Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Stockholders' Equity

v2.4.0.6
Consolidated Statement of Stockholders' Equity (USD $)
Common Stock
Additional Paid-In Capital
Share Subscriptions Received
Other Comprehensive Income / Loss
Deficit Accumulated During the Development Stage
Total
Beginning Balance, Amount at Aug. 04, 2010            
Issuance of founders' shares, Amount                  
Issuance of founders' shares, Shares 1          
Common stock issued for cash, Amount 2,334 1,787,104          1,789,438
Common stock issued for cash, Shares 2,333,720          
Common stock issued for services, Amount 4,105 793,537          797,642
Common stock issued for services, Shares 4,105,045          
Common stock issued in advance of services, Amount 350 349,650          350,000
Common stock issued in advance of services, Shares 350,000          
Recapitalization pursuant to reverse merger, Amount 1,212 (2,162)          (950)
Recapitalization pursuant to reverse merger, Shares 1,212,000          
Stock issued to settle debt, Amount 645 1,169,298          1,169,943
Stock issued to settle debt, Shares 644,886          
Relative fair value of warrants attached to common stock issued   73,791          73,791
Employee stock options granted for services   16,507          16,507
Warrants granted for services   390,529          390,529
Foreign currency translation income/loss         4,638    4,638
Net loss         (3,502,583) (3,502,583)
Ending Balance, Amount at Dec. 31, 2011 8,646 4,578,254    4,638 (3,502,583) 1,088,955
Ending Balance, Shares at Dec. 31, 2011 8,645,652          
Common stock issued for cash, Amount 1,428 2,574,947          2,576,375
Common stock issued for cash, Shares 1,427,604          
Common stock issued for services, Amount 118 206,910          207,028
Common stock issued for services, Shares 118,306          
Employee stock options granted for services   858,413          858,413
Warrants granted for services   224,988          224,988
Foreign currency translation income/loss         (38,914)    (38,914)
Net loss         (4,083,050) (4,083,050)
Ending Balance, Amount at Dec. 31, 2012 $ 10,192 $ 8,443,512    $ (34,276) $ (7,585,633) $ 833,795
Ending Balance, Shares at Dec. 31, 2012 10,191,562