Kelso Technologies Inc.
Consolidated Statements of Operations and Comprehensive Loss
For the four months ended December 31, 2012 and December 31, 2011
(Expressed in US Dollars)

		Four months		Four months
		ended		ended
		December 31,		December 31,
		2012		2011
		(Audited)		(Unaudited)
Revenues	$	2,830,778	$	263,382
Cost of Goods Sold		1,937,607		186,259
Gross Profit		893,171		77,123
Expenses
Management fees		146,727		127,641
Consulting and investor relations		74,083		80,607
Marketing		114,845		47,432
Research		36,802		59,008
Administrative salaries		58,876		75,477
Office and general		32,381		51,151
Rent		29,406		36,129
Travel		41,006		28,787
Accounting and legal		66,414		28,449
Foreign exchange loss (gain)		2,282		58,524
Share-based payments		167,656		48,609
Insurance		81,724		5,424
Automobile		6,164		7,114
License fees		11,413		2,479
Telephone		5,401		5,849
Bank charges		5,995		4,770
Gain on settlement of debt		-		(14,764	)
Amortization of equipment and patent		1,008		10,817
		882,183		663,503
Net Loss and Comprehensive Gain (Loss) for the Period	$	10,988	$	(586,380	)
Basic and Diluted Exercise (Loss) Per Share	$	0.00	$	(0.02	)
Weighted Average Number of Common Shares Outstanding		38,562,337		33,049,529