Annual report pursuant to Section 13 and 15(d)

STATEMENT OF STOCKHOLDERS' EQUITY

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STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Total
Common Stock Shares
Common Stock Amount
Common Stock Subscribed
Additional Paid-in Capital
Retained earnings (deficit)
Balance, value at Dec. 31, 2009 $ (18,124)    $ 37,000       $ (55,124)
Balance, shares at Dec. 31, 2009    37,000,000            
Net Loss (154,590)             (154,590)
Donated capital             
Balance, value at Dec. 31, 2010 (172,714)    37,000       (209,714)
Balance, shares at Dec. 31, 2010    37,000,000            
Net Loss (408,967)             (408,967)
Common stock issued in connection with the share exchange transaction and effect of recapitalization, value 81,367    75,470 100,000    (94,103)
Common stock issued in connection with the share exchange transaction and effect of recapitalization, shares    75,469,688            
Donated capital 19,414          19,414   
Common stock issued in settlement of acquired license, value at Dec. 31, 2011 3,970,575    5,672    3,964,903   
Balance, value at Dec. 31, 2011 $ 3,489,675    $ 118,142 $ 100,000 $ 3,964,317 $ (712,784)
Common stock issued in settlement of acquired license, shares at Dec. 31, 2011    5,672,250            
Balance, shares at Dec. 31, 2011    118,141,938