Have you had the float bowl off ? If not, the best way I know is to take the bowl off and let the float down - the needle valve should come out of the main jet (I am NOT familiar with this carb. so probably someone else knows more about it). It just sounds to me like you are not getting fuel thru the carb. into the cylinders. If you are sure the intake and exhaust vlaves are opening and closing and you get spark -- it seems like it has to be fuel.
Thanks for your suggestions Mr.Brown, I will pull the carb in the morning and open it up and see what I find. I will update tomorrow.