Exhibit 2
CVF Technologies Corporation
SRE Controls
Working Trial Balance
March 31, 2004
			SRE						SRE	Adj to minority position
Quarter Ended			03/31/04		Dr		CR		Adjusted	Dr	CR	Adjusted
Ownership %			37%						Balance	As of 3/25/04 (see attached)		Balance
ASSETS:
	Cash	$	406,348					$	406,348		(406,348)	0
	Accounts receivable		317,732			5)	(40,000)		277,732		(277,732)	0
	Notes Receivable					3)	(1,751,000)		(1,751,000)			(1,751,000)
	Inventories		633,350						633,350		(633,350)	0
	Investment tax credits		43,600			5)	(15,781)		27,819		(27,819)	0
	Prepaid expenses and deposits		53,325						53,325		(53,325)	0
	Investments - equity & debt		1,723	6)	75,000	1)	(4,203,228)
									(4,126,505)			(4,126,505)
	Goodwill			1)	833,836
									833,836		(833,836)	0
	Accumulated amortization - goodwill					1)	(587,943)
									(587,943)	587,943		0
	Fixed assets - cost		427,610						427,610		(427,610)	0
	Fixed assets - accum. Depr.		(355,836)						(355,836)	355,836		0
			1,527,852						(4,161,264)	943,779	(2,660,020)	(5,877,505)
LIABILITIES AND EQUITY
	Accounts payable trade		(1,194,683)			2)	(45,500)		(1,240,183)	1,240,183		0
	Due to officers & other parties								0
	Minority Interest								0
	Notes payable		(680,000)			2)	(840,000)		(1,520,000)	1,520,000		0
	Notes payable- CVF		0	3)	1,751,000	2)	(1,751,000)		0			0
	Interest payable - CVF		0	4)	46,090				55,402		(55,402)	0
				1)	174,266	2)	(164,954)
	Bank Indebtedness								0			0
	Preferred stock								0			0
	Treasury								0			0
	Common stock								0			0
	Additional paid-in capital		(8,544,170)	1)	5,742,716				0			0
				2)	2,801,454
	Retained earnings		8,518,347	1)	4,206,681	1)	(6,166,328)
				5)	86,081	6)	(75,000)
				7)	473	5)	(30,300)		6,551,507			6,551,507
				8)	7,015	9)	(9,211)
				9)	13,749
	Current year (Income) loss		372,654		9,211		(67,327)		314,538	95,510	(1,084,050)	(674,002)
		$	(1,527,852)		15,747,572		(15,747,572)	$	4,161,264	2,855,693	(6,459,492)	5,877,505

CVF Technologies Corporation
SRE Controls
Working Trial Balance
March 31, 2004
Name of Entity			SRE						SRE	Adj to minority position
Quarter Ended			03/31/04		Dr		CR		Adjusted	Dr	CR	Adjusted
Ownership %			37%						Balance	As of 3/25/04 (see attached)		Balance
REVENUES:
	Sales	$	(607,799)			8)	(7,015)	$	(628,563)	95,510		(533,053)
						9)	(13,749)
	Leasing income								0
	Rental income								0
	Miscellaneous income								0
EXPENSES:
	COGS		435,451	9)	9,211				444,662		(67,544)	377,118
	Admin expenses		222,573
									222,573		(17,383)	205,190
	Advertising								0
	Amortization - Goodwill								0
	Amortization - Technology rights								0
	Bad debts		0						0
	Bank charges		3,302						3,302		(258)	3,044
	Business taxes								0
	Consulting								0
	Commission expense (SH's)								0
	Depreciation		9,000						9,000		(703)	8,297
	Fianancing fees								0
	Grants								0
	Insurance								0
	Interest expense		57,579			4)	(46,090)		11,489		(897)	10,592
	Legal fees								0
	Meals								0
	Miscellaneous					7)	(473)		(473)		37	(436)
	Lab supplies								0
	Office lease - equipment								0
	Office supplies								0
	Provincial taxes								0
	Relocation expense								0
	Rent								0
	Repairs & maintenance								0
	Research & development		125,856						125,856		(9,829)	116,027
	Sales and marketing		104,850						104,850		(8,189)	96,661
	Telephone								0
	Trade shows								0
	Travel & Entertainment								0
	Tax Credits								0
	Utilities								0
	Wages								0
	Technology transfer								0
	Foreign exchange (gain)		21,842						21,842		(1,706)	20,136
	Loss on capital transactions								0
	Minority Interest								0
	CVF - gain on disposition		0						0		(977,578)	(977,578)
NET (INCOME) LOSS		$	372,654		9,211		(67,327)	$	314,538	95,510	(1,084,050)	(674,002)
			0