Exhibit 99.1

CASE NAME: IdentiPHI, Inc.

CASE NUMBER: 09-10349-CAG

COMPARATIVE BALANCE SHEETS

	FILING DATE* (2/11/09)		2/28/2009
ASSETS
CURRENT ASSETS
Cash		47,216.98		76,504.84
Accounts Receivable, gross*		159,328.55		161,100.36
Inventory: Lower of Cost or Market		49,216.79		47,133.13
Prepaid Expenses (Deposits)		42,707.81		42,707.81
Investments		0.00		0.00
Other		2,908,657.16		2,785,087.89
TOTAL CURRENT ASSETS		3,207,127.29		3,112,534.03
PROPERTY, PLANT & EQUIP. @ COST		101,763.98		90,563.77
Less Accumulated Depreciation		60,897.81		54,285.18
NET BOOK VALUE OF PP & E		40,866.17		36,278.59
OTHER ASSETS
1. Tax Deposits		0.00		0.00
2. Investments in Subsidiaries		0.00		0.00
3. Electric Deposit		0.00		0.00
4.
TOTAL ASSETS	$	3,247,993.46	$	3,148,812.62

* Per Schedules and Statement of Affairs

MOR-2

The following assets were excluded as they were not included on the Statement of Affairs:

	2/11/2009	2/28/2009
Prepaid Expenses (Other)	85,057.96	65,421.25
Other receivable	—	1.21
Goodwill	2,819,565.42	2,819,565.42
Deferred Cost of Sales	31,897.48	31,897.48
	—	—
	2,936,520.86	2,916,885.36

* Gross AR, excludes allowance for doubtful accounts of $40,051.00

CASE NAME: IdentiPHI, Inc.

CASE NUMBER: 09-10349-CAG

COMPARATIVE BALANCE SHEETS

	FILING DATE* (2/11/09)		02/28/09
LIABILITIES & OWNER’S EQUITY
LIABILITIES
POST-PETITION LIABILITIES(MOR-4)				48,895.77
PRE-PETITION LIABILITIES
Notes Payable - Secured		2,233,940.25		2,233,940.25
Priority Debt		1,677.94		6,468.63
Federal Income Tax		0.00		0.00
FICA/Withholding		36,623.44		36,623.44
Unsecured Debt		2,751,178.03		2,754,324.87
Other		0.00		0.00
TOTAL PRE-PETITION LIABILITIES		5,023,419.66		5,031,357.19
TOTAL LIABILITIES		5,023,419.66		5,080,252.96
OWNER’S EQUITY (DEFICIT)
PREFERRED STOCK		0.00		0.00
COMMON STOCK		600,975.05		600,975.05
ADDITIONAL PAID-IN CAPITAL		12,436,554.47		12,436,554.47
RETAINED EARNINGS: Filing Date		-12,287,100.16		-12,536,471.12
RETAINED EARNINGS: Post Filing Date				-249,370.96
TOTAL OWNER’S EQUITY (NET WORTH)		750,429.36		251,687.44
TOTAL LIABILITIES & OWNERS EQUITY	$	5,773,849.02	$	5,331,940.40

* Per Schedules and Statement of Affairs

MOR-3

CASE NAME: IdentiPHI, Inc.

CASE NUMBER: 09-10349-CAG

SCHEDULE OF POST-PETITION LIABILITIES

	02/28/09
TRADE ACCOUNTS PAYABLE
TAX PAYABLE
Federal Payroll Taxes		24,100.88
State Payroll Taxes		1,705.56
Ad Valorem Taxes		0.00
Other Taxes		2,000.00
TOTAL TAXES PAYABLE		27,806.44
SECURED DEBT POST-PETITION		0.00
ACCRUED INTEREST PAYABLE		2,443.84
ACCRUED PROFESSIONAL FEES*		10,783.96
OTHER ACCRUED LIABILITIES
1. Post-petition trade payables		7,861.53
2.
3.
TOTAL POST-PETITION LIABILITIES (MOR-3)	$	48,895.77

* Payment requires Court Approval

MOR-4

CASE NAME: IdentiPHI, Inc.

CASE NUMBER: 09-10349-CAG

AGING OF POST-PETITION LIABILITIES

MONTH February-09

DAYS	TOTAL		TRADE ACCOUNTS		PROFESSIONAL FEES		ACCRUED INTEREST		FEDERAL TAXES		STATE TAXES		AD VALOREM, OTHER TAXES
0-30		48,895.77		7,861.53		10,783.96		2,443.84		24,100.88		1,705.56		2,000.00
31-60		0.00		0.00		0.00		0.00		0.00		0.00		0.00
61-90		0.00		0.00		0.00		0.00		0.00		0.00		0.00
91+		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TOTAL	$	48,895.77	$	7,861.53	$	10,783.96	$	2,443.84	$	24,100.88	$	1,705.56	$	2,000.00

AGING OF ACCOUNTS RECEIVABLE

Feb-09
0-30 DAYS		18,660.21
31-60 DAYS		91,269.89
61-90 DAYS		3,781.31
91+ DAYS		47,388.95
TOTAL*	$	161,100.36

MOR-5

* Gross AR, excludes allowance for doubtful accounts of $40,051.00

CASE NAME: IdentiPHI, Inc.

CASE NUMBER: 09-10349-CAG

STATEMENT OF INCOME (LOSS)

	(2/12/09-2/28/09)		FILING TO DATE
REVENUES (MOR-1)	15,781.17		15,781.17
TOTAL COST OF REVENUES	3,572.43		3,572.43
GROSS PROFIT	12,208.74		12,208.74
OPERATING EXPENSES:
Selling & Marketing	16,639.86		16,639.86
General & Administrative	37,545.88		37,545.88
Research & Development	15,019.53		15,019.53
Insiders Compensation	47,214.43		47,214.43
Professional Fees	16,744.56		16,744.56
Other	0.00		0.00
Other	0.00		0.00
TOTAL OPERATING EXPENSES	133,164.26		133,164.26
INCOME BEFORE INT, DEPR/TAX (MOR-1)	-120,955.52		-120,955.52
INTEREST EXPENSE	2,443.84		2,443.84
DEPRECIATION	2,276.04		2,276.04
OTHER (INCOME) EXPENSE*	312.23		312.23
OTHER ITEMS**	123,383.33		123,383.33
TOTAL INT, DEPR & OTHER ITEMS	128,415.44		128,415.44
NET INCOME BEFORE TAXES	-249,370.96		-249,370.96
FEDERAL INCOME TAXES			0.00
NET INCOME (LOSS) (MOR-1)	($249,370.96	)	($8,249,370.96	)

Accrual Accounting Required, Otherwise Footnote with Explanation.

* Footnote Mandatory.

** Unusual and/or infrequent item(s) outside the ordinary course of business requires footnote.

MOR-6

* Other Items

• AP/GL conversion loss on Bank of Montreal account

• Interest received from Chase Bank (Account # 2331473831

Net

** Non-cash amortization of intangible assets related to merger with Saflink Corporation in Feb-2008.

CASE NAME: IdentiPHI, Inc.

CASE NUMBER: 09-10349-CAG

	Feb-09		FILING TO DATE
CASH RECEIPTS AND DISBURSEMENTS
1. CASH-BEGINNING OF MONTH (2/11/09)	$	24,900.44	$	24,900.44
RECEIPTS:
2. CASH SALES		0.00		0.00
3. COLLECTION OF ACCOUNTS RECEIVABLE		0.00		0.00
4. LOANS & ADVANCES (attach list)		150,000.00		150,000.00
5. SALE OF ASSETS		0.00		0.00
6. OTHER (attach list)		0.07		0.07
TOTAL RECEIPTS**		150,000.07		150,000.07
(Withdrawal) Contribution by Individual Debtor MFR-2*		0.00		0.00
DISBURSEMENTS:
7. NET PAYROLL		58,912.81		58,912.81
8. PAYROLL TAXES PAID		0.00		0.00
9. SALES, USE & OTHER TAXES PAID		0.00		0.00
10. SECURED/RENTAL/LEASES		13,515.64		13,515.64
11. UTILITIES & TELEPHONE		3,842.02		3,842.02
12. INSURANCE		20,657.15		20,657.15
13. INVENTORY PURCHASES		0.00		0.00
14. VEHICLE EXPENSES		0.00		0.00
15. TRAVEL & ENTERTAINMENT		0.00		0.00
16. REPAIRS, MAINTENANCE & SUPPLIES		0.00		0.00
17. ADMINISTRATIVE & SELLING		0.00		0.00
18. OTHER (attach list)		1,468.05		1,468.05
TOTAL DISBURSEMENTS FROM OPERATIONS		98,395.67		98,395.67
19. PROFESSIONAL FEES		0.00		0.00
20. U.S. TRUSTEE FEES		0.00		0.00
21. OTHER REORGANIZATION EXPENSES (attach list)		0.00		0.00
TOTAL DISBURSEMENTS**		98,395.67		98,395.67
22. NET CASH FLOW		51,604.40		51,604.40
23. CASH - END OF MONTH (MOR-2)	$	76,504.84	$	76,504.84

* Applies to Individual debtors only

** Numbers for the current month should balance (match) Revised 07/01/98

RECEIPTS and CHECKS/OTHER DISBURSEMENTS lines on MOR-8

MOR-7

18. OTHER

Unposted bank fees for Bank of Montreal in addition conversion difference between actual and GL 1468.05

CASE NAME: IdentiPHI, Inc.

CASE NUMBER: 09-10349-CAG

CASH ACCOUNT RECONCILIATION

MONTH OF Feb-09

BANK NAME	Chase Bank		Bank of Montreal		Wells Fargo		Key Bank		Chase Bank		Key Bank
ACCOUNT NUMBER		# 813473535		# 0010 1249-155		# 145-6445285		# 479081024362		# 2331473831		# 40-20-423-0707500
ACCOUNT TYPE		US DIP ACCOUNT		CAD DIP ACCOUNT		OPERATING		OPERATING		MONEY MARKET		INVESTMENT		TOTAL
BANK BALANCE		89,699.12		14,819.85		6,875.38		1,355.74		181.15		3,537.87	$	116,469.11
DEPOSITS IN TRANSIT		0.00		0.00		0.00		0.00		0.00		0.00	$	0.00
OUTSTANDING CHECKS		39,742.73				0.00		0.00		0.00		0.00	$	39,742.73
ADJUSTED BANK BALANCE	$	49,956.39	$	14,819.85	$	6,875.38	$	1,355.74	$	181.15	$	3,537.87	$	76,726.38
BEGINNING CASH - PER BOOKS		0.00		879.43		17,235.99		3,054.07		193.08		3,537.87	$	24,900.44
RECEIPTS*		150,000.00		0.00		0.00		0.00		0.07		0.00	$	150,000.07
TRANSFERS BETWEEN ACCOUNTS		-12,327.43		22,327.43		-10,000.00		0.00		0.00		0.00	$	0.00
(WITHDRAWAL) OR INDIVIDUAL CONTRIBUTION BY DEBTOR MFR-2		0.00		0.00		0.00		0.00		0.00		0.00	$	0.00
CHECKS/OTHER DISBURSEMENTS*		87,716.18		8,608.55		360.61		1,698.33		12.00		0.00	$	98,395.67
ENDING CASH - PER BOOKS	$	49,956.39	$	14,598.31	$	6,875.38	$	1,355.74	$	181.15	$	3,537.87	$	76,504.84

* Numbers should balance (match) TOTAL RECEIPTS and TOTAL DISBURSEMENTS lines on MOR-7

MOR-8

Note:

The company requested to have accounts closes as of 2/11/09. Account balances exist as of 2/28/09 because the banks were waiting for final fees to come out. All bank accounts were closed in early March and funds were transferred to the Chase Bank Debtor-in possession account # 813473535.

CASE NAME: IdentiPHI, Inc.

CASE NUMBER: 09-10349-CAG

PAYMENTS TO INSIDERS AND PROFESSIONALS

Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.

Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).

INSIDERS: NAME/COMP TYPE	2/12/09-2/28/09
1. Brian Wilchusky (Salary)		3,706.85
2. Carter Marantette (Salary)		5,347.56
3. Chris Collier (Salary)		4,277.86
4. Christer Bergman (Salary)		6,615.03
5. Jeff Dick (Salary)		7,792.98
6. Mark Norwalk (Salary)		5,585.11
TOTAL INSIDERS (MOR-1)	$	33,325.39
PROFESSIONALS	MONTH
1. None
2.
3.
4.
5.
6.
TOTAL PROFESSIONALS (MOR-1)	$	0.00

MOR-9