##### 

UNITED STATESSECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-K/A
  [×]
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended  December 31, 2007   or[   ]
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from  to Commission File Number: 000-25631
  AlphaTrade.com
 (Exact name of registrant as specified in its charter)
  NV
    
    98-0211652(State or other jurisdiction
    
    (IRS Employerof incorporation)
    
    Identification Number)
 930 West First Street, Ste 116, North Vancouver, BC
    
    V7P 3N4(Address of principal executive offices)
    
    (Zip Code)
 (604) 986-9866  Registrants telephone number, including area code
  Title of each class
	 
	 Name of each exchange on which registeredNone
  Title of each class
	 
	 Name of each exchange on which registeredCommon Stock, $.001 par value
	 
	 Over The Counter Bulletin Board
 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
	 [  ]  Yes   [×]  NoIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
	 [  ]  Yes   [×]  NoIndicate 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   [  ]  NoIndicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
	 [×]  Yes   [  ]  NoIndicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) 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-K or any amendment to this Form 10-K.
	 []
  [  ]
    
    Large accelerated filer
	
	[  ]
    
    Accelerated filer[  ]
    
    Non-accelerated filer
	
	[×]
    
    Smaller reporting company
 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
	 [  ]  Yes   [×]  No


##### 

The Issuer's revenue for its fiscal year ended December 31, 2007 is $5,093,255.



As of March 18, 2008, the aggregate market value of the registrant's common

stock held by non-affiliates of the registrant was approximately $4,939,775

based on approximately 32,931,833 shares held by non affiliates at a price of

$0.15.



DOCUMENTS INCORPORATED BY REFERENCE: NONE













































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EXPLANATORY NOTE:



This Amendment No. 1 on Form 10-K/A hereby amends the registrant's

annual report on Form 10-KSB, which the registrant filed with the Securities and

Exchange Commission on April 2, 2008. This amendment is being filed in order to

restate the registrant's financial statements in order to correct certain errors

in its revenue recognition in relation to certain advertising contracts.



TABLE OF CONTENTS



PAGE

PART I



ITEM 1.    Description of Business.                                           4

ITEM 1A.   Risk Factors                                                       9

ITEM 1B.   Unresolved Staff Comments                                         18

ITEM 2.    Properties.                                                       18

ITEM 3.    Legal Proceedings.                                                18

ITEM 4.    Submission of Matters to a Vote of Security Holders.              19



PART II



ITEM 5.    Market for Common Equity Related Stockholder Matters And Issuer

Purchases of Equity Securities.                                   19

ITEM6.     Selected Financial Data                                           22

ITEM 7.    Management's Discussion and Analysis of Financial Condition and

Results of Operations.                                            22

ITEM 7A.   Quantitative and Qualitative Disclosures About Market Risk.       26

ITEM 8.    Financials Statements And Supplementary Data.                     26

ITEM 9.    Changes In and Disagreements with Accountants on Accounting

and Financial Disclosure.                                         26

ITEM 9A.   Controls and Procedures.                                          27

ITEM 9B.   Other Information.                                                27



PART III



ITEM 10.   Directors, Executive Officers and Corporate Governance.           28

ITEM 11.   Executive Compensation.                                           30

ITEM 12.   Security Ownership of Certain Beneficial Owners and               33

Management Related Stockholder Matters.

ITEM 13.   Certain Relationships and Related Transactions,

and Director Independence.                                        34

ITEM 14.   Principal Accountant Fees and Services                            36

ITEM 15.   Exhibits.                                                         38



Signatures                                                                   40





























3



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 116 - 930 West 1st Street, North

Vancouver, B.C. V7P3N4, Canada.



Overview



AlphaTrade began as a technology company focused on developing a web based stock

quote service that was high quality, comprehensive and affordable. Almost

perfectly timed, our product release coincided with a major turn down in tech

stocks and interest in the financial industry from a retail point of view waned

severely. We noticed the impact almost immediately as the demand for our stock

quote service and all of our financial products slowed to almost zero annual

growth. This prompted immediate corrective action from management. Upon

analyzing our business model we realized the major importance of the business we

built was our database. From this we formulated a plan for our future business

development - targeted on-line digital advertising for small, mid, mini and











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micro cap publicly traded companies. From that we have grown into a

multi-faceted, digital media marketing agency through our creative use of sports

franchises to get more exposure for our own brand and by maximizing our

financial data services to increase our database.



Since January 1999 when we commenced operations, AlphaTrade has prided itself on

its ability to evolve. Our mandate is to aggressively build our business in

markets that are under served and over charged. Our entire digital advertising

business evolved from a lack we noticed in the advertising industry - no one was

specifically serving the needs of developing companies on the smaller exchanges.

We launched our advertising program to serve that need and in the process our

operation costs have been lowered, our database is growing at a fast pace, our

web traffic is soaring and our brand is becoming well known. This initiative

allowed us to augment our management team, expand our revenue opportunities and

further diversify our business. Our affiliations with sports franchises gave us

the opportunity to fast track the growth of our advertising business. By

embedding our business and our brand with as many operating businesses of the

caliber of the New York Mets, the Dallas Mavericks and other such sports teams,

strongly positions AlphaTrade in the minds of potential clients.





Business Strategy



Our marketing strategy is building products and creating services that can

survive and prosper in challenging economic times. Our advertising programs are

driving out much of the hard costs associated with our financial products. We

are aggressively marketing our products and services to qualified prospects. Our

strongest revenue growth for 2007 came from our advertising programs.

AlphaTrade's unique positioning in the marketplace is protected by a number of

factors: reasonable price, targeted ad placement, high volume web traffic,

valuable associations, strong networking ability, and worldwide audience.



Our database is expanding as a direct result of our successful advertising

promotions and our sports affiliations. This is resulting in a strong conduit of

new business for a variety of our advertising programs and our other business

segments such as text promotions. Our own corporate brand awareness made

tremendous strides in 2007 which is also improving our business prospects.



Our overall strategy reflects the attention we are paying to our revenue growth

for 2007 and beyond. As with any business, there are some dominant players

currently capturing a lot of the digital advertising business. The Internet

public is fickle and expects unique content, interesting presentations, and fast

paced messages. The Internet audience readily embraces the proactive marketing

approach used by companies like AlphaTrade that can make changes and alter their

presentations quickly. We have created a mindset at AlphaTrade that focuses on

listening and paying attention to our "fans" - who are the people who frequent

our websites.



Our foray into mainstream and grassroots sports portrayed our theme of "we go

where our customers are". We continually embrace our motto of "make the move" -

meaning don't wait - do it now. For us, it is all about looking at what connects

people to our advertisers' messages - what makes our advertisements appealing to

the consumer. 2007 was a pivotal year for AlphaTrade. Our revenue from

advertising for the first time exceeded the revenue from our core financial

products. We see this as validation for our current marketing strategy.











5



The caliber of our site demographics is one of our main marketing focuses. In

addition to the continually increasing number of site visitors, we attract one

of the most favored demographic due to the combination of our financial products

and our sports presence. Our selling feature to advertisers is that our service

completely aligns the intentions of both site visitors and advertisers. This

creates a dynamic partnership that reflects management's commitment to strategic

marketing that benefits both parties.



Our mobile messaging business has become an adjunct service that compliments our

advertising programs. Throughout 2007 we conducted text promotions at Shea

Stadium, the home of the New York Mets, for NFL Super Bowl tickets, at the NHRA

drag races, at a NASCAR race in Phoenix and many others - in fact, in 2007 we

promoted and developed over 50 text promotions. Our database from our text

promotions is growing continually and is becoming an additional feature for our

marketing programs.



In keeping with our theme of building partnerships with our advertisers, we have

expanded our web development services, which include web site development,

enhancements, logo development, mailing programs, corporate identity and brand

building.



Our business development in 2007 is representative of an underlying trend for

the company with respect to our potential revenue growth. Although we were

experiencing continued growth prior to adding additional revenue streams, it was

not as solid as it is now. When you combine financial products with technology

and spice it up with website development and blend all of that with an

innovative advertising and marketing strategy, our potential revenue is

unlimited and restricted only by our own creativity. As our database grows and

the success of our advertising programs becomes more widely known, we believe

our advertising revenues will become our main revenue source. We have a great

sense that our corporate direction and marketing focus is valid. We anticipate a

stellar year in 2008 judging by the success and the acceptance of our new

products. We are also anticipating some growth for our financial products as our

Internet footprint expands. We are strategically building a database of highly

favored website visitors, of publicly traded companies and a network of people

around the world interested in the services we provide. Our plans for 2008

include greater web traffic, revenue and site popularity. We aim to become a

fully functioning marketing arm for all of our advertisers offering services

from website enhancements and improvements, to mailing, to customer management,

to creative, and to join our networking force.





Sports Sponsorships



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,











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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 Dallas Mavericks Basketball Club.



On October 1, 2007, we entered into an Agreement (the "Mavericks Agreement")

with the Dallas Mavericks, a professional basketball team ("Mavericks"). Under

the terms of the Mavericks Agreement, the Mavericks have granted to us certain

Mavericks advertising and

sponsorship rights for 2007 with an option to extend for two additional one year

periods through to September, 2010 in consideration of us providing to Mavericks

certain monetary consideration, with the term of the Mavericks Agreement

commencing on the date of the Agreement and terminating September, 2008 (the

"Term"). Specifically, pursuant to the terms of the Mavericks Agreement,

Mavericks granted to us the right to advertise on the Video Board at American

AirlinesCenterand at home games in specifically designated American Airlines

Center locations and our associated sponsorship of the Mavericks.



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.



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").

In December, 2007 it was agreed between the Company and KBR that the sponsorship

would be mutually cancelled. The sum of $125,000 remained due and owing as at

December 31, 2007, which sum is being settled in monthly installments. Kenny

Bernstein had a serious crash in his funny car racing against John Force and

elected to no longer personally race after the 2007 year.



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").

The agreement was amended on March 21, 2007 and further amended on November 1,

2007 to discontinue the sponsorship. The sum of $750,000 remained owing for as

of December 31, 2007 which is being retired in monthly installments.



















7



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, AlphaTrade provided notice to the Devil Rays on

September 25, 2007 that it was not exercising it's option to continue the

sponsorship beyond 2007.



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 specialized

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











8



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 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 continue to be the fastest revenue sector of our company.



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 twenty-one 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.





ITEM 1A.   RISK FACTORS.



You should carefully consider the risks described below as well as other











9



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.



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, 2007, we have incurred an accumulated net loss of

approximately $35 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.













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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;



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 2008. 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.











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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.



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

managers 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.













12



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

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, 2007. 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,











13



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

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 $43,500, a one year

contract with Acquire Media Corporation which calls for monthly payments of

$4,500, and an annual 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 as further described below.



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













14



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.



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, 2007, 48,589,773 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 51,720,347 are outstanding as of December 31, 2007, and 36,075,350 are

exercisable at a weighted average exercise price of $0.40 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 15,000,000 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











15



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 1,132,156. Accordingly, there can be no assurance as to the



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

















16



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:



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 51,720,347 warrants and options to purchase shares of our

common stock outstanding as of December 31, 2007, of which 36,075,350 are

exercisable at a weighted average exercise price of $0.40 as of equal date. The

exercise of warrants and/or options by a substantial number of holders within a













17



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

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 1B. UNRESOLVED STAFF COMMENTS



ITEM 2.  PROPERTIES



Our executive offices are located at Suite 116 - 930 West 1st Street, North

Vancouver, B.C., Canada, in a 8,207 square foot facility. We have a

month-to-month sub-lease at a current monthly rent of $11,000. The lease expires

in December 30, 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













18



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.



Arena Media Networks LLC v. AlphaTrade.com

Supreme Court of the State of New York, County of New York, Index No. 603406/06

-------------------------------------------------------------------------------



Plaintiff Arena Media Networks LLC ("Arena") commenced this action on or about

October 15, 2007 by the filing of a Summons and Complaint. In the Complaint,

Arena asserts causes of action for breach of contract, account stated and unjust

enrichment against the Company arising from the Company's alleged failure to pay

sums purportedly due Arena pursuant to an agreement in which Arena agreed to

place advertising for the Company.



The Company answered the Complaint on February 1, 2008. In its Answer, the

Company denies the material allegations of the Complaint and asserts numerous

affirmative defenses. This action is presently in the discovery stage. The

Company intends to vigorously defend this action.





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, 2007.









PART II



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

PURCHASES OF EQUITY SECURITIES.



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.



2007 Fiscal Year - Quarterly Information

High              Low



First                                                0.20              0.12

Second                                               0.32              0.15

Third                                                0.33              0.19

Fourth                                               0.33              0.19

















19



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





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.



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, 2007 there were 309 stockholders 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











20



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.



We completed a 10% stock dividend to our shareholders of record on July 27,

2007.



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, 2007 and

have not been previously disclosed in our Form 10-QSB's unless otherwise noted:



Fiscal year ended December 31, 2007

Valued

Date              No. of Shares     Title        At          Reason



Jan. 18/2007          266,580      Common         $0.16    Services

Feb. 20/2007        1,035,420      Common         $0.135   Services

Feb. 27/2007          175,000      Common         $0.125   Services

Mar. 15/2007          100,000      Common         $0.12    Services

Mar. 23/2007          115,000      Common         $0.122   Services

Mar. 29/2007           15,000      Common         $0.135   Services

Apr. 05/2007           22,500      Common         $0.17    Services

Apr. 12/2007          375,500      Common         $0.17    Services

May  15/2007           50,000      Common         $0.17    Services

July  2/2007          200,000      Common         $0.21    Services

July  5/2007          902,550      Common         $0.21    Services

July 17/2007           16,500      Common         $0.28    Services

July 18/2007           10,000      Common         $0.25    Services

July 24/2007           29,000      Common         $0.23    Services

July 31/2007            3,000      Common         $0.26    Services

Aug. 14/2007          300,000      Common         $0.23    Services

Aug. 27/2007           54,500      Common         $0.24    Services

Sep.  7/2007          270,000      Common         $0.21    Services

Oct.  3/2007          350,000      Common         $0.22    Services

Oct.  4/2007          270,000      Common         $0.22    Services

Oct. 15/2007           63,650      Common         $0.20    Services

Oct. 25/2007          324,500      Common         $0.20    Services

Nov.  9/2007            1,025      Common         $0.20    Services

Nov. 19/2007          150,000      Common         $0.25    Services

Nov. 26/2007          115,000      Common         $0.21    Services

Dec.  4/2007          100,000      Common         $0.22    Services

Dec.  5/2007           76,500      Common         $0.23    Services

Dec. 11/2007          100,000      Common         $0.28    Services

Dec. 27/2007           50,000      Common         $0.28    Services

















21



Information regarding our sales of our unregistered securities for the Fiscal

years ended December 31, 2007, 2006 and 2005, 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.



Other than the Plans below, 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, 2007.



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        36,075,350             $0.40             15,644,997

Total              36,075,350             $0.40             15,644,997



ITEM 6.  SELECTED FINANCIAL DATA



N/A



ITEM 7.  MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS













22



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.



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, 2007, 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, 2007 and 2006



During the fiscal year ended December 31, 2007, we saw revenue increase every

quarter. Total revenues for fiscal 2007 were $5,093,225 which is a 16% increase

over fiscal 2006 sales of $4,395,996. 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 $3,064,459 from $2,817,955 in

2006. That is only a 9% 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 2007.

Advertising revenues increased from $1,500,556 in 2006 to $1,926,276 in 2007, an











23



increase of 28%. 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 $88,846 in E-Trax revenue compared to $76,491 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, 2007 the cost was $1,727,258 compared to $1,750,533 in 2006. The percentage

of cost of sales to subscription revenues was 56% in 2007 compared to 62% in

2006 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 2008 we expect the cost of sales percentage to decline. We also had

$5,377 in other cost of sales in 2007 compared to $5,486 in 2006.



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

performance levels. The companies declined bonuses for 2006 or 2007.



The total compensation expense to these entities was $480,000 in 2006 and

$480,000 in 2007. The companies agreed to cancel $240,000 of the compensation

for 2007, which was therefore recorded as a contribution to capital. Similarly, the related party cash compensation is expected to be $240,000 in 2008. During 2006, 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 in 2006.



We incurred $1,956,125 in professional fees in 2006 compared to $1,668,878 in

2007. $1,087,943 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 2007, 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 2008 so that we can reduce the expense effect of this discounting.



We recorded research and development expense of $411,595 for 2006 compared to

$439,456 in 2007, an increase of 7%. 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 2008.



We expended $902,167 for marketing in 2006 compared to $4,511,673 in 2007. Since

most of our direct marketing efforts in 2006 were via the Internet or from our

sales people, this cost was relatively low. This increase for 2007 is due to our

sports partnerships. We expect our marketing costs to decrease substantially for











24



2008 due to the following: we selected narrowed the



sports associations we will continued to work with, we have staffed out sales



departments. 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 62% in 2007 from $503,409



to $818,362. 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 $5,723,130 for the year ended December 31, 2007. Included in the



loss for 2006 and 2007 was $4,603,954 and $1,447,061, respectively as the value



of options and shares issued for services. In addition, the 2007 loss figure includes an other-than-temporary impairment of available-for-sale securities in the amount of $909,127.  Excluding these non-cash expenses,the losses for 2006 and 2007 would have been $132,586 and $3,366,942, 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.







Liquidity and Capital Resources.







AlphaTrade has consistently been financed from raising capital through private



equity offerings. We were provided $485,000 of cash in 2007 compared to $338,250



of cash in financing activities in 2007. For the twelve months ended December



31, 2007 we used net cash of $525,660 compared to $383,731 for the same period



of 2006 in our operating activities. We invested $23,697 and $3,935 in asset



purchases in 2007 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







In December 2007, the FASB issued SFAS 160, "Noncontrolling interests in



Consolidated Financial Statements - an amendment of ARB No. 51". This Statement



amends ARB 51 to establish accounting and reporting standards for the



noncontrolling interest in a subsidiary and for the deconsolidation of a



subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an



















25







ownership interest in the consolidated entity that should be reported as equity



in the consolidated financial statements. This Statement is effective for fiscal



years beginning on or after December 15, 2008. Early adoption is not permitted.



Management is currently evaluating the effects of this statement, but it is not



expected to have any impact on the Company's financial statements.







In February 2007, the FASB issued SFAS 159, "The Fair Value Option for Financial



Assets and Financial Liabilities. SFAS 159 creates a fair value option allowing



an entity to irrevocably elect fair value as the initial and subsequent



measurement attribute for certain financial assets and financial liabilities,



with changes in fair value recognized in earnings as they occur. SFAS 159 also



requires an entity to report those financial assets and financial liabilities



measured at fair value in a manner that separates those reported fair values



from the carrying amounts of assets and liabilities measured using another



measurement attribute on the face of the statement of financial position.



Lastly, SFAS 159 requires an entity to provide information that would allow



users to understand the effect on earnings of changes in the fair value on those



instruments selected for the fair value election. SFAS 159 is effective for



fiscal years beginning after November 15, 2007 with early adoption permitted.



The Company is continuing to evaluate SFAS159 and to assess the impact on its



results of operations and financial condition if an election is made to adopt



the standard.







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.







ITEM 7A.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK







N/A







ITEM 8.   FINANCIAL STATEMENTS







Financial statements as of and for the fiscal years ended December 31, 2007 and



2006 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 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND



FINANCIAL DISCLOSURE.







None.



































26







ITEM 9A.  CONTROLS AND PROCEDURES.







Management's Report on Internal Control over Financial Reporting







Our management is responsible for establishing and maintaining adequate internal



control over financial reporting. Our internal control system was designed to



provide reasonable assurance to our management and Board of Directors regarding



the preparation and fair presentation of published financial statements.







Our management assessed the effectiveness of our internal control over financial



reporting as of December 31, 2007. In making this assessment, it used the



criteria set forth by the Committee of Sponsoring Organizations of the Treadway



Commission (COSO) in Internal Control--Integrated Framework Based on our



assessment we believe that, as of December 31, 2007, our internal control over



financial reporting were not effective based on those criteria. Management



determined that at December 31, 2007, the Company had a material weakness in its



internal control over financial reporting because it did not have sufficient



personnel with adequate knowledge, experience and training of United States



Generally Accepted Accounting Principles commensurate with the Company's



reporting requirements. This annual report does not include an attestation



report of the Company's registered accounting firm regarding internal control



over financial reporting. Management's report was not subject to attestation by



the Company's registered public accounting firm pursuant to temporary rules of



the Securities and Exchange Commission.







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 not 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.



Management determined that due to the lack of personnel with adequate knowledge,



experience and training of United States Generally Accepted Accounting



Principles, the Company's disclosure controls and procedures were not effective



as of December 31, 2007.







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.











ITEM 9B.  OTHER INFORMATION.







None















































27







PART III







ITEM 10. DIRECTORS,  EXECUTIVE OFFICERS, AND CORPORATE







The following table sets forth information regarding our directors and executive



officers as of December 31, 2007:







Name         Age                    Position               Director Since



------------------- --- ----------------------------------------- --------------



Penny Perfect*      54     Founder, Chairman, Chief Executive      October 1999



Officer, President and Director



Gordon Muir         54     Founder, Chief Technology Officer and   October 1999



Director



Katharine Johnston* 54     Vice-President - Business Operations,   January 2005



Director



Lisa McVeigh*       44     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





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 Chairman, Chief Executive Officer, President





and a Director of AlphaTrade.com. Ms. Perfect is also one of the founders of





AlphaTrade. 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



































28











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.











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, 2007, 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.



































29











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, 2007.











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)        --     --     --            --            --            --        --











(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 11.  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, 2007.























30

















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     2007   $120,000





CEO & President   2006   $240,000             --     --     3,000,000 shares (i)





Chairman











Gordon J. Muir    2007   $120,000





Chief Technical   2006   $240,000             --     --     3,000,000 shares (i)





Officer











i) Shares issued to companies in which the executive officers may have a





residual interest.

















(1) The management fees for 2007 are accrued and remain unpaid. With the





exception of reimbursement of expenses incurred by our named executive officers





during the scope of their consultancy and stated stock award amounts, none of





the named executives received any other compensation, perquisites, personal





benefits in excess of $10,000.





(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.





















































31





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, 2007.



















































































































































































































































































































































































































































































































































































































































































































































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       (#)          ($)       Date        ($)        ($)     (#)           ($)  -------------------------------------------------------------------------- ----------  ------- ----------  -----------    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.                                                                                    32     (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.      ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT    The following table sets forth certain information concerning the stock  ownership as of December 31, 2007, 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, 2007, and by our directors  and executive officers as a group.    Shares  Beneficially  Name of Beneficial Owner               Owned(1)                Percent (2)    Penny Perfect                          22,941,620 (3)          36%  c/o AlphaTrade.com  Suite 116 - 930 West 1st Street  North Vancouver, B.C.    Gordon Muir                            22,716,320 (4)          36%  c/o AlphaTrade.com  Suite 116 - 930 West 1st Street  North Vancouver, B.C.    Katharine Johnston                     none  c/o AlphaTrade.com  Suite 116 - 930 West 1st Street  North Vancouver, B.C.    Lisa McVeigh                           none  c/o AlphaTrade.com  Suite 116 - 930 West 1st Street  North Vancouver, B.C.    All current directors and named        45,657,940              72%  officers as a group (3 in all)      (1)  The shares are held in various private companies in which the officer may  hold a minority interest. Ms. Perfect and Mr. Muir are spouses.  Accordingly, each spouse's holdings may also be deemed to be beneficially  owned by the other.            33     (2)  Percentage ownership is based upon 48,589,773 shares of common stock  outstanding on December 31, 2007 and is calculated separately for each  person on the basis of the actual number of outstanding shares beneficially  owned as of December 31, 2007 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 and 10,000,000 shares to be issued upon the conversion of B 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 and 10,000,000 shares to be issued upon the conversion of B series  preferred shares.    Equity Compensation Table    The following table summarizes our equity compensation plan information as of  December 31, 2007.    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        36,075,350              $0.40           15,644,997  Total             36,075,350              $0.40           15,644,997    ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR  INDEPENDENCE    Certain Relationships And Related Transactions: Transactions With Related  Persons, Promoters And Certain Control Persons    During the year ended December 31, 2007, two companies owned for the benefit of  the two officers of the Company accrued management fees of $240,000 which was  recorded as related party 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. No bonus was awarded for 2005. A bonus of $34,000  was also awarded to each company in 2006.    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 as per Black Scholes at the fair  value of the common stock on the date of issuance of $3,080,011.          34     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.    Related party payables at December 31, 2007 consisted of the following:      Officer bonuses              $     78,000      Officer accrued wages             253,766   Loan advances                   1,780,648   ------------   $  2,112,414   ============      In 2006 we were paid via shares of Komodo, Inc. valued at $240,000 for our   advertising services. We did not provide any advertising services to Komodo in   2007. 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, 2007, 2006 and 2005, 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                     35       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   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 2007 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 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, 2007 and December 31, 2006:      Fee Category          Fiscal 2007 Fees   Fiscal 2006 Fees   -------------------------    ----------------   ----------------   Audit Fees                   $28,376.00          $25,229.78   Audit-Related Fees                --                 --   Tax Fees                          --   All Other Fees                    --                 --   ----------          ----------   Total Fees                   $28,376.00          $25,229.78                  36       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.      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.                                                                                                                     37                                  ALPHATRADE.COM      FINANCIAL STATEMENTS      December 31, 2007 and 2006 Restated                                                                                                                                                   Page F-1       C O N T E N T S            Report of Independent Registered Public Accounting Firms............. F-3      Balance Sheets....................................................... F-4      Statements of Operations............................................. F-6      Statements of Stockholders' Equity (Deficit)......................... F-7      Statements of Cash Flows.......................................... F-9 - F10      Notes to the Financial Statements.................................... F-11                                                                                                                                       Page F-2             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM         To the Board of Directors   AlphaTrade.com   Vancouver, BC Canada      We have audited the accompanying  balance sheets of  AlphaTrade.com  at December   31, 2007 and 2006 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 audits 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, an 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,   2007 and 2006 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 10 to the   financial   statements,   the  Company  has  recorded  significant  losses  from   operations, and is dependent on financing to continue operations, 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 10. The   financial  statements do not include any adjustments  that might result from the   outcome of this uncertainty.      As discussed in Note 11 to the financial  statements,  management has discovered   an error in recording revenue from several advertising  agreements that provided   services  into 2008,  resulting  in  deferred  revenue at  December  31, 2007 of   $885,600, the company also recognized an impairment to its investment holdings of 909,127 due to other than temporary declines.  The effects to the  financial  statements  are  described in Note 11.   Accordingly, the financial statements have been restated to correct this error.         Chisholm, Bierwolf & Nilson, LLC   Bountiful, Utah   January 18, 2008 except for Notes 1(n), 8, 9 & 11 dated March 23, 2010                  F-3       ALPHATRADE.COM   Balance Sheets      ASSETS   ------      December 31,   2007         2006   (restated)   ------------ ------------   CURRENT ASSETS      Cash                                                 $   153,760  $   147,323   Accounts receivable - trade, net                          28,047       64,766   Prepaid expenses                                             750        7,148   Marketable securities-available for sale                   5,232       68,467   Marketable securities-available for   sale-related party                                 658,858      215,991   -----------  -----------   Total Current Assets                                   846,647      503,695   -----------  -----------      PROPERTY AND EQUIPMENT, NET                                45,633       37,550   -----------  -----------      OTHER ASSETS      Investments, at cost                                     300,000            -   -----------  -----------   Total Other Assets                                     300,000            -   -----------  -----------      TOTAL ASSETS                                        $ 1,192,280  $   541,245   ===========  ===========                                                                              The accompanying notes are an integral part of these financial statements.   Page F-4          ALPHATRADE.COM   Balance Sheets (Continued)      LIABILITIES AND STOCKHOLDERS' (DEFICIT)   --------------------------------------      December 31,   2007         2006   ------------ ------------   CURRENT LIABILITIES                                    (restated)      Accounts payable and accrued expenses                $ 2,404,822  $    547,139   Related party payables                                 2,190,414       714,295   Deferred revenue                                       1,130,178       241,332   -----------  ------------      Total Current Liabilities                            5,725,414     1,502,766   -----------  ------------      Total Liabilities                                    5,725,414     1,502,766   -----------  ------------   COMMITMENTS      STOCKHOLDERS' (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         4,000   Common stock: $0.001 par value 100,000,000 shares   authorized; 48,589,773 and 40,425,027 shares   issued and outstanding, respectively                     48,590        40,425   Additional paid-in capital                            32,959,057    30,853,661   Prepaid expenses-related parties                               -       (30,000)   Stock subscription payable                                28,500             -   Accumulated other comprehensive income                  (738,404)     (717,860)   Accumulated deficit                                  (36,834,877)  (31,111,747)   -----------   -----------      Total Stockholders' (Deficit)                       (4,533,134)     (961,521)   -----------   -----------      TOTAL LIABILITIES AND STOCKHOLDERS'(DEFICIT)       $ 1,192,280   $   541,245   ===========   ===========                                                The accompanying notes are an integral part of these financial statements.   Page F-5       ALPHATRADE.COM   Statements of Operations   Years Ended   December 31,   ------------------------------   2007            2006   --------------  --------------   REVENUE                                          (restated)   Subscription revenue                        $   3,064,459   $   2,817,955   E-Trax revenue                                     88,846          76,491   Advertising revenue                             1,926,276       1,256,656   Advertising revenue-related party                       -         243,900   Other revenue                                      13,644             994   -------------   -------------   Total Revenue                                 5,093,225       4,395,996      COST OF SALES   Financial content                               1,727,258       1,750,533   Other cost of sales                                 5,377           5,486   -------------   -------------   Total Cost of Sales                           1,732,635       1,756,019   -------------   -------------   Gross profit                                    3,360,590       2,639,977   -------------   -------------   EXPENSES   Related party compensation                        480,000       3,560,011   Professional fees                               1,668,878       1,956,125   Research and development                          439,456         411,595   Marketing expense                               4,511,673         902,167   General and administrative expenses               818,362         503,409   -------------   -------------   Total Expenses                                7,918,369       7,333,307   -------------   -------------   LOSS FROM OPERATIONS                              (4,557,779)     (4,693,330)      OTHER INCOME (EXPENSE)   Interest expense                                 (212,001)              -   Other-than-temporary impairment of   available-for-sale equity securities           (909,127)              -   Gain (loss) on marketable securities              (44,223)        (43,209)   -------------   -------------   Total Other Income (Expense)                (1,165,351)        (43,209)   -------------   -------------      NET LOSS                                          (5,723,130)     (4,736,539)   -------------   -------------   UNREALIZED GAIN/(LOSS) ON AVAILABLE   FOR SALE SECURITIES                              (20,544)       (903,660)   -------------   -------------   TOTAL COMPREHENSIVE LOSS                       $  (5,743,674)  $  (5,640,199)   =============   =============   BASIC AND DILUTED NET LOSS PER SHARE   Net loss per share                          $       (0.12)  $       (0.13)   =============   =============   Comprehensive loss per share                $       (0.12)  $       (0.16)   =============   =============   WEIGHTED AVERAGE NUMBER OF SHARES   OUTSTANDING                                      48,589,773      35,408,202   =============   =============   The accompanying notes are an integral part of these financial statements.   Page F-6


ALPHATRADE.COM  Statements of Stockholders' (Deficit)(restated)      Preferred Stock     Common Stock    Additional   Stock          Other  ---------------- ------------------   Paid-In  Subscription Comprehensive   Accumulated  Shares   Amount   Shares   Amount   Capital    Receivable      Income        Deficit  --------- ------ ---------- ------- ----------- ----------   ------------- -------------  Balance,  December 31, 2005   2,000,000 $2,000 32,888,751 $32,889 $26,020,790 $(99,797)    $    185,800  $(26,375,208)    Common stock issued  for cash at an  average price of  $0.18 per share              -      -  2,015,750   2,016     336,234        -                -             -    Common stock issued  for services at an  average price of  $0.21 per share              -      -  5,520,526   5,520   1,035,525   69,797                -             -    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 40,425,027 $40,425 $30,853,661 $(30,000)    $   (717,860) $(31,111,747)  ========= ====== ========== ======= =========== =========    ============  =============                  The accompanying notes are an integral part of these financial statements.  Page F-7     ALPHATRADE.COM  Statements of Stockholders' (Deficit)(Continued)  (restated)      Preferred Stock     Common Stock    Additional      Stock        Other  ---------------- ------------------  Paid-In     Subscription Comprehensive Accumulated  Shares   Amount   Shares   Amount   Capital      Receivable       Income       Deficit  --------- ------ ---------- ------- ----------- ----------   ------------- -------------  Balance,  December 31, 2006   4,000,000 $4,000 40,425,027 $40,425 $30,853,661 $  (30,000)  $   (717,860) $(31,111,747)    Common stock issued  for services at an  average price of  $0.20 per share              -      -  5,877,246   5,877   1,052,066        -                -             -    Value of common stock  options issued under  the 2007 stock  option plan                  -      -          -       -     131,540        -                -             -    Value of stock purchase  warrants granted             -      -          -       -     207,728        -                -             -    Contributed capital          -      -          -       -      19,850        -                -             -    Common stock issued  for cash at $0.20  per share                    -      -  2,287,500   2,288     454,212   28,500                -             -    Executive compensation  contributed by related  party                        -      -          -       -     240,000        -                -             -    Net loss for year ended  December 31, 2007           -      -          -       -           -        -          (20,544)    (5,723,130)  ---------- ------ ---------- ------- ----------- --------     -----------  -------------  Balance,  December 31, 2007   4,000,000 $4,000 48,589,773 $48,590 $32,959,057 $  28,500    $   (738,404) $ (36,834,877)  ========= ====== ========== ======= =========== =========    ============  =============      The accompanying notes are an integral part of these financial statements.  Page F-8


ALPHATRADE.COM  Statements of Cash Flows  Years Ended  December 31,  -------------------------  2007        2006  (restated)  ------------ ------------  CASH FLOWS FROM OPERATING ACTIVITIES    Net loss                                            $(5,723,130) $(4,736,539)  Adjustments to reconcile net loss to  net cash used by operating activities:  Common and preferred stock issued for  services                                         1,087,943    4,220,853  Common stock options and warrants issued  for services                                       359,118      383,101  Depreciation expense                                  15,614       12,916  Investments received as payment for  accounts receivable                             (1,724,320)    (958,339)  Loss on sale of investments                           44,223       43,209  Other-than-temporary impairment of  available-for sale equity securities               909,127           -  Services contributed by related party                240,000            -  Changes in operating assets and liabilities:  (Increase) decrease in accounts receivable            36,719      (58,936)  (Increase) decrease in prepaid expenses                6,398      192,312  Increase (decrease) in accounts payable  and accrued expenses                             1,857,683      198,264  Increase (decrease) in deferred revenue              888,846       35,060  Increase is related party payable                  1,476,119      284,368  -----------  -----------  Net Cash (Used) by Operating Activities            (525,660)    (383,731)  -----------  -----------  CASH FLOWS FROM INVESTING ACTIVITIES    Sale of investments                                     70,794       49,331  Purchase of fixed assets                               (23,697)      (3,935)  -----------  -----------  Net Cash Provided by Investing Activities            47,097       45,396  -----------  -----------  CASH FLOWS FROM FINANCING ACTIVITIES    Common stock issued for cash                          456,500      338,250  Stock subscriptions payable                            28,500            -  -----------  -----------  Net Cash Provided by Financing Activities           485,000      338,250  -----------  -----------                        The accompanying notes are an integral part of these financial statements.  Page F-9     ALPHATRADE.COM  Statements of Cash Flows  Years Ended  December 31,  -------------------------  2007        2006  (restated)  ------------ ------------  NET CHANGE IN CASH                                         6,437          (85)  CASH AT BEGINNING OF YEAR                                147,323      147,408  -----------  -----------  CASH AT END OF YEAR                                  $   153,760  $   147,323  ===========  ===========  SUPPLEMENTAL DISCLOSURE OF CASH  FLOW INFORMATION:  Interest paid                                     $   212,001  $         -  Income taxes paid                                 $         -  $         -    SCHEDULE OF NON-CASH FINANCING ACTIVITIES:  Common and preferred stock issued  for services                                    $ 1,087,943  $ 4,220,853  Investments received as payment for  accounts receivable                             $ 1,724,320  $   958,339                                                                          The accompanying notes are an integral part of these financial statements.  Page F-10     ALPHATRADE.COM  Notes to the Financial Statements  December 31, 2007 and 2006    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-11     ALPHATRADE.COM  Notes to the Financial Statements  December 31, 2007 and 2006    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, 2007 and 2006,  the Company's  cash balance   exceeded  Federal  Deposit  Insurance  Corporation  (FDIC)  limits  by   approximately $53,000 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  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   $244,578 at December 31, 2007. 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, 2007 and 2006.      The Company  occasionally  licenses its technology to some  customers.   The  Company  recognizes  its  license  revenue  over  the term of the   license.      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, and are amortized to revenue over the term of the service contract.     i.  Recently Issued Accounting Pronouncements      In December 2007, the FASB issued SFAS 160, "Noncontrolling  interests   in  Consolidated  Financial  Statements - an amendment of ARB No. 51".   This  Statement  amends ARB 51 to establish  accounting  and reporting               Page F-12       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)      i.  Recently Issued Accounting Pronouncements (Continued)      standards for the noncontrolling  interest in a subsidiary and for the   deconsolidation  of a subsidiary.  It clarifies that a  noncontrolling   interest in a subsidiary is an ownership  interest in the consolidated   entity that should be reported as equity in the consolidated financial   statements.  This Statement is effective for fiscal years beginning on   or  after  December  15,  2008.   Early  adoption  is  not  permitted.   Management is currently evaluating the effects of this statement,  but   it is not  expected  to have any  impact  on the  Company's  financial   statements.         In February  2007 , the FASB issued SFAS 159,  "The Fair Value  Option   for  Financial  Assets and Financial  Liabilities.  SFAS 159 creates a   fair value option  allowing an entity to irrevocably  elect fair value   as the  initial  and  subsequent  measurement  attribute  for  certain   financial assets and financial liabilities, with changes in fair value   recognized in earnings as they occur. SFAS 159 also requires an entity   to report those financial assets and financial liabilities measured at   fair value in a manner that separates  those reported fair values from   the carrying amounts of assets and liabilities  measured using another   measurement  attribute  on the  face  of the  statement  of  financial   position.  Lastly,  SFAS 159 requires an entity to provide information   that would allow users to understand the effect on earnings of changes   in the fair  value on those  instruments  selected  for the fair value   election.  SFAS 159 is  effective  for fiscal  years  beginning  after   November  15,  2007 with  early  adoption  permitted.  The  Company is   continuing to evaluate SFAS159 and to assess the impact on its results   of operations and financial  condition if an election is made to adopt   the standard.      In June 2007, the Financial  Accounting Standards Board issued FAS No.   141R,  Business  Combinations  -  This  Statement  implements  certain   revisions  to  SFAS  141,  including  changes  to the  measurement  of   purchase  consideration,  measurement of goodwill,  capitalization  of   in-process research and development, and definition of the acquisition   date.  This  statement  is  effective  for fiscal  years,  and interim   periods within those fiscal years,  beginning on or after December 15,   2008. The  implementation  of this  pronouncement had no effect on the   Company's consolidated financial statements.      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                        Page F-13       ALPHATRADE.COM      Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)      i.  Recently Issued Accounting Pronouncements (Continued)      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.      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, 2007 and 2006 was $340,808 and $109,424, respectively.      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. The Company has adopted the   fair  value  based  method  of  accounting  for  stock-based  employee   compensation  in  accordance  with  Statement of Financial  Accounting   Standards  Number 123  (REVISED  2004),  "Share-Based  Payment"  (SFAS   123[R]). The Company uses the Black-Scholes valuation model.      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,  2007,  the  Company's  accounts  payable   included $524,848 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,   2007 and 2006,  the Company had an  allowance  for bad debts of $3,450   and $17,954, respectively.               Page F-14       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)      n.  Marketable Securities-Available for Sale (Restated)      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 and other-than-   temporary impairments are included in earnings.      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, 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      Balance, December 31, 2006         $   284,458   Marketable Securities-Available   for Sale                                68,466   Marketable Securities-Available   for sale-related party                 215,992   -----------   Balance, December 31, 2006          $   284,458   ===========      Balance, December 31, 2006          $   284,458   Marketable securities received   for services in 2007                 1,353,526   Realized gains and losses               (44,223)   Unrealized gains and losses             (20,544)   Other-than temporary impairment       (909,127)   -----------   Balance, December 31, 2007          $   664,090   ===========   Marketable Securities-Available   for Sale                           $     5,232   Marketable Securities-Available   for sale-related party                 658,858   -----------   Balance, December 31, 2007          $   664,090   ===========            Page F-15       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)      o. 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, 2007 and December 31, 2006.      p. Investments      The Company  accounts for its investment in non marketable  securities   using the cost method because the shares held are less than 20% of the   outstanding  shares of the investee.  The  investment  was received as   compensation  for  advertising  services  performed  during 2007.  The   Company  evaluates  securities  for other-than-temporary  impairment at   least  on  a  yearly  basis,  and  more  frequently  when  economic  or   market conditions warrant such evaluation. Consideration is given to the   length of time and amount of the loss relative to cost, the nature and   financial condition of the issuer and the ability and intent of the   Company  to  hold  the  investment  for  a  time  sufficient  to  allow   any anticipated recovery in fair value. There were no securities with   unrealized losses which management considers to be other-than-temporary   impairments at December 31, 2007.  If cost investments  become   marketable they are  reclassified to Market  Securities-Available  for   Sale.      Investments are as follows:   Balance, December 31, 2006          $         -   Marketable securities received   for services in 2007                   300,000   Realized gains and losses                     -   Unrealized gains and losses                   -   -----------   Balance, December 31, 2007          $   300,000   ===========      q. Restated Financial Statements      Marketable  Securities  have  been  restated  in  the  2006  financial   statements  as  current   assets  to  be  consistent   with  the  2007   presentation.      NOTE 2 -  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.      The  following  is a summary  of the  Company's  major  categories  of   property and equipment at December 31, 2007:   Page F-16       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 2 -  PROPERTY AND EQUIPMENT (Continued)         Office equipment                     $           193,934   Computer equipment                                28,805   Software                                          68,175   Less accumulated depreciation                   (245,281)   -------------------   $            45,633   ===================      Depreciation  expense for the years ended  December  31, 2007 and 2006   was $15,614 and $12,916,  respectively.  Expenditures  for maintenance   and  repairs  are  expensed   when   incurred  and   betterments   are   capitalized.      NOTE 3 -  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.      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 4 -  OUTSTANDING COMMON STOCK OPTIONS AND STOCK PURCHASE WARRANTS      The  Company  uses the  instruments  identified  as stock  options and   common stock warrants somewhat  interchangeably.  Both forms of equity   instruments  have  been  granted  as  compensation  to  the  Company's   officers and directors.      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, 2007 and 2006:  dividend yield   of zero  percent  for all  years;  expected  volatility  of 55.50% and   93.61%; risk-free interest rates of 5.03% and 5.35% and expected lives   of 1.0 and 1.0, respectively.                     Page F-17       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 4 -  OUTSTANDING COMMON STOCK OPTIONS AND STOCK PURCHASE WARRANTS   (Continued)      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, 2007 and   changes  during the years ended December 31, 2007and 2006 is presented   below:      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   =============  ========  =========      Weighted   Weighted   Options     Average    Average   and         Exercise Grant Date   Warrants     Price    Fair Value   -------------- --------  ----------   Outstanding, December 31, 2006    39,822,997  $   0.38  $    0.38   Granted                          13,618,000      0.25       0.25   Expired                          (1,130,000)     0.72       0.72   Exercised                          (740,650)     0.76       0.76   -------------  --------  ---------   Outstanding, December 31, 2007    51,570,347  $   0.36  $    0.36   =============  ========  =========   Exercisable, December 31, 2007    35,925,350  $   0.40  $    0.40   =============  ========  =========                                                   Page F-18       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 4 -  OUTSTANDING COMMON STOCK OPTIONS AND STOCK PURCHASE WARRANTS   (Continued)   Outstanding             Exercisable   ------------------------- --------------------   Weighted   Average   Weighted             Weighted   Number    Remaining  Average   Number     Average   Range of      Outstanding Contractual Exercise Exercisable Exercise   Exercise Prices  at 12/31/07    Life      Price   at 12/31/07 Price   ------------  ----------- ----------- -------- ----------- ---------   $       0.22    6,000,000      17.56  $   0.22  2,000,000  $    0.22   0.25    4,500,000       7.64      0.25  1,125,000       0.25   0.35    4,000,000       6.92      0.35  4,000,000       0.35   0.45   15,000,000       5.00      0.45 15,000,000       0.45   0.25    1,898,850       1.92      0.25  1,898,850       0.25   0.90      753,497       0.72      0.90    358,500       0.90   0.15-1.00    1,300,000       0.70      0.59  1,300,000       0.59   0.32    4,500,000       7.56      0.32  1,125,000       0.32   0.15-0.50    7,618,000       1.06      0.40  7,618,000       0.40   $      0.21    6,000,000       4.56      0.21  1,500,000  $    0.21   ----------                      ----------   51,570,347                      35,925,350   ==========                      ==========      NOTE 5 -  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, 2007, two companies owned for the benefit of the two officers of the Company received cash of $240,000 which was recorded as related party compensation. No bonus was awarded for 2007.  An additional $240,000 was agreed not to be paid, and was record as a contribution to capital during the 2007 fiscal year.   In December 2006, the Company  awarded two 1,000,000  preferred  stock   bonuses to 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 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.      In June  2007,  the  Company  also  issued  6,000,000  options  to its   executive  officers  as part of its  2006  option  plan.  25% of these   options vested upon grant, the balance will be vested at 25% per year.                  Page F-19       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 5 -  RELATED PARTY TRANSACTIONS (Continued)      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 $89,039 as of   December 31, 2007.      Related  party   payables  at  December  31,  2007  consisted  of  the   following:      Officer bonuses              $     78,000   Officer accrued wages             253,766   Cash advances                   1,858,648   ------------   $  2,190,414   ============   Komodo, Inc.   ------------   In 2007 and 2006, the Company was paid shares of Komodo,  Inc.  valued   at $-0- and $244,410,  respectively, for its advertising services. The   shares are held as an investment by the Company.      NOTE 6 -  COMMITMENTS AND CONTINGENCIES      Office Lease   ------------   The  Company  leases  office  space  as  a  part  of a  sublease  on a   month-to-month  basis.  Rent expense for the years ended  December 31,   2007 and 2006 was $163,054 and $131,459,  respectively, which includes   common area maintenance  charges. The sublease is from a related party   who has a commitment through December 2011.      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.      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.                  Page F-20       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 6 -  COMMITMENTS AND CONTINGENCIES (Continued)      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.      NOTE 7 - 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.      NOTE 8 -  INCOME TAXES      At December 31, 2007, the Company had net operating loss carryforwards   of approximately $11,793,389 that may be offset against future taxable   income  from the year  2007  through  2027.  No tax  benefit  has been   reported in the  December  31,  2007  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.      Net  deferred tax assets  consist of the  following  components  as of   December 31, 2007 and 2006:   2007 (Restated)       2006   --------------- ---------------   Deferred tax assets:   NOL carryover             $    5,122,832  $    3,381,747   Contribution carryover             4,678           4,678   Capital loss                      79,759          79,759   Depreciation                       2,284           2,284   Accrued expenses                  34,320          34,320   Deferred tax liabilities:                -               -   Valuation allowance             (5,243,873)     (3,502,788)   --------------  --------------   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, 2007 and 2006 due to the following:                  F-21       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 8 -  INCOME TAXES (Continued)   2007 (Restated)      2006   -------------- --------------   Book Loss                       $ (2,174,789)  $ (1,863,172)   Stock for services/options           564,354      1,795,542   Accrued bonus                              -         30,420   Capital loss                               -         31,252   Impairment of investments            345,468              -   Valuation allowance                1,264,467          5,958   ------------   ------------   $          -   $          -   ============   ============   NOTE  9 - BASIC (LOSS) PER SHARE      Basic (loss) per share is  calculated  by dividing the  Company's  net   loss applicable to common  shareholders by the weighted average number   of common  shares  during the period.  Diluted  earnings  per share is   calculated by dividing the  Company's  net income  available to common   shareholders  by  the  diluted   weighted  average  number  of  shares   outstanding  during the year. The diluted  weighted  average number of   shares outstanding is the basic weighted number of shares adjusted for   any  potentially  dilutive debt or equity.  The Company had 81,570,347   and  68,440,500  in such common stock  equivalents  outstanding  as of   December 31, 2007 and 2006,  respectively.  Common  stock  equivalents   include  convertible  preferred  stock and stock purchase  options and   warrants.      2007 (Restated)     2006   ------------- -------------   Loss (numerator)                              $ (5,723,130) $ (4,736,539)   ------------  ------------   Comprehensive Loss (numerator)                  (5,743,674)   (5,640,199)   ------------  ------------   Shares (denominator)                            48,589,773    35,408,202   ------------  ------------   Per share amount                              $      (0.12) $      (0.13)   ------------  ------------   Per share amount                              $      (0.12) $      (0.16)   ============  ============   NOTE 10 - 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.               F-22    ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006      NOTE 10 - 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.      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 11 -  RESTATED FINANCIAL STATEMENTS      The Company's  financial  statements  for the year ended  December 31,   2007 have been restated to record $885,600 of advertising  revenues as   deferred revenues.  The Company determined that all of the services to   be provided under the terms of the advertising agreements had not been  completed as of December 31, 2007. These advertising agreements called for the Company to provide services over an extended period of time.  The Company has revised its revenue recognition policy so as to appropriately recognize revenues under these contracts as they are earned.  Accordingly the Company is now recording deferred revenue when payments for services are received, and amortizing the deferred revenue on a pro-rata basis over the lives of the contracts.  Therefore, revenues previously recorded for the year ended December 31, 2007 have been deferred to 2008 in these restated financial statements, so as to correspond to when the services were actually performed.  In addition, the financial statements are restated to as to correctly record a $240,000 value for professional services contributed to the Company by a related party, and to properly record other-than-temporary impairments of available-for-sale equity securities of $909,127.     The following summarized financial statements compare of the Company's   original and restated financial statements.   Balance Sheet                                            Original    Restated   Cash                                                 $    153,760  $   153,760   Accounts receivable - trade, net                          28,047       28,047   Prepaid expenses                                             750          750   Marketable securities-available for sale                   5,232        5,232   Marketable securities-available for   sale-related party                                 658,858      658,858   -----------  -----------   Total Current Assets                                   846,647      846,647   -----------  -----------   PROPERTY AND EQUIPMENT, NET                                45,633       45,633   -----------  -----------   OTHER ASSETS   Investments, at cost                                     300,000      300,000   -----------  -----------   Total Other Assets                                     300,000      300,000   -----------  -----------   TOTAL ASSETS                                       $ 1,192,280  $ 1,192,280   ===========  ===========   F-23    ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006         NOTE 11 -  RESTATED FINANCIAL STATEMENTS (CONTINUED)   Original    Restated   CURRENT LIABILITIES   Accounts payable and accrued expenses                $ 2,404,822  $ 2,404,822   Related party payables                                 2,190,414    2,190,414   Deferred revenue                                         244,578    1,130,178   -----------  -----------   Total Current Liabilities                            4,839,814    5,725,414   -----------  -----------   Total Liabilities                                    4,839,814    5,725,414   -----------  -----------   COMMITMENTS   STOCKHOLDERS' (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        4,000   Common stock: $0.001 par value 100,000,000 shares   authorized; 48,589,773 and 40,425,027 shares   issued and outstanding, respectively                     48,590       48,590   Additional paid-in capital                            32,719,057   32,959,057   Stock subscription payable                                28,500       28,500   Accumulated other comprehensive income                (1,647,531)    (738,404)   Accumulated deficit                                  (34,800,150) (36,834,877)   -----------  -----------   Total Stockholders' (Deficit)                       (3,647,534)  (4,533,134)   -----------  -----------   TOTAL LIABILITIES AND STOCKHOLDERS'(DEFICIT)       $ 1,192,280  $ 1,192,280   ===========  ===========            STATEMENT OF OPERATIONS      REVENUE   Subscription revenue                               $ 3,064,459  $ 3,064,459   E-Trax revenue                                          88,846       88,846      Advertising revenue                                  2,811,876    1,926,276   Other revenue                                           13,644       13,644   -----------  -----------   Total Revenue                                      5,978,825    5,093,225   COST OF SALES   Financial content                                    1,727,258    1,727,258   Other cost of sales                                      5,377        5,377   -----------  -----------   Total Cost of Sales                                1,732,635    1,732,635   -----------  -----------   Gross profit                                         4,246,190    3,360,590                           F-24       ALPHATRADE.COM   Notes to the Financial Statements   December 31, 2007 and 2006         NOTE 11 -  RESTATED FINANCIAL STATEMENTS (CONTINUED)      Statement of Operations (Continued)      Original     Restated   -----------  -----------   EXPENSES   Related party compensation                             240,000      480,000   Professional fees                                    1,668,878    1,668,878   Research and development                               439,456      439,456   Marketing expense                                    4,511,673    4,511,673   General and administrative expenses                    818,362      818,362   -----------  -----------   Total Expenses                                     7,678,369    7,918,369   -----------  -----------   LOSS FROM OPERATIONS                                   (3,432,179)  (4,557,779)      OTHER INCOME (EXPENSE)   Interest expense                                      (212,001)    (212,001)   Other-than temporary impairment of   available-for-sale equity securities                        -     (909,127)   Gain (loss) on marketable securities                   (44,223)     (44,223)   -----------  -----------   Total Other Income (Expense)                        (256,224)  (1,165,351)   -----------  -----------   NET LOSS                                               (3,688,403)  (5,723,130)   -----------  -----------   UNREALIZED INCOME/(LOSS) ON AVAILABLE   FOR SALE SECURITIES                                    (929,671)     (20,544)   -----------  -----------   TOTAL COMPREHENSIVE LOSS                              $(4,618,074) $(5,743,674)   ===========  ===========   BASIC AND DILUTED NET LOSS PER SHARE   Net loss per share                                 $     (0.08)  $    (0.12)   ===========  ===========   Comprehensive loss per share                       $     (0.10)  $    (0.12)   ===========  ===========   WEIGHTED AVERAGE NUMBER OF SHARES   OUTSTANDING                                           48,589,773   48,589,773   ===========  ===========                                             F-25       ITEM 15.  EXHIBITS      The following financial  statements for  AlphaTrade.com.  are filed as a part of   this report:      For the Years Ended December 31, 2007 and 2006                         Page   ----------------------------------------------                         ----      Report of Independent Registered  Certified Public Accounting Firm       F-2      Balance Sheets as of December 31, 2007 and December 31, 2006             F-3      Statements of Operations for the years ended December 31, 2007 and   December 31, 2006                                                 F-4      Statement  of  Changes  in Stockholders'  Equity  (Deficit) for the   years  ended  December  31,  2007 and December 31, 2006           F-5      Statements of Cash Flows for the years ended December 31, 2007  and   December 31, 2006                                                 F-7   Notes to Financial Statements                                            F-8      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.                                                                                                            38       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.                  39       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 21, 2010                     /s/ Gordon J. Muir                                                   ----------------------------                                                   Its: CEO/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 Executive Officer and Director      April 21, 2010   ------------------   Gordon J. Muir      /s/ Katharine Johnston  Vice President - Business Operations,     April 21, 2010   ----------------------  Principal Financial Officer and Director   Katharine Johnston      /s/ Lisa McVeigh        Director                                  April 21, 2010   ----------------------   Lisa McVeigh                                                                  40


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