Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Common Stock
Common Stock, Subscribed
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning balance, amount at Dec. 31, 2011 $ 118,142 $ 100,000 $ 3,984,317 $ (712,784) $ 3,489,675
Beginning balance, shares at Dec. 31, 2011 118,141,938        
Common stock re-acquired and canceled, net with fees and related costs, amount (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 for services rendered, amount 4,507    109,825    114,332
Common stock issued for services rendered, shares 4,506,563        
Common stock issued in connection with notes payable, amount 1,400    35,700    37,100
Common stock issued in connection with notes payable, shares 1,400,000        
Common stock issued in settlement of interest, amount 720    11,100    11,820
Common stock issued in settlement of interest, shares 720,000        
Stock based compensation       37,228    37,228
Fair value of vested options       107,588    107,588
Net loss          (885,807) (885,807)
Ending balance, amount at Dec. 31, 2012 100,769 100,000 4,234,758 (1,598,591) 2,836,936
Ending balance, shares at Dec. 31, 2012 100,768,501        
Common stock issued for services rendered, amount 15,800    223,048    238,848
Common stock issued for services rendered, shares 15,800,000        
Common stock issued in connection with notes payable, amount 1,675   66,481    68,156
Common stock issued in connection with notes payable, shares 1,675,000        
Stock based compensation       187,600    187,600
Fair value of vested options       539,638    539,638
Common stock issued in connection with the exercise of options, amount 9,000    126,000    135,000
Common stock issued in connection with the exercise of options, shares 9,000,000        
Common stock issued in legal settlement, amount 100    2,900    3,000
Common stock issued in legal settlement, shares 100,000        
Common stock issuable in connection with note payable       52,138    52,138
Net loss          (3,838,522) (3,838,522)
Ending balance, amount at Dec. 31, 2013 $ 127,344 $ 100,000 $ 5,432,563 $ (5,437,113) $ 222,794
Ending balance, shares at Dec. 31, 2013 127,343,501