Annual report pursuant to section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current Assets    
Cash $ 800 $ 9,444
Total Current Assets 800 9,444
Property Plant and Equipment, net 65,301 0
Investment in equity securities 12,000 0
Intangible Assets 0 984,127
Total Assets 78,101 993,571
Current Liabilities    
Accounts payable and accrued expenses 1,516,600 275,798
Current portion - notes payable license fee 0 240,000
Notes payable- current portion 236,000 175,000
Total Current Liabilities 1,752,600 690,798
Acquisition payable 155,000 0
Note payable - less current portion 51,656 0
Note payable - license fee, less current portion 0 750,000
Total Liabilities 1,959,256 1,440,798
Shareholders' Deficit    
Common stock, 0.001 par value, 53,692,673 and 38,312,812 shares issued and outstanding 5,370 3,832
Additional paid-in capital 554,062 74,977
Accumulated deficit (2,440,587) (526,036)
Total Shareholders' Deficit (1,881,155) (447,227)
Total Liabilities and Shareholders' Deficit $ 78,101 $ 993,571