v2.4.0.6

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		20 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013
Revenue	$ 0	$ 0	$ 0
Operating Expenses
Research and development expenses	65,344	22,500	491,594
Merger expenses	0	0	415,000
General and administrative expenses	263,075	444,879	2,110,514
Total Operating Expenses	328,419	467,379	3,017,108
Change in fair value of derivative liabilities	487,285	23,200	420,784
Interest expense	(5,821)	0	(5,821)
Net Income (Loss)	153,045	(444,179)	(2,602,145)
Dividends to Preferred Stockholders	(63,790)	(44,000)	(262,222)
Net Income (Loss) Attributable to Common Stockholders	$ 89,255	$ (488,179)	$ (2,864,367)
Basic and Diluted Net Income (Loss) per Share (in dollars per share)	$ 0.01	$ (0.03)
Weighted Average Number of Shares Outstanding - basic and diluted (in shares)	16,230,222	16,150,000

Net Increase or Decrease in the fair value of the derivative or group of derivatives included in earnings.

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