Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

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Statements of Cash Flows (USD $)
 11 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2012
Cash flows from operating activities:    
Net (loss) $ (377,410) $ (809,540)
Adjustments to reconcile net (loss) to net cash provided by operating activities    
Realized loss on trading securities    2,753
Unrealized loss on trading securities 3,750 32,000
Common stock issued for services rendered including amortization of prepaids 0 164,000
Stock received for consulting services (75,000)   
Fair value of stock options issued to Directors 195,615 181,646
Accounts payable and ccrued expenses 77,959 210,841
Accounts payable related party 43,818 90,835
Deferred revenue (50,000)   
Net cash (used in) operating activities: (181,267) (127,465)
Proceeds from sale of trading securities    17,247
Net cash used provided by investing activities    17,247
Cash flow from financing activities:    
Proceeds from issuance of common stock 300,070   
Officer loan      
Net cash provided by financing activities 300,070   
Net increase (decrease) in cash and cash equivalents 118,803 (110,238)
Cash and cash equivalents beginning of period    118,803
Cash and cash equivalents end of period 118,803 8,585
Non-cash financing activities:    
Stock options issued as part of stock dividend 1,165,563   
Common stock issued for accrued expenses    14,813
Common stock issued for prepaid compensation 0 228,000
Cash paid during the period for:    
Interest      
Income taxes