SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-KSB

(Mark one)

|X|    ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
       1934

For the fiscal year ended : December 31, 2006
                            -----------------

|_|    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

For the transition period from _________ to ___________

Commission file number 000-51430
                       ---------


                                 ALPHATRADE.COM
                                 --------------
                 (Name of small business issuer in its charter)


                     Nevada                                  98-0211652
                     ------                                  ----------
(State or other jurisdiction of incorporation or         (I.R.S. Employer
                  organization)                         Identification No.)
------------------------------------------------   -----------------------------

     Suite 1820 - 1111 West Georgia Street
              Vancouver, BC Canada                            V6E 4M3
              --------------------                            --------
    (Address of principal executive offices)                 (Zip Code)
------------------------------------------------   -----------------------------

Issuer's telephone Number: (604) 681-7503
                           --------------

Securities registered under Section 12(b) of the Exchange Act: NONE
                                                               ----

        Securities registered under Section 12(g) of the Exchange Act:

        Title of Each Class            Name of each exchange on which registered
        -------------------            -----------------------------------------
   Common Stock, $.001 par value            Over The Counter Bulletin Board

Indicate  by check  mark  whether  the  registrant:  (1) has filed  all  reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing  requirements for the past 90 days. Yes |X| No |_|


                                       1

<PAGE>

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated  by reference  in Part III of this Form 10-KSB or any  amendment to
this Form 10-K. |_|

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes |_| No |X|

The Issuer's revenue for its fiscal year ended December 31, 2006 is $4,392,096.

As of March 26, 2007,  the  aggregate  market value of the  registrant's  common
stock held by  non-affiliates  of the  registrant was  approximately  $2,741,971
based on  approximately  21,092,085  shares held by non affiliates at a price of
$0.13.

As of December  31, 2006,  there were  outstanding  36,750,025  shares of Common
Stock.



                                TABLE OF CONTENTS

                                                                            PAGE
                                     PART I

ITEM 1.    Description of Business.                                           3
ITEM 2.    Description of Property.                                          16
ITEM 3.    Legal Proceedings.                                                16
ITEM 4.    Submission of Matters to a Vote of Security Holders.              16

                                     PART II

ITEM 5.    Market for Common Equity and Related Stockholder Matters.         17
ITEM 6.    Management's Discussion and Analysis or Plan of Operations.       20
ITEM 7.    Financials Statements.                                            24
ITEM 8.    Changes In and Disagreements with Accountants on Accounting
           and Financial Disclosure.                                         24
ITEM 8A.   Controls and Procedures.                                          25


                                    PART III

ITEM 9.    Directors, Executive Officers, Promoters, Control Persons         25
           and Corporate Governance; Compliance With Section 16(a)
           of the Exchange Act.
ITEM 10.   Executive Compensation.                                           28
ITEM 11.   Security Ownership of Certain Beneficial Owners and               31
           Management Related Stockholder Matters.
ITEM 12.   Certain Relationships and Related Transactions,
           and Director Independence.                                        32
ITEM 13.   Exhibits.                                                         34
ITEM 14.   Principal Accounting Fees and Services.                           36

Signatures                                                                   37


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<PAGE>


ITEM 1.   DESCRIPTION OF BUSINESS

                Information Regarding Forward Looking Statements

AlphaTrade.com (the "Company" or "we" or "us" or "our") has made forward-looking
statements (within the meaning of the Private  Securities  Litigation Reform Act
of 1995) in this Annual Report on Form 10-KSB (the "Annual Report") that are not
historical facts are "forward-looking statements" which can be identified by the
use  of  terminology  such  as  "estimates,"  "projects,"  "plans,"  "believes,"
"expects,"  "anticipates," "intends," or the negative or other variations, or by
discussions of strategy that involve risks and uncertainties.  We urge you to be
cautious of the  forward-looking  statements,  that such  statements,  which are
contained  in this Annual  Report,  reflect our current  beliefs with respect to
future  events and involve  known and  unknown  risks,  uncertainties  and other
factors  affecting  our  operations,   market  growth,  services,  products  and
licenses.  No  assurances  can be given  regarding  the  achievement  of  future
results,  as actual  results may differ  materially  as a result of the risks we
face,  and  actual  events  may  differ  from  the  assumptions  underlying  the
statements that have been made regarding  anticipated  events.  Factors that may
cause actual results,  our performance or achievements,  or industry results, to
differ  materially from those  contemplated by such  forward-looking  statements
include without limitation:

   1.  Our  ability  to attract  and retain  management,  and to  integrate  and
       maintain technical information and management information systems;
   2.  Our ability to generate customer demand for our products;
   3.  The intensity of competition; and
   4.  General economic conditions.

Organizational History

AlphaTrade.com  was  originally  incorporated  in the State of Nevada on June 6,
1995 as  Sierra  Gold  Development  Corp.  Our name  was  changed  to Honor  One
Corporation  on October  29,  1998.  On January 6, 2001 the name was  changed to
AlphaTrade.com. In 2001 our common stock commenced trading on OTC Bulletin Board
(the "OTCBB") under the symbol  "EBNK".  On January 14, 2002, our symbol changed
to APTD after we effected a reverse split on a 1 for 50 basis.  Unless otherwise
indicated,  share  amounts set forth  herein have been  adjusted to reflect past
stock splits.

Our  headquarters  are  located  at  Suite  1820 -  1111  West  Georgia  Street,
Vancouver, B.C. Canada.

Overview

From  inception  AlphaTrade  has  transformed  and grown with the  digital  age.
Initially,  AlphaTrade  was solely a provider of  financial  stock  market based
data,  and now has  grown  into a  multi-faceted  digital  media  marketing  and
promotion agency through our creative use of sports and financial data services.

We provide a broad array of financial  products and services  including in depth
market information from all North American exchanges,  the London stock exchange
and many of the  exchanges  in the Middle East.  We seek to grow our  subscriber


                                       3

<PAGE>

base by  expanding  to  other  geographic  markets  to  meet  the  needs  of our
increasing  subscriber  base, to diversify the subscriber  revenue stream and to
mitigate our exposure to regional economic downturns.

During the twelve months ended  December 31, 2006, we expanded our core products
to include  advertising  aimed at satisfying  the needs of small,  mid-sized and
large businesses with a desire to target specific demographics. This advertising
service is unique in that it is  entwined  within  the  financial  products  and
presented to the viewer for long periods during each business day.


Business Strategy

We commenced  operations  January  1999.  Between 1999 and 2002 we developed and
implemented  a proprietary  stock quote  service,  E-Gate.  From 2002 forward we
continued  to enhance  E-Gate by adding more  options and  additional  financial
products. In 2005 we added Jupiter,  which is a wireless E-Gate service designed
to access E-Gate via your wireless device.  In 2006, we launched our advertising
program,  which allowed us to engage in the media business,  and helped us lower
the  cost  of  providing  financial  products.   This  initiative  enhanced  our
management team, expanded our revenue  opportunities and further diversified our
business.  Due to the  reception  for our  advertising  service  with  small and
mid-size  companies,  we  desired  to expand  our  demographics  outside  of the
financial  arena.  We chose the sports  industry since it closely  resembles our
demographics,  and our goal was to "go where our customers are" making it easier
for them to learn about our company and its services. By associating our company
with senior brands and well-established  sports properties,  we believe that our
advertising  program  could be  expanded  rapidly  thereby  ensuring a solid and
diversified revenue stream for future years.

Recent Developments

We have recently completed the following transactions:

Associate Sponsorship Agreement with Kenny Bernstein Racing, Inc.

On November 29, 2006, we entered into an Associate  Sponsorship  Agreement  (the
"KBR Agreement") with Kenny Bernstein Racing, Inc., a Texas corporation ("KBR").
Under the terms of the KBR Agreement, we agreed to provide financial sponsorship
(the "Sponsorship Fee") for the Funny Car race vehicle (the "Race Car") owned by
KBR and a race team  affiliated  with KBR for the National  Hot Rod  Association
national  events entered into by the race team in the years 2007, 2008 and 2009,
with the term of the KBR  Agreement  commencing on the date of the KBR Agreement
and  continuing  through  December  31,  2009  (the  "Term").  The  Race  Car is
designated  as the "Monster  Energy/Lucas  Oil Funny Car," owned and operated by
KBR and driven by Kenny Bernstein. Furthermore, pursuant to the terms of the KBR
Agreement,  KBR granted us an associate  sponsorship and promotional  rights for
Mr.  Bernstein as the driver of the Race Car,  Race Team,  Race Cars and Support
Vehicles (as defined in the KBR Agreement).

Sponsorship Agreement with Professional Bull Riders, Inc.

On  December  27,  2006,  we  entered  into a  Sponsorship  Agreement  (the "PBR
Agreement") with Professional Bull Riders, Inc., a Colorado corporation ("PBR").


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<PAGE>

Under the terms of the PBR Agreement, we agreed to provide financial sponsorship
(the  "Sponsorship  Fee") for the Built Ford Tough Series ("BFTS")  professional
bull riding events (the "BFTS Events") and associated annual championship event,
with the term of the PBR  Agreement  commencing on the date of the PBR Agreement
and  terminating  upon the  conclusion  of the 2007 World  Finals (the  "Term").
Pursuant  to the terms of the PBR  Agreement,  PBR  granted us  sponsorship  and
promotional  rights for the  advertising  and  marketing  of our company and our
products and services in direct  association  with PBR, our  sponsorship of PBR,
the BFTS,  and the BFTS Events.  The PBR  agreement was amended in March 2007 to
extend the term of the Agreement for the 2008 - 2010 calendar years.

Agreement with Sterling Mets, L.P.

On January 12, 2007, we entered into a Letter  Agreement (the "Mets  Agreement")
with Sterling Mets, L.P.  ("Sterling"),  owner and operator of the New York Mets
National  League  Baseball  team  (the  "Mets").  Under  the  terms  of the Mets
Agreement,  Sterling and the Mets granted to us certain  Mets'  advertising  and
sponsorship  rights for each of the 2007 and 2008 Major League Baseball  seasons
in consideration  of us providing to Sterling  certain  monetary  consideration,
with the term of the Mets Agreement commencing on the date of the Mets Agreement
and  terminating  upon the conclusion of the 2008 Major League  Baseball  season
(the  "Term").  Specifically,  pursuant  to the  terms  of the  Mets  Agreement,
Sterling granted to us the right to advertise our online  investment  management
services (the "Services") during Mets home games in the specifically  designated
Shea Stadium locations and our associated sponsorship of the Mets.

Agreement with American Drag Racing League

On March 1, 2007, we entered into a three-year agreement (the
ADRL Agreement") with American Drag Racing League  ("ADRL").  The  multi-faceted
ADRL Agreement will give AlphaTrade the title-rights sponsorship for a number of
prominent ADRL programs. Pursuant to the terms of the ADRL Agreement, AlphaTrade
agreed to become the title sponsor for the  season-long  points  program and the
year-end  championship  eliminators - now called the  AlphaTrade  Battle for the
Belts, the traditional  season-ending event in Texas - now called the AlphaTrade
ADRL World Finals and the newly established  AlphaTrade All-Stars program.  This
new program has been designed  exclusively for this partnership and will involve
engaging the fans through a variety of text  message  promotions.  The fans will
text to  determine  the  first  AlphaTrade  ADRL  All-Star  teams in each of the
organization's professional categories.

Agreement with Tampa Bay Devil Rays.

On March 7, 2007, we entered into a Letter  Agreement (the "DR Agreement")  with
the Tampa Bay Devil Rays, a professional baseball team ("Devil Rays"). Under the
terms of the DR  Agreement,  Devil Rays have  granted to us certain  Devil Rays'
advertising  and  sponsorship  rights for each of the 2007,  2008 and 2009 Major
League Baseball  seasons in  consideration of us providing to Devil Rays certain
monetary consideration, with the term of the DR Agreement commencing on the date
of the Agreement and  terminating  upon the  conclusion of the 2009 Major League
Baseball  season  (the  "Term").  Specifically,  pursuant to the terms of the DR
Agreement, Devil Rays granted to us the right to advertise our online investment
management  services  (the  "Services")  during  Devil  Rays  home  games in the
specifically   designated   Tropicana   Stadium  locations  and  our  associated
sponsorship of the Devil Rays.

                                       5

<PAGE>

Our Core Competencies

We  have  focused  on  building  a  company  with  a  diverse  base  of  revenue
opportunities.  In addition to our financial  data  services,  we also provide a
broad array of advertising and marketing products. In the digital era, all sizes
of companies are competing for brand opportunities.  With our  multi-dimensional
advertising,  the  consumer  may see the  advertisement  when he logs  into  our
financial product, when he attends a sporting event or when he participates in a
text  message  promotion.  Our  intent  with the  cross  over  into  our  sports
properties is that we want to put the enjoyment  back into the financial  market
thereby potentially increasing the number of customers we would attract.

We attribute our business growth to the following core competencies:

   -   Entrepreneurial  focus. We pride ourselves on our alacrity when presented
       with strategic  business  opportunities.  By bringing an  entrepreneurial
       focus to the traditional  financial  industry,  we believe we are able to
       structure new and unique opportunities for our growth. We further believe
       that  our  range  of  experience  within  these  different  industries  -
       sporting,  financial and  advertising  - allows us to execute  specialize
       programs typically not offered by any other organization. By offering our
       customers  flexibility  and  responsiveness  and by offering  them a full
       range of brand opportunities,  we believe we are well positioned to serve
       our markets and grow our business.

   -   Our unique culture.  We have instilled a culture of partnerships,  and we
       create a shared sense of commitment throughout our organization.

   -   Employee and Customer Diversity.  Since our inception, we have focused on
       building a diverse  group of  employees,  which we believe  enables us to
       establish and maintain excellent customer relations. Approximately 40% of
       our associates and employees are minorities with ethnic  backgrounds that
       include Asian, Persian,  Hispanic, and Pakistani.  Our CEO is a woman and
       the board of  directors  is 75% female.  Our culture of  diversity is the
       essence of our  character;  we  experience  it in our customers and it is
       embraced by our board of directors,  executive officers and employees.  -
       Stringent Credit  Policies.  We consider credit  administration  to be of
       primary importance. We emphasize advance payment for all of our services.
       Our disciplined approach to credit administration is evidenced by what we
       believe to be our extremely low to non-existent bad debt.

Our Markets

We believe  that we currently  operate in  industries  that  provide  attractive
market  opportunities and diverse economic growth  possibilities.  While general
subscriber  growth  for our  stock  quote  product  is  predictable,  management
predicts this growth to be slower than for our advertising products. The diverse
needs of our advertising  customers  provide us with the greatest  opportunities
for  revenue  growth.  Our  business  model  focuses  on  utilizing  our  sports
partnerships  as a  catalyst  for  expansion  in all  areas of the  company  but
especially advertising.

Advertising  growth.  Our  advertising  program is  designed  to be a unique and
innovative  approach for promoting our client's brand.  Our sports  partnerships


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<PAGE>

drive new traffic to our website  which  creates a more  successful  advertising
campaign.  Our advertising is designed in an "a la carte"  fashion,  wherein the
client can custom tailor an advertising  campaign based on their  objectives and
their budget. We anticipate that the revenue from our advertising program, which
encompasses  our text events,  will be the fastest revenue sector of our company
for 2007 and beyond.

Sports  partnerships  and lead  generation.  Our  management  believes  that our
alliances with our sports  partnerships have put our company in the forefront of
the sports  industry.  We believe  that these  sports teams are some of the most
prominent  sports  properties in the world and their combined fan base offers us
an unbelievable opportunity to prospect for new business.  Additionally, we will
benefit from our association with them due to their reputable management,  their
vast media exposure,  and their dedicated and  professional  staff members.  The
support and dedication of our sports  properties are the driving force for us to
gain traction in our quest to gain market share, to increase our web traffic and
in producing what we hope to be phenomenal results for our advertising  clients.
We hope that  over  time,  these  results  will  continue  to build  significant
benefits  to our  advertising  clients by gaining  the  exposure  they need at a
fraction of the cost of more mainstream advertising venues.

Text events and  promotions.  Text messaging  appears to be the perfect venue to
engage fans and sports  enthusiasts.  Our sports  partnerships  provide  what we
believe  to be a superb  venue to derive  additional  revenue  streams  via text
promotions  both in stadium and via web  promotions.  With the  growing  base of
sports  partnerships  and greater  recognition of our corporate  brand, our text
programs  are  rapidly  expanding  into  one  of  our  fastest  growing  revenue
opportunities.

Employees

We currently retain, through contracts with corporations,  the services of three
executive  officers  on a full time  basis.  In  addition,  through  a  Canadian
management company, we employ sixteen  employees/contractors.  Our employees are
not members of any union,  nor have we entered  into any  collective  bargaining
agreements. We believe that our relationship with our employees is excellent. We
are anticipating  hiring  additional  employees/contractors  in the next year to
handle anticipated growth.



                                  Risk Factors

You  should  carefully  consider  the  risks  described  below  as well as other
information  provided  to you in this  document,  including  information  in the
section  of  this  document  entitled  "Information  Regarding  Forward  Looking
Statements." The risks and  uncertainties  described below are not the only ones
facing the Company.  Additional risks and  uncertainties  not presently known to
our  company or that we  currently  believe are  immaterial  may also impair our
business operations. If any of the following risks actually occur, our business,
financial  condition  or results of  operations  could be  materially  adversely
affected,  the value of our common stock could decline,  and you may lose all or
part of your investment.



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<PAGE>

Risks related to Our financial results
--------------------------------------

We have a limited  operating  history and our limited operating history makes it
difficult to evaluate our business and prospects.

We have a limited  operating  history and our limited operating history makes it
difficult to evaluate our business and  prospects.  We commenced  operations  in
January 2001 and have conducted limited business  operations since that time. As
a result of our short operating history, we have only limited financial data and
business  information  with which to  evaluate  our  business  strategies,  past
performance  and an investment in our common stock.  As a company with a limited
operating  history,  there are substantial  risks,  uncertainties,  expenses and
difficulties  that we are subject to. You should  consider an  investment in our
company in light of these risks,  uncertainties,  expenses and difficulties.  To
address these risks and uncertainties, we must do the following:

       o   Successfully execute our business strategy;

       o   Continue to develop our products and services;

       o   Respond to competitive developments; and

       o   Attract, integrate, retain and motivate qualified personnel.

We may be unable to  accomplish  one or more of these  objectives,  which  could
cause our business to suffer.  In addition,  accomplishing  one or more of these
objectives might be very expensive, which could harm our financial results.

We have incurred  significant losses since inception and anticipate that we will
continue to incur losses for the foreseeable future.

As  of  December  31,  2006,  we  have  incurred  an  accumulated  net  loss  of
approximately  $31  million.  We also have plans to  significantly  increase our
corporate  expenses  and  marketing  costs due to our sports  partnerships.  Our
management  believes  that while our business and products  will be appealing to
our current and future customers, and our revenues have continued to increase in
the  past  three  fiscal  years,  there  is no  assurance,  we  will  be able to
successfully  continue to increase  our  revenues or that our  products  will be
accepted by the market. Furthermore, in light of our significant losses, we will
need to generate significant revenues to achieve and sustain  profitability.  If
we  do  achieve  profitability,   we  may  be  unable  to  sustain  or  increase
profitability  on a quarterly or annual basis.  Any of these factors could cause
our stock price to decline.

Management  believes that long-term  profitability and growth will depend on its
ability to:

       o   Develop the  reputation of  AlphaTrade as a successful  marketing and
           advertising company;

       o   Successfully identify and exploit appropriate opportunities,  markets
           and products;



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<PAGE>

       o   Develop viable strategic alliances; and

       o   Maintain sufficient volume of inflow of advertising clients.

We will need to raise substantial additional capital to fund our operations, and
our  failure to obtain  funding  when  needed  may force us to delay,  reduce or
eliminate our products and services.

Our operations have consumed a substantial  amount of cash since  inception.  We
expect to continue to spend substantial amounts to:

       o   develop the  reputation of  AlphaTrade as a successful  marketing and
           advertising company;

       o   maintain and increase the company's  human  resource  including  full
           time and consultant resources;

       o   evaluate appropriate opportunities, markets and products; and

       o   evaluate future products and areas for long term development.

To date,  our  sources  of cash have been  primarily  limited to the sale of our
securities  and loans from  related  parties and outside  sources.  We cannot be
certain that  additional  funding will be available on acceptable  terms,  if at
all. To the extent that we raise additional  funds by issuing equity  securities
or debt convertible debt securities, our stockholders may experience significant
dilution.  Any debt financing,  if available,  may involve restrictive covenants
that  impact  our  ability to conduct  its  business.  If we are unable to raise
additional  capital,  when  required,  or on  acceptable  terms,  we may have to
significantly delay, scale back or discontinue our products and services.

Risks Related to Our Business
-----------------------------

There are many competitors in the data feed industry.  We expect  competition to
continue and intensify in the future. We also face competition from discount and
full service brokerage firms that provide similar proprietary  services to their
own customer bases.

The market may not continue to accept our products  and our E-Gate  product.  We
generate a large portion of our revenue from subscribers who pay monthly for the
E-Gate  service.  We do expect  that  E-Gate  will  continue  to  account  for a
substantial  portion of our  revenue  for  fiscal  2007.  Our  future  financial
performance will depend on increasing  acceptance of our current products and on
the successful development, introduction and customer acceptance of new products
and services.

As our  subscriber  base  increases,  the amount of revenue from  advertising is
expected  to  increase  and the amount we can charge for  advertising  increases
because the specific  demographics of our  subscribers is highly  attractive for
many  companies.  If we are unable to continue to generate  sufficient  revenues
from our new products,  our business may be adversely  affected and the price of
our stock may decline.



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<PAGE>

Outside factors may influence our growth and business development.

Outside factors may influence our growth and business development.  We expect to
experience significant fluctuations in our future results of operations due to a
variety of factors, many of which are outside of our control, including, but not
limited to the following:

         *     demand for and market acceptance of our products and services;

         *     our efforts to expand into different industries;

         *     introduction of new products and services by us or
               our competitors;

         *     competitive factors that affect our pricing;

         *     the mix of products and services we sell;

         *     the timing and magnitude of our capital expenditures, including
               costs relating to the expansion of our operations;

         *     hiring and retention of key personnel;

         *     changes in generally accepted accounting policies, especially
               those related to the recognition of subscription revenue; and

         *     new government legislation or regulation.

Any of the above factors could have a negative effect on our business and on the
price  of our  stock,  and we may have to  significantly  delay,  scale  back or
discontinue our products and services.

Loss of key  executives  and key  personnel  and  failure to  attract  qualified
managers and employees could limit our growth and negatively impact our business
operations

If we lose our key  executives  and key  personnel or fail to attract  qualified
mangers and employees, we may be unable to successfully operate our business. We
depend  on the  continued  contributions  of our  executive  officers  and other
technical and marketing  personnel to work effectively as a team, to execute our
business strategy and to manage our business. The loss of key personnel or their
failure  to  work  effectively  could  have a  material  adverse  effect  on our
business, financial condition and results of operations. We are not aware of any
named executive officer or director who has plans to leave us or retire.

If we are  unable to attract  and retain  additional  qualified  personnel,  our
future business may suffer.

Our business  strategy  requires us to attract and retain  additional  qualified
technical and marketing  personnel.  We may experience  difficulty in recruiting
qualified  personnel,  which is an  intensely  competitive  and  time  consuming
process.  We may not be able to attract and retain the  necessary  personnel  to
accomplish  our  business   objectives  as  our  business  develops  and  grows.
Accordingly,  we may  experience  constraints  that will  adversely  affect  our


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<PAGE>

ability to satisfy future  customer demand in a timely fashion or to support our
customers and  operations.  This could cause an adverse  effect on our business,
financial condition and results of operations.

We will  need to  increase  the  size of our  organization,  and may  experience
difficulties in managing  growth.  We are a small company with a small number of
employees  as of  December  31,  2006.  We  expect  to  experience  a period  of
significant expansion in headcount, facilities,  infrastructure and overhead and
anticipate that further  expansion will be required to address  potential growth
and  market   opportunities.   Future  growth  will  impose   significant  added
responsibilities  on  members of  management,  including  the need to  identify,
recruit, maintain and integrate additional independent contractors and managers.
Our future  financial  performance and its ability to compete  effectively  will
depend, in part, on our ability to manage any future growth effectively.

If we are unable to protect our  intellectual  property  effectively,  we may be
unable to prevent third parties from using our technologies  and methods,  which
would impair our competitive advantage.

We do not believe that our operations or products  infringe on the  intellectual
property rights of others.  However,  there can be no assurance that others will
not assert  infringement or trade secret claims against our company with respect
to our  current  or  future  technologies  or that any such  assertion  will not
require us to enter into a license  agreement  or royalty  arrangement  with the
party  asserting  the claim.  Responding  to and  defending  any such claims may
distract  the  attention  of our  management  and have an adverse  effect on our
business, financial condition and results of operations.

Others may claim in the future that we have  infringed  their  past,  current or
future  technologies.  We expect that  participants in our markets  increasingly
will be subject to infringement  claims as the number of competitors  grows. Any
claim like this, whether meritorious or not, could be time-consuming, and result
in costly  litigation and possibly  result in agreements  covering  intellectual
property  secrets and  technologies.  These agreements might not be available on
acceptable  terms or at all.  As a result,  any claim  like this  could harm our
business.

We regard the protection of our copyrights, service marks, trademarks, and trade
secrets  as  critical  to our  success.  We rely  on a  combination  of  patent,
copyright,  trademark,  service  mark and  trade  secret  laws  and  contractual
restrictions  to protect its proprietary  rights in products and services.  When
applicable,   we  will  enter  into  confidentiality  and  invention  assignment
agreements with employees and  contractors,  and  nondisclosure  agreements with
parties we conduct  business with in order to limit access to and  disclosure of
our proprietary information.  These contractual arrangements and the other steps
taken to protect our intellectual  property may not prevent  misappropriation of
our  technology  or  deter  independent   third-party   development  of  similar
technologies.  We intend to pursue the  registration  of trademarks  and service
marks  in the U.S.  and  internationally.  Effective  trademark,  service  mark,
copyright and trade secret  protection  may not be available in every country in
which its services  are made  available.  In addition,  the laws of many foreign
countries  do not  protect our  intellectual  property to the same extent as the
laws of the United  States.  Also,  it may be possible  for  unauthorized  third
parties to copy or reverse  engineer  aspects of our products,  develop  similar


                                       11

<PAGE>

technology  independently or otherwise obtain and use information that we regard
as proprietary.  Furthermore,  policing the  unauthorized use of our products is
difficult.

We principally rely upon contractual restrictions to protect our technology.

We principally rely upon contractual restrictions to protect our technology. Our
contracts may not provide significant  commercial protection or advantage to us,
and the measures we take to maintain the  confidentiality  of our trade  secrets
may be ineffective.  If we are unable to effectively protect our technology, our
competitors  may be able to copy  important  aspects of our  products or product
message,  which could undermine the relative appeal of our products to customers
and thus could reduce our future sales.

Litigation may be necessary in the future to enforce our  intellectual  property
rights,  to  protect  our trade  secrets or patents  that we may  obtain,  or to
determine  the  validity  and scope of the  proprietary  rights of others.  Such
litigation  could result in  substantial  costs and  diversion of resources  and
could have a material adverse effect on our future operating results.

We substantially rely on third party providers.

Our  future  success  for our  financial  products  depend  upon our  ability to
aggregate and deliver  compelling  financial content over the Internet.  We rely
heavily on third party  content  providers,  namely  Reuters  Information  Ltd.,
Acquire  Media  Corporation  and  Hemscott,  Inc.  Currently  we have a one year
contract  with Reuters which calls for monthly  payments of $35,650,  a one year
contract  with Acquire  Media  Corporation  which calls for monthly  payments of
$4,500,  and a yearly  contract  with  Hemscott,  Inc.,  which calls for monthly
payments of $5,000.  All of the  aforementioned  contracts provide for automatic
renewal unless both parties negotiate otherwise or unless the provider is unable
to deliver the feed. Although there are many competitors to these feed suppliers
and if necessary a new contract could be negotiated,  a temporary  disruption in
these feed suppliers could have a negative effect on our business.  We also have
contracts with various stock exchanges and market quotation  services  including
the Pink  Sheets,  the New York  and  Toronto  exchanges  and the  London  Stock
Exchange.  We supply this exchange data to our customers on a reimbursed  basis.
The loss of our data feeds from these  exchanges and market  quotation  services
would seriously damage our customer relations and likely result in a loss of our
customers.

We are subject to compliance  with securities law, which exposes us to potential
liabilities, including potential rescission rights.

We have periodically  offered and sold our common stock to investors pursuant to
certain  exemptions from the registration  requirements of the Securities Act of
1933, as well as those of various state  securities  laws. The basis for relying
on such  exemptions is factual;  that is, the  applicability  of such exemptions
depends  upon  our  conduct  and that of those  persons  contacting  prospective
investors and making the offering.  In most of these sales, we have not received
a legal opinion to the effect that these offerings were exempt from registration
under any federal or state law. Instead, we have relied upon the operative facts
as the basis for such exemptions,  including  information  provided by investors
themselves.


                                       12

<PAGE>

If any prior offering did not qualify for such exemption, an investor would have
the right to rescind its  purchase  of the  securities  if it so desired.  It is
possible  that if an  investor  should  seek  rescission,  such  investor  would
succeed.  A similar situation prevails under state law in those states where the
securities  may be offered  without  registration  in  reliance  on the  partial
preemption  from the  registration  or  qualification  provisions  of such state
statutes  under the National  Securities  Markets  Improvement  Act of 1996.  If
investors were successful in seeking rescission,  we would face severe financial
demands that could adversely  affect our business and operations.  Additionally,
if we did not in fact qualify for the  exemptions  upon which it has relied,  we
may become  subject to  significant  fines and penalties  imposed by the SEC and
state securities agencies.

Our independent  auditors have expressed a going concern  qualification in their
report dated February 1, 2007.

Our independent  auditors have expressed a going concern  regarding our company.
Our  ability to  continue as a going  concern is  dependant  upon our ability to
achieve a profitable  level of  operations.  We will need,  among other  things,
additional  capital  resources.  Management's  plans include  concentrating  its
efforts  on  increasing  our  subscriber  base and  increasing  our  advertising
revenues.  We are also exploring the possibility of acquiring companies that are
synergistic with our existing business.  However,  management cannot provide any
assurances that we will be successful in accomplishing any of its plans.

The  availability  of a large number of  authorized  but unissued  shares of our
common  stock  may,   upon  their   issuance,   lead  to  dilution  of  existing
stockholders.

We are authorized to issue 100,000,000 shares of our common stock and 10,000,000
shares of preferred stock, of which as of December 31, 2006,  36,750,025  shares
of common  stock and  4,000,000  shares  of  preferred  stock  were  issued  and
outstanding. In addition, we also have also issued warrants and stock options of
which  39,822,997  are  outstanding  as of December 31, 2006, and 28,440,500 are
exercisable  at a  weighted  average  exercise  price of $0.42  to  purchase  an
equivalent amount of shares of common stock. Assuming exercise of these warrants
and stock options,  we will be left with more than 23,000,000  authorized shares
that  remain  unissued.  These  shares  may be issued by our Board of  Directors
without further stockholder  approval.  The issuance of large numbers of shares,
possibly at below market prices, is likely to result in substantial  dilution to
the interests of other stockholders.  In addition, issuances of large numbers of
shares may adversely affect the market price of our common stock.

Risks related to our common stock and its market value:
-------------------------------------------------------

There is a limited  market for our common stock which may make it more difficult
for you to dispose of your  stock.  Our common  stock has been quoted on the OTC
Bulletin  Board  under the symbol  "APTD"  since  January 15,  2002.  There is a
limited  trading volume for our common stock.  For example,  approximately  more
than  one-half  of the trading  days  during  January of 2007 saw trading in our
stock of less than 50,000 shares per day. During that same period,  the smallest
number of shares trade in one day was 0 and the largest  number of shares traded
in one  day  was  111,111.  Accordingly,  there  can be no  assurance  as to the


                                       13

<PAGE>

liquidity of any markets that may develop for our common  stock,  the ability of
holders of our common  stock to sell our  common  stock,  or the prices at which
holders may be able to sell our common stock.

The price of our common stock is extremely  volatile  and  investors  may not be
able to sell their shares at or above their purchase price, or at all.

Our stock is presently  traded on the OTC Bulletin  Board,  although there is no
assurance that a viable market will  continue.  The price of our common stock in
the public market is highly volatile and may fluctuate substantially because of:

         *     actual or anticipated fluctuations in our operating results;
         *     changes in or failure to meet market expectations;
         *     conditions and trends in the financial data and content provider
               industry; and
         *     fluctuations  in  stock  market  price  and  volume,   which  are
               particularly  common among  securities of  technology  companies,
               particularly new start-up companies.

In  addition,  the  securities  markets  have  from  time  to  time  experienced
significant  price and volume  fluctuations  that are unrelated to the operating
performance  of  particular  companies.   These  market  fluctuations  may  also
materially and adversely affect the market price of the Company's common stock.

Our  common  stock is  subject  to the  "penny  stock"  rules of the SEC and the
trading market in our  securities is limited,  which makes  transactions  in our
stock cumbersome and may reduce the value of an investment in our stock.

The Securities and Exchange  Commission has adopted Rule 15g-9 which establishes
the  definition  of a "penny  stock,"  for the  purposes  relevant to us, as any
equity  security that has a market price of less than $5.00 per share or with an
exercise price of less than $5.00 per share, subject to certain exceptions.  For
any transaction involving a penny stock, unless exempt, the rules require:

       o   that a broker or dealer approve a person's  account for  transactions
           in penny stocks; and

       o   the broker or dealer receive from the investor a written agreement to
           the transaction, setting forth the identity and quantity of the penny
           stock to be purchased.

In order to approve a person's  account for  transactions  in penny stocks,  the
broker or dealer must:

       o   obtain financial  information and investment experience objectives of
           the person; and

       o   make a reasonable determination that the transactions in penny stocks
           are suitable for that person and the person has sufficient  knowledge
           and  experience in financial  matters to be capable of evaluating the
           risks of transactions in penny stocks.

The broker or dealer  must also  deliver,  prior to any  transaction  in a penny
stock, a disclosure  schedule  prepared by the Commission  relating to the penny
stock market, which, in highlight form:

                                       14

<PAGE>

       o   sets  forth  the  basis  on  which  the  broker  or  dealer  made the
           suitability determination; and

       o   that the broker or dealer received a signed,  written  agreement from
           the investor prior to the transaction.

Generally,  brokers may be less willing to execute  transactions  in  securities
subject  to the  "penny  stock"  rules.  This  may  make it more  difficult  for
investors to dispose of our common stock and cause a decline in the market value
of our stock.

Disclosure  also has to be made about the risks of  investing in penny stocks in
both public offerings and in secondary trading and about the commissions payable
to both the broker-dealer and the registered representative,  current quotations
for the securities and the rights and remedies available to an investor in cases
of fraud in penny stock  transactions.  Finally,  monthly  statements have to be
sent disclosing recent price information for the penny stock held in the account
and information on the limited market in penny stocks.

We do not expect to pay dividends in the future. Any return on investment may be
limited to the value of our stock. We do not anticipate paying cash dividends on
our stock in the foreseeable  future. The payment of dividends on our stock will
depend on our  earnings,  financial  condition  and other  business and economic
factors  affecting  our  company  at such  time as the  board of  directors  may
consider  relevant.  If we do not pay dividends,  our stock may be less valuable
because  a  return  on your  investment  will  only  occur  if our  stock  price
appreciates.

A sale of a substantial number of shares of our common stock may cause the price
of its common stock to decline.  If our stockholders sell substantial amounts of
our common stock in the public market, including shares issued upon the exercise
of outstanding  options or warrants,  the market price of our common stock could
fall. These sales also may make it more difficult for the Company to sell equity
or equity-related  securities in the future at a time and price that the Company
deems reasonable or appropriate. Stockholders who have been issued shares in the
Acquisition  will be able to sell their  shares  pursuant  to Rule 144 under the
Securities Act of 1933, beginning one year after the stockholders acquired their
shares.

The exercise of our outstanding warrants and options may depress our stock price

We currently  have  39,822,997  warrants  and options to purchase  shares of our
common  stock  outstanding  as of December  31, 2006,  of which  28,440,500  are
exercisable at a weighted  average exercise price of $0.42 as of equal date. The
exercise of warrants and/or options by a substantial  number of holders within a
relatively  short period of time could have the effect of depressing  the market
price of our common stock and could impair our ability to raise capital  through
the sale of additional equity securities.

We may need  additional  capital  that could  dilute the  ownership  interest of
investors.

We  require  substantial  working  capital  to fund  our  business.  If we raise
additional funds through the issuance of equity,  equity-related  or convertible


                                       15

<PAGE>
debt  securities,  these  securities may have rights,  preferences or privileges
senior  to those of the  rights  of  holders  of our  common  stock and they may
experience  additional dilution.  We cannot predict whether additional financing
will be available to us on favorable  terms when required,  or at all. Since our
inception,  we have experienced negative cash flow from operations and expect to
experience  significant  negative cash flow from  operations in the future.  The
issuance of additional  common stock by our  management,  may have the effect of
further diluting the  proportionate  equity interest and voting power of holders
of our common stock, including investors in this offering.

ITEM 2.   DESCRIPTION OF PROPERTY

Our  executive  offices  are located at Suite 1820 - 1111 West  Georgia  Street,
Vancouver,   B.C.,  Canada,  in  a  4,500  square  foot  facility.   We  have  a
month-to-month sub-lease at a current monthly rent of $12,500. The lease expires
in May 2007. We have also secured a larger space at a discounted  rate from June
2007  to May  2011.  We  house  our  equipment  in a  high-speed  infrastructure
co-location  in  British  Columbia  to ensure  our  support  coverage  is manned
24/7/365. We do not own any real estate.

ITEM 3.   LEGAL PROCEEDINGS

We are a defendant in a litigation  case pending in the Supreme Court of British
Columbia,  Canada.  This  action was filed on  December  23, 2003 and is between
Zacks Investment Services Inc. as Plaintiff and AlphaTrade.com as Defendant. The
case number is  S036907.  The  Plaintiff  alleges it is owed the sum of $279,664
pursuant to a licensing Agreement executed by the Plaintiff and the Defendant in
1999. We are vehemently defending our self against this claim. At the request of
the  Plaintiff,  we have submitted a settlement  proposal,  for the Plaintiff to
accept the $14,758.58  currently held by the Court as payment in full,  which is
currently outstanding.

During the year ending  December 31, 2002, a company filed an action  against us
in the Supreme Court of British Columbia,  Canada claiming  unspecified damages.
We filed a  Statement  of  Defense in  August,  2002.  There has been no further
developments in this action. We plan to vigorously defend ourselves.

From  time  to  time  we may be a  defendant  and  plaintiff  in  various  legal
proceedings arising in the normal course of our business. We are currently not a
party to any material pending legal proceedings or government actions, including
any bankruptcy,  receivership,  or similar proceedings . In addition, management
is not aware of any known  litigation or liabilities  involving the operators of
our properties that could affect our operations. Should any liabilities incurred
in the future,  they will be accrued based on management's  best estimate of the
potential  loss.  As  such,  there  is no  adverse  effect  on our  consolidated
financial   position,   results  of  operations  or  cash  flow  at  this  time.
Furthermore,  our management  does not believe that there are any proceedings to
which any of our directors,  officers, or affiliates, any owner of record of the
beneficially  or more than five percent of our common stock, or any associate of
any such director,  officer, affiliate, or security holder is a party adverse to
our company or has a material interest adverse to us.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There were no matters  submitted to a vote of security holders during the fiscal
year ended December 31, 2006.

                                       16

<PAGE>







                                     PART II

ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS.

Market Information

Currently,  our common  stock is traded on the OTCBB and quoted under the symbol
"APTD".  The high and low bid  prices for the Common  Stock as  reported  by our
content provider,  Reuters  Information Ltd. are listed below. The prices in the
table  reflect  inter-dealer  prices,  without  retail  mark-up,   mark-down  or
commission and may not represent actual transactions.

2006 Fiscal Year - Quarterly Information
                                                     High              Low

First                                                0.40              0.27
Second                                               0.30              0.19
Third                                                0.22              0.16
Fourth                                               0.28              0.15

2005 Fiscal Year - Quarterly Information
                                                     High              Low

First                                                0.39              0.21
Second                                               0.48              0.25
Third                                                0.48              0.21
Fourth                                               0.46              0.31

The shares of common stock quoted are subject to the provisions of Section 15(g)
and Rule 15g-9 of the Securities  Exchange Act of 1934, as amended (the Exchange
Act"),  commonly referred to as the "penny stock" rule. Section 15(g) sets forth
certain  requirements  for  transactions  in penny stocks and Rule  15(g)9(d)(1)
incorporates  the  definition  of penny stock as that used in Rule 3a51-1 of the
Exchange Act.

The Commission  generally defines penny stock to be any equity security that has
a market price less than $5.00 per share,  subject to certain  exceptions.  Rule
3a51-1  provides  that any equity  security  is  considered  to be a penny stock
unless that security is: registered and traded on a national securities exchange
meeting  specified  criteria set by the Commission;  authorized for quotation on
The NASDAQ Stock Market;  issued by a registered  investment  company;  excluded
from the  definition  on the basis of price (at  least  $5.00 per  share) or the
registrant's  net  tangible  assets;  or  exempted  from the  definition  by the
Commission.  Trading  in the  shares is subject  to  additional  sales  practice
requirements  on  broker-dealers  who sell penny  stocks to  persons  other than
established customers and accredited investors, generally persons with assets in
excess of $1,000,000 or annual income exceeding  $200,000,  or $300,000 together
with their spouse.


                                       17

<PAGE>

For  transactions  covered by these  rules,  broker-dealers  must make a special
suitability  determination  for the  purchase of such  securities  and must have
received  the  purchaser's  written  consent  to the  transaction  prior  to the
purchase.  Additionally,  for any  transaction  involving a penny stock,  unless
exempt,  the rules require the delivery,  prior to the first  transaction,  of a
risk  disclosure  document  relating to the penny stock market.  A broker-dealer
also must disclose the  commissions  payable to both the  broker-dealer  and the
registered representative,  and current quotations for the securities.  Finally,
the monthly  statements must be sent disclosing recent price information for the
penny stocks held in the account and  information on the limited market in penny
stocks. Consequently,  these rules may restrict the ability of broker dealers to
trade and/or maintain a market in the company's  common stock and may affect the
ability of stockholders to sell their shares.


Holders

As of  December  31,  2006  there were 235  stockholder  of record of our common
stock.  This does not include an  indeterminate  number of shareholders  who may
hold their shares in "street name".

Dividends

We have never  declared any cash  dividends  and do not  anticipate  paying such
dividends in the near  future.  We  anticipate  future  earnings,  if any, to be
retained for use in our business. Any future determination to pay cash dividends
will be at the  discretion of the Board of Directors and will be dependent  upon
our results of operations,  financial conditions,  contractual restrictions, and
other  factors  deemed  relevant  by the  Board of  Directors.  We are  under no
contractual  restrictions  in  declaring  or paying  dividends  to our common or
preferred shareholders.

Sales of Unregistered Securities

The future sale of presently outstanding  "unregistered" and "restricted" common
stock by present  members of our  management and persons who own more than 5% of
our  outstanding  voting  securities  may have an adverse  effect on the trading
market for our shares.

The following unregistered securities have been issued since January 1, 2006 and
have not been previously disclosed in our Form 10-QSB's unless otherwise noted:

Fiscal year ended December 31, 2006

                                              Valued
Date              No. of Shares     Title        At          Reason

October 2/2006       500,000     Common         $0.17        Services
October 18/2006       25,000     Common         $0.20        Services
November 6/2006      375,000     Common         $0.24        Services
November 14/2006      16,580     Common         $0.22        Services
November 28/2006      16,580     Common         $0.20        Services
December 11/2006   1,037,500     Common         $0.20        Cash
December 11/2006     680,000     Common         $0.20        Cash


                                       18

<PAGE>

Fiscal year ended December 31, 2005 and 2004

Information  regarding our sales of our  unregistered  securities for the Fiscal
years  ended  December  31,  2006,  2005 and 2004,  other then what is set forth
above, has been previously furnished in our Quarterly Reports on Form 10-QSB and
our Current Reports on Form 8-K.

All of the above  offerings and sales were deemed to be exempt under rule 506 of
Regulation D and/or Section 4(2) of the  Securities Act of 1933, as amended.  No
advertising or general solicitation was employed in offering the securities. The
offerings and sales were made to a limited  number of persons,  all of whom were
accredited  investors,  business associates of our company or executive officers
of our  company,  and  transfer  was  restricted  by us in  accordance  with the
requirements  of the Securities Act of 1933. In addition to  representations  by
the above-referenced  persons, we have made independent  determinations that all
of the above-referenced  persons were accredited or sophisticated investors, and
that they were  capable of analyzing  the merits and risks of their  investment,
and  that  they   understood  the  speculative   nature  of  their   investment.
Furthermore,  all of the  above-referenced  persons were provided with access to
our Securities and Exchange Commission filings.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

None.

Equity Compensation Plan Information

Our board of directors adopted Stock Incentive Plans  (collectively the "Plans")
in 2002,  2003,  2004 and 2005 calendar years pursuant to which we have reserved
an aggregate  of  15,350,000  shares of our common  stock for issuance  upon the
exercise  of our stock  options or the grants of our  restricted  shares,  which
adoption  is  subject  to  stockholder  approval  at our next  scheduled  annual
meeting.  We are planning to seek  stockholder  approval in order to satisfy the
requirements  for  performance-based  compensation  under Section  162(m) of the
Internal Revenue Code of 1986, as amended, the requirements under Section 422 of
the Code with respect to incentive  stock options to the extent such options are
granted under the 2006 Incentive  Award Plan. The following may be granted under
the Plan:  shares of restricted  common stock;  options to acquire shares of our
common stock  intended to qualify as incentive  stock  options,  or ISOs,  under
Section 422(b) of the Internal Revenue Code; or  non-qualified  stock options to
acquire shares of our common stock, or NSOs.

The Plans provide that the exercise price for ISOs and NSOs is not less than the
fair  market  value per  share of our  common  stock at the date of  grant.  The
Company  cannot  reprice  outstanding  options  granted under the 2006 Incentive
Award Plan without the consent of its  stockholders.  The option  exercise price
must be paid in full at the  time  the  notice  of  exercise  of the  option  is
delivered to us and must be tendered in cash, or by personal or certified check.
The Plan's  Administrator has the discretion to permit a participant to exercise
by delivering a combination  of shares and cash.  Each option  expires within 10
years of the date of grant.  However, if ISOs are granted to persons owning more
than 10% of our voting  stock,  the exercise  price may not be less than 110% of
the fair market  value per share at the date of grant,  and the term of the ISOs
may not exceed five years.  As of the six month period  ending June 30, 2006, no
securities were granted under this plan.

                                       19

<PAGE>

Other than the Plans, we maintain no other equity  compensation plan pursuant to
which we may grant equity awards to eligible persons.

The following table  summarizes our equity  compensation  plan information as of
December 31, 2006.

                                                               Number of Shares
                                                             Remaining Available
                                                             for Future Issuance
                     Number of Shares to                         Under Equity
                       Be Issued upon      Weighted-Average   Compensation Plans
                         Exercise of      Exercise Price of   (Excluding Shares
                         Outstanding     Outstanding Options,    Reflected in
                      Options, Warrants  Warrants and Rights      Column (a))
Plan Category(1)         and Rights)            (b)                  (c)
-------------------- ------------------- -------------------  ----------------

Equity Compensation
  plans approved by
  stockholders              N/A                  N/A                N/A
Equity Compensation
  plans not approved
  by stockholders        28,440,500             $0.42             11,382,497
      Total              28,440,500             $.042             11,382,497

ITEM 6.   MANAGEMENT'S  DISCUSSION AND ANALYSIS OF OPERATIONS

Some  of  the  information  contained  in  this  Annual  Report  forward-looking
statements (within the meaning of the Private  Securities  Litigation Reform Act
of 1995) Some of the  statements  contained in this Annual Report on Form 10-KSB
(the  "Annual  Report")  that  are not  historical  facts  are  "forward-looking
statements"  which  can  be  identified  by  the  use  of  terminology  such  as
"estimates,"   "projects,"   "plans,"  "believes,"   "expects,"   "anticipates,"
"intends," or the negative or other  variations,  or by  discussions of strategy
that  involve  risks  and  uncertainties.  We  urge  you to be  cautious  of the
forward-looking  statements,  that such statements,  which are contained in this
Annual  Report,  reflect our current  beliefs with respect to future  events and
involve known and unknown risks,  uncertainties  and other factors affecting our
operations, market growth, services, products and licenses. No assurances can be
given regarding the achievement of future results,  as actual results may differ
materially  as a result of the risks we face,  and actual events may differ from
the  assumptions  underlying  the  statements  that  have  been  made  regarding
anticipated  events.  Factors that may cause actual results,  our performance or
achievements,  or industry results, to differ materially from those contemplated
by such forward-looking statements include without limitation:

1. Our ability to attract and retain management, and to integrate and maintain
   technical information and management information systems;
2. Our ability to generate customer demand for our products;
3. The intensity of competition;  and
4. General economic conditions.





                                       20

<PAGE>

Overview

We provide a broad array of financial  products and services  including in depth
market information from all North American exchanges,  the London stock exchange
and many of the  exchanges  in the Middle East.  We seek to grow our  subscriber
base by  expanding  to  other  geographic  markets  to  meet  the  needs  of our
increasing  subscriber  base, to diversify the subscriber  revenue stream and to
mitigate our exposure to regional economic downturns.

During the twelve months ended  December 31, 2006, we expanded our core products
to include  advertising  aimed at satisfying  the needs of small,  mid-sized and
large businesses with a desire to target specific demographics. This advertising
service is unique in that it is  entwined  within  the  financial  products  and
presented to the viewer for long periods during each business day.

Result of Operations for the twelve months ended December 31, 2006 and 2005

During the fiscal year ended  December 31, 2006, we saw revenue  increase  every
quarter.  Total revenues for fiscal 2006 were $4,395,996 which is a 45% increase
over  fiscal  2005 sales of  $3,019,881.  The  increase  in revenue is  directly
attributable to the increase in our advertising  revenue. We focused on building
our  advertising  business to provide a more  diversified  revenue model for our
future growth.  Subscription revenues increased to $2,817,955 from $2,553,623 in
2005.  That is only a 10% increase due in part because we focused our  marketing
efforts on building our  advertising  business.  We  contracted  with our sports
properties  because their  demographics are ideal for our subscription  products
and for our  advertising.  We felt  this  association  would be a  catalyst  for
potential  growth in both revenue  categories as well as introduce  revenue from
text message  promotions.  Our advertising  revenue grew at a fast pace in 2006.
Advertising  revenues  increased from $444,300 in 2005 to $1,500,556 in 2006, an
increase  of 237%.  Due to the  success  of our  advertising  campaigns  and the
increased  visibility that our website is getting,  our advertising programs are
becoming  more  marketable  to the mid-size and larger  companies  with expanded
marketing  budgets.  Our  advertising  clients  come from our  direct  marketing
efforts.  We  recognized  $76,491 in E-Trax  revenue  compared to $19,205 in the
prior year

Our  cost of  sales  is  primarily  the cost to  purchase  and  disseminate  the
financial content we provide our customers. For the calendar year ended December
31, 2006 the cost was $1,750,533  compared to $1,304,020 in 2005. The percentage
of cost of sales to  subscription  revenues  was 62% in 2006  compared to 51% in
2005 due mainly to price increases from the major financial  content  providers.
Most of our  financial  content  costs  are  fixed,  meaning  that  the data and
exchange providers charge a flat monthly fee. As our subscription volume goes up
our  cost of sales  does not go up  proportionately.  Accordingly,  as  revenues
increase in 2007 we expect the cost of sales percentage to decline.  We also had
$5,486 in other cost of sales in 2006 compared to $7,314 in 2005.

We have  contracted  with two companies for the services of two of the Company's
officers and  directors.  These  companies are not owned by the officers but the
compensation earned by them is to the future benefit of the officers.  Under the
terms of the  contracts  entered into in 2005 the  companies  are to continue to
receive a base salary of $240,000 each per year.  The contracts also provide for
annual  bonuses  equal to the  annual  salary and for stock  options  based upon


                                       21

<PAGE>

performance  levels.  The  companies  were each awarded a bonus of $34,000 based
upon our growth in revenues.

The total compensation  expense to these entities was $480,000 in 2006 and 2005.
No bonus was awarded in 2005. Similarly,  the related party cash compensation is
expected to be $480,000 in 2007.  The  companies  were also  awarded  bonuses of
1,000,000  preferred  shares each.  The preferred  shares are  convertible  into
common shares on a 10 for 1 basis.  We  recognized  an additional  $3,080,011 in
expense for the fair value of these preferred shares.

We incurred  $1,956,125  in  professional  fees in 2006  compared to $366,130 in
2005.  $1,140,842  of this  expense  was paid in  shares  of our  common  stock.
Professional  fees  include  fees paid to  accountants,  attorneys  and investor
relation  firms.  We  had  limited  cash  available  to  pay  our   professional
consultants  in 2006, so we paid many of them with shares of common  stock.  The
shares were valued at market value for accounting purposes but discounted by the
consultants  for their  services.  We hope to be able pay for more services with
cash in 2007 so that we can reduce the expense effect of this discounting.

We recorded  research and  development  expense of $411,595 for 2006 compared to
$276,626 in 2005, an increase of 48%. This expense reflects the cost of creating
our digital media promotions,  website enhancements, and development staff. This
is what keeps us at the cutting edge of technology and ensures that our clients,
both  advertising  and our  monthly  subscribers  have the  latest  in  Internet
products at their disposal.  The costs for research and development are expected
to decline in 2007.

We expended  $902,167 for marketing in 2006 compared to $688,629 in 2005.  Since
most of our direct  marketing  efforts in 2006 were via the Internet or from our
sales people,  this cost was relatively low.  $400,000 of this increase for 2006
is due to our  sports  partnerships.  We  expect  our  marketing  costs  to rise
substantially for 2007 due to the following:  we have contracted with additional
sports  associations,  we are aggressively hiring additional sales people and we
have three  different  products to market - advertising,  text messaging and our
subscription based financial  product.  Since, our cash resources will determine
how much we can spend on  marketing,  our  associations  with the  sports  teams
provide  us with a  built-in  audience  with  which  to  capitalize  on  revenue
opportunities to further our marketing efforts.

Our general and  administrative  expenses  increased  by 18% in 2006 to $503,409
from $424,533. The increase was primarily due to increased travel related to the
generation of brand awareness for our products. We expect a similar increase for
2007 as we activate our sponsorships with our sports organizations.

We  incurred a net loss of  $4,736,540  for the year  ended  December  31,  2006
compared to $527,371 for the year ended December 31, 2005.  Included in the loss
for 2006 and 2005 was  $4,603,954  and  $526,200,  respectively  as the value of
options and shares issued for services.  Excluding these non-cash expenses,  the
losses for 2006 and 2005 would have been $132,586 and $1,171, respectively.  Due
to our improved cash position we hope to minimize the practice of issuing shares
of stock for  services  which  will serve to also  decrease  our  related  party
expense.




                                       22

<PAGE>

Liquidity and Capital Resources.

AlphaTrade has  consistently  been financed from raising capital through private
equity offerings.  We were provided $46,048 of cash in 2005 compared to $334,400
of cash used in  operating  activities  in 2006.  For the  twelve  months  ended
December 31, 2005 we received  net cash of $48,500  compared to $338,500 for the
same period of 2006, from the issuance of our common stock. We invested  $26,499
and $3,935 in asset purchases in 2005 and 2006, respectively.

We expect  that our 2007 cash  inflows  from  operations  may not be adequate to
cover cash out-flows from operations because of our financial commitments to our
sports  partnerships.  We  expect  that we  will  need  to  raise  approximately
$1,000,000 from either increased  advertising  revenues,  a private placement of
our common stock or a loan to meet these commitments.

We are  continually  investigating  acquisition  targets  and our  stock  may be
required as part of the consideration for any acquisition.

We currently have no material commitments for capital  requirements.  We believe
that our capital inflows and our equipment  infrastructure is adequate to handle
the expected growth in 2007.

We are not aware of any material trend, event or capital commitment, which would
potentially adversely affect liquidity.  In the event a material trend develops,
we believe we will have  sufficient  funds  available to satisfy working capital
needs through debt or from funds received from equity sales.

Recent Accounting Pronouncements

SFAS 157. In September  2006, the Financial  Accounting  Standards  Board issued
Statement of Financial  Accounting  Standards No. 157, "Fair Value Measurements"
which defines fair value,  establishes  a framework for measuring  fair value in
generally accepted  accounting  principles (GAAP), and expands disclosures about
fair value measurements.  Where applicable, SFAS No. 157 simplifies and codifies
related   guidance  within  GAAP  and  does  not  require  any  new  fair  value
measurements.  SFAS No. 157 is effective  for  financial  statements  issued for
fiscal years beginning after November 15, 2007, and interim periods within those
fiscal years.  Earlier  adoption is encouraged.  The Company does not expect the
adoption of SFAS No. 157 to have a significant  effect on its financial position
or results of operation.

FASB  Interpretation  No. 48. In June 2006, the Financial  Accounting  Standards
Board issued FASB  Interpretation  No. 48, "Accounting for Uncertainty in Income
Taxes - an  interpretation  of FASB  Statement  No.  109",  which  prescribes  a
recognition  threshold and  measurement  attribute  for the financial  statement
recognition and measurement of a tax position taken or expected to be taken in a
tax return.  FIN 48 also provides  guidance on  de-recognition,  classification,
interest  and  penalties,   accounting  in  interim   periods,   disclosure  and
transition.  FIN 48 is effective for fiscal years  beginning  after December 15,
2006.  The  Company  does not expect the  adoption  of FIN 48 to have a material
impact on its financial  reporting,  and the Company is currently evaluating the
impact, if any, the adoption of FIN 48 will have on its disclosure requirements.




                                       23

<PAGE>

SFAS 156.  In March  2006,  the  Financial  Accounting  Standards  Board  issued
Statement of Financial  Accounting  Standards No. 156, "Accounting for Servicing
of Financial  Assets--an  amendment of FASB  Statement No. 140." This  statement
requires an entity to recognize a servicing  asset or servicing  liability  each
time it undertakes an obligation to service a financial asset by entering into a
servicing  contract  in any of  the  following  situations:  a  transfer  of the
servicer's  financial assets that meets the requirements for sale accounting;  a
transfer of the  servicer's  financial  assets to a  qualifying  special-purpose
entity in a guaranteed  mortgage  securitization in which the transferor retains
all of the resulting securities and classifies them as either available-for-sale
securities  or  trading  securities;  or  an  acquisition  or  assumption  of an
obligation to service a financial asset that does not relate to financial assets
of the servicer or its consolidated affiliates.  The statement also requires all
separately recognized servicing assets and servicing liabilities to be initially
measured at fair value, if  practicable,  and permits an entity to choose either
the  amortization or fair value method for subsequent  measurement of each class
of servicing  assets and  liabilities.  The statement  further  permits,  at its
initial adoption,  a one-time  reclassification of available for sale securities
to trading  securities by entities with  recognized  servicing  rights,  without
calling into question the treatment of other available for sale securities under
Statement 115, provided that the available for sale securities are identified in
some  manner as  offsetting  the  entity's  exposure to changes in fair value of
servicing assets or servicing liabilities that a servicer elects to subsequently
measure at fair value and requires separate presentation of servicing assets and
servicing  liabilities  subsequently  measured at fair value in the statement of
financial  position and additional  disclosures  for all  separately  recognized
servicing  assets and  servicing  liabilities.  This  statement is effective for
fiscal years beginning  after September 15, 2006, with early adoption  permitted
as of the beginning of an entity's fiscal year. Management believes the adoption
of this  statement  will have no  immediate  impact on the  Company's  financial
condition or results of operations.

ITEM 7.   FINANCIAL STATEMENTS

Financial  statements as of and for the fiscal years ended December 31, 2006 and
2005 been examined to the extent indicated in their report by Chisholm, Bierwolf
& Nilson, LLC, independent certified public accountants,  and have been prepared
in accordance  with  Generally  Accepted  Accounting  Principles and pursuant to
Regulation  S-B  as  promulgated  by  the  SEC.  The  aforementioned   financial
statements are included herein under Item 14 starting with page F-1.


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

On  November  22,  2005,  our  Board of  Directors  approved  and  ratified  the
termination  of HJ &  Associates,  LLC  as  its  auditors  and,  simultaneously,
approved and ratified the engagement of Williams and Webster PS as our auditors.
On July 19, 2006,  our Board of Directors  accepted the  resignation of Williams
and Webster PS as our auditors  and,  simultaneously,  approved and ratified the
engagement of Chisholm, Bierwolf & Nilson, LLC as our auditors.

The audit report  submitted by HJ & Associates  for the year ended  December 31,
2004 included a  modification  as to our ability to continue as a going concern.


                                       24

<PAGE>

Such  modification was based upon our status as a development stage company with
no  significant  operating  history.  The submitted  audit reports  contained no
adverse opinion, disclaimer of opinion or other modifications or qualifications.
HJ & Associates did not, during the applicable periods,  advise us of any of the
enumerated  items  described in Item  304(a)(1) of  Regulation  S-K.  During the
relevant periods in which HJ & Associates served as our auditors,  there were no
disagreements  between  HJ &  Associates  and  our  company  on  any  matter  of
accounting principles or practices,  financial statement disclosure, or auditing
scope or procedure, which disagreements,  if not resolved to the satisfaction of
HJ & Associates, would have caused HJ & Associates to make reference thereto in,
or in connection with, its reports on financial statements for the years or such
interim period.

ITEM 8A.  CONTROLS AND PROCEDURES.

As of  the  end of  the  period  covered  by  this  report,  we  carried  out an
evaluation,  under the  supervision  and with the  participation  of management,
including our Chief Executive Officer and a person who performs the functions of
the  Principal  Financial  Officer,  of  the  effectiveness  of the  design  and
operation  of our  disclosure  controls  and  procedures  as  defined  in  Rules
13a-15(e) and 15d-15(e) of the Securities  Exchange Act of 1934. Based upon that
evaluation,   our  chief  executive  officer  and  principal  financial  officer
concluded that our disclosure controls and procedures are effective to cause the
material  information required to be disclosed by us in the reports that we file
or submit  under the  Exchange Act to be  recorded,  processed,  summarized  and
reported within the time periods specified in the SEC's rules and forms.

There have been no  significant  changes in our  internal  controls  or in other
factors which could  significantly  affect internal  controls  subsequent to the
date we carried out our evaluation.

                                    PART III

ITEM 9. DIRECTORS,  EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS AND CORPORATE
GOVERNANCE; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.

The following table sets forth information regarding our directors and executive
officers as of December 31, 2006:

       Name         Age                    Position               Director Since
------------------- --- ----------------------------------------- --------------

Penny Perfect*      53     Founder, Chairman, Chief Executive      October 1999
                           Officer, President and Director
Gordon Muir         53     Founder, Chief Technology Officer and   October 1999
                           Director
Katharine Johnston* 53     Vice-President - Business Operations,   January 2005
                           Director
Lisa McVeigh*       43     Director                                January 2000

*  Member of the audit committee

The term of office  of each  director  of the  Company  ends at the next  annual
meeting of the  Company's  stockholders  or when such  director's  successor  is


                                       25

<PAGE>

elected  and  qualifies.  No date for the  annual  meeting  of  stockholders  is
specified in the Company's bylaws or has been fixed by the Board of Directors.

The following  information sets forth the backgrounds and business experience of
the directors, executive officers and key employees:

PENNY PERFECT:  Penny Perfect is the Chief  Executive  Officer,  President and a
Director  of  AlphaTrade.com.  Ms.  Perfect  is  also  one  of the  founders  of
AlphaTrade.  Ms.  Perfect's  leadership and passion have become hallmarks of the
company. During the past 20 years, Ms. Perfect has headed several companies with
full  management  responsibility  which  includes  delivering  on the  company's
mission of enabling people and growing the businesses. Ms. Perfect first role in
business was a successful run as an independent stock broker.  As a broker,  Ms.
Perfect  was  involved  in  many  aspects  of  investment   products   including
structuring and raising capital.  Before joining AlphaTrade,  Ms. Perfect served
as President of Worldwide Investment Network (WIN), a membership-based community
of  investment  executives.  As  President,  Ms.  Perfect  was  responsible  for
providing  investment  banking  and  administration   services  to  early  stage
development companies. Ms. Perfect is a graduate of the University of Alberta.

GORDON MUIR has served as a Director of  AlphaTrade  since  October 21, 1999. He
became Chief Executive Officer in February, 2000 and resigned from that position
and was appointed Chief Technology  Officer in January,  2004. Mr. Muir has been
an independent  investor and business  consultant since 1990. He was the founder
of Navmaster  Technologies,  a company  credited with  developing  the first GPS
charting  systems for the Marine  Industry that relied on optical imaging rather
than computers.  He has over 16 years experience in senior level management in a
variety of business mainly in the automotive and industrial industries.

KATHARINE  JOHNSTON  was  appointed  as a  Director  in  January,  2005.  As the
principal  financial  officer and  VP-Business  Operations  of  AlphaTrade  Mrs.
Johnston oversees all AlphaTrade financial transactions and department heads, as
well as interagency  relationships  with accountants and lawyers.  Mrs. Johnston
has been with AlphaTrade since its inception in 1999 and was appointed  managing
director in January 2005 and VP-Business Operations in February,  2007. Prior to
AlphaTrade,  Mrs. Johnston was a self-employed administrator and legal assistant
for over  fifteen  years.  Knowledgeable  in  British  Columbia  securities  and
regulatory  issues,  Mrs.  Johnston  sat on many  financial  boards and has vast
experience  in the  administration  and  management  of public  companies.  Mrs.
Johnston attended the University of British Columbia.

LISA McVEIGH has served as a Director  since January 21, 2000.  Ms.  McVeigh has
held the position of  Financial  Officer  with  British  Columbia  Film for over
fourteen years and serves on the audit committee for AlphaTrade.com.

Family Relationships

Penny  Perfect,  our  CEO,  President,  Chairman  and a member  of our  board of
directors,  and Gordon Muir, our CTO and a member of our board of directors, are
married to each other and both are founding members of Alphatrade.com. There are
no other family relationships between any other Directors or executive Officers.
With the exception of the foregoing,  none of the other  directors and executive
officers are related by blood, marriage or adoption.



                                       26

<PAGE>

Board Committees

At this  time,  other  then an audit  committee,  the board  has no  committees,
including  nominating or  compensation  committee,  but we intend to create such
committees following the annual meeting and election of directors.

Audit Committee

The members of the audit  committee are Penny  Perfect,  Katharine  Johnston and
Lisa McVeigh.

Code of Ethics

We adopted a Code of Ethics (the "Code of Ethics")  applicable  to our principal
executive,  financial  and  accounting  officer and persons  performing  similar
functions.  In addition, the Code of Ethics applies to our employees,  officers,
directors, agents and representatives.  The Company's Code of Ethics is intended
to  comply  with the  rules  and  regulations  of the  Securities  and  Exchange
Commission  and the  rules of the  NASDAQ  Stock  Market.  The Code of Ethics is
available,  at no cost,  from the  Company  upon  written  request to  Katharine
Johnston,  VP Business  Development of AlphaTrade.Com,  and a copy is annexed as
Exhibit 14 to the  Company's  Annual Report filed on Form 10-KSB with the SEC on
March 31, 2006.

Compliance with Section 16 of the Exchange Act.

Section 16(a) of the Exchange Act requires our  directors,  officers and persons
who own more than 10% of a  registered  class of our equity  securities  to file
reports of ownership and changes in ownership  with the  Securities and Exchange
Commission.  Directors,  officers and greater than 10% shareholders are required
by SEC  regulations  to furnish us with copies of all  Section  16(a) forms they
file.  Based solely upon our review of the copies of such forms that we received
during the fiscal year ended  December 31, 2006, we believe that each person who
at any time during the fiscal year was a director,  officer or beneficial  owner
of more than 10% of our common  stock  complied  with all Section  16(a)  filing
requirements during such fiscal year.

Director Compensation

The following table sets forth with respect to the named director,  compensation
information  inclusive  of equity  awards and  payments  made in the fiscal year
ended December 31, 2006.

<TABLE>
<CAPTION>
                        Fees                                Change in
                       Earned                             Pension Value
                         or                  Non-Equity        and
                        Paid                 Incentive    Nonqualified
                         in   Stock  Option    Plan         Deferred       All Other
                        Cash  Awards Awards Compensation  Compensation   Compensation   Total
Name                    ($)    ($)    ($)       ($)         Earnings         ($)         ($)
(a)                     (b)    (c)    (d)       (e)            (f)         (g) (5)       (h)
--------------------- ------- ------ -----  ------------  -------------  ------------  --------
<S>                   <C>     <C>    <C>    <C>           <C>            <C>           <C>
Penny Perfect (1)       --     --     --            --            --            --        --
Gordon Muir (2)         --     --     --            --            --            --        --
Katharine Johnston (3)  --     --     --            --            --            --        --
Lisa McVeigh (4)        --     --     --            --            --            --        --
</TABLE>

                                       27
<PAGE>

       (1) Ms. Perfect appointed as a director of the Company effective as of
           October 21, 1999.
       (2) Mr. Muir appointed as a director of the Company effective as of
           October 21, 1999.
       (3) Ms. Johnston appointed as a director of the Company effective as of
           January 31, 2005.
       (4) Ms. McVeigh appointed as a director of the Company effective as of
           January 21, 2000.
       (5) With the exception of reimbursement of expenses incurred by our named
           executive officers during the scope of their employment, none of the
           named executive received any other compensation, perquisites,
           personal benefits in excess of $10,000.
       (6) See Executive Compensation table below for the total amount of
           compensation received by Ms. Perfect and Mr. Muir in their capacities
           as our executive officers.

Directors  that are  non-officers  of the Company do not receive a cash retainer
annually nor do they receive any remuneration for attendance at a board meeting,
other than reimbursement for travel expenses.

ITEM 10.  EXECUTIVE COMPENSATION

The following table provides certain summary information concerning compensation
awarded  to,  earned by or paid to our Chief  Executive  Officer and other named
executive  officers and  directors of our Company  whose total annual salary and
bonus exceeded  $100,000  (collectively,  the "named  officers") for fiscal year
ended December 31, 2006.

                           Summary Compensation Table
<TABLE>
<CAPTION>

                                                                                            Change in
                                                                              Non-Equity     Pension
                                                                              Incentive     Value and
                                                                                 Plan     Non-Qualified        All
                                                       Stock                   Compens-      Deferred         Other
                                   Salary    Bonus     Awards     Option        ation     Compensation    Compensation
Name & Principal Position   Year     ($)      ($)     ($) (4)    Awards ($)      ($)      Earnings ($)      ($) (1)      Total ($)
--------------------------  ----   -------   ------   ---------  ----------   ----------  --------------  ------------   ---------
<S>                         <C>    <C>       <C>      <C>         <C>         <C>         <C>             <C>            <C>
Penny Perfect               2006   240,000   34,000   1,540,005   149,972          -             -                       1,963,977
 CEO and President
 (3)
Gordon Muir
 Chief Technology Officer   2006   240,000   34,000   1,540,006   149,972          -             -                       1,963,977
 (3)
</TABLE>

* Market value of the underlying  securities based on the closing price,  $0.17,
of our common stock on December  29,  2006,  the last trading day of 2006 fiscal
year.

(1) With the  exception  of  reimbursement  of  expenses  incurred  by our named
executive  officers during the scope of their  employment and stated stock award
amounts,   none  of  the  named  executive  received  any  other   compensation,
perquisites, personal benefits in excess of $10,000.


                                       28

<PAGE>

(2) Ms. Perfect  received the following stock awards during the 2006 fiscal year
in consideration for her services as the CEO and President:  1,000,000 shares of
Class B preferred stock. The Company's board of directors  approved the award in
light  of  believing  that  the  grant  was a fair  estimate  of the  amount  of
compensation  that  should be granted to Ms.  Perfect  for her  services  to the
Company during 2006 fiscal year.
(3) Mr. Muir received the following  stock awards during the 2006 fiscal year in
consideration for his services as the CTO: 1,000,000 shares of Class B preferred
stock. The Company's board of directors approved the award in light of believing
that the grant was a fair estimate of the amount of compensation  that should be
granted to Mr. Muir for his services to the Company during 2006 fiscal year.

In addition,  we do not have either (i) a plan that  provides for the payment of
retirement  benefits,   or  benefits  that  will  be  paid  primarily  following
retirement,  including but not limited to  tax-qualified  defined benefit plans,
supplemental  executive  retirement plans,  tax-qualified  defined  contribution
plans  and  nonqualified  defined  contribution  plans,  nor (ii) any  contract,
agreement, plan or arrangement,  whether written or unwritten, that provides for
payment(s)  to  any  of  our  named  executive  officers  at,  following,  or in
connection with the resignation,  retirement or other  termination of any of our
named  executive  officers,  or in connection  with the change in control of our
company  or a change in any of our named  executive  officers'  responsibilities
following  a change in  control,  with  respect  to each of our named  executive
officers.

The following  table sets forth the  compensation  earned by the Company's Chief
Executive  Officer  during the fiscal  years ended  December  31, 2005 and 2004,
respectively,  and other executive officers whose annual  compensation  exceeded
$100,000 during these fiscal years.

                           SUMMARY COMPENSATION TABLE

                                                     Long-Term and Other
                 Annual Compensation                 Compensation
                 -------------------------------     --------------------------
                                                     Number of
Name and                                     Other   Securities    All Other
Principal         Fiscal                     Annual  Underlying    Compensation
Positions         Year   Salary(1)   Bonus   Comp    Options       (2)
---------------------------------------------------  ---------------------------

Penny Perfect     2005   $240,000             --     --     3,000,000 shares (3)
CEO & President   2004   $240,000   $220,000                1,000,000 shares


Gordon J. Muir    2005   $240,000             --     --     3,000,000 shares (3)
Chairman          2004   $240,000   $220,000                1,000,000 shares

1) Salaries and bonuses for 2004 were accrued and remain  partially  unpaid.  In
   2005 the Company paid  approximately  $210,000 in prior accrued  compensation
   and issued 1,000,000 shares of common stock for accrued bonuses of $295,000.
2) Shares issued to companies in which the  executive  officers  have a residual
   interest.
3) Shares issued in 2005 and 2004 were common shares.


                                       29

<PAGE>
                  OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END

The following table sets forth information with respect  concerning  unexercised
options; stock that has not vested; and equity incentive plan awards for each of
our  named  executive  officers  outstanding  as of the end of our to  grants of
options to purchase our common stock under our Stock Incentive Plan to the named
executive officers during the fiscal year ended December 31, 2006.

<TABLE>
<CAPTION>
                               Option Awards                                                           Stock Awards
------------------------------------------------------------------------------  ------------------------------------------------
                                                                                                         Equity        Equity
                                                                                                        Incentive     Incentive
                                                                                                          Plan      Plan Awards:
                                                                                             Market     Awards:      Market or
                                            Equity                                           Value       Number        Payout
                                          Incentive                                            of          of          Value
                                             Plan                                            Shares     Unearned         of
                                           Awards:                               Number        or       Shares,       Unearned
                                            Number                              of Shares    Units      Units or      Shares,
             Number of     Number of          of                                or Units       of        Other        Units or
             Securities    Securities     Securities                            of Stock     Stock       Rights        Other
             Underlying    Underlying     Underlying                              That        That        That         Rights
            Unexercised   Unexercised    Unexercised      Option                  Have        Have        Have       That Have
              Options       Options        Unearned      Exercise     Option       Not        Not         Not           Not
                ($)           ($)          Options         Price    Expiration    Vested     Vested      Vested        Vested
Name        Exercisable  Unexercisable       (#)            ($)        Date        ($)        ($)         (#)           ($)
------------------------------------------------------------------------------  ----------  ---------  ----------   -----------
<S>           <C>          <C>           <C>             <C>        <C>         <C>         <C>        <C>          <C>
Penny         14,500,000        750,000         --        $0.42          --        --          --         --            --
   Perfect
Gordon
   Muir       14,500,000        750,000         --        $0.42          --        --          --         --            --
</TABLE>

Employment Agreements

Effective  November  1, 2005 we  executed  Consulting  Agreements  with  Jupiter
Consultants, Inc. for the services of Penny Perfect and Micro-American, Inc. for
the services of Gordon Muir for a three year term ending  October 31, 2008.  The
contracts will automatically  renew unless terminated by giving notice by either
party.  The contracts  provide for the same  compensation to each of Ms. Perfect
and Mr. Muir as noted below.

         (a) Base Salary at a monthly  rate of at least US $20,000 to be renewed
annually to be paid in either cash or our common shares.

         (b) an annual bonus of two hundred  thousand  (200,000)  common  shares
issued by December  31st of each year of the  agreement  beginning  December 31,
2005 and this  amount may be  upwardly  amended at the  election of the Board of
Directors.  The bonus will increase to one million  (1,000,000)  shares annually
when AlphaTrade's gross annual revenue reaches $5,000,000.

         (c) In  addition,  when  AlphaTrade  reaches  gross  annual  revenue of
$10,000,000 AlphaTrade will grant an option to purchase two million five hundred
thousand (2,500,000) common shares of AlphaTrade's  restricted common stock with
an exercise price of $0.40 per share.

         (d) Cash Bonus.  For each full  fiscal year beginning  January 1, 2006,
the consultants  will be eligible to earn an annual cash bonus in such amount as
shall be determined by the Board of Directors  based on the  achievement  by the
Company of  performance  goals  established  by Management  for each such fiscal
year, which may include targets related to the earnings before interest,  taxes,
depreciation  and  amortization  ("EBITDA") of the Company;  provided,  that the
Annual Bonus shall be no less than the annual base compensation.

                                       30

<PAGE>

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The  following  table  sets  forth  certain  information  concerning  the  stock
ownership  as of  December  31,  2006,  of each  person  who is  known to be the
beneficial  owner  of  more  than  5% of our  common  stock;  held  directly  or
indirectly by each director;  or by each person who was our executive officer or
director  during the fiscal year ended  December 31, 2006,  and by our directors
and executive officers as a group.

                                           Shares
                                       Beneficially
Name of Beneficial Owner               Owned(1)                Percent (2)

Penny Perfect                          12,941,620 (3)(5)       37%
c/o AlphaTrade.com
Suite 1820 - 1111 W. Georgia St.
Vancouver, B.C.

Gordon Muir                            12,716,320 (4)          36%
c/o AlphaTrade.com
Suite 1820 - 1111 W. Georgia St.
Vancouver, B.C.

Katharine Johnston                       none
c/o AlphaTrade.com
Suite 1820 - 1111 W. Georgia St.
Vancouver, B.C.

Lisa McVeigh                             none
c/o AlphaTrade.com
Suite 1820 - 1111 W. Georgia St.
Vancouver, B.C.

All current directors and named        25,657,940              73%
officers as a group (3 in all)


(1) Ms. Perfect and Mr. Muir are spouses. Accordingly, each spouse's holdings
    may also be deemed to be beneficially owned by the other.
(2) Percentage ownership is based upon 36,750,025 shares of common stock
    outstanding on December 31, 2006 and is calculated separately for each
    person on the basis of the actual number of outstanding shares beneficially
    owned as of December 31, 2006 and assumes the conversion of preferred shares
    held by such person (but not by anyone else).
(3) Includes direct and indirect ownership of common shares and includes
    5,000,000 shares to be issued upon the conversion of A Series preferred
    shares.
(4) Includes direct and indirect ownership of common shares and includes
    5,000,000 shares to be issued upon the conversion of A Series preferred
    shares.
(5) Includes 10,000,000 shares to be issued upon the conversion of B Series
    preferred shares.




                                       31

<PAGE>

                            Equity Compensation Table

The following table  summarizes our equity  compensation  plan information as of
December 31, 2006.

                                                               Number of Shares
                                                             Remaining Available
                                                             for Future Issuance
                    Number of Shares to                         Under Equity
                       Be Issued upon     Weighted-Average   Compensation Plans
                         Exercise of     Exercise Price of   (Excluding Shares
                         Outstanding    Outstanding Options,    Reflected in
                     Options, Warrants  Warrants and Rights      Column (a))
Plan Category(1)         and Rights)           (b)                   (c)
--------------------  ----------------  -------------------  -------------------

Equity Compensation
  plans approved
  by stockholders           N/A                   N/A               N/A
Equity Compensation
  plans not approved
  by stockholders        28,440,500              $0.42           11,382,497
       Total             28,440,500              $0.42           11,382,497

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Certain  Relationships  And  Related  Transactions   Transactions  With  Related
Persons, Promoters And Certain Control Persons

During the year ended December 31, 2006, two companies  owned for the benefit of
the two officers of the Company  received cash of $480,000 which was recorded as
related party compensation.  A bonus of $34,000 was also awarded to each company
in 2006.

During the year ended December 31, 2005, two companies  owned for the benefit of
the two officers of the Company  received cash of $480,000 which was recorded as
related party compensation. No bonus was awarded for 2005.

In December 2006, the Company awarded a 1,000,000 preferred stock bonuses to two
of its executive  officers for services  rendered.  These shares are convertible
into common  stock and  accordingly  were valued at the fair value of the common
stock on the date of issuance of $3,080,011.

In July 2005, we granted 6,000,000 warrants to our executive officers,  of which
2,000,000 warrants vested upon grant, the balance will vest at the determination
of our board of directors. In July 2005, we also issued 3,800,000 options to our
executive  officers as part of our 2005 option  plan.  950,000 of these  options
vested upon grant,  the balance will vest at the  determination  of the board of
directors.

In January 2006, we issued 2,000,000  options to our executive  officers as part
of our 2006 option plan. 500,000 of these options vested upon grant, the balance
will be vested at 25% per year.



                                       32

<PAGE>

Related  party  payables at December  31,  2006  consisted  of the following:

                           Officer bonuses              $     78,000
                           Officer accrued wages             344,949
                           Canadian expenses                 291,346
                                                        ------------
                                                        $    714,295
                                                        ============

In 2006 and 2005, we were paid via shares of Komodo, Inc. valued at $240,000 and
$120,000,  respectively, for our advertising services. The shares are held as an
investment by the Company.

There have not been any other transactions or proposed  transactions  during the
fiscal years ended December 31, 2006,  2005 and 2004, to which we were or is are
to be a party, in which our officers, directors or nominees had or are to have a
direct or indirect material interest.

Review, Approval or Ratification of Transactions with Related Persons

We  believe  that the terms of all of the above  transactions  are  commercially
reasonable  and no less  favorable  to us than we could  have  obtained  from an
unaffiliated  third party on an arm's length basis. Our policy requires that all
related parties recuse  themselves from  negotiating and voting on behalf of our
company in connection with related party transactions.

Parents

Not applicable

Promoter and Certain Control Persons

Not applicable.

CORPORATE GOVERNANCE

Board Determination of Independence
-----------------------------------

Our board of directors has determined that Lisa McVeigh is "independent" as that
term is defined by the National  Association  of  Securities  Dealers  Automated
Quotations ("NASDAQ"). Under the NASDAQ definition, an independent director is a
person who (1) is not  currently  (or whose  immediate  family  members  are not
currently),  and has not been over the past  three  years  (or  whose  immediate
family  members  have not  been  over the past  three  years),  employed  by the
company; (2) has not (or whose immediate family members have not) been paid more
than  $60,000  during the current or past three  fiscal  years;  (3) has not (or
whose immediately  family has not) been a partner in or controlling  shareholder
or executive  officer of an  organization  which the company made, or from which
the  company  received,  payments  in excess of the greater of $200,000 or 5% of
that organizations  consolidated gross revenues, in any of the most recent three
fiscal years; (4) has not (or whose immediate family members have not), over the
past three years been employed as an executive  officer of a company in which an
executive  officer  of  AlphaTrade  has  served on that  company's  compensation


                                       33

<PAGE>

committee;  or (5) is not currently (or whose  immediate  family members are not
currently),  and has not been over the past  three  years  (or  whose  immediate
family  members  have  not  been  over  the  past  three  years)  a  partner  of
AlphaTrade's  outside auditor. A director who is, or at any time during the past
three years,  was employed by the Company or by any parent or  subsidiary of the
Company, shall not be considered independent.

Board of Directors Meetings and Attendance
------------------------------------------

The Board of Directors  has  responsibility  for  establishing  broad  corporate
policies  and  reviewing  our  overall   performance   rather  than   day-to-day
operations.  The primary  responsibility of our Board of Directors is to oversee
the  management of our company and, in doing so, serve the best interests of the
company and our  stockholders.  The Board of Directors  selects,  evaluates  and
provides for the  succession of executive  officers and,  subject to stockholder
election,   directors.   It  reviews  and  approves  corporate   objectives  and
strategies, and evaluates significant policies and proposed major commitments of
corporate resources.  Our Board of Directors also participates in decisions that
have a potential  major  economic  impact on our company.  Management  keeps the
directors informed of company activity through regular communication,  including
written reports and presentations at Board of Directors and committee meetings.

We have no formal policy regarding director  attendance at the annual meeting of
stockholders,  although all directors are expected to attend the annual  meeting
of  stockholders  if they are able to do so.  The  board  of  directors  held 12
meetings  in 2006 either in person or  telephonic.  During both all of the board
meetings,  all four  board  members  were  present,  either  by person or on the
telephone in the case of the telephonic meetings.

ITEM 13.  EXHIBITS

The following financial  statements for  AlphaTrade.com.  are filed as a part of
this report:

 For the Years Ended December 31, 2006 and 2005                         Page
 ----------------------------------------------                         ----

Report of Independent Registered  Certified Public Accounting Firm       F-2

Balance Sheets as of December 31, 2006 and December 31, 2005             F-3

Statements of Operations for the years ended December 31, 2006 and
       December 31, 2005                                                 F-4

Statement  of  Changes  in Stockholders'  Equity  (Deficit) for the
       years  ended  December  31,  2006 and December 31, 2005           F-5

Statements of Cash Flows for the years ended December 31, 2006  and
       December 31, 2005 F-6 Notes to Financial Statements               F-7

The following exhibits are included herein,  except for the exhibits marked with
a footnote,  which are incorporated  herein by reference and can be found in the
appropriate document referenced.


                                       34

<PAGE>

Exhibit
Number            Description
--------------------------------------------------------------------------------
3(i).1            Initial Articles of Incorporation of the Company dated June 6,
                  1995. (1)

3(i).2            Certificate of Amendment increasing the authorized  capital to
                  25,000,000  shares of common  stock,  Car  value  $0.001,  and
                  effected an 80 for one forward split of the outstanding pommon
                  stock (1)

3(i).3            Certificate of Amendment  changing the name of the company  to
                  "Honor   One   Corporation". (1)

3(i).4            Certificate   of  Amendment effecting a  three for one forward
                  split  of  the   outstanding  Common stock. (1)

3(i).5            Certificate  of  Amendment   pursuant  to  which  the  Company
                  increased the authorized capital of the Company to 100,000,000
                  shares of common stock;  10,000,000 shares of preferred stock,
                  par value  $0.001;  created a series  of  2,000,000  shares of
                  Class A Preferred  Stock; and changed its name from "Honor One
                  Corporation" to "AlphaTrade.com" (1)

3(ii)             By-laws of the Company. (1)

10.1*             AlphaTrade.com 2005 Stock Incentive Plan. (10)

10.2+             Consulting  Agreement  dated  November 1, 2005 entered into by
                  and between the Company and Jupiter Consultants, Inc. (3)

10.3+             Consulting  Agreement  dated  November  1,  2005  entered into
                  by and  between  the  Company  and Micro-American, Inc. (3)

14.1              Code of  Ethics and  Business Conduct for  officers, directors
                  and employees of AlphaTrade.com  (3)

21.1              List of subsidiaries of the Company. *

31                Certification  by Chief  Executive  Officer and  acting  Chief
                  Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a)
                  of the Exchange Act. *

32                Certification   by  Chief  Executive  Officer   acting   Chief
                  Financial Officer required by Rule 13a-14(b) or Rule 15d-14(b)
                  of the Exchange Act and Section 1350 of Chapter 63 of Title 18
                  of the United States Code. *

    +    Compensatory plan or arrangement.
    *    Filed herewith.
    (1)  Incorporated by reference to the Company's Form 10-SB/A filed with the
         SEC on November 23, 1999.
    (2)  Incorporated by reference to the Company's Registration Statement filed
         on Form S-8 with the SEC on June 22, 2005.
    (3)  To be filed by an Amendment.

                                       35

<PAGE>

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The  following  is a summary of the fees  billed to us by  Chisholm,  Bierwolf &
Nilson,  LLC for  professional  services  rendered  for the fiscal  years  ended
December 31, 2006 and December 31, 2005:

             Fee Category          Fiscal 2006 Fees   Fiscal 2005 Fees
      -------------------------    ----------------   ----------------
      Audit Fees                   $25,229.78          $25,066.00
      Audit-Related Fees                --                 --
      Tax Fees                          --
      All Other Fees                    --                 --
                                   ----------          ----------
      Total Fees                   $25,229.78          $25,066.00

Audit Fees.  Consists of fees billed for professional  services rendered for the
audit of our financial statements and review of the interim financial statements
included  in  quarterly  reports  and  services  that are  normally  provided by
Chisholm,  Bierwolf & Nilson,  LLC in connection  with  statutory and regulatory
filings or  engagements.  Chisholm,  Bierwolf  & Nilson,  LLC,  were  engaged in
November 2005 and accordingly no fees were incurred until 2006.

Policy  on  Audit  Committee  Pre-Approval  of  Audit  and Permissible Non-Audit
Services of Independent Auditors

The Audit  Committee's  policy  is to  pre-approve  all  audit  and  permissible
non-audit  services  provided by the  independent  auditors.  These services may
include  audit  services,   audit-related  services,  tax  services,  and  other
services.  Pre-approval  is  generally  provided  for up to one  year,  and  any
pre-approval  is detailed as to the  particular  service or category of services
and is generally  subject to a specific  budget.  The  independent  auditors and
management are required to periodically  report to the Audit Committee regarding
the extent of services  provided by the independent  auditors in accordance with
this  pre-approval  and the fees for the services  performed to date.  The Audit
Committee may also pre-approve particular services on a case-by-case basis.





















                                       36

<PAGE>




                                   SIGNATURES

In  accordance  with  Section 13 or 15(d) of the Exchange  Act,  the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                                 ALPHATRADE.COM


Dated:  April 5, 2007                            By: /s/ Penny Perfect
                                                     ---------------------
                                                     Penny Perfect
                                                     Chief Executive Officer,
                                                     President, Chairman and
                                                     Director

In  accordance  with the Exchange  Act, this report has been signed below by the
following  persons on behalf of the  registrant and in the capacities and on the
dates indicated.

Signature               Title                                     Date
----------------------  ----------------------------------------  --------------


/s/ Gordon Muir         Chief Technology Officer and Director     April 5, 2007
------------------
Gordon J. Muir

/s/ Penny Perfect       Chief Executive Officer, President,       April 5, 2007
------------------      Chairman, Director
Penny Perfect

/s/ Katharine Johnston  Vice President - Business Operations,     April 5, 2007
----------------------  Principal Financial Officer and Director
Katharine Johnston

/s/ Lisa McVeigh        Director                                  April 5, 2007
----------------------
Lisa McVeigh















                                       37

<PAGE>



                                 ALPHATRADE.COM
                          INDEX TO FINANCIAL STATEMENTS



 For the Years Ended December 31, 2006 and 2005                            Page
 ----------------------------------------------                            ----



Report of Independent Registered Public Accounting Firm                     F-2

Balance Sheets as of December 31, 2006 and December 31, 2005                F-3

Statements of Operations for the years ended December 31, 2006
        and December 31, 2005                                               F-5

Statement of Stockholders' Equity (Deficit) for the years ended
        December 31, 2006 and December 31, 2005                             F-6

Statements of Cash Flows for the years ended December 31, 2006
        and December 31, 2005                                               F-7

Notes to Financial Statements                                               F-8






























                                       F-1

<PAGE>


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
              -------------------------------------------------------


To the Board of Directors of
AlphaTrade.com
Vancouver, B.C. Canada

We have audited the accompanying  balance sheets of  AlphaTrade.com  at December
31, 2006 and 2005 and the related statements of operations, stockholders' equity
(deficit)and cash flows for the years then ended. These financial statements are
the responsibility of the Company's management. Our responsibility is to express
an opinion on these financial statements based on our audits.

We conducted  our audits in  accordance  with the standards of the PCAOB (United
States).  Those  standards  require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  The  Company  is not  required  to have,  nor were we  engaged to
perform, and audit of its internal controls over financial reporting.  Our audit
included  consideration of internal control over financial  reporting as a basis
for designing audit  procedures that are appropriate in the  circumstances,  but
not for the  purpose  of  expressing  an  opinion  on the  effectiveness  of the
Company's internal control over financial reporting.  Accordingly, we express no
such opinion. An audit includes examining,  on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the financial position of AlphaTrade.com at December 31,
2006 and 2005,  and the  results  of its  operations  and its cash flows for the
years then ended in conformity with accounting  principles generally accepted in
the United States of America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 2 to the
financial   statements,   the  Company  has  recorded  significant  losses  from
operations,  has a deficit in  stockholders'  equity  and has a working  capital
deficit, which together raise substantial doubt about its ability to continue as
a going  concern.  Management's  plans  in  regard  to  these  matters  are also
described in Note 2. The  financial  statements  do not include any  adjustments
that might result from the outcome of this uncertainty.


/s/ Chisholm, Bierwolf & Nilson, LLC
------------------------------------
Chisholm, Bierwolf & Nilson, LLC

Bountiful, Utah
February 1, 2007




                                    Page F-2

<PAGE>





                                 ALPHATRADE.COM
                                 Balance Sheets

                                     ASSETS
                                     ------

                                                            December 31,
                                                          2006         2005
                                                      ------------ ------------
CURRENT ASSETS

 Cash                                                 $   147,323  $   147,408
 Accounts receivable - trade, net                          64,766        5,830
 Prepaid expenses                                           7,148       12,729
 Prepaid expenses - related parties                             -        2,695
                                                      -----------  -----------

   Total Current Assets                                   219,237      168,662
                                                      -----------  -----------

PROPERTY AND EQUIPMENT, NET                                37,550       46,531
                                                      -----------  -----------

OTHER ASSETS

 Marketable securities-available for sale-related party    68,466        8,800
 Marketable securities-available for sale                 215,992      312,000
                                                      -----------  -----------
   Total Other Assets                                     284,458      320,800
                                                      -----------  -----------

  TOTAL ASSETS                                        $   541,245  $   535,993
                                                      ===========  ===========


















   The accompanying notes are an integral part of these financial statements.
                                    Page F-3

<PAGE>

                                 ALPHATRADE.COM
                           Balance Sheets (Continued)


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------

                                                            December 31,
                                                          2006         2005
                                                      ------------ ------------
CURRENT LIABILITIES

 Accounts payable and accrued expenses                $   547,139  $   348,875
 Related party payables                                   714,295      429,927
 Deferred revenue                                         241,332      204,753
                                                      -----------  -----------

   Total Current Liabilities                            1,502,766      983,555
                                                      -----------  -----------

   Total Liabilities                                    1,502,766      983,555
                                                      -----------  -----------
STOCKHOLDERS' EQUITY (DEFICIT)

 Convertible preferred stock: $0.001 par value;
  10,000,000 shares authorized, 2,000,000 Class A
  and 2,000,000 Class B shares issued and outstanding      4,000         2,000
 Common stock: $0.001 par value 100,000,000 shares
  authorized; 36,750,025 and 29,898,865 shares
  issued and outstanding, respectively                    36,750        29,899
 Additional paid-in capital                           30,857,336    26,023,780
 Stock subscription receivable                                 -       (99,797)
 Prepaid expenses-related parties                        (30,000)     (214,036)
 Accumulated other comprehensive income                 (717,860)      185,800
 Accumulated deficit                                 (31,111,747)  (26,375,208)
                                                     -----------   -----------

   Total Stockholders' Equity (Deficit)                 (961,521)     (447,562)
                                                     -----------   -----------

   TOTAL LIABILITIES AND STOCKHOLDERS'
     EQUITY (DEFICIT)                                $   541,245   $   535,993
                                                     ===========   ===========












   The accompanying notes are an integral part of these financial statements.
                                    Page F-4

<PAGE>
                                 ALPHATRADE.COM
                            Statements of Operations
                                                          Years Ended
                                                          December 31,
                                               ------------------------------
                                                      2006             2005
REVENUE                                        --------------  --------------
   Subscription revenue                        $   2,817,955   $   2,553,623
   E-Trax revenue                                     76,491          19,205
   Advertising revenue                             1,256,656         324,300
   Advertising revenue-related party                 243,900         120,000
   Other revenue                                         994           2,753
                                               -------------   -------------
     Total Revenue                                 4,395,996       3,019,881

COST OF SALES
   Financial content                               1,750,533       1,304,020
   Other cost of sales                                 5,486           7,314
                                               -------------   -------------
     Total Cost of Sales                           1,756,019       1,311,334
                                               -------------   -------------
   Gross profit                                    2,639,977       1,708,547
                                               -------------   -------------
EXPENSES
   Related party compensation                      3,560,011         480,000
   Professional fees                               1,956,125         366,130
   Research and development                          411,595         276,626
   Marketing expense                                 902,167         688,629
   General and administrative expenses               503,409         424,533
                                               -------------   -------------
     Total Expenses                                7,333,307       2,235,918
                                               -------------   -------------
LOSS FROM OPERATIONS                              (4,693,330)       (527,371)

OTHER INCOME (LOSS)
   Gain (loss) on marketable securities              (43,209)              -
                                               -------------   -------------
NET LOSS BEFORE INCOME TAXES                      (4,736,539)       (527,371)

INCOME TAXES                                               -               -
                                               -------------   -------------
NET LOSS                                          (4,736,539)       (527,371)
                                               -------------   -------------
UNREALIZED GAIN (LOSS) ON AVAILABLE
 FOR SALE SECURITIES                                (903,660)        185,800
                                               -------------   -------------
TOTAL COMPREHENSIVE LOSS                       $  (5,640,199)  $    (341,571)
                                               =============   =============
BASIC AND DILUTED NET LOSS PER SHARE
   Net loss per share                          $       (0.15)  $       (0.01)
                                               =============   =============
   Comprehensive loss per share                $       (0.18)  $       (0.01)
                                               =============   =============
WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING                                      32,189,275      26,899,277
                                               =============   =============

   The accompanying notes are an integral part of these financial statements.
                                    Page F-5
<PAGE>

                                 ALPHATRADE.COM
                   Statements of Stockholders' Equity (Deficit)

<TABLE>
<CAPTION>
                     Preferred Stock     Common Stock    Additional  Stock        Other
                     ---------------- ------------------ Paid-In     Subscription Comprehensive Accumulated
                      Shares   Amount   Shares   Amount   Capital    Receivable   Income          Deficit
                     --------- ------ ---------- ------- ----------- ----------   ------------- -------------
<S>                  <C>       <C>    <C>        <C>     <C>         <C>          <C>           <C>
Balance,
 December 31, 2004   2,000,000 $2,000 23,032,865 $23,033 $23,901,910 $ (99,797)   $          -  $(25,847,837)

Common stock issued
for cash at an
average price of
$0.35 per share              -      -    150,000     150      52,350         -               -             -

Common stock issued
for the extinguishment
of debt at an average
price of $0.27 per
share                        -      -  4,400,000   4,400   1,200,600         -                -             -

Common stock issued for
 services at an average
 price of $0.38 per share    -      -  2,316,000   2,316     864,552         -                -             -

Value of common stock
 warrants issued             -      -          -       -       8,368         -                -             -

Stock offering costs         -      -          -       -      (4,000)        -                -             -

Net loss for year ended
 December 31, 2005           -      -          -       -           -         -          185,800      (527,371)
                     --------- ------ ---------- ------- ----------- ---------     ------------  ------------
Balance,
 December 31, 2005   2,000,000  2,000 29,898,865  29,899  26,023,780   (99,797)         185,800   (26,375,208)

Common stock issued
for cash at an
average price of
$0.18 per share              -      -  1,832,500   1,833     336,417         -                -             -

Common stock issued
for services at an
average price of
$0.21 per share              -      -  5,018,660   5,018   1,036,027    99,797                -             -

Preferred stock
issued for services
at an average price
of $0.38 per share   2,000,000  2,000          -       -   3,078,011         -                -             -

Value of common
 stock options
 issued                      -      -          -       -     383,101         -                -             -

Net loss for
 year ended
 December 31, 2006           -      -          -       -           -         -         (903,660)   (4,736,539)
                     --------- ------ ---------- ------- ----------- ---------     ------------  ------------
Balance,
 December 31, 2006   4,000,000 $4,000 36,750,025 $36,750 $30,857,336 $       -     $   (717,860) $(31,111,747)
                     ========= ====== ========== ======= =========== =========     ============  ============
</TABLE>


   The accompanying notes are an integral part of these financial statements.
                                    Page F-6

<PAGE>
                                 ALPHATRADE.COM
                             Statements of Cash Flows
                                                             Years Ended
                                                             December 31,
                                                       -------------------------
                                                           2006        2005
CASH FLOWS FROM OPERATING ACTIVITIES                   ------------ ------------

  Net loss                                            $ (4,736,539) $  (527,371)
   Adjustments to reconcile net loss to net cash used
    by operating activities:
     Common and preferred stock issued for services      4,220,853      517,832
     Common stock options issued for services              383,101        8,368
     Depreciation expense                                   12,916        9,793
     Investments received as payment for accounts
             receivable                                   (958,339)    (135,000)
     Loss on sale of investments                            43,209            -
   Changes in operating assets and liabilities:
     (Increase) decrease in accounts receivable            (58,936)     129,382
     (Increase) decrease in prepaid expenses               192,312      (14,424)
     Increase (decrease) in accounts payable and accrued
             expenses                                      198,264      (30,549)
     Increase (decrease) in deferred revenue                35,060       22,790
     Increase is related party payable                     284,368       65,247
                                                        -----------  -----------
       Net Cash Provided (Used) by Operating Activities   (383,731)      46,068
                                                        -----------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES

   Proceeds from sale of investments                        49,331            -
   Purchase of fixed assets                                 (3,935)     (26,499)
                                                        -----------  -----------
       Net Cash (Used) by Investing Activities              45,396      (26,499)
                                                        -----------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES

   Common stock issued for cash                            338,250       52,500
   Stock offering costs                                          -       (4,000)
                                                        -----------  -----------
       Net Cash Provided by Financing Activities           338,250       48,500
                                                        -----------  -----------
NET CHANGE IN CASH                                             (85)      68,069
CASH AT BEGINNING OF YEAR                                  147,408       79,339
                                                        -----------  -----------
CASH AT END OF YEAR                                    $   147,323  $   147,408
                                                        ===========  ===========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
   Interest paid                                       $         -  $         -
   Income taxes paid                                   $         -  $         -

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:
   Common and preferred stock issued for services      $ 4,220,853  $   731,868
   Common stock issued for extinguishments of debt     $         -  $ 1,205,000
   Investments received as payment for accounts
             receivable                                $   735,433  $   135,000

   The accompanying notes are an integral part of these financial statements.
                                    Page F-7

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          This summary of significant  accounting  policies of AlphaTrade.com is
          presented  to  assist  in   understanding   the  Company's   financial
          statements.  The financial statements and notes are representations of
          the Company's management, which is responsible for their integrity and
          objectivity.   These   accounting   policies   conform  to  accounting
          principles generally accepted in the United States of America and have
          been  consistently   applied  in  the  preparation  of  the  financial
          statements.

          a.  Organization and Business Activities

          AlphaTrade.com  was incorporated under the laws of the State of Nevada
          on June 6, 1995 as Sierra Gold  Development  Corp. It then changed its
          name to Honor One  Corporation  on October  29, 1998 and on January 6,
          2001 changed its name to  AlphaTrade.com  (the  Company).  The Company
          provides both real-time and delayed stock market quotes to subscribers
          via the internet.

          b.  Depreciation

          The  cost of the  property  and  equipment  is  depreciated  over  the
          estimated  useful life of 5 years.  Depreciation is computed using the
          straight-line method when the assets are placed in service.

          c.  Accounting Method

          The  Company's  financial  statements  are prepared  using the accrual
          method of accounting. The Company has elected a December 31 year-end.

          d.  Cash and Cash Equivalents

          For the purpose of the statement of cash flows, the Company  considers
          all highly  liquid  investments  purchased  with a  maturity  of three
          months or less to be cash equivalents.

          e. Estimates

          The  preparation of financial  statements in conformity with generally
          accepted  accounting  principles requires management to make estimates
          and  assumptions  that  affect  the  reported  amounts  of assets  and
          liabilities and disclosure of contingent assets and liabilities at the
          date of the financial  statements and the reported amounts of revenues
          and expenses during the reporting period.  Actual results could differ
          from those estimates.






                                    Page F-8

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)

          f.  Concentrations of Credit Risk

          The Company  maintains its cash in one  commercial  account at a major
          financial   institution.   Although  the  financial   institution   is
          considered  creditworthy  and has not  experienced  any  losses on its
          deposits,  at December 31, 2006 and 2005,  the Company's  cash balance
          exceeded  Federal  Deposit  Insurance  Corporation  (FDIC)  limits  by
          approximately $47,000 and $47,000.

          g.  Income Taxes

          Deferred  taxes are provided on a liability  method  whereby  deferred
          operating  loss  and  tax  credit   carryforwards   and  deferred  tax
          liabilities   are  recognized  for  taxable   temporary   differences.
          Temporary differences are the differences between the reported amounts
          of assets and liabilities and their tax bases. Deferred tax assets are
          reduced by a valuation  allowance  when, in the opinion of management,
          it is more  likely than not that some  portion or all of the  deferred
          tax assets will not be realized.  Deferred tax assets and  liabilities
          are  adjusted  for the effects of changes in tax laws and rates on the
          date of enactment.

          h.  Revenue Recognition and Deferred Revenue

          The Company  applies the provisions of SEC Staff  Accounting  Bulletin
          No.  104,"Revenue  Recognition in Financial  Statements"  ("SAB 104"),
          which  provides   guidance  on  the   recognition,   presentation  and
          disclosure of revenue in financial  statements filed with the SEC. SAB
          104 outlines the basic criteria that must be met to recognize  revenue
          and provides  guidance for disclosure  related to revenue  recognition
          policies.  In general, the Company recognizes revenue related to goods
          and services  provided when (i) persuasive  evidence of an arrangement
          exists,  (ii)  delivery has occurred or services  have been  rendered,
          (iii) the fee is fixed or  determinable,  and (iv)  collectibility  is
          reasonably assured.

          The Company  recognizes  subscription  fees  revenue  and  advertising
          revenue when the services have been  provided.  The Company  generally
          receives its monthly  subscriptions  in the month prior to the service
          being  provided,  accordingly  the  Company  had  deferred  revenue of
          $241,332 at December 31, 2006. Cost of sales is comprised of data feed
          expenses charged by various stock market exchanges. The Company had no
          customer which accounted for 10% of the revenue during the years ended
          December 31, 2006 and 2005.

          The Company  occasionally  licenses its technology to some  customers.
          The  Company  recognizes  its  license  revenue  over  the term of the
          license.


                                    Page F-9

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)

          h.  Revenue Recognition and Deferred Revenue (Continued)

          The Company  develops  modified  products for  customers.  The Company
          recognizes development revenue as the services are performed.

          The Company records deferred revenue when it receives cash receipts in
          advance of performing  the related  service.  These  advance  payments
          received are considered a current liability.

          i.  Recently Issued Accounting Pronouncements

          In September  2006, the Financial  Accounting  Standards  Board issued
          Statement  of  Financial  Accounting  Standards  No. 158,  "Employers'
          Accounting for Defined Benefit Pension and Other Postretirement Plans,
          an  amendment  of FASB  Statements  No. 87,  88, 106 and 132R"  ("SFAS
          158").  SFAS 158  requires  employers  that  sponsor  defined  benefit
          pension and postretirement plans to recognize previously  unrecognized
          actuarial losses and prior service costs in the statement of financial
          position and to recognize  future changes in these amounts in the year
          in which changes occur through  comprehensive income. As a result, the
          statement of financial  position  will reflect  funded status of those
          plans as an asset or liability.  Additionally,  employers are required
          to  measure  the  funded  status  of a plan as of the  date  of  their
          year-end  statements  of  financial  position  and provide  additional
          disclosures. SFAS 158 is effective for financial statements issued for
          fiscal  years  ending  after  December  15, 2006 for  companies  whose
          securities  are  publicly  traded.  The  Company  does not  expect the
          adoption  of SFAS 158 to have a  significant  effect on its  financial
          position or results of operation.

          In September  2006, the Financial  Accounting  Standards  Board issued
          Statement  of  Financial  Accounting  Standards  No. 157,  "Fair Value
          Measurements"  which  defines fair value,  establishes a framework for
          measuring  fair  value in  generally  accepted  accounting  principles
          (GAAP), and expands disclosures about fair value  measurements.  Where
          applicable,  SFAS No. 157  simplifies  and codifies  related  guidance
          within GAAP and does not require any new fair value measurements. SFAS
          No. 157 is effective for financial  statements issued for fiscal years
          beginning  after November 15, 2007,  and interim  periods within those
          fiscal years.  Earlier  adoption is  encouraged.  The Company does not
          expect the  adoption of SFAS No. 157 to have a  significant  effect on
          its financial position or results of operation.

          In June 2006,  the Financial  Accounting  Standards  Board issued FASB
          Interpretation  No. 48,  "Accounting for Uncertainty in Income Taxes -
          an  interpretation  of FASB  Statement  No. 109",  which  prescribes a
          recognition  threshold  and  measurement  attribute  for the financial
          statement  recognition  and  measurement  of a tax  position  taken or


                                    Page F-10

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)

          i.  Recently Issued Accounting Pronouncements (Continued)

          expected to be taken in a tax return. FIN 48 also provides guidance on
          de-recognition,  classification, interest and penalties, accounting in
          interim  periods,  disclosure and transition.  FIN 48 is effective for
          fiscal years  beginning  after December 15, 2006. The Company does not
          expect  the  adoption  of FIN  48 to  have a  material  impact  on its
          financial  reporting,  and the  Company is  currently  evaluating  the
          impact,  if any,  the  adoption of FIN 48 will have on its  disclosure
          requirements.

          In  March  2006,  the  Financial  Accounting  Standards  Board  issued
          Statement of Financial  Accounting  Standards No. 156, "Accounting for
          Servicing of Financial  Assets--an  amendment  of FASB  Statement  No.
          140." This statement requires an entity to recognize a servicing asset
          or  servicing  liability  each time it  undertakes  an  obligation  to
          service a financial asset by entering into a servicing contract in any
          of the following  situations:  a transfer of the servicer's  financial
          assets that meets the requirements for sale accounting;  a transfer of
          the servicer's financial assets to a qualifying special-purpose entity
          in a  guaranteed  mortgage  securitization  in  which  the  transferor
          retains all of the resulting  securities and classifies them as either
          available-for-sale securities or trading securities; or an acquisition
          or assumption of an obligation to service a financial  asset that does
          not relate to  financial  assets of the  servicer or its  consolidated
          affiliates.  The  statement  also requires all  separately  recognized
          servicing assets and servicing liabilities to be initially measured at
          fair value, if practicable, and permits an entity to choose either the
          amortization  or fair value method for subsequent  measurement of each
          class of  servicing  assets and  liabilities.  The  statement  further
          permits,  at its  initial  adoption,  a one-time  reclassification  of
          available for sale  securities to trading  securities by entities with
          recognized  servicing  rights,   without  calling  into  question  the
          treatment of other available for sale securities  under Statement 115,
          provided that the available for sale securities are identified in some
          manner as offsetting the entity's exposure to changes in fair value of
          servicing  assets or servicing  liabilities  that a servicer elects to
          subsequently measure at fair value and requires separate  presentation
          of servicing assets and servicing liabilities subsequently measured at
          fair value in the  statement  of  financial  position  and  additional
          disclosures  for  all  separately   recognized  servicing  assets  and
          servicing  liabilities.  This  statement is effective for fiscal years
          beginning after  September 15, 2006, with early adoption  permitted as
          of the beginning of an entity's fiscal year.  Management  believes the
          adoption  of this  statement  will  have no  immediate  impact  on the
          Company's financial condition or results of operations.




                                    Page F-11

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)

          i.  Recently Issued Accounting Pronouncements (Continued)

          In February  2006,  the Financial  Accounting  Standards  Board issued
          Statement of Financial  Accounting  Standards No. 155, "Accounting for
          Certain Hybrid Financial Instruments - an amendment of FASB Statements
          No. 133 and 140" ("SFAS 155"), to (a) permit fair value re-measurement
          for  any  hybrid  financial   instrument  that  contains  an  embedded
          derivative that otherwise would require bifurcation,  (b)clarify which
          interest-only  strip and  principal-only  strip are not subject to the
          requirements of Statement 133, (c) establish a requirement to evaluate
          interests in securitized  financial assets to identify  interests that
          are freestanding  derivatives or that are hybrid financial instruments
          that contain an embedded derivative requiring bifurcation, (d) clarify
          that  concentrations  of credit risk in the form of subordination  are
          not embedded derivatives,  and (e)amend Statement 140 to eliminate the
          prohibition  on a  qualifying  special-purpose  entity from  holding a
          derivative financial instrument that pertains to a beneficial interest
          other than another derivative financial instrument.  This statement is
          effective for financial  statements for fiscal years  beginning  after
          September  15, 2006.  Earlier  adoption of SFAS 155 is permitted as of
          the beginning of an entity's fiscal year,  provided the entity has not
          yet issued any financial  statements for that fiscal year.  Management
          believes SFAS 155 will have no impact on the  financial  statements of
          the Company once adopted.

          In May 2005, the Financial Accounting Standards Board issued Statement
          of Financial  Accounting  Standards No. 154,  "Accounting  Changes and
          Error  Corrections  - a  Replacement  of APB  Opinion  No. 20 and FASB
          Statement  No.  3"  ("SFAS  154"),  to  change   financial   reporting
          requirements  for the  accounting  for and  reporting  of a change  in
          accounting principle.  This statement applies to all voluntary changes
          in accounting principles and it also applies to changes required by an
          accounting   pronouncement   in  the   unusual   instance   that   the
          pronouncement does not include specific transition provisions.  When a
          pronouncement   includes   specific   transition   provisions,   those
          provisions  should  be  followed.  The  adoption  of  SFAS  154 is not
          expected  to  have  a  material  impact  on  the  Company's  financial
          statements.

          j.  Advertising

          The Company follows the policy of charging the costs of advertising to
          expense as incurred.  Advertising expense for the years ended December
          31, 2006 and 2005 was $109,424 and $76,523, respectively.






                                    Page F-12

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)

          k.  Stock Options

          As permitted by FASB  Statement  No. 148  "Accounting  for Stock Based
          Compensation",  the Company elected to measure and record compensation
          cost  relative to  employee  stock  option  costs in  accordance  with
          Accounting  Principles Board ("APB") Opinion 25, "Accounting for Stock
          Issued to Employees,"  and related  interpretations  and make proforma
          disclosures  of net income and earnings per share as if the fair value
          method of valuing stock  options had been  applied.  Under APB Opinion
          25,  compensation  cost is  recognized  for stock  options  granted to
          employees  when the option  price is less than the market price of the
          underlying  common  stock on the date of  grant.  In April  2005,  the
          Company  adopted the  provisions of Statement of Financial  Accounting
          Standards No. 123R.

          l.  Financial Content

          The Company's cost of sales is the cost of the stock quotation data it
          purchases  from the  various  stock  markets  to which  its  customers
          subscribe.  At December  31,  2006,  the  Company's  accounts  payable
          included $547,139 due to various markets and quotation services.

          m.  Accounts Receivable and Bad Debts

          The Company estimates bad debts utilizing the allowance method,  based
          upon past  experience and current market  conditions.  At December 31,
          2006 and 2005,  the Company had an allowance  for bad debts of $17,954
          and $0, respectively.

          n.  Fair Value of Financial Instruments

          The  Company's  financial  instruments  as  defined  by  Statement  of
          Financial Accounting Standards No. 107,  "Disclosures about Fair Value
          of Financial  Instruments,"  include cash, trade accounts  receivable,
          and  accounts  payable  and  accrued  expenses.  All  instruments  are
          accounted  for on a  historical  cost basis,  which,  due to the short
          maturity of these financial  instruments,  approximates  fair value at
          December 31, 2006 and December 31, 2005.












                                    Page F-13

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)

          o.  Earnings (Loss) Per Share

          The  computation of basic earnings (loss) per common share is based on
          the weighted average number of shares outstanding during each period.

                                                          December 31,
                                                    2006                 2005
                                             -----------------------------------
            Numerators:
              Net Loss                       $(4,736,539)         $  (527,371)
                                             ===========          ===========

            Total Comprehensive Loss         $(5,640,199)         $  (341,571)
                                             ===========          ===========

            Denominator:
            Weighted Average Number of
              Shares Outstanding              32,189,275          26,899,277
                                             ===========          ==========

              Net loss per share             $     (0.15)         $    (0.01)
                                             ===========          ==========

              Comprehensive loss per share   $     (0.18)         $    (0.01)
                                             ===========          ==========

          The  computation of diluted  earnings per common share is based on the
          weighted average number of shares outstanding during the year plus the
          common stock  equivalents which would arise from the exercise of stock
          options and warrants  outstanding  using the treasury stock method and
          the  average  market  price per share  during the year.  Common  stock
          equivalents  were not included in the computation of loss per share at
          December 31, 2006 and 2005 because they are anti-dilutive. At December
          31, 2006 there are 28,440,500 common stock equivalents outstanding.

          p.  Marketable Securities-Available for Sale

          The   Company   occasionally   receives   marketable   securities   as
          compensation for its advertising  services.  The Company's  marketable
          securities are classified as "available  for sale".  Accordingly,  the
          Company  originally  recognizes  the  shares at the fair  value of the
          services  performed.  The shares  are  evaluated  quarterly  using the
          specific identification method. Any unrealized holding gains or losses
          are reported as Other Comprehensive Income and as a separate component
          of  stockholder's  equity.  Realized  gains and losses are included in
          earnings.




                                    Page F-14

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)

          p.  Marketable Securities-Available for Sale (Continued)

          A company related to the Company by common management issued shares of
          common  stock  for  advertising  services,  which  are  classified  as
          available for sale.

          Marketable Securities-Available for Sale are as follows:

                  Balance, January 1, 2005            $         -
                  Marketable securities received          135,000
                  Realized gains and losses               185,800
                                                      -----------
                  Balance, December 31, 2005              320,800
                  Marketable securities received
                   for services in 2006                   910,527
                  Realized gains and losses               (43,210)
                  Unrealized gains and losses            (903,659)
                                                       ----------

                  Balance, December 31, 2006          $   284,458
                                                      ===========

                  Marketable Securities-Available
                   for Sale-Related Party             $    68,466
                  Marketable Securities-Available
                   for Sale                               215,992
                                                      -----------

                  Balance, December 31, 2006          $   284,458
                                                      ===========

          The Company  realized  cash proceeds of $49,331 and $-0- from the sale
          of marketable  securities during the years ended December 31, 2006 and
          2005, respectively.

NOTE 2 -  GOING CONCERN

          The  Company's  financial  statements  are  prepared  using  generally
          accepted  accounting  principles  applicable  to a going concern which
          contemplates  the realization of assets and liquidation of liabilities
          in the normal course of business. The Company has recorded significant
          losses from  operations  and has a deficit in its  working  capital as
          well as in its  stockholders'  equity which together raise substantial
          doubt about its ability to continue as a going concern.

          In order to continue as a going concern and achieve a profitable level
          of operations,  the Company will need, among other things, to increase
          sales of its advertising and subscription services.


                                    Page F-15

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 2 -  GOING CONCERN (Continued)


          Management's  plans  to  continue  as  a  going  concern  include  the
          following items:

          1)  Concentrating  its efforts on increasing the number of subscribers
          to its  stock-tracking  product,  known as e-gate  thereby  increasing
          sales and  increasing  the  advertisers  on the Company's web site and
          email program.  2) Continuing to increase its gross profit  percentage
          by increasing  sales. 3) Converting  related party debt to equity when
          cash flow does not permit cash payments of this debt.

          The ability of the Company to continue as a going concern is dependent
          upon its ability to successfully  accomplish the  aforementioned  plan
          and  eventually   attain  profitable   operations.   The  accompanying
          financial  statements  do not  include any  adjustments  that might be
          necessary if the Company is unable to continue as a going concern.

NOTE 3 -  PROPERTY AND EQUIPMENT

          Property  and  Equipment  are  recorded  at  cost,  less   accumulated
          depreciation.  Depreciation  and  amortization  on capital  leases and
          property and equipment are determined using the  straight-line  method
          over the  estimated  useful  lives  (usually 5 years) of the assets or
          terms of the leases.

          Depreciation  expense for the years ended  December  31, 2006 and 2005
          was $12,916 and $9,793, respectively. Expenditures for maintenance and
          repairs are expensed when incurred and betterments are capitalized.

          The  following  is a summary  of the  Company's  major  categories  of
          property and equipment at December 31, 2006:

                  Office equipment                     $           171,561
                  Computer equipment                                27,480
                  Software                                          68,175
                  Less accumulated depreciation                   (229,666)
                                                       -------------------
                                                       $            37,550
                                                       ===================

NOTE 4 -  CONVERTIBLE PREFERRED STOCK

           The Company has 2,000,000 outstanding shares of convertible Class "A"
           preferred stock with the following features:
             Each preferred share is convertible  into five common shares,  Each
             holder   of   Class   "A"   preferred   shares   is   entitled   to
             five(5)votes(which  can be voted  prior to  conversion)  for  every
             preferred  share  held to vote on any  matters  brought  before the
             shareholders of the Company.

                                    Page F-16

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 4 -  CONVERTIBLE PREFERRED STOCK (Continued)

           The Company has 2,000,000 outstanding shares of convertible Class "B"
           preferred stock with the following features:
             Each preferred  share is convertible  into ten common shares,  Each
             holder   of   Class   "B"   preferred   shares   is   entitled   to
             ten(10)votes(which  can be voted  prior to  conversion)  for  every
             preferred  share  held to vote on any  matters  brought  before the
             shareholders of the Company,
                  In case of liquidation of the Company each preferred share has
                  a priority to assets in the amount of $1.00 per share.

NOTE 5 -  OUTSTANDING COMMON STOCK OPTIONS AND STOCK PURCHASE WARRANTS

          Under FASB  Statement  123R,  the Company  estimates the fair value of
          each stock award at the grant date by using the  Black-Scholes  option
          pricing model.  The following  weighted  average  assumptions used for
          grants in the years ended December 31, 2006 and 2005:dividend yield of
          zero percent for all years; expected volatility of 93.61% and 151.20%;
          risk-free  interest rates of 5.35% and 2.14% and expected lives of 1.0
          and 5.0, respectively.

          Had  compensation  cost for the  Company's  stock  options  and  stock
          warrants  granted to directors  and  employees  been based on the fair
          value as determined by the  Black-Scholes  option pricing model at the
          grant date  under the  accounting  provisions  of SFAS No.  123R,  the
          Company would have recorded an  additional  expense of $1,259,726  for
          the year ended  December 31, 2005.  Also under these same  provisions,
          the  Company's  net loss  would  have  been  changed  by the pro forma
          amounts indicated below:
                                                 Years Ended December 31,
                                                 ------------------------
                                                 2006                 2005
              Net loss:
                As reported               $     (4,736,540)  $        (519,003)
                Pro forma                 $     (4,736,540)  $      (1,778,729)
              Basic loss per share:
              As reported                 $          (0.15)  $           (0.02)
              Pro forma                   $          (0.15)  $           (0.07)

          The general terms of awards such as vesting  requirements(usually 1 to
          2 years),  term of options granted  (usually 10 years),  and number of
          shares  authorized  for grants of options or other equity  instruments
          are determined by the Board of Directors.

          A summary of the status of the Company's stock options and warrants as
          of December  31, 2006 and changes  during the year ended  December 31,
          2006 is presented below:




                                    Page F-17

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 5 - OUTSTANDING COMMON STOCK OPTIONS AND STOCK PURCHASE WARRANTS(Continued)

                                                            Weighted   Weighted
                                                Options     Average    Average
                                                and         Exercise Grant Date
                                                Warrants     Price    Fair Value
                                             -------------- --------  ----------
              Outstanding, December 31, 2005    33,797,497  $   0.38  $    0.38
               Granted                           6,780,000      0.41       0.46
               Expired                            (225,000)     0.77       0.77
               Exercised                          (529,500)     0.76       0.76
                                             -------------  --------  ---------
              Outstanding, December 31, 2006    39,822,997  $   0.38  $    0.38
                                             =============  ========  =========
              Exercisable, December 31, 2006    28,440,500  $   0.42  $    0.42
                                             =============  ========  =========

                                    Outstanding                 Exercisable
                         --------------------------------- ---------------------
                                        Weighted
                                        Average   Weighted              Weighted
                             Number    Remaining   Average   Number      Average
            Range of      Outstanding Contractual Exercise Exercisable  Exercise
         Exercise Prices  at 12/31/06    Life      Price   at 12/31/06    Price
           ------------  ----------- ----------- -------- ----------- --------
           $       0.22    6,000,000      18.56  $   0.22  2,000,000  $   0.22
                   0.25    4,500,000       8.64      0.25  1,125,000      0.25
                   0.35    4,000,000       7.92      0.35  4,000,000      0.35
                   0.45   15,000,000       6.00      0.45 15,000,000      0.45
                   0.25    2,402,000       2.92      0.25  2,402,000      0.25
                   0.90      990,997       1.72      0.90    358,500      0.90
                   2.15      150,000       0.08      2.15    150,000      2.15
              0.15-1.00    2,280,000       1.70      0.59  2,280,000      0.59
           $       0.32    4,500,000       8.56  $   0.32  1,125,000  $   0.32
                          ----------                      ----------
                          39,822,997                      28,440,500
                          ==========                      ==========

          The  Company  uses the  instruments  identified  as stock  options and
          common stockwarrants  somewhat  interchangeably.  Both forms of equity
          instruments  have  been  granted  as  compensation  to  the  Company's
          officers and directors.










                                    Page F-18

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 6 -  RELATED PARTY TRANSACTIONS

          Compensation
          ------------
          During the year ended December 31, 2006,  two companies  owned for the
          benefit of the two officers of the Company  received  cash of $480,000
          which was recorded as related party  compensation.  A bonus of $34,000
          was also awarded to each company in 2006.

          During the year ended December 31, 2005,  two companies  owned for the
          benefit of the two officers of the Company  received  cash of $480,000
          which was recorded as related party compensation. No bonus was awarded
          for 2005.

          In December 2006, the Company  awarded  1,000,000  shares of preferred
          stock  as  bonuses  to two  of its  executive  officers  for  services
          rendered.   These  shares  are  convertible   into  common  stock  and
          accordingly  were valued at the fair value of the common  stock on the
          date of issuance of $3,080,011.

          In July 2005, the Company granted 6,000,000  warrants to its executive
          officers.  2,000,000 of these warrants vested upon grant,  the balance
          vest at the determination of the board of directors. In July 2005, the
          Company also issued  3,800,000  options to its  executive  officers as
          part of its 2005 option  plan.  950,000 of these  options  vested upon
          grant, the balance will be vested at the determination of the board of
          directors.

          In January  2006,  the Company  also issued  2,000,000  options to its
          executive  officers as part of its 2006 option plan.  500,000 of these
          options vested upon grant, the balance will be vested at 25% per year.

          Related Company
          ---------------
          The  principal  accounting  officer of the  Company is an officer in a
          Canadian company which pays the Canadian bills for the Company. All of
          the Company's  liabilities  denominated in Canadian  dollars have been
          converted to US dollars at the year end exchange rate and are included
          in related party payables.  The Canadian  company was owed $291,346 as
          of December 31, 2006.

          Related  party   payables  at  December  31,  2006  consisted  of  the
          following:

                           Officer bonuses              $     78,000
                           Officer accrued wages             344,949
                           Canadian expenses                 291,346
                                                        ------------
                                                        $    714,295



                                    Page F-19

<PAGE>
                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 6 -  RELATED PARTY TRANSACTIONS (Continued)

          Komodo, Inc.
          -----------
          In 2006 and 2005, the Company was paid shares of Komodo,  Inc.  valued
          at $244,410 and $120,000,  respectively, for its advertising services.
          The shares are held as an investment by the Company. Komodo, Inc. is a
          related party due to sharing management in common with the Company.

NOTE 7 -  COMMITMENTS AND CONTINGENCIES

          Office Lease
          ------------
          The  Company  leases  office  space  as  a  part  of a  sublease  on a
          month-to-month  basis.  The  master  lease  expires  at the end of May
          2007.The  monthly lease payment is $9,000.  Rent expense for the years
          ended   December   31,  2006  and  2005  was   $131,459  and  $93,754,
          respectively, which includes common area maintenance charges.

          Third Party Providers
          ---------------------
          The  Company  has one  year  contracts  with  Reuters,  Acquire  Media
          Corporation  and  Hemscott,  Inc.  which call for monthly  payments of
          $34,500, $4,500 and $5,000, respectively. The Company paid these third
          party providers $528,000 in 2005 and 2006, respectively.

          Litigation
          ----------
          The  Company is the  defendant  in  litigation  pending in the Supreme
          Court of British  Columbia,  Canada. In this action which was filed on
          December 23, 2003 the Plaintiff alleges it is owed the sum of $279,664
          pursuant to a licensing  Agreement  executed by the  Plaintiff and the
          Defendant in 1999.  The Company denies any liability and is vigorously
          defending  itself against this claim. At the request of the Plaintiff,
          we submitted a settlement  proposal,  for the  Plaintiff to accept the
          $14,758.58  currently  held by the Court as payment in full,  which is
          currently outstanding.

          During the year ending  December 31,  2002, a company  filed an action
          against the Company in the Supreme Court of British  Columbia,  Canada
          claiming unspecified damages. The Company filed a Statement of Defense
          in  August,  2002.  There  has been no  further  developments  in this
          action.  The  Company  denies any  liability  and plans to  vigorously
          defend itself.

          The Company is subject to potential  liability  under  contractual and
          other  matters  and  various  claims  and legal  actions  which may be
          asserted.  These matters  arise in the ordinary  course and conduct of
          business.  While the outcome of the potential claims and legal actions
          cannot be forecast  with  certainty,  the Company  believes  that such
          matters should not result in any liability which would have a material
          adverse effect on its business.

                                    Page F-20

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 8 - PREPAID EXPENSES-RELATED PARTIES

          In November  2006,  the Company  issued  375,000  shares of its common
          stock to  consultants  for  services to be performed in 2006 and 2007.
          The  shares   were   valued  at  $90,000   and   included  in  prepaid
          expenses-related parties on the balance sheet at December 31, 2006.

          In December 2005, the Company  issued  1,072,500  shares of its common
          stock to consultants for services to be performed in the first quarter
          of 2006.  The shares were valued at $214,036  and  included in prepaid
          expenses-related parties in the Stockholder's Equity (Deficit) section
          of the balance  sheet.  These  consultants  are  classified as related
          parties due to their significant shareholdings.

NOTE 9 -  INCOME TAXES

          Net  deferred tax assets  consist of the  following  components  as of
          December 31, 2006 and 2005:
                                             2006          2005
                                      --------------- ---------------
          Deferred tax assets:
            NOL carryover             $    3,381,747  $    3,375,789
            Contribution carryover             4,678           4,678
            Capital loss                      79,759          48,507
            Depreciation                       2,284           2,284
            Accrued expenses                  34,320           3,900
          Deferred tax liabilities:                -               -

          Valuation allowance             (3,502,788)     (3,435,158)
                                      --------------  --------------
          Net deferred tax asset      $            -  $            -
                                      ==============  ==============

          The  income  tax  provision  differs  from the  amount of  income  tax
          determined by applying the U.S.  federal and state income tax rates of
          39% to pretax income from  continuing  operations  for the years ended
          December 31, 2006 and 2005 due to the following:

                                                   2006            2005
                                              -------------- --------------
              Book Loss                       $ (1,863,172)  $   (519,003)
              Stock for services/options         1,795,542        517,832
              Accrued bonus                         30,420       (910,000)
              Capital loss                          31,252              -
              Valuation allowance                    5,958        911,171
                                              ------------   ------------
                                              $          -   $          -
                                              ============   ============




                                    Page F-21

<PAGE>

                                 ALPHATRADE.COM
                        Notes to the Financial Statements
                           December 31, 2006 and 2005

NOTE 9 -  INCOME TAXES (Continued)

          At December 31, 2006, the Company had net operating loss carryforwards
          of approximately  $8,666,000 that may be offset against future taxable
          income  from the year  2006  through  2026.  No tax  benefit  has been
          reported in the  December  31,  2006  financial  statements  since the
          potential  tax benefit is offset by a valuation  allowance of the same
          amount.

          Due to the  change in  ownership  provisions  of the Tax Reform Act of
          1986,  net  operating  loss   carryforwards  for  Federal  income  tax
          reporting purposes are subject to annual limitations.  Should a change
          in ownership occur, net operating loss carryforwards may be limited as
          to use in future years.






































                                    Page F-22