                                        |  $                     -            |
|                                                  | Cash      paid for Interest                                                                         |  $                  15                             |  $                     -            |
|                                                  | Cash      paid for Income Taxes                                                                     |  $                103                                        |  $                     -            |

Table of Contents

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|                                                | For      the Years Ended December 31, 2006 and 2007 and Three Months ended March      31, 2008 |
|-----------------------------------------------------|------------------------------------------------------------------------------------------------|
|                                                | (In      thousands)                                                                            |
|                                                |                                                                                           |   |   |   |   |   |   | Accumulated |   |   |   |   |
|                                                |                                                                                           | Voting |   | Additional |   | Other |   | Accumulated |   |   |
|                                                |                                                                                           | Common      Stock |   | Paid-in |   | Comprehensive |   | Profit |   | Stockholder |
|                                                |                                                                                           | Shares |   | Amount |   | Capital |   | Income |   | (Deficit) |   | Equity  |
|                                                |                                                                                           |   |   |   |   |   |   |   |   |   |   |   |
| Balances,      Dec 31, 2006, as previously reported |        7,950                                                | $ |           8 |   |       9,413 |   |            1,483 |   |          (3,973) |   |         6,931 |
|                                                | Unrealized      Gains                                                                          |             - |   |          - |   |      (1,203) |   |                 - |   |                - |   |        (1,203) |
|                                                | Legal      Settlement                                                                          |             - |   |          - |   |            - |   |                 - |   |              295 |   |            295 |
| Balance,      December 31, 2006 (as restated)       |        7,950                                                |   |           8 |   |       8,210 |   |            1,483 |   |          (3,678) |   |         6,023 |
|                                                |                                                                                           |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                                     |                                                                                           |   |   |   |   |   |   |   |           2,301 |   |         2,301 |
|                                                | Options      exercised                                                                         |        1,000 |   |           1 |   |            49 |   |                 - |   |                - |   |              50 |
|                                                | Correct      BPZ transaction                                                                   |             33 |   |          - |   |              2 |   |                 - |   |                - |   |                2 |
|                                                | Correct      private placement                                                                 |             10 |   |          - |   |            - |   |                 - |   |                - |   |              - |
|                                                | Legacy      Option Exercise                                                                    |             - |   |          - |   |          647 |   |                 - |   |                - |   |            647 |
|                                                | Retirement      of stock - Armijo settlement                                                   |         (68) |   |          - |   |        (150) |   |                 - |   |                - |   |           (150) |
|                                                | Gain      on marketable securities                                                             |             - |   |          - |   |            - |   |                95 |   |                - |   |              95 |
| Balances,      December 31, 2007                    |        8,925                                                |   | 9 |   | 8,758 |   | 1,578 |   | (1,377) |   | 8,968 |
|                                                |                                                                                           |   |   |   |   |   |   |   |   |   |   |   |
| Net      Income                                     |             -                      |   |          - |   |            - |   |                 - |   |           1,197 |   |         1,197 |
|                                                | Options      exercised                                                                         |           100 |   |          - |   |              5 |   |                 - |   |                - |   |                5 |
|                                                | Change      in unrealized gains                                                                |             - |   |          - |   |            - |   |               172 |   |                - |   |            172 |
| Balances,      March 31, 2008                       |        9,025                                                | $ | 9 | $ | 8,763 | $ | 1,750 | $ | (180) | $ | 10,342 |

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|                                              |                                        |                                                                                                                                                           |                                                                                                                      |                                                                                                                            | March      31, 2008 (in Thousands)                                                                       |
|---------------------------------------------------|---------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|
|                                              |                                        |                                                                                                                                                           |                                                                                                                      |                                                                                                                            | Previously      Reported                                                                                 | RESTATED | Change |
| ASSETS:                                           |                                        |                                                                                                                                                           |                                                                                                                      |                                                                                                                            |                                                                                                     |
|                                              | Current      Assets:                        |                                                                                                                                                           |                                                                                                                      |                                                                                                                            |
|                                              |                                        | Cash      and cash equivalents                                                                                                                                 |  $       3,189                                                                    |  $          3,162                                                        |  $      (27)                                                          |
|                                              |                                        | Marketable      securities                                                                                                                                     |                   -             |                      - |                -              |
|                                              |                                        | S/T      Mortgages receivable - Net of $169 allowance, deferred revenue of $77          on      March 31, 2008 and $5 on December 31, 2007 | 2,770                                                                                                                     |  2,524                                                                                                                     |  (246)                                                                                              |
|                                              |                                        | S/T      Note receivable - Jaguar Group LLC, net of $39 imputed interest on          March      31, 2008 and $54 on December 31,2008       |         1,392                                                                     |            1,352                                                         |          (40)                                               |
|                                              |                                        | Accrued      interest receivable                                                                                                                               |             54                                                |                 27                              |          (27)                                               |
|                                              |                                        | Advances      receivable                                                                                                                                       |               3                                     |                  1                         |           (2)                                          |
|                                              |                                        | Prepaid      expenses                                                                                                                                          |                   -             |                  40                        |          40                                                 |
|                                              | Total      Current Assets                   |         7,408                                                                                                          |            7,106                                                   |        (302)                                                                                 |
|                                              |                                        |                                                                                                                                                           |   Property, equipment and      software, net                                                                    |             71                                                      |                  80 |               9 |
|                                              | Other      Assets                           |                                                                                                                                                           |                                                                                                                      |                                                                                                                            |
|                                              |                                        | Notes      receivable - Aegis/Grizzle                                                                                                                          |              450                                         |               483                                         |            33                                     |
|                                              |                                        | Investment      - BPZ Energy -                                                                                                                                 |          3,260                                                               |            2,232                                                         |     (1,028)                                                                          |
|                                              |                                        | Investment      in Boston Property                                                                                                                             |         2,170                                                                     |            1,530                                                         |        (640)                                                          |
|                                              |                                        | Real      estate owned                                                                                                                                         |                -                               |               640                                         |          640                                                |
|                                              |                                        | Other      assets                                                                                                                                              |                  5                   |                     6       |               1                    |
|                                              |                                        |                                                                                                                                                           |        Total      Other Assets                                                         |          5,885                                                                     |            4,891                                  |        (985) |
| TOTAL      ASSETS                                 |  $     13,364 |  $        12,077                                                                                                  | $          (1,287)                                                                                    |
|                                              |                                        |                                                                                                                                                           |                                                                                                                      |                                                                                                                            |                                                                                                     |   |   |
| LIABILITIES      & STOCKHOLDERS' EQUITY:      |                                        |                                                                                                                                                           |                                                                                                                      |
|                                              | Current      Liabilities:                   |                                                                                                                                                           |                                                                                                                      |                                                                                                                            |
|                                              |                                        | Accounts      payable                                                                                                                                          |  $            41                                         |  $               15                             |  $        (26)                                              |
|                                              |                                        | Short      term borrowings                                                                                                                                     |            991                                                     |                991                                   |                -              |
|                                              |                                        | Accrued      taxes and liabilities                                                                                                                             |            831                                                     |                726                                   |        (105)                                                          |
|                                              | Total      Current Liabilities              |         1,863                                                                                                          |            1,732                                                   |        (131)                                                                                 |
|                                              | Minority      Interest in Subsidiary        |                   -                                                  |                     3 | 3                                                                                                                               |
|                                              |                                        |                                                                                                                                                           |                                                                                                                      | Total      Liabilities                                                                                                          |         1,863                                                    |             1,735 | (128) |
|                                              |                                        |                                                                                                                                                           |                                                                                                                      |                                                                                                                            |                                                                                                     |   |   |
|                                              | Stockholders'      Equity:                  |                                                                                                                                                           |                                                                                                                      |                                                                                                                            |
|                                              |                                        | Common      stock, $0.001 par value, 100,000,000 shares                                                                                                        |                                                                                                                      |                                                                                                                            |                                                                                                     |
|                                              |                                        |                                                                                                                                                           | authorized,      9,024,583 and 8,924,862 shares issued                                                                    | 9                                                                                                                               | 9                                                                                                        | - |
|                                              |                                        |                                                                                                                                                           | and      outstanding at March 31, 2008 and                                                                                |                                                                                                                            |                                                                                                     |   |
|                                              |                                        |                                                                                                                                                           | December      31, 2007 respectively                                                                                       |                                                                                                                            |                                                                                                     |   |
|                                              |                                        | Additional      paid-in capital                                                                                                                                |          7,407                                                               |            8,763                                                         |       1,356                                                                |
|                                              |                                        | Accumulated      other comprehensive income                                                                                                                    |         2,657                                                                     |            1,750                                                         |        (907)                                                          |
|                                              |                                        | Accumulated      earnings / (deficit)                                                                                                                          |         1,428                                                                     |              (180)                                             |     (1,608)                                                                          |
|                                              |                                        |                                                                                                                                                           |         Total      Stockholders' Equity                                           |       11,501                                                                                      |          10,342                                             |     (1,159) |
| TOTAL      LIABILITIES & STOCKHOLDERS' EQUITY |  $     13,364 |  $        12,077                                                                                                  |  $         (1,287)                                                                                    |

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|                                                                          |                                                                                                           | For      the Three Months Ended March 31, 2008 (In Thousands)                                                             |
|-------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|
|                                                                          |                                                                                                           |
|                                                                          |                                                                                                           | Originally      Reported                                                                                                  | RESTATED | Change |
|                                                                          |                                                                                                           |                                                                                                                      |   |   |
| Revenue                                                                       |                                                                                                           |  $             258                                  |  $             289 |  $             31 |
|     Cost      of Sales                                    |                 224            |                 186                       |              (38) |
| Gross      Profit                                                             |                   34 |                 103                       |                 69 |
|                                                                          |                                                                                                           |                                                                                                                      |   |   |
| Operating      Expenses:                                                      |                                                                                                           |                                                                                                                      |   |
|     General      and administrative                       |                 470            |                 610                       |            (140) |
|     Impairment,      depreciation and amortization        |                   10 |                     8 |                   2 |
|         Total      operating expenses |               480                        |                 618                       |            (138) |
| Loss      from operations                                                     |              (446)                            |             (515)                                             |            (69) |
|                                                                          |                                                                                                           |                                                                                                                      |   |   |
| Other      income (expense)                                                   |                                                                                                           |                                                                                                                      |   |
|    Gain      on sale of BPZ investment                         |              2,385                            |              2,487                                       |               102 |
|    Interest      income                                        |                66                   |                33                              |             (33) |
|    Interest      (expense)                                     |               (15)                       |               (31)                                  |             (16) |
| Other      income (expense)                                                   |              (14)                             |               (64)                                  |             (50) |
|    Total      other income                                     |              2,422                            |              2,425                                       |                   3 |
|                                                                          |                                                                                                           |                                                                                                                      |   |   |
| Net      Income (Loss) before minority interestand      income tax            |              1,976                            |              1,910                                       |            (66) |
|                                                                          |                                                                                                           |                                                                                                                      |   |   |
|    Minority      Interest                                      |                                                                                                           |                                                                                                                      |   |
| Minority      interest in consolidated subsidiary                             |                (67)                 |                   -             |                 - |
| Net      Income (Loss) before taxes                                           |              1,909                            |              1,910                                       |              (66) |
|                                                                          |                                                                                                           |                                                                                                                      |   |   |
|    Income      Taxes                                           |                                                                                                           |                                                                                                                      |   |
|       Provision      for income tax             |             (795)                                  |             (713)                                             |                 82 |
| Net      Income (Loss)                                                        |  $           1,114                                 |  $           1,197                                            |  $             83 |
|                                                                          |                                                                                                           |                                                                                                                      |   |   |
| Earnings      Per Share:                                                      |                                                                                                           |                                                                                                                      |   |
|     Basic                                                 |                                                                                                           |  $            0.12                                       |  $            0.13 |  $           0.01 |
|                                                                          |                                                                                                           |                                                                                                                      |   |   |
| Weighted      Average Shares Outstanding:                                     |                                                                                                           |                                                                                                                      |   |
|    Basic                                                       |                                                                                                           | 9,093                                                                                                                     | 9,093 | - |

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|                                                                                  |                                                                                                                                        | Three      Months ended March 31, 2007                                                                                          |
|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                  |                                                                                                                                        | As      Reported                                                                                                                | RESTATED | Change |
|                                                                                  |                                                                                                                                        |                                                                                                                            |   |   |
| Revenue                                                                               |  $               224                                        |  $             224                                        |  $              - |
|     Cost      of Sales                                            |                        - |                      - |                  - |
| Gross      Profit                                                                     |                   224                             |                 224                             |                  - |
|                                                                                  |                                                                                                                                        |                                                                                                                            |   |   |
| Operating      Expenses:                                                              |                                                                                                                                        |                                                                                                                            |   |
|     General      and administrative                               |                   392                             |                 392                             |                  - |
|     Impairment,      depreciation and amortization                |                       2       |                     2       |                  - |
|         Total      operating expenses         |                   394                             |                 394                             |                  - |
| Loss      from operations                                                             |                 (170)                                       |              (170)                                             |                  - |
|                                                                                  |                                                                                                                                        |                                                                                                                            |   |   |
| Other      income (expense)                                                           |                                                                                                                                        |                                                                                                                            |   |
|    Gain      on sale of BPZ investment                                 |                  199                                   |                   64                  |           (135) |
|    Interest      income                                                |                        - |                      - |                  - |
|    Interest      (expense)                                             |                        - |                      - |                  - |
| Other      income (expense)                                                           |                       2       |                     2       |                  - |
|    Total      other income                                             |                  201                                   |                   66                  |           (135) |
|                                                                                  |                                                                                                                                        |                                                                                                                            |   |   |
| Net      Income (Loss) before minority interest and income tax                        |                    31                        |              (104)                                             |           (135) |
|                                                                                  |                                                                                                                                        |                                                                                                                            |   |   |
|    Minority      Interest                                              |                                                                                                                                        |                                                                                                                            |   |
|       Minority      interest in consolidated subsidiary |                   (8)                             |                  (8)                       |                  - |
| Net      Income (Loss) before taxes                                                   |                  23                                    |                                                                                                                            |            (23) |
|    Income      Taxes                                                   |                                                                                                                                        |                                                                                                                            |   |
|       Provision      for income tax                     |                        - |                      - |                  - |
| Net      Income (Loss)                                                                |  $                 23                             |  $          (112)                                                        |  $       (135) |
|                                                                                  |                                                                                                                                        |                                                                                                                            |   |   |
| Earnings      Per Share:                                                              |                                                                                                                                        |                                                                                                                            |   |
|     Basic                                                         |  $              0.00                                             |  $         (0.01)                                                             |  $      (0.01) |
|                                                                                  |                                                                                                                                        |                                                                                                                            |   |   |
| Weighted      Average Shares Outstanding:                                             |                                                                                                                                        |                                                                                                                            |   |
|    Basic                                                               | 7,983                                                                                                                                       | 7,983                                                                                                                           |                  - |

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| Asset      Type                       | Life      in Years | March      31, 2008 | December      31, 2007 |
|---------------------------------------|--------------------|---------------------|------------------------|
| Office      equipment & Furniture | 5 –      7   | $      98,000       | $      91,000          |
| Computers                             | 3                  | 39,000              | 24,000                 |
| Subtotal                              |               | 137,000             | 115,000                |
| Less      Accumulated Depreciation    |               | 57,000              | 70,000                 |
| Net      Book Value                   |               | $      80,000       | $      45,000          |

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| Year      Ending                        | Proceeds         |
|-----------------------------------------|------------------|
| December      31, 2006                  | $      893,000   |
| December      31, 2007                  | $      7,748,000 |
| Three      months ending March 31, 2008 | $      4,042,000 |

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| Note      From                 | Due                      | Principal      Amount | 3/31/08      Balance | Annual      Interest rate | Accrued      Interest | Collateral                                    |
|--------------------------------|--------------------------|-----------------------|----------------------|---------------------------|-----------------------|-----------------------------------------------|
| Robert      Grizzle            | Oct      17, 2009        | $450,000              | $450,000             | 8%                        | $33,000               | Shares      and options in Navidec and Aegis  |
| Welend-Jaguar                  | June      13, 2008       | 1,100,000             | 1,352,000            | 0%                        | $-0-                  | Junior      security in residential mortgages |
| Short      term home mortgages | Various      and on-gong | 2,693,000             | 2,770,000            | 9.95%      to 14%         | $28,000               | First      mortgage                           |
| Total                          |                     |                  | $4,536,000           |                      |  $61,000         |                                          |
| Less:      Impairments         |                     |                  | 169,000              |                      |                  |                                          |
| Less      Deferred Income      |                     |                  | 77,000               |                      |                  |                                          |
| Net      Balance               |                     |                  | $4,290,000           |                      |                  |                                          |

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|                          |                             |                                                                                                    | For      the Three Months Ended                                                                         |                                                                                              | For      the Three Months Ended                                                 |
|-------------------------------|----------------------------------|---------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|
|                          |                             |                                                                                                    | March      31, 2008                                                                                     |                                                                                              | March      31, 2007                                                             |
|                          |                             |                                                                                                    | (Data      in thousands)                                                                                |                                                                                              | (Data      in thousands)                                                        |
|                          |                             |                                                                                                    |                                                                                                    | Navidec  Financial      Services, Inc.                                                  | Northsight,      Inc.                                                           |   | Navidec      Financial Services, Inc. | Northsight,      Inc. |
|                          |                             |                                                                                                    |                                                                                                    |                                                                                              |
|                          |                             |                                                                                                    |                                                                                                    |                                                                                              |
| Revenue                       |                             |                                                                                                    |                                                                                                    |                                                                                              |                                                                            |   |
|                          | Sales                            | $                                                                                                       |                1             |          288                                         |                                                                            |         224 |                 - |
|                          | Cost      of Sales               |                                                                                                    |                  - |            186                             |                                                                            |              - |                 - |
|                          |                             | Gross      Profit                                                                                       | $                                                                                                       |                 1 |            102           |   |         224 |                 - |
|                          |                             |                                                                                                    |                                                                                                    |                                                                                              |                                                                            |   |   |   |
| Total      Operating Expenses |                             |            234                                   |            384                                   |                                                                                              |         394                             |                 - |
|                          |                             | Operating      Income (Loss)                                                                            | $                                                                                                       |           (233)                                 |         (282)                           |   |          (170) |                 - |
|                          |                             |                                                                                                    |                                                                                                    |                                                                                              |                                                                            |   |   |   |
| Other      Income/(Expense)   |                             |                                                                                                    |                                                                                                    |                                                                                              |                                                                            |   |
|                          | Gain      on sale of investments |                                                                                                    |         2,487                                                   |                -       |                                                                            |           64 |                 - |
|                          | Other      income/(expense)      |                                                                                                    |             (49)                            |           (13)                                  |                                                                            |             2 |                 - |
|                          |                             | Total      Other Income/(Expense)                                                                       | $                                                                                                       |         2,438                                             |           (13)                |   |          66 |               - |
|                          |                             |                                                                                                    |                                                                                                    |                                                                                              |                                                                            |   |   |   |
| Minority      Interest        |                             |                  - |                -             |                                                                                              |           (8)                 |   |
| Income      Taxes (credit)    |                             |            713                                   |                -             |                                                                                              |              - |                 - |
| Net      Income (Loss)        | $                                |         1,492                                                   |         (295)                                                   |                                                                                              |       (112)                                       |                 - |

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| Federal      Rate                  | 34.00%  |
|------------------------------------|---------|
| State      Rate                    | 4.63%   |
| Federal      benefit of State Rate | (1.57)% |
| Net      Effective Rate            | 37.06%  |

|                          | Federal      (000s) |
|-------------------------------|---------------------|
| Book      Income before taxes | $      1,910        |
|                          |                |
| Tax      Adjustments:         |                |
| Additions      (Permanent):   |                |
| Entertainment      exclusion  | 14                  |
| Projected      Taxable Income | $      1,924        |
|                          |                |
| Projected      Tax            | $      713          |

|                                         | Shares                | Weighted      AverageExercise      Price |
|----------------------------------------------|-----------------------|------------------------------------------|
| Outstanding,  January      1, 2008 | 3,681,510             | $      1.18                              |
| Granted                                      | -                     | -                                        |
| Cancelled                                    | -                     | -                                        |
| Expired                                      | -                     | -                                        |
| Exercised                                    |   (100,000) | -                                        |
| Outstanding,      March 31, 2008             | 3,581,510             | $      1.18                              |
| Options      Exercisable , March 31, 2008    | 3,581,510             | $      1.18                              |

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| Number      of commonshares      covered by warrants | Exercise      Price | Expiration      Date |
|------------------------------------------------------|---------------------|----------------------|
| 1,332,500                                            | $      4.00         | August      2010     |
| 1,332,500                                            | 2.00                | August      2010     |
|     150,000                      | 1.00                | July      2010       |
| 2,815,000                                            |                |                 |

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|   |          (i) | pertain      to the  maintenance  of records  that, in      reasonable detail,  accurately and fairly reflect      the  transactions and dispositions of our  assets; |
|--------|-----------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|          (ii) | provide      reasonable  assurance that transactions are recorded as      necessary to permit  preparation of      financial  statements  in accordance with generally      accepted accounting principles, and that our receipts      and  expenditures  are being made on  in      accordance  with  authorizations  of      our  management  and directors;  and |
|------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|          (iii) | provide      reasonable  assurance regarding prevention or timely detection      of unauthorized acquisition, use or disposition of      our  assets  that  could  have  a  material  effect  on  our      financial statements. |
|-------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | An      inability to ensure there is timely analysis and review of accounting      records, spreadsheets, and supporting data;and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------|

| ·   | an      inability to effectively monitor access to, or maintain effective controls      over changes to, certain financial application programs and related      data. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | we      have authorized the addition of additional staff members to the finance      department to ensure that there are sufficient resources within the      department to prepare our financial statements and disclosures in      accordance with accounting principles generally accepted in the United      States of America; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | we      are in the process of analyzing our processes for all business units and      the establishment of formal policies and procedures with necessary      segregation of duties, which will establish mitigating controls to      compensate for the risk due to lack of segregation of      duties.  |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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