FLORHAM CONSULTING CORP - FORM 8-K/A - EX-99.8

EDUCATIONAL TRAINING INSTITUTE INC.

BALANCE SHEET

SEPTEMBER 30, 2010

ASSETS

Current Assets
Cash	$	13,029
Student tuition receivable, net of allowance for uncollectables of $1,014		201,826
Prepaid insurance		2,174
Deferred corporate income tax		544
Total current assets		217,573

Machinery, Equipment and Leasehold Improvements, at cost, net of accumulated depreciation of $17,706		6,896

Other Assets
Security deposits		8,600

Total assets	$	233,069

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Accounts payable and accrued expenses	$	57,924
Corporate income tax payable		31,476
Bank loan payable		18,928
Related party payable		16,940
Deferred tuition revenue		167,390
Total current liabilities		292,658

Stockholders' Equity
Common stock - no par value; 200 shares authorized; 100 shares issued and outstanding		2,500
Retained earnings (deficit)		(62,089	)
Total stockholders' equity (deficiency)		(59,589	)

Total liabilities and stockholders' equity	$	233,069

EDUCATIONAL TRAININNG INSTITUTE INC.

STATEMENT OF INCOME

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2010

Revenues
Tuition and student fees	$	185,173
Management fees		663,766
Total revenues		848,939

Operating Costs and Expenses
Student instructional costs		77,827
Recruitment costs		2,030
Occupancy costs		62,440
General and administrative expenses		478,399
Total operating costs and expenses		620,696

Operating income before interest and depreciation		228,243

Interest expense, net		3,293

Income before depreciation		224,950

Depreciation expense		547

Income before income taxes		224,403

Corporate income tax (benefit)		(2,121	)

Net income	$	226,524

STATEMENT OF STOCKHOLDERS' EQUITY

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2010

	Common Stock				Retained			Total
	Issued				Earnings			Stockholders'
	Shares		Amount		(Deficit)			Equity

Beginning balance - December 31, 2009		100	$	2,500	$	(218,841	)	$	(216,341	)

Net income for the nine months ended September 30, 2010						226,524			226,524

Distribution of S Corp income						(69,772	)		(69,772	)

Ending balance - September 30, 2010		100	$	2,500	$	(62,089	)	$	(59,589	)

EDUCATIONAL TRAINING INSTITUTE INC.

STATEMENT OF CASH FLOWS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2010

Cash Flows from Operating Activities
Net income	$	226,524
Noncash items included in net income:
Depreciation expense		547
		227,071

Changes in operating assets and liabilities
Decrease (increase) in assets:
Student tuition receivable		(165,909	)
Prepaid insurance		(2,174	)
Deferred corporate income tax		3,250
Increase (decrease) in liabilities:
Accounts payable		(33,435	)
Accrued expenses payable		(45,926	)
Corporate income tax payable		(6,371	)
Deferred tuition revenue		123,715
		(126,850	)

Net cash provided by operating activities		100,221

Cash Flows from Investing Activities:		0

Cash Flows from Financing Activities:
Decrease in bank loan payable		(7,528	)
Increase in payables to related company		(10,960	)
Distribution of S Corp income to stockholders		(69,772	)

Net increase in cash		11,961

Cash - December 31, 2009		1,068

Cash - September 30, 2010	$	13,029

Supplemental disclosure of cash flow information:
Cash paid during the nine months for interest	$	3,293
Cash paid during the nine months for income taxes	$	1,000

FLORHAM CONSULTING CORP - FORM 8-K/A - EX-99.8 - February 16, 2011