Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Equity

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Consolidated Statements of Changes in Stockholders' Equity (USD $)
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning balance, Value at Dec. 31, 2010 $ 21,000 $ 95,967 $ (706,167) $ (589,200)
Beginning balance, Shares at Dec. 31, 2010 21,000,000      
Effect of reverse merger, shares 46,029,396      
Effect of reverse merger, value 46,029 1,953,971   2,000,000
Shares issued to consultant, shares 500,000      
Shares issued to consultant, value 500 1,949,500   1,950,000
Shares issued for liquidated damages, shares 13,914      
Shares issued for liquidated damages, value 14 6,943   6,957
Proceeds from sale of common stock, shares 955,000      
Proceeds from sale of common stock, value 955 704,045   705,000
Shares issued to extend maturity date of convertible notes payable, shares 112,500      
Shares issued to extend maturity date of convertible notes payable, value 113 56,137   56,250
Shares issued upon conversion of convertible notes payable, shares 1,018,356      
Shares issued upon conversion of convertible notes payable, value 1,018 508,160   509,178
Shares cancelled to consultant, shares (500,000)      
Shares cancelled to consultant, value (500) (1,949,500)   (1,950,000)
Cancellation of ISR shares, shares (13,948,000)      
Cancellation of ISR shares, value (13,948) 13,948     
Net loss for year     (5,457,310) (5,457,310)
Ending balance, Value at Dec. 31, 2011 55,181 3,339,171 (6,163,477) (2,769,125)
Ending balance, Shares at Dec. 31, 2011 55,181,166      
Proceeds from sale of common stock, shares 1,755,000      
Proceeds from sale of common stock, value 1,755 648,245   650,000
Shares issued upon cashless exercise of warrants, shares 12,856,803      
Shares issued upon cashless exercise of warrants, value 12,857 6,490,545   6,503,402
Cancellation of founder's shares, shares (6,650,000)      
Cancellation of founder's shares, value (6,650) 6,650     
Net loss for year     (7,964,602) (7,964,602)
Ending balance, Value at Dec. 31, 2012 $ 63,143 $ 10,484,611 $ (14,128,079) $ (3,580,325)
Ending balance, Shares at Dec. 31, 2012 63,142,969