Tried unequip my items just to try, and defence become -77 & m defence to -38. Wow that some huge nerf from my lv 1 stats compare to lv 3. Yup, not worth doing guild quest until fix.
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A problem indeed. First, please make sure you're running one of the recent versions (I was aware of similar problems and tried to correct them in 0.2.2, and the 0.2.3 update should have fully corrected this problem... Not that it's impossible for a different problem to cause a similar effect).
There were some problems like this in the level up screen (magic attack is still bugged in the most recent version, but there are no magic attacks for the player right now so it wasn't my top priority). Most of them should be corrected in the most recent free version, and the donation copy should be fully corrected to calculate start changes without the equipment effects making everything strange. That said, the game does a full stat recalculation every time you sleep (in your bed, sleeping elsewhere does not recalculate), so any strangeness you see with stats should be corrected when you wake up. So, if all else fails, unequip everything (even if the values turn weird), go to sleep, then reequip in the morning for a full stat reset (the only thing that could potentially still be glitched is if you somehow started off with a level of zero, but this shouldn't be possible. In the event that it still doesn't work correctly, the game does a full system reset at rebirth, which brings almost all flags and values back to default and corrects most of the problems people have with titles and experience points problems). The most recent released version of the game corrects for these things automatically, while the version I'm working on now has an option to manually reset the most troublesome values to help people avoid needless restarts.
Sorry for the inconveniences, but I hope you're enjoying what I have finished so far.