Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF STOCKHOLDER'S EQUITY (DEFICIT)

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STATEMENTS OF STOCKHOLDER'S EQUITY (DEFICIT) (USD $)
Common Stock
Common Stock, Subscribed
Additional Paid in Capital
Retained Earnings (deficit)
Total
Balance, Value at Dec. 31, 2010 $ 37,000     $ (209,714) $ (172,714)
Balance, Shares at Dec. 31, 2010 37,000,000        
Common stock issued in connection with the share exchange transaction and effect of recapitalization, Value 75,470 100,000   (94,103) 81,367
Common stock issued in connection with the share exchange transaction and effect of recapitalization, Shares 75,469,688        
Common stock issued in settlement of acquired license, Value 5,672   3,964,903   3,970,575
Common stock issued in settlement of acquired license, Shares 5,672,250        
Donated capital     19,414   19,414
NET LOSS       (408,967) (408,967)
Balance, Value at Dec. 31, 2011 118,142 100,000 3,984,317 (712,784) 3,489,675
Balance, Shares at Dec. 31, 2011 118,141,938        
Common stock re-acquired and canceled, net with fees and related costs, Value (24,000)   (51,000)   (75,000)
Common stock re-acquired and canceled, net with fees and related costs, Shares 24,000,000        
Common stock issued in connection with notes payable, Value 1,400   35,700   37,100
Common stock issued in connection with notes payable, Shares 1,400,000        
Common stock issued for services rendered, Value 4,507   109,825   114,332
Common stock issued for services rendered, Shares 4,506,563        
Stock based compensation     37,228   37,228
Fair value of vested employee options     107,588   107,588
Common stock issued in settlement of interest, Value 720   11,100   11,820
Common stock issued in settlement of interest, Shares 720,000        
NET LOSS       (885,807) (885,807)
Balance, Value at Dec. 31, 2012 $ 100,769 $ 100,000 $ 4,234,758 $ (1,598,591) $ 2,836,936
Balance, Shares at Dec. 31, 2012 100,768,501