UNITEDTable STATESof Contents

Stalar 3,Table Inc. ("we", "us", "our", the "Company" or the "Registrant") was incorporated in the State of Delaware on November 13, 2007. Since inception, the Company has been engaged in organizational efforts and obtaining initial financing. The Company was formed as a vehicle to pursue a business combination and has made numerous efforts to date to identify a possible business combination. The Company has conducted negotiations regarding a target business, but has not entered into a letter of intent. The business purpose of the Company is to seek the acquisition of, or merger with, an existing operating company.Contents

A smallerTable reportingof company is not required to provide the information required by this Item.Contents

Recent SalesTable of Unregistered SecuritiesContents

During theTable nextof 12 months we anticipate incurring costs related to:Contents

ITEM 9B.Table OTHERof INFORMATION.Contents

None.Table of Contents

The Company'sTable President, Secretary and sole Director has not received any cash remuneration since inception. Officers will not receive any remuneration until the consummation of an acquisition. No remuneration of any nature has been paid for or on account of services rendered by a Director in such capacity. The Company's sole officer and Director intends to devote a limited amount of time to our affairs.Contents

Stock OptionTable Plansof Contents

There wereTable noof other professional services rendered by our principal accountant during the last two fiscal years that were not included in the above paragraphs.Contents

Dated: FebruaryTable 5,of 2010Contents

Toronto, OntarioTable of Contents

The accompanyingTable notes are an integral part of these financial statements.Contents

F-3Table of Contents

The accompanyingTable notes are an integral part of these financial statements.Contents

The accompanyingTable financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America, which contemplate continuation of the Company as a going concern. The Company, however, has minimal assets and working capital and lacks a sufficient source of revenues, which raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern and to realize its assets and to discharge its liabilities is dependent upon the Company’s management to securing a business combination. Management intends to fund working capital requirements for the foreseeable future and believes that the current business plan if successfully implemented may provide the opportunity for the Company to continue as a going concern. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern.Contents

STALAR 3,Table INC.of Contents

Interest andTable penalties related to uncertain tax positions will be recognized in the financial statements as a component of the income tax provision. Significant judgment is required to evaluate uncertain tax positions. The Company will evaluate its uncertain tax positions on a quarterly and annual basis. The evaluations are based upon a number of factors, including changes in facts or circumstances, changes in tax law, correspondence with tax authorities during the course of audits and effective settlement of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in the Company’s income tax expense in the period in which the change is made.Contents

NOTETable Cof - PREFERRED STOCKContents

InTable June 2009, the FASB issued guidance requiring an analysis to determine whether a variable interest gives the entity a controlling financial interest in a variable interest entity. This guidance requires an ongoing reassessment and eliminates the quantitative approach previously required for determining whether an entity is the primary beneficiary. This guidance is effective for fiscal years beginning after November 15, 2009. Accordingly, we will adopt this guidance with our fiscal year beginning October 1, 2010. The Company does not expect the adoption to have a material impact on its results of operations, financial position or cash flows.Contents

~~SECURITIES AND~~UNITED ~~EXCHANGE~~STATES ~~COMMISSION~~

~~Washington,~~SECURITIES ~~D.C. 20549~~AND EXCHANGE COMMISSION

~~Form 10-K~~Washington, D.C. 20549

~~|X| Annual~~Form ~~Report under Section 13 or 15(d) of the Securities Exchange Act of~~10-K ~~1934~~

~~For the~~x ~~fiscal~~Annual ~~year~~Report ~~ended~~under ~~September~~Section ~~30,~~13 ~~2009~~or 15(d) of the Securities Exchange Act of 1934

OrFor the fiscal year ended September 30, 2010

~~|_| Transitional~~Or ~~Report under Section 13 or 15(d) of the Securities Exchange Act of 1934~~

000-52973
Commission file number
Stalar 3, Inc.
(Name of Small Business Issuer in its charter)
Delaware	26-1402659
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)
11755 Wilshire Blvd., Suite 2000
Los Angeles, CA	90025
(Address of principal executive offices)	(Zip Code)
Issuer's telephone number: (310) 883-1300
Securities registered under Section 12(b) of the Act: None
Securities registered under Section 12(g) of the Act:
Common Stock, $0.0001 Par Value
(Title of Class)

¨	Transitional Report under Section 13 or 15(d) of the Securities Exchange Act of 1934

~~Indicate by check mark if the registrant is a well~~000-~~known seasoned issuer, as defined in rule 405 of the Securities Act. YES [ ] NO [X]~~52973

~~Indicate by~~Commission ~~check mark if the registrant is not required to~~ file ~~reports~~number ~~pursuant to Section 13 or 15(d) of the Exchange Act. [ ]~~

~~Check whether~~Stalar the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports)3, ~~and (2) has been subject to such filing requirements for the past 90~~ ~~days~~Inc. ~~YES [X] NO [ ]~~

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§Name ~~232.405~~ of ~~this chapter)~~Small ~~during~~Business ~~the~~Issuer ~~preceding~~in 12its ~~months (or for such shorter period that the registrant was required to submit and post such files~~charter). ~~YES [ ] NO [X]~~

-1-


Delaware		26-1402659
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

11755 Wilshire Blvd., Suite 2000 Los Angeles, CA		90025
(Address of principal executive offices)		(Zip Code)

~~Indicate by~~Issuer’s ~~check~~telephone ~~mark~~number: ~~if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K~~ (~~§ 229.405 of this chapter~~310) ~~is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this form 10~~ 883-~~K or~~1300 ~~any amendment to this Form 10-K. |X|~~

~~Indicate by~~Securities ~~checkmark~~registered ~~whether~~under ~~the~~Section 12(b) ~~registrant~~of isthe aAct: ~~large~~None ~~accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. [X] Smaller Reporting Company~~

~~Indicate by~~Securities ~~check~~registered ~~mark~~under ~~whether the registrant is a shell company~~ Section 12(asg) ~~defined in Rule 12b-2~~ of the ~~Exchange~~ Act).: ~~Yes |X| No [ ]~~

~~State issuer's~~Common ~~revenues~~Stock, ~~for its most recent fiscal year~~$0.0001 ~~The~~Par ~~Company~~Value ~~had no revenues during its fiscal year ending September 30, 2009.~~

~~The aggregate~~(Title ~~market value~~ of ~~the~~Class) ~~common stock held by non-affiliates of the issuer was $900.00 on September 30, 2009.~~

~~As of~~Indicate ~~September~~by ~~30,~~check ~~2009,~~mark ~~2,022,500~~if ~~shares of~~ the ~~Registrant's~~registrant ~~Common~~is ~~Stock~~a ~~and~~well-known ~~no shares~~seasoned ofissuer, ~~the~~as ~~Registrant's~~defined ~~Preferred~~in ~~Stock~~rule ~~were~~405 ~~issued~~of ~~and~~the Securities ~~outstanding~~Act. YES ¨ NO x

~~-2-~~Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. ¨

~~STALAR~~Check 3whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), ~~INC~~and (2) has been subject to such filing requirements for the past 90 days. YES x NO ¨

~~Form~~Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive 10Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-KT (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES ¨ NO x

~~Report~~Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is ~~for~~not ~~the~~contained ~~Fiscal~~herein, ~~Year~~and ~~Ended~~will ~~September~~not 30be contained, ~~2009~~to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this form 10-K or any amendment to this Form 10-K. x

~~TABLE~~Indicate OFby ~~CONTENTS~~checkmark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

		Page
PART I
Item 1.	Business	4
Item 1A.	Risk Factors	4
Item 1B.	Unresolved Staff Comments	4
Item 2.	Properties	4
Item 3.	Legal Proceedings	4
Item 4.	Submission of Matters to a Vote of Security Holders	4
PART II
Item 5.	Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities	5
Item 6.	Selected Financial Data	6
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	6
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	6
Item 8.	Financial Statements and Supplementary Data	7
Item 9.	Changes In and Disagreements With Accountants on Accounting and Financial Disclosure	7
Item 9A(T).	Controls and Procedures	7
Item 9B.	Other Information	7
PART III
Item 10.	Directors, Executive Officers and Corporate Governance	8
Item 11.	Executive Compensation	9
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	11
Item 13.	Certain Relationships and Related Transactions, and Director Independence	11
Item 14.	Principal Accountant Fees and Services	11
PART IV
Item 15.	Exhibits, Financial Statement Schedules	12

x Smaller Reporting Company

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-3-2 of the Exchange Act). Yes x No ¨

~~PART~~State issuer’s revenues for its most recent fiscal year. The Company had no revenues during its fiscal year ending ISeptember 30, 2010.

~~ITEM~~As of December 17, 2010, 2,022,500 shares of the Registrant’s Common Stock and no shares 1.of ~~BUSINESS~~the Registrant’s Preferred Stock were issued and outstanding.

~~Currently our~~STALAR ~~Company would be defined as a "shell" company~~3, ~~an entity which is generally described as having no or nominal operations and no or nominal assets~~INC. The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly-held corporation. Our principal business objective for the past 12 months, for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with an operating business. The Company will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

~~The Company~~Form ~~does~~10-K not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with money in our treasury, and/or through borrowings from our stockholder, management or other investors.

~~We presently~~Report ~~have~~for no employees apart from our management. Our sole officer and sole director is employed full-time by Abraxis BioScience, LLC and he devotes to our business very limited time until a proposed acquisition has been identified. We expect no significant changes in the ~~number~~Fiscal ofYear ~~our~~Ended ~~employees other than such changes~~September 30, ~~if any, incident to a business combination.~~2010

~~As reported~~TABLE onOF ~~Form~~CONTENTS 8-K, filed December 17, 2009, on December 9, 2009 Abraxis BioScience, LLC, a Delaware limited liability company (“Abraxis”) and wholly-owned subsidiary of Abraxis BioScience, Inc., purchased 2,022,500 shares of the Company’s Common Stock, representing 100% of the Company’s issued and outstanding shares of Common Stock. The aggregate purchase price for the shares was $62,500. This acquisition by Abraxis was made pursuant to the terms of a Stock Purchase Agreement (the “Agreement”) entered into by and among Abraxis, the Company, Dr. Steven R. Fox and other holders of shares of Common Stock of the Company on November 24, 2009.

Dr. Steven R. Fox was previously the controlling stockholder, sole director and sole officer of the Company. Following this transaction, Dr. Fox resigned all positions within the Company, and Bruce Wendel was appointed as the sole officer and sole director of the Company.


		Page
PART I

Item 1.	Business		3
Item 1A.	Risk Factors		3
Item 1B.	Unresolved Staff Comments		3
Item 2.	Properties		3
Item 3.	Legal Proceedings		3
Item 4.	Submission of Matters to a Vote of Security Holders		3

PART II

Item 5.	Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities		4
Item 6.	Selected Financial Data		5
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		5
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk		5
Item 8.	Financial Statements and Supplementary Data		6
Item 9.	Changes In and Disagreements With Accountants on Accounting and Financial Disclosure		6
Item 9A(T).	Controls and Procedures		6
Item 9B.	Other Information		6

PART III

Item 10.	Directors, Executive Officers and Corporate Governance		7
Item 11.	Executive Compensation		8
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters		10
Item 13.	Certain Relationships and Related Transactions, and Director Independence		10
Item 14.	Principal Accountant Fees and Services		10

PART IV

Item 15.	Exhibits, Financial Statement Schedules		11

~~ITEM 1A.~~2 ~~RISK FACTORS.~~

~~ITEM~~PART 1BI ~~. UNRESOLVED STAFF COMMENTS.~~

~~A smaller~~ITEM ~~reporting~~1. ~~company is not required to provide the information required by this Item~~BUSINESS.

~~ITEM~~Stalar 3, Inc. 2(“we”, “us”, “our”, the “Company” or the “Registrant”) was incorporated in the State of Delaware on November 13, 2007. ~~PROPERTY~~Since inception, the Company has been engaged in organizational efforts and obtaining initial financing. The Company was formed as a vehicle to pursue a business combination and has made numerous efforts to date to identify a possible business combination. The Company has conducted negotiations regarding a target business, but has not entered into a letter of intent. The business purpose of the Company is to seek the acquisition of, or merger with, an existing operating company.

~~The~~ Currently our Company ~~neither~~would ~~rents~~be ~~nor~~defined ~~owns~~as ~~any~~a ~~property~~“shell” company, an entity which is generally described as having no or nominal operations and no or nominal assets. The Company ~~utilizes~~was ~~the~~organized ~~office~~as a ~~space~~vehicle to investigate and, ~~equipment~~if such investigation warrants, acquire a target company or business seeking the perceived advantages of ~~Abraxis~~being ata nopublicly-held ~~cost~~corporation. ~~Management~~Our ~~estimates~~principal business objective for the past 12 months, for the next 12 months and beyond such ~~amounts~~time will be to achieve long-term growth potential through a combination with an operating business. The Company will not restrict our potential candidate target companies to any specific business, industry or geographical location beand, ~~immaterial~~thus, may acquire any type of business.

~~ITEM 3~~The Company does not currently engage in any business activities that provide cash flow. ~~LEGAL~~The costs ~~PROCEEDINGS~~of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with money in our treasury, and/or through borrowings from our stockholder, management or other investors.

~~To the~~We ~~best~~presently ~~knowledge~~have ofno employees apart from our ~~officers~~management. Our sole officer and ~~directors~~sole director is employed full-time by Abraxis BioScience, ~~the~~LLC ~~Company~~and ishe devotes ~~not~~to our business very limited time until a ~~party~~proposed to acquisition has been identified. We expect no significant changes in the number of our employees other than such changes, if any, ~~legal~~incident ~~proceeding~~to ora ~~litigation~~business combination.

~~ITEM~~As reported on Form 8-K, filed December 17, 2009, on December 9, 2009 Abraxis BioScience, LLC, a Delaware limited liability company 4(“Abraxis”) and wholly-owned subsidiary of Abraxis BioScience, Inc., ~~SUBMISSION~~purchased OF2,022,500 ~~MATTERS~~shares TOof Athe ~~VOTE~~Company’s OFCommon ~~SECURITY~~Stock, ~~HOLDERS~~representing 100% of the Company’s issued and outstanding shares of Common Stock. The aggregate purchase price for the shares was $62,500. This acquisition by Abraxis was made pursuant to the terms of a Stock Purchase Agreement (the “Agreement”) entered into by and among Abraxis, the Company, Dr. Steven R. Fox and other holders of shares of Common Stock of the Company on November 24, 2009.

NoDr. Steven R. Fox was previously the controlling ~~matters~~stockholder, ~~were~~sole ~~submitted~~director toand asole ~~vote~~officer of ~~security~~the ~~holders~~Company. ~~during~~Following this transaction, Dr. Fox resigned all positions within the ~~fourth~~Company, ~~quarter of~~and Bruce Wendel was appointed as the ~~fiscal~~sole ~~year~~officer ~~covered~~and bysole ~~this~~director ~~Report~~of the Company.

~~-4-~~ITEM 1A. RISK FACTORS.

~~PART~~A smaller reporting IIcompany is not required to provide the information required by this Item.

ITEM 5 1B. ~~MARKET~~UNRESOLVED ~~FOR~~STAFF ~~REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES~~COMMENTS.

~~Common~~A smaller ~~Stock~~reporting company is not required to provide the information required by this Item.

~~Our Certificate~~ITEM ~~of Incorporation authorizes the issuance of up to 75,000,000 shares of common stock, par value $~~2.~~0001~~ ~~per share (the “Common Stock”)~~PROPERTY. The Common Stock is not listed on a publicly-traded market. As of September 30, 2009, there were 46 record holders of the Company's Common Stock. As of February 5, 2010, there was one holder of record of the Common Stock.

~~Preferred~~The Company neither rents nor ~~Stock~~owns any property. The Company utilizes the office space and equipment of Abraxis at no cost. Management estimates such amounts to be immaterial.

~~Our Certificate~~ITEM ~~of Incorporation authorizes the issuance of up to 25,000,000 shares of preferred stock, par value $~~3.~~0001~~ ~~per~~LEGAL ~~share (the “Preferred Stock”)~~PROCEEDINGS. ~~The Company has not yet issued any of its Preferred Stock.~~

~~Dividend~~To ~~Policy~~the best knowledge of our officers and directors, the Company is not a party to any legal proceeding or litigation.

~~The Company~~ITEM ~~has not declared or paid any cash dividends on its Common Stock and does not intend to declare or pay any cash dividend in the foreseeable future~~4. ~~The payment~~SUBMISSION ofOF ~~dividends,~~MATTERS ifTO ~~any,~~A isVOTE ~~within~~OF ~~the~~SECURITY ~~discretion of the Board of Directors and will depend on the Company’s earnings, if any, its capital requirements and financial condition and such other factors as the Board of Directors may consider~~HOLDERS.

~~Securities Authorized~~No ~~for~~matters ~~Issuance~~were ~~under~~submitted ~~Equity~~to ~~Compensation~~a ~~Plans~~vote of security holders during the fourth quarter of the fiscal year covered by this Report.

~~The Company~~3 ~~does not have any equity compensation plans or any individual compensation arrangements with respect to its Common Stock or Preferred Stock.~~

~~The Company~~PART ~~did~~II ~~not sell any equity securities that were not registered under the Securities Act during the quarter ended September 30, 2009.~~

~~Pursuant to~~ITEM ~~a Stock Purchase Agreement entered into by and among Abraxis, the Company, Dr~~5. ~~Steven~~ R.MARKET ~~Fox~~FOR ~~and~~REGISTRANT’S ~~all~~COMMON ~~other holders of shares of Common Stock of the Company on November 24~~EQUITY, ~~2009,~~RELATED ~~Abraxis~~STOCKHOLDER ~~acquired~~MATTERS ~~all~~AND ~~issued~~ISSUER ~~and outstanding~~PURCHASES ~~shares~~OF ofEQUITY ~~Common Stock from Dr~~SECURITIES. Fox and the other Common Stockholders for an aggregate purchase price of $62,500 in a transaction that was effective December 9, 2009. The Company sold these shares of Common Stock under the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended and Regulation D promulgated thereunder.

~~On January 15, 2009, the Company sold an aggregate of 22,500 shares of its~~ Common ~~Stock~~ ~~at a per share price of $.04, to 45 accredited investors for aggregate proceeds equal to $900. The Company sold these shares of Common~~ Stock ~~under the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended and Regulation D promulgated thereunder.~~

OnOur ~~November~~Certificate 13of ~~2007,~~Incorporation authorizes the ~~Company~~issuance ~~sold~~of 2up to 75,000,000 shares of ~~its~~common ~~Common~~stock, ~~Stock~~par tovalue Dr$. ~~Steven~~0001 R.per ~~Fox~~share ~~for~~(the ~~total~~“Common ~~proceeds of $200~~Stock”). The ~~Company sold these shares of~~ Common Stock ~~under~~is ~~the~~not ~~exemption~~listed ~~from~~on ~~registration~~a ~~provided~~publicly-traded bymarket. ~~Section~~As ~~4(2)~~ of ~~the~~ ~~Securities~~September 30, ~~Act~~2010, there ofwas ~~1933,~~one asholder ~~amended~~of ~~and~~record ~~Regulation~~of Dthe ~~promulgated thereunder~~Common Stock.

~~No securities~~Preferred ~~have~~Stock been issued for services. Neither the Company nor any person acting on its behalf offered or sold the securities by means of any form of general solicitation or general advertising. No services were performed by any purchaser as consideration for the shares issued.

~~Issuer~~Our Certificate of Incorporation authorizes the issuance of up to 25,000,000 shares of preferred stock, par value $.0001 per share (the “Preferred ~~Purchases~~Stock”). The Company has not yet issued any of ~~Equity~~its ~~Securities~~Preferred Stock.

~~None.~~Dividend Policy

~~-5-~~The Company has not declared or paid any cash dividends on its Common Stock and does not intend to declare or pay any cash dividend in the foreseeable future. The payment of dividends, if any, is within the discretion of the Board of Directors and will depend on the Company’s earnings, if any, its capital requirements and financial condition and such other factors as the Board of Directors may consider.

~~ITEM 6.~~Securities ~~SELECTED~~Authorized ~~FINANCIAL~~for ~~DATA.~~Issuance under Equity Compensation Plans

~~A smaller~~The ~~reporting~~Company ~~company~~does is not ~~required~~have any equity compensation plans or any individual compensation arrangements with respect to ~~provide~~its ~~the~~Common ~~information~~Stock ~~required~~or ~~by this~~Preferred ~~Item~~Stock.

~~ITEM 7.~~Recent ~~MANAGEMENT'S~~Sales ~~DISCUSSION~~of ~~AND~~Unregistered ~~ANALYSIS~~Securities ~~OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.~~

The ~~following~~ ~~presentation of management's discussion and analysis of the~~ Company~~'s financial~~ ~~condition~~did ~~and~~not ~~results~~sell ofany ~~operations~~equity ~~should~~securities bethat ~~read~~were innot ~~conjunction~~registered ~~with the~~under ~~Company's consolidated financial statements and~~ the ~~accompanying~~Securities ~~notes thereto.~~Act ~~This~~during ~~section and other parts of this report contain forward-looking statements that involve risks and uncertainties. The Company's actual results may differ significantly from~~ the ~~results~~quarter ~~discussed~~ended inSeptember 30, ~~the forward-looking statements~~2010.

~~Overview~~Pursuant to a Stock Purchase Agreement entered into by and among Abraxis, the Company, Dr. Steven R. Fox and all other holders of shares of Common Stock of the Company on November 24, 2009, Abraxis acquired all issued and outstanding shares of Common Stock from Dr. Fox and the other Common Stockholders for an aggregate purchase price of $62,500 in a transaction that was effective December 9, 2009. The Company sold these shares of Common Stock under the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended and Regulation D promulgated thereunder.

~~The~~ On January 15, 2009, the Company ~~was~~sold ~~incorporated~~an onaggregate ~~November~~of 1322,500 ~~2007.~~shares ~~The~~of ~~Company,~~its ~~which~~Common isStock inat ~~the development~~a ~~stage~~per share price of $.04, ~~has~~to ~~had~~45 noaccredited ~~operations~~investors ~~during~~for ~~the~~aggregate ~~quarterly~~proceeds ~~period~~equal ~~ended~~to $900. The Company sold ~~September~~these ~~30,~~shares ~~2009,~~of ~~nor~~Common ~~for~~Stock under the ~~period~~exemption ~~November~~from ~~13,~~registration ~~2007~~provided by Section 4(~~inception~~2) ~~to September~~of ~~30,~~the ~~2009~~Securities ~~and~~Act ~~has~~of no1933, ~~operations~~ as ofamended ~~the~~and ~~date~~Regulation ofD ~~this filing~~promulgated thereunder.

~~Results~~On November 13 2007, the Company sold 2,000,000 shares of its Common Stock to Dr. Steven R. Fox for total proceeds of $200. The Company sold these shares of Common Stock under the exemption from registration provided by Section 4(2) of ~~Operations~~the Securities Act of 1933, ~~Liquidity~~as amended and ~~Capital~~Regulation ~~Resources~~D promulgated thereunder.

~~The~~No ~~Company~~securities ~~has~~have ~~not~~been ~~conducted~~issued ~~any active operations since inception, except~~ for ~~its efforts to locate suitable acquisition candidates~~services. No ~~revenue~~Neither ~~has been generated by~~ the Company ~~from~~nor ~~November 13, 2007 (Inception) to September 30, 2009. It is unlikely the Company will have~~ any ~~revenues~~person ~~unless~~acting iton isits ~~able~~behalf ~~to effect~~offered ~~an acquisition~~ or ~~merger~~sold ~~with~~the ansecurities ~~operating~~by ~~company,~~means of ~~which~~any ~~there~~form ~~can~~of ~~be no~~general ~~assurance.~~solicitation Itor isgeneral ~~management's assertion that these circumstances may hinder the Company's ability to continue as a going concern~~advertising. ~~The~~No ~~Company~~services ~~does~~were ~~not currently~~performed ~~engage~~by in any ~~business~~purchaser ~~activities that provide cash flow. The costs of~~as ~~investigating~~consideration ~~and analyzing business combinations~~ for the ~~next~~shares ~~12 months and beyond such time will be paid with money in our treasury, and/or through borrowings from our stockholder or other investors~~issued.

~~General and~~Issuer ~~administrative~~Purchases expenses were $20,837 for the fiscal year ended September 30, 2009 compared to $12,435 for the period November 13, 2007 (inception) to September 30, 2008, and $33,272 for the period November 13, 2007 (inception) to September 30, 2009. General and administrative expenses consist primarily of ~~professional~~ ~~fees~~Equity ~~and~~Securities ~~organization expenses. We had a net loss of $20,837 for the period October 1, 2008 to September 30, 2009.~~

~~The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly-held corporation~~None. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with an operating business. The Company will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

~~We expect~~4 ~~no significant changes in the number of our employees other than such changes, if any, incident to a business combination.~~

~~a) filing~~ITEM of6. ~~Exchange~~SELECTED ~~Act~~FINANCIAL ~~reports, and~~DATA.

b)A smaller ~~investigating,~~reporting ~~analyzing~~company ~~and~~is ~~consummating~~not anrequired ~~acquisition~~to provide the information required by this Item.

~~Going Concern~~ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

~~We financed~~The ~~our~~following ~~activities~~presentation ~~from~~of ~~inception~~management’s todiscussion ~~December~~and 9,analysis ~~2009~~of ~~from~~the ~~loans~~Company’s ~~from~~financial ~~Dr. Steven~~condition R.and ~~Fox,~~results aof ~~former~~operations ~~majority~~should ~~stockholder,~~be ~~officer~~read in ~~and~~conjunction ~~director.~~with Wethe ~~believe we~~Company’s ~~will~~consolidated befinancial ~~able~~statements toand ~~meet~~the ~~current~~accompanying ~~and~~notes ~~future~~thereto. ~~costs~~This ~~through~~section ~~use~~and ofother ~~funds~~parts inof ~~our treasury,~~this ~~through~~report ~~deferral~~contain offorward-looking ~~fees~~statements bythat ~~certain~~involve ~~service~~risks ~~providers~~ and ~~additional~~uncertainties. The Company’s ~~amounts,~~actual asresults ~~necessary,~~may todiffer besignificantly ~~loaned~~from tothe orresults ~~invested~~discussed in usthe byforward-looking ~~our stockholder or other investors~~statements.

~~The~~Overview ~~report of our independent registered public accounting firm, MSCM LLP, on our audited financial statements contains a qualification regarding our ability to continue as a going concern.~~

~~Off-balance~~The Company was incorporated on November 13, 2007. The Company, which is in the development stage, has had no operations during ~~Sheet~~the ~~Arrangements~~quarterly period ended September 30, 2010, nor for the period November 13, 2007 (inception) to September 30, 2010 and has no operations as of the date of this filing.

~~None~~Results of Operations, Liquidity and Capital Resources

~~ITEM~~The 7ACompany has not conducted any active operations since inception, except for its efforts to locate suitable acquisition candidates. No ~~QUANTITATIVE~~revenue ~~AND~~has ~~QUALITATIVE~~been ~~DISCLOSURES~~generated ~~ABOUT~~by the Company from ~~MARKET~~November 13, ~~RISK~~2007 (Inception) to September 30, 2010. It is unlikely the Company will have any revenues unless it is able to effect an acquisition or merger with an operating company, of which there can be no assurance. It is management’s assertion that these circumstances may hinder the Company’s ability to continue as a going concern. The Company does not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with money in our treasury, and/or through borrowings from our stockholder or other investors.

~~A smaller~~General ~~reporting~~and ~~company~~administrative isexpenses ~~not~~were ~~required~~$13,012 for the fiscal year ended September 30, 2010 compared to ~~provide~~$20,837 for the ~~information~~fiscal ~~required~~year byended September 30, 2009, and $46,284 for the period ~~this~~November 13, ~~Item~~2007 (inception) to September 30, 2010. General and administrative expenses consist primarily of professional fees and organization expenses. We had a net loss of $13,012 and of $20,837 for the years ended September 30, 2010 and 2009, respectively, compared to a net loss of $46,284 for the period November 13, 2007 (inception) to September 30, 2010.

The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly-6held corporation. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with an operating business. The Company will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

~~ITEM 8.~~We ~~FINANCIAL~~expect ~~STATEMENTS~~no significant changes in the number of our employees other than such changes, if any, incident to a business combination.

~~See~~ During the ~~financial~~next ~~statements~~12 ~~annexed~~months towe ~~this~~anticipate ~~annual~~incurring ~~report.~~costs related to:

~~ITEM 9.~~a) ~~CHANGES~~filing INof ~~AND~~Exchange ~~DISAGREEMENTS~~Act reports, ~~WITH~~and ~~ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.~~

~~In its~~b) ~~two most recent fiscal years or any later interim period~~investigating, ~~the~~analyzing ~~Company~~and ~~has had~~consummating noan ~~disagreements with its independent accountants~~acquisition.

~~ITEM 9A(T).~~Going ~~CONTROLS~~Concern ~~AND PROCEDURES.~~

AsWe offinanced ~~the~~our ~~end~~activities offrom ~~the~~inception ~~fiscal~~to ~~period~~December 9, ~~covered~~2009 byfrom ~~this~~loans ~~report~~from ~~("Evaluation~~Dr. Steven R. ~~Date")~~Fox, ~~our management~~a ~~concluded~~former ~~its~~majority ~~evaluation~~stockholder, ofofficer ~~the effectiveness of the design~~ and ~~operation~~ ~~of our disclosure controls and procedures~~director. AsSubsequent ofto ~~the~~December 9, ~~Evaluation Date~~2009, ~~our~~ ~~Chief~~we ~~Executive~~have ~~Officer~~financed ~~and~~our ~~Principal~~activities ~~Financial~~with ~~Officer~~advances ~~concluded that we~~from ~~maintain~~Abraxis, ~~disclosure~~our ~~controls~~sole ~~and~~shareholder ~~procedures~~(Parent). ~~that~~We ~~are~~believe ~~effective~~we inwill ~~providing reasonable~~be ~~assurance~~able ~~that information required~~ to bemeet ~~disclosed~~current inand ~~our~~future ~~reports under~~costs ~~the~~through ~~Securities~~use ~~Act~~ of ~~1934~~funds ~~(Exchange Act) is recorded, processed, summarized and reported within the time periods specified~~ in ~~the~~our ~~SEC's rules and forms~~treasury, ~~and~~through ~~that~~deferral ~~such~~of ~~information~~fees isby ~~accumulated~~certain ~~and~~service ~~communicated~~providers ~~to our management, including its Chief Executive Officer~~ and ~~Principal~~additional ~~Financial Officer~~amounts, as ~~appropriate~~necessary, to ~~allow~~be ~~timely~~loaned ~~decisions~~to ~~regarding required~~or ~~disclosure.~~invested ~~Our management necessarily applied its judgment~~ in ~~assessing~~us ~~the costs and benefits of such controls and procedures, which,~~ by ~~their nature, can provide only reasonable assurance regarding management's control objectives. There have been no significant changes in~~ our ~~internal~~shareholder ~~controls~~ or in other ~~factors~~ ~~that could significantly affect these controls subsequent to the Evaluation Date~~investors.

~~Evaluation~~ The report of ~~Disclosure~~our ~~Controls~~independent ~~and~~registered ~~Procedures~~public accounting firm, MSCM LLP, on our audited financial statements contains a qualification regarding our ability to continue as a going concern.

~~Management~~Off-balance isSheet ~~responsible~~Arrangements for establishing adequate internal controls and procedures designed to ensure that information required to be disclosed in the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

~~As of~~None the end of the period covered by this report, the Company carried out an evaluation, under the supervision and with the participation of the Company's management, including the Company's Chief Executive Officer and the Company's Chief Operating Officer and Principal Financial Officer, of the effectiveness of the design and operation of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended). Based on this evaluation, the Company's Chief Executive Officer and Principal Financial Officer concluded that the Company's disclosure controls and procedures were effective in ensuring that (i) information required to be disclosed in the reports that the Company files or submits under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported, within the time periods specified in the rules and forms of the Securities and Exchange Commission and (ii) information required to be disclosed in the reports the Company files or submits under the Securities Exchange Act of 1934, as amended, is accumulated and communicated to management, including the Company's Chief Executive Officer and Principal Financial Officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

~~This annual~~ITEM ~~report does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting~~7A. ~~Management's~~ ~~report~~QUANTITATIVE ~~was~~AND ~~not~~QUALITATIVE ~~subject~~DISCLOSURES toABOUT ~~attestation~~MARKET by the Company's registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this annual report.RISK

~~Changes in~~A ~~Internal~~smaller ~~Controls~~reporting ~~Over~~company ~~Financial~~is ~~Reporting~~not required to provide the information required by this Item.

~~There were~~5 no changes in our internal controls over financial reporting during or that could significantly affect these controls subsequent to the date of the evaluation of those controls by the Chief Executive Officer and Principal Financial Officer.

~~None~~ITEM 8. FINANCIAL STATEMENTS.

~~-7-~~See the financial statements annexed to this annual report.

~~PART III~~ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

~~ITEM 10.~~In ~~DIRECTORS~~its two most recent fiscal years or any later interim period, ~~EXECUTIVE~~the ~~OFFICERS~~Company ~~AND~~has ~~CORPORATE~~had ~~GOVERNANCE~~no disagreements with its independent accountants.

~~The sole~~ITEM 9A(T). CONTROLS ~~Director~~AND ~~and~~PROCEDURES. ~~sole officer of the Company for the reported period, and up to December 9, 2009, was as follows:~~

Name	Age	Position
Steven R. Fox	56	Director, CEO/President, CFO, Secretary

As of the end of the fiscal period covered by this report (“Evaluation Date”), our management concluded its evaluation of the effectiveness of the design and operation of our disclosure controls and procedures. As of the Evaluation Date, our principal executive officer and principal financial officer concluded that we maintain disclosure controls and procedures that are effective in providing reasonable assurance that information required to be disclosed in our reports under the Securities Act of 1934 (Exchange Act) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. Our management necessarily applied its judgment in assessing the costs and benefits of such controls and procedures, which, by their nature, can provide only reasonable assurance regarding management’s control objectives. There have been no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the Evaluation Date.

~~Dr. Fox~~Evaluation ~~is a practicing dentist in New York City. Dr. Fox is a fellow in the American College~~ of ~~Dentistry~~Disclosure ~~and~~Controls ~~a fellow in the International College of Dentistry. He is a former faculty member of the Harvard School of Dental Medicine~~ and aProcedures former officer of Harvard. In 1999 Dr. Fox was the Ernst and Young Entrepreneur of the Year. Dr. Fox is the Chairman of the Rebel Group, Inc., a privately-held company, that is involved in importing and exporting. Dr. Fox is currently an advisor to Scarguard, LLC, a medical product company. In 1999, Dr. Fox received the Medal of Freedom from the Republican Members of the United States Senate. Since the Company's inception, Dr. Fox has been serving as the Company's CEO/President, CFO, Secretary and sole Director.

AsManagement is responsible for establishing adequate internal controls and procedures designed to ensure that information required to be disclosed in the ofreports that we file or submit under the ~~date~~Securities Exchange Act of ~~this~~1934 ~~report~~is recorded, processed, summarized and reported within the ~~sole~~time ~~Director~~periods ~~and~~specified ~~sole~~in ~~officer~~the rules and forms of the ~~Company~~Securities ~~is as~~and ~~follows:~~Exchange Commission.

Name	Age	Position
Bruce Wendel	56	Director, CEO/President, CFO, Secretary

As of the end of the period covered by this report, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s principal executive officer and the Company’s principal operating officer and principal financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended). Based on this evaluation, the Company’s principal executive officer and principal financial officer concluded that the Company’s disclosure controls and procedures were effective in ensuring that (i) information required to be disclosed in the reports that the Company files or submits under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported, within the time periods specified in the rules and forms of the Securities and Exchange Commission and (ii) information required to be disclosed in the reports the Company files or submits under the Securities Exchange Act of 1934, as amended, is accumulated and communicated to management, including the Company’s principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

~~The~~ This annual report does not include an attestation report of the Company’s ~~officers~~registered public ~~and~~accounting ~~directors~~firm ~~are~~regarding ~~elected~~internal ~~annually~~control ~~for~~over afinancial ~~one~~reporting. ~~year~~Management’s ~~term~~report ~~or until~~was ~~their~~not ~~respective~~subject ~~successors~~to ~~are~~attestation ~~duly~~by ~~elected~~the ~~and~~Company’s ~~qualified~~registered orpublic ~~until~~accounting ~~their~~firm pursuant to rules of the Securities and Exchange Commission ~~earlier~~that ~~resignation~~permit orthe ~~removal~~Company to provide only management’s report in this annual report.

~~Mr. Wendel~~Changes is the Chief Executive Office of Abraxis BioScience, Inc. Prior to his appointment as Chief Executive Officer, Mr. Wendel served as the Executive Vice President of Corporate Operations and Development for Abraxis since November 2007 when Abraxis separated from a company formally known as Abraxis BioScience, Inc. (which changed its name to APP Pharmaceuticals in ~~connection with~~Internal ~~the separation) (“Old Abraxis”). Mr. Wendel previously served as~~Controls ~~Executive~~Over ~~Vice~~Financial ~~President~~Reporting of Corporate Development at Old Abraxis from March 2006 to the date of the separation. Mr. Wendel joined American Pharmaceutical Partners, Inc. (“APP”) in 2004 as Vice President of Corporate Development. He began his 14 years with Bristol-Myers Squibb as in-house counsel before shifting to business and corporate development. Before joining APP, he served as vice president, business development and licensing for IVAX Corporation. Previously, Mr. Wendel served in the legal departments of Playtex and Combe. He earned a juris doctorate degree from Georgetown University Law School where he was an editor of Law & Policy in International Business, and a B.S. from Cornell University. Mr. Wendel is also a director of Abraxis BioScience, Inc. and Stalar 4, Inc, a Delaware corporation.

~~Since Mr. Wendel~~There iswere ~~the~~no ~~sole~~changes ~~executive~~in ~~officer~~our ~~and~~internal ~~director~~controls ofover ~~the~~financial ~~Company,~~reporting ~~no “family~~during ~~relationship,”~~or as that ~~term~~could issignificantly affect ~~defined~~these incontrols ~~Item 401(d)~~subsequent to the date of ~~Regulation S-K,~~the ~~exists~~evaluation ~~with~~of ~~respect~~those tocontrols by the ~~Company’s~~principal ~~directors~~executive orofficer ~~executive~~and ~~officers~~principal financial officer. .

~~Significant Employees~~ITEM 9B. OTHER INFORMATION.

None.

~~Family Relationships.~~6

~~Involvement in~~PART ~~Certain~~III ~~Legal Proceedings.~~

~~There have~~ITEM ~~been~~10. ~~no events under any bankruptcy act~~DIRECTORS, noEXECUTIVE ~~criminal~~OFFICERS ~~proceedings~~AND ~~and~~CORPORATE no judgments, injunctions, orders or decrees material to the evaluation of the ability and integrity of any director, executive officer, promoter or control person of Registrant during the past five yearsGOVERNANCE.

~~The Board~~As of ~~Directors acts as~~ the ~~Audit~~date ~~Committee~~of ~~and the Board has no separate committees. The Company has no qualified financial expert at~~ this ~~time because it has not been able to hire a qualified candidate. Further~~report, the ~~Company believes~~sole ~~that~~Director itand ~~has~~sole ~~inadequate~~officer ~~financial~~of ~~resources~~the ~~at this time to hire such an expert. The~~ Company ~~intends~~is toas ~~continue~~follows: ~~to search for a qualified individual for hire.~~

-8-


Name	Age		Position
Bruce Wendel		57	Director, CEO/President, CFO, Secretary

~~Compliance~~The ~~with~~Company’s ~~Section~~officers ~~16(~~and directors are elected annually for a) ofone ~~the~~year ~~Exchange~~term ~~Act~~or until their respective successors are duly elected and qualified or until their earlier resignation or removal.

~~Section~~Mr. ~~16(a) of~~Wendel is the ~~Exchange~~Chief ~~Act~~Executive ~~requires~~Office of Abraxis BioScience, Inc. Prior to his appointment as Chief Executive Officer, Mr. Wendel served as the ~~Company’s~~Executive ~~directors~~Vice President of Corporate Operations and ~~officers~~Development for Abraxis since November 2007 when Abraxis separated from a company formally known as Abraxis BioScience, ~~and~~Inc. ~~persons~~(which changed its name to APP Pharmaceuticals in connection with ~~who~~the ~~beneficially~~separation) ~~own~~(“Old ~~more~~Abraxis”). ~~than~~Mr. Wendel ~~10%~~previously ofserved aas ~~registered~~Executive ~~class~~Vice President of ~~the~~Corporate ~~Company’s~~Development ~~equity securities,~~at Old Abraxis from March 2006 to ~~file~~the ~~reports~~date of ~~beneficial~~the ~~ownership~~separation. ~~and~~Mr. Wendel ~~changes~~joined inAmerican ~~beneficial~~Pharmaceutical Partners, ~~ownership~~Inc. (“APP”) in 2004 as Vice President of ~~the~~Corporate ~~Company’s~~Development. ~~securities~~He began his 14 years with ~~the~~Bristol-Myers ~~SEC~~Squibb onas ~~Forms~~in-house 3,counsel 4before shifting to business and 5corporate development. Before joining APP, he served as vice president, ~~Officers~~business development and licensing for IVAX Corporation. Previously, ~~directors~~Mr. Wendel served in the legal departments of Playtex and ~~greater~~Combe. ~~than~~He ~~10%~~earned ~~stockholders~~a ~~are~~juris ~~required~~doctorate bydegree ~~SEC regulation~~from toGeorgetown ~~furnish~~University ~~the~~Law ~~Company~~School ~~with~~where ~~copies~~he was an editor of Law & ~~all~~Policy ~~Section~~in International Business, and a B.S. from Cornell University. Mr. ~~16(~~Wendel is also a) ~~forms they~~director ~~file~~of Abraxis BioScience, Inc. and Stalar 4, Inc., a Delaware corporation.

~~Based solely~~Since onMr. Wendel is the ~~Company’s~~sole ~~review~~executive ofofficer ~~the~~and ~~copies~~director of the ~~forms received by it during the fiscal year ended September 30~~Company, ~~2009 and written representations that~~ no ~~other~~ ~~reports~~“family ~~were required~~relationship,” ~~the~~as ~~Company believes~~ that noterm ~~person,~~is ~~who~~defined ~~at any~~in ~~time~~Item 401(d) ~~during~~of ~~such~~Regulation ~~fiscal year~~S-K, ~~was~~exists awith ~~director,~~respect ~~officer~~to ~~or beneficial owner of more than 10% of~~ the Company’s ~~stock~~directors ~~failed~~or toexecutive ~~comply with all Section 16(a) filing requirements during such fiscal years~~officers.

~~Nominating~~The sole Director and sole ~~Committee~~officer of the Company for the reported periods prior to December 9, 2009, was as follows:

We have not adopted any procedures by which security holders may recommend nominees to our Board of Directors.


Name	Age		Position
Steven R. Fox		57	Director, CEO/President, CFO, Secretary

~~Audit~~Dr. Fox is a ~~Committee~~practicing dentist in New York City. He is a former faculty member of the Harvard School of Dental Medicine and a former officer of Harvard. In 1999, Dr. Fox received the Medal of Freedom from the Republican Members of the United States Senate. Since the Company’s inception and up to December 9, 2009, Dr. Fox served as the Company’s CEO/President, CFO, Secretary and sole Director.

~~The Board~~Significant ~~of Directors acts as the Audit Committee and the Board has no separate committees~~Employees. The Company has no qualified financial expert at this time because it has not been able to hire a qualified candidate. Further, the Company believes that it has inadequate financial resources at this time to hire such an expert. The Company intends to continue to search for a qualified individual for hire.

~~Code of Ethics~~None.

~~We have~~Family ~~adopted a Code of Ethics that applies to all of our executive officers, directors and employees~~Relationships. Our Code of Ethics codifies the business and ethical principles that govern all aspects of our business. This document will be made available in print, free of charge, to any stockholder requesting a copy in writing from the Company.

~~ITEM 11~~None. ~~EXECUTIVE COMPENSATION.~~

~~Summary Compensation~~Involvement ~~Table~~in Certain Legal Proceedings.

~~The table~~There ~~below~~have ~~summarizes~~been ~~all~~no ~~compensation~~events ~~awarded~~under ~~to,~~any ~~earned~~bankruptcy byact, orno ~~paid~~criminal toproceedings ~~both to~~and ~~our~~no ~~officers~~judgments, ~~and~~injunctions, orders or decrees material to ~~our~~the ~~directors~~evaluation ~~for~~of the ~~all~~ability ~~services~~and ~~rendered~~integrity inof ~~all~~any ~~capacities to~~director, usexecutive ~~for~~officer, ~~our~~promoter ~~fiscal~~or ~~years~~control ~~ended~~person ~~September~~of ~~30,~~Registrant ~~2008~~during ~~and~~the ~~September~~past ~~30, 2009~~five years.

SUMMARY COMPENSATION TABLE
Name and principal position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Nonqualified Deferred Compensation Earnings($)	All Other Compensation ($)	Total ($)
Steven R. Fox Director, CEO/President, CFO, Secretary	2009 2008	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0

The Board of Directors acts as the Audit Committee and the Board has no separate committees. The Company has no qualified financial expert at this time because it has not been able to hire a qualified candidate. Further, the Company believes that it has inadequate financial resources at this time to hire such an expert. The Company intends to continue to search for a qualified individual for hire.

~~Narrative Disclosure~~7 ~~to the Summary Compensation Table~~

~~It is~~Compliance ~~possible~~with ~~that, after the Company successfully consummates~~ Section 16(a) ~~business combination with an unaffiliated entity, that entity may desire to employ or retain our sole officer and Director for the purposes~~ of ~~providing services to~~ the ~~surviving~~Exchange ~~entity.~~Act However, the Company has adopted a policy whereby the offer of any post-transaction employment to our management will not be a consideration in our decision whether to undertake any proposed transaction.

~~-9-~~Section 16(a) of the Exchange Act requires the Company’s directors and officers, and persons who beneficially own more than 10% of a registered class of the Company’s equity securities, to file reports of beneficial ownership and changes in beneficial ownership of the Company’s securities with the SEC on Forms 3, 4 and 5. Officers, directors and greater than 10% stockholders are required by SEC regulation to furnish the Company with copies of all Section 16(a) forms they file.

NoBased solely on the Company’s ~~retirement~~review of the copies of the forms received by it during the fiscal year ended September 30, ~~pension~~2010 and written representations that no other reports were required, ~~profit~~the ~~sharing~~Company believes that no person, ~~stock~~who ~~option~~at orany ~~insurance~~time ~~programs~~during orsuch ~~other~~fiscal year, was ~~similar~~a ~~programs~~director, ~~have~~officer ~~been~~or ~~adopted~~beneficial byowner of more than 10% of the Company’s ~~for~~stock ~~the~~failed ~~benefit~~to ofcomply ~~its employees~~with all Section 16(a) filing requirements during such fiscal years.

~~There are~~Nominating noCommittee ~~understandings or agreements regarding compensation our management will receive after a business combination that is required to be included in this item, or otherwise.~~

We have not ~~entered~~adopted ~~into~~ any ~~employment~~procedures ~~agreement~~by ~~or consulting agreement with our executive officers. There are no arrangements or plans in~~ which wesecurity ~~provide~~holders ~~pension,~~may ~~retirement~~recommend ornominees ~~similar~~to ~~benefits~~our ~~for~~Board ~~executive~~of ~~officers~~Directors.

~~Although we~~Audit ~~do not currently compensate our officers, we reserve the right to provide compensation at some time in the future~~Committee. ~~Our decision to compensate officers depends on the availability of our cash resources with respect to the need for cash to further our business purposes.~~

~~Stock~~The Board of Directors acts as the Audit Committee and the Board has no separate committees. The Company has no qualified financial expert at this time ~~Option~~because ~~Grants~~it has not been able to hire a qualified candidate. Further, the Company believes that it has inadequate financial resources at this time to hire such an expert. The Company intends to continue to search for a qualified individual for hire.

~~We have~~Code ~~not~~of ~~granted any stock options to the executive officers or directors since our inception~~Ethics.

~~Outstanding~~We have adopted a Code of Ethics that applies to all of our executive officers, directors and employees. Our Code of Ethics codifies the business and ethical principles that govern all aspects of our ~~Equity~~business. ~~Awards~~This atdocument ~~Fiscal~~will ~~Year-End~~be made available in print, free of charge, to any stockholder requesting a copy in writing from the Company.

~~The table~~ITEM ~~below~~11. ~~summarizes~~EXECUTIVE ~~all unexercised options, stock that has not vested, and equity incentive plan awards for each named executive officer as of September 30, 2009~~COMPENSATION.

~~OUTSTANDING~~Summary ~~EQUITY~~Compensation ~~AWARDS~~Table AT FISCAL YEAR-END OPTION AWARDS STOCK AWARDS Name Number of Securities Underlying Unexercised Options (#) Exercisable Number of Securities Underlying Unexercised Options (#) Unexercisable Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) Option Exercise Price ($) Option Expiration Date Number of Shares or Units of Stock That HaveNot Vested (#) Market Value of Shares or Units of Stock That Have Not Vested ($) Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested (#) Steven R. Fox - - - - - - - - -

~~Compensation~~The table below summarizes all compensation awarded to, earned by, or paid to both to our officers and to our directors for all services rendered in all capacities to us for our fiscal years ended ofSeptember 30, ~~Directors~~2010 and September 30, 2009.

~~The table~~SUMMARY ~~below~~COMPENSATION ~~summarizes~~TABLE ~~all compensation of our directors as of September 30, 2009~~

DIRECTOR COMPENSATION Name Fees Earned or Paid in Cash ($) Stock Awards ($) Option Awards ($) Non-Equity Incentive Plan Compensation ($) Non-Qualified Deferred Compensation Earnings ($) All Other Compensation ($) Total ($) Steven R. Fox - - - - - - -


Name and principal position	Year		Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		Nonqualified Deferred Compensation Earnings ($)		All Other Compensation ($)		Total ($)
Bruce Wendel Director, CEO/President, CFO, Secretary		2010		0		0		0		0		0		0		0		0
Steven R. Fox Director, CEO/President, CFO, Secretary		2010 2009		0 0		0 0		0 0		0 0		0 0		0 0		0 0		0 0

~~-10-~~Narrative Disclosure to the Summary Compensation Table

~~Narrative Disclosure~~The toCompany’s President, Secretary and sole Director has not received any cash remuneration since inception. Officers will not receive any remuneration until the consummation of an acquisition. No remuneration of any nature has been paid for or on account of services rendered by a Director ~~Compensation~~in ~~Table~~such capacity. The Company’s sole officer and Director intends to devote a limited amount of time to our affairs.

~~The Company~~8 does not have any standard arrangements pursuant to which directors of the Company are compensated for services provided as a director. All directors are entitled to reimbursement for expenses reasonably incurred in attending Board of Directors' meetings. There has been no compensation paid to the Company's sole Director as of September 30, 2009.

~~We did~~It ~~not~~is ~~have~~possible that, after the Company successfully consummates a ~~stock~~business ~~option~~combination ~~plan~~with inan ~~place~~unaffiliated entity, asthat entity may desire to employ or retain our sole officer and Director for the purposes of ~~September~~providing 30services to the surviving entity. However, ~~2009~~the Company has adopted a policy whereby the offer of any post-transaction employment to our management will not be a consideration in our decision whether to undertake any proposed transaction.

~~ITEM~~No retirement, pension, profit sharing, ~~12.~~stock ~~SECURITY~~option ~~OWNERSHIP~~or OFinsurance ~~CERTAIN~~programs ~~BENEFICIAL~~or ~~OWNERS~~other ~~AND~~similar ~~MANAGEMENT~~programs ~~AND~~have ~~RELATED STOCKHOLDER~~been ~~MATTERS~~adopted by the Company for the benefit of its employees.

~~As of~~There ~~January~~are ~~15, 2010, Abraxis Bioscience, LLC owned all 2,022,500 outstanding~~no ~~shares~~understandings ofor ~~the~~agreements ~~Company’s~~regarding ~~Common~~compensation ~~Stock.~~our ~~Bruce~~management ~~Wendel,~~will ~~our~~receive ~~sole~~after ~~officer~~a ~~and~~business ~~sole director,~~combination ~~did~~that ~~not~~is ~~hold~~required ~~any~~to ~~Common~~be ~~Stock~~included orin ~~any~~this ~~options~~item, or ~~other rights to acquire the Company’s Common Stock~~otherwise.

~~ITEM 13~~We have not entered into any employment agreement or consulting agreement with our executive officers. ~~CERTAIN~~There ~~RELATIONSHIPS~~are ~~AND~~no ~~RELATED~~arrangements ~~TRANSACTIONS~~or plans in which we provide pension, ~~AND~~retirement ~~DIRECTOR~~or similar benefits for ~~INDEPENDENCE~~executive officers.

~~During the~~Although ~~fiscal~~we ~~year~~do ~~ended~~not ~~September~~currently ~~30,~~compensate ~~2009~~our officers, ~~Dr.~~we ~~Steven~~reserve ~~R. Fox advanced funds in~~ the ~~aggregate~~right ~~amount of $10,893~~ to ~~the~~provide ~~Company~~compensation toat ~~cover~~some ~~cash~~time ~~requirements. Inclusive~~in of the ~~$10,893, the aggregate principal amount of all loans made by~~ Drfuture. ~~Steven~~Our R.decision ~~Fox~~to ~~from~~compensate ~~the~~officers ~~Company’s~~depends ~~inception~~on tothe ~~September~~availability ~~30,~~of ~~2009~~our ~~was $21,803.~~cash ~~The~~resources ~~loans~~with ~~were~~respect ~~unsecured~~to ~~and~~the ~~payable~~need onfor ~~demand~~cash ~~with~~to ~~interest~~further atour ~~the prime~~business ~~rate~~purposes.

~~The Company~~Stock ~~utilizes~~Option ~~the~~Grants ~~office space and equipment of its sole stockholder at no cost. Management estimated such amounts to be immaterial.~~

~~Except as~~We ~~otherwise indicated herein, there~~ have ~~been~~not nogranted ~~related party transactions, or~~ any ~~other~~stock ~~transactions~~options ~~or relationships required~~ to bethe ~~disclosed~~executive ~~pursuant to~~officers ~~Item~~or ~~404~~directors ofsince ~~Regulation~~our ~~S-B~~inception.

~~The sole~~Outstanding ~~Director~~Equity ofAwards ~~the~~at ~~Company~~Fiscal ~~would~~Year-End not be deemed independent under the independence standards applicable to the Company. The Company does not have a separately designated audit, nominating or compensation committee or committee performing similar functions.

~~ITEM 14.~~The ~~PRINCIPAL~~table ~~ACCOUNTING~~below ~~FEES~~summarizes ~~AND~~all ~~SERVICES~~unexercised options, stock that has not vested, and equity incentive plan awards for each named executive officer as of September 30, 2010 and September 30, 2009.

~~Audit Fees~~OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END

~~The fees~~OPTION ~~incurred~~AWARDS ~~for~~STOCK ~~the~~AWARDS ~~fiscal~~Name ~~year~~Number ~~ending~~ofSecuritiesUnderlyingUnexercisedOptions(#)Exercisable ~~September~~Number ~~30,~~ofSecuritiesUnderlyingUnexercisedOptions(#)Unexercisable ~~2009~~EquityIncentivePlan ~~for~~Awards:Number ~~professional services~~ofSecuritiesUnderlyingUnexercisedUnearnedOptions(#) ~~rendered~~OptionExercisePrice($) byOptionExpirationDate ~~our~~NumberofSharesor ~~principal~~Unitsof ~~accountant~~StockThatHaveNotVested(#) ~~for~~MarketValueof ~~the~~Sharesor ~~audit~~Unitsof ofStockThatHaveNotVested($) ~~our~~EquityIncentive ~~annual financial~~PlanAwards: ~~statements~~Numberof ~~and~~UnearnedShares, ~~review~~Units oforOther ~~our~~RightsThat ~~quarterly~~HaveNot ~~financial~~Vested(#) ~~statements~~EquityIncentive ~~is approximately~~PlanAwards:Market $5orPayout ValueofUnearnedShares,~~500~~Units or OtherRights ThatHave NotVested(#) Bruce Wendel — — — — — — — — — Steven R. Fox — — — — — — — — —

~~Audit Related~~Compensation ~~Fees~~of Directors

~~There were~~The notable ~~audit~~below ~~related~~summarizes ~~fees~~all ~~for~~compensation ~~the~~of ~~fiscal~~our ~~years~~directors ~~ended~~as ~~September~~of September 30, ~~2009.~~2010 ~~Audit related fees include fees for assurance~~ and ~~related services rendered by the principal accountant related to the audit or review of our financial statements~~September 30, ~~not~~ ~~included in the foregoing paragraph~~2009.

~~Tax Fees~~DIRECTOR COMPENSATION

~~There were~~Name noFeesEarnedorPaid ~~tax~~inCash($) ~~fees~~StockAwards($) ~~for~~OptionAwards($) ~~the~~Non-EquityIncentivePlanCompensation($) ~~fiscal~~Non-QualifiedDeferredCompensationEarnings($) ~~year~~AllOtherCompensation($) ~~ended~~Total($) ~~September~~Bruce ~~30,~~Wendel ~~2009.~~— ~~Tax~~— ~~fees~~— ~~include fees~~— ~~for~~— ~~professional~~— ~~services~~— ~~rendered~~Steven byR. ~~the~~Fox ~~principal~~— ~~accountant~~— ~~for~~— ~~tax compliance,~~— ~~tax~~— ~~advice~~— ~~and tax planning.~~ —

~~All Other~~9 ~~Fees~~

~~The engagement~~Narrative ofDisclosure ~~the~~to ~~Company’s independent auditor, MSCM LLP, was approved by~~ the ~~Company’s~~ ~~Board~~Director ofCompensation ~~Directors~~Table which serves as the Audit Committee. The Audit Committee does not anticipate that the Company’s auditor will provide any services other that audit services and consequently the Audit Committee has not adopted any pre-approval policies and procedures described in paragraph (c)(7)(i) of Rule 2-01 of Regulation S-X. No services described in Items 9(e)(2) through 9(e)(4) of Schedule 14A were provided by the Company’s auditors.

~~-11-~~The Company does not have any standard arrangements pursuant to which directors of the Company are compensated for services provided as a director. All directors are entitled to reimbursement for expenses reasonably incurred in attending Board of Directors’ meetings. There has been no compensation paid to the Company’s sole Director as of September 30, 2010.

~~PART IV~~Stock Option Plans

~~ITEM 15.~~We ~~EXHIBITS,~~did ~~FINANCIALS~~not ~~STATEMENTS,~~have ~~FINANCIAL~~a ~~STATEMENT~~stock ~~SCHEDULES~~option plan in place as of September 30, 2010.

~~(a)(1) FINANCIAL~~ITEM ~~STATEMENTS~~12. ~~The~~SECURITY ~~following~~OWNERSHIP ~~financial~~OF ~~statements~~CERTAIN ~~are~~BENEFICIAL ~~included~~OWNERS inAND ~~this report:~~MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

Title of Document		Page
Report of Independent Registered Public Accounting Firm		F-1
Balance Sheets		F-2
Statements of Operations		F-3
Statements of Cash Flows		F-4
Statements of Changes in Stockholders' Deficit		F-5
Notes to Financial Statements		F-6 to F-9

As of December 17, 2010, Abraxis Bioscience, LLC owned all 2,022,500 outstanding shares of the Company’s Common Stock. Bruce Wendel, our sole officer and sole director, did not hold any Common Stock or any options or other rights to acquire the Company’s Common Stock.

~~(a)(2) FINANCIAL~~ITEM ~~STATEMENT SCHEDULES~~13. ~~The~~CERTAIN ~~following~~RELATIONSHIPS ~~financial~~AND ~~statement~~RELATED ~~schedules~~TRANSACTIONS, ~~are included~~AND asDIRECTOR ~~part of this report:~~INDEPENDENCE.

~~None~~During the fiscal year ended September 30, 2010, Abraxis advanced funds in the aggregate amount of $16,423 to the Company to cover cash requirements. The unsecured advances are non-interest bearing and are due on demand.

~~(a)(3)~~During the fiscal years ended September 30, 2010 and 2009, Dr. Steven R. Fox advanced funds in the ~~EXHIBITS~~amount of $1,025 and $10,893, respectively, to the Company to cover cash requirements. Inclusive of the $1,025 and $10,893, the aggregate principal amount of all loans made by Dr. Steven R. Fox from the Company’s inception to September 30, 2010 was $22,828. The ~~following~~loans ~~exhibits~~were ~~are~~unsecured ~~included~~and aspayable ~~part~~on demand with interest at the prime rate. In December 2009, pursuant to the stock purchase agreement, the officer’s loan and related accrued interest of ~~this~~$933 ~~report:~~were contributed to capital.

Exhibit Number		Title of Document
3.1		Articles of Incorporation (1)
3.1(i)		Certificate of Correction to Certificate of Incorporation(1)
3.2		Bylaws (1)
14.1		Code of Ethics (2)
23.1		Consent of MSCM LLP
31.1		Certification of Chief Executive Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

The Company utilizes the office space and equipment of its sole stockholder at no cost. Management estimated such amounts to be immaterial.

~~(1) Incorporated~~Except byas ~~reference~~otherwise ~~from~~indicated ~~the~~herein, ~~Company's~~there ~~registration~~have ~~statement~~been onno ~~Form~~related party transactions, or any other transactions or ~~10-SB~~relationships ~~filed~~required onto ~~December~~be ~~12,~~disclosed ~~2007~~pursuant to Item 404 of Regulation S-B.

~~(2)~~The sole Director of the Company would not be deemed ~~Incorporated~~independent byunder ~~reference~~the ~~from~~independence standards applicable to the Company's. ~~Quarterly~~The ~~Report~~Company ondoes ~~Form~~not ~~10-Q~~have ~~filed on~~a ~~May~~separately 7designated audit, ~~2009~~nominating or compensation committee or committee performing similar functions.

~~-12-~~ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.

~~SIGNATURES~~Audit Fees

~~Pursuant to~~The fees incurred for the ~~requirements~~fiscal ofyears ~~Section~~ending 13September 30, or2010 and ~~15(d)~~2009 offor ~~the~~professional ~~Securities~~services ~~Exchange~~rendered ~~Act~~by ~~of 1934,~~our principal accountant for the ~~registrant~~audit ~~has~~of ~~duly~~our ~~caused~~annual ~~this~~financial ~~report~~statements toand bereview ~~signed~~of onour ~~its~~quarterly ~~behalf~~financial ~~by the~~statements ~~undersigned~~was approximately $7,000 ~~thereunto~~and ~~duly~~$5,500, ~~authorized~~respectively.

	STALAR 3, INC.
Dated: February 5, 2010	By /s/ Bruce Wendel
	Bruce Wendel, President

Audit Related Fees

~~In accordance~~There ~~with~~were no audit related fees for the ~~Exchange~~fiscal ~~Act~~year ended September 30, ~~this~~2010. ~~report~~Audit ~~has~~related ~~been~~fees ~~signed~~include ~~below~~fees for assurance and related services rendered by the ~~following~~ ~~persons~~principal onaccountant ~~behalf~~related ofto the ~~registrant~~audit ~~and~~or inreview ~~the~~of ~~capacities~~our ~~and~~financial onstatements, not included in the ~~dates~~ ~~indicated~~foregoing paragraph.

~~By /s/~~Tax ~~Bruce~~Fees ~~Wendel~~

There were no tax fees for the fiscal years ended September 30, 2010 ~~Bruce~~and ~~Wendel~~2009. Tax fees include fees for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning.

~~CEO,~~10 ~~CFO, President and Secretary~~

~~-13-~~All Other Fees

~~STALAR 3,~~There ~~INC~~were no other professional services rendered by our principal accountant during the last two fiscal years that were not included in the above paragraphs.

(AThe engagement of the Company’s independent auditor, MSCM LLP, was approved by the Company’s Board of Directors which serves as the Audit ~~Development~~Committee. ~~Stage~~The Audit Committee does not anticipate that the Company’s auditor will provide any services other that audit services and consequently the Audit Committee has not adopted any pre-approval policies and procedures described in paragraph (c)(7)(i) of Rule 2-01 of Regulation S-X. No services described in Items 9(e)(2) through 9(e)(4) of Schedule 14A were provided by the Company’s auditors.

~~INDEX TO~~PART ~~FINANCIAL~~IV ~~STATEMENTS~~

~~PERIOD FROM~~ITEM ~~NOVEMBER~~15. 13EXHIBITS, ~~2007~~FINANCIALS ~~(Inception)~~STATEMENTS, TOFINANCIAL ~~SEPTEMBER~~STATEMENT ~~30, 2009~~SCHEDULES.

	Page No.
FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm	F-1
Balance Sheets	F-2
Statements of Operations	F-3
Statements of Cash Flows	F-4
Statements of Changes in Stockholders’ Deficit	F-5
Notes to Financial Statements	F-6 to F-9

(a)(1) FINANCIAL STATEMENTS. The following financial statements are included in this report:

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


Title of Document		Page
Report of Independent Registered Public Accounting Firm		F-2
Balance Sheets		F-3
Statements of Operations		F-4
Statements of Cash Flows		F-5
Statement of Changes in Stockholder’s Deficit		F-6
Notes to Financial Statements		F-7 to F-10

~~To the~~(a)(2) ~~Board~~FINANCIAL ofSTATEMENT ~~Directors~~SCHEDULES. ~~and~~The ~~Stockholders~~following financial statement schedules are included as part of this report:

~~Stalar 3, Inc~~None. ~~(A Development Stage Company)~~

~~We have audited the accompanying balance sheets of Stalar~~ (a)(3,) ~~Inc~~EXHIBITS. asThe offollowing ~~September~~exhibits ~~30, 2009~~are ~~and~~included ~~2008~~as ~~and~~part ~~the related statements~~ of ~~operations,~~this ~~changes~~report: in stockholders’ deficit and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.


Exhibit Number		Title of Document

3.1		Articles of Incorporation (1)

3.1(i)		Certificate of Correction to Certificate of Incorporation (1)

3.2		Bylaws (1)

14.1		Code of Ethics (2)

23.1		Consent of MSCM LLP

31.1		Certification of principal executive officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2		Certification of principal financial officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1		Certification of principal executive officer and principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In(1) ~~our opinion,~~Incorporated ~~the~~by ~~financial~~reference ~~statements~~from ~~referred to above present fairly, in all material respects,~~ the ~~financial~~Company’s ~~position~~registration ofstatement ~~Stalar~~on 3,Form ~~Inc.~~10-SB asfiled ofon ~~September~~December 3012, ~~2009~~ ~~and 2008, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America~~2007.

~~The accompanying~~(2) ~~financial~~Incorporated ~~statements~~by ~~have~~reference ~~been~~from ~~prepared assuming that~~ the Company ~~will~~’s ~~continue~~Quarterly asReport aon ~~going~~Form ~~concern. As~~10-Q ~~discussed~~filed inon ~~Note~~May ~~A to the financial statements~~7, ~~the Company has never generated revenue and is unlikely to generate earnings in the immediate or foreseeable future~~2009. These conditions raise substantial doubt as to the ability of the Company to continue as a going concern. Managements’ plans in regards to these matters are described in Note A. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~Signed: “MSCM~~11 ~~LLP”~~

~~January 28,~~SIGNATURES ~~2010~~

~~F-1~~Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

STALAR 3, INC.

(AIn accordance with the Exchange Act, this report has ~~Development~~been ~~Stage~~signed ~~Company)~~below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

~~BALANCE SHEETS~~By /s/ BRUCE WENDEL Bruce Wendel CEO, CFO, President and Secretary

~~SEPTEMBER 30,~~Dated: ~~2009~~December ~~AND~~17, ~~2008~~2010

	2009			2008
ASSETS
Current assets
Cash	$	89		$	544
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable and accrued expenses	$	10,458		$	1,869
Loan payable - Officer		21,803			10,910
Total current liabilities		32,261			12,779
Stockholders' deficit
Preferred stock - $0.0001 par value; 25,000,000 shares authorized; none issued or outstanding		-			-
Common stock - $0.0001 par value; 75,000,000 shares authorized; 2,022,500 and 2,000,000 issued and outstanding		202			200
Additional paid-in capital		898			-
Deficit accumulated during the development stage		(33,272	)		(12,435	)
Total stockholders' deficit		(32,172	)		(12,235	)
	$	89		$	544

~~F-2~~STALAR 3, INC.

~~STALAR 3,~~(A ~~INC.~~Development Stage Company)

~~(A Development~~INDEX ~~Stage~~TO ~~Company)~~FINANCIAL STATEMENTS

~~STATEMENTS OF~~PERIOD ~~OPERATIONS~~FROM NOVEMBER 13, 2007 (Inception) TO SEPTEMBER 30, 2010

				November 13, 2007			November 13, 2007
	PageNo.
	Year Ended			(Inception) to			(Inception) to
FINANCIAL STATEMENTS
	September 30, 2009			September 30, 2008			September 30, 2009
Report of Independent Registered Public Accounting Firm	F-2
Revenues	$	-		$	-		$	-
Balance Sheets	F-3
General and administrative expenses
Statements of Operations	F-4
Professional fees		19,725			6,269			25,994
Statements of Cash Flows	F-5
Organization costs		-			5,708			5,708
Statement of Changes in Stockholder’s Deficit	F-6
Interest expense		750			-			750
Notes to Financial Statements	F-7 to F-10
Sundry		362			458			820
		20,837			12,435			33,272
Net loss	$	(20,837	)	$	(12,435	)	$	(33,272	)
Loss per common share:
basic and diluted	$	(0.01	)	$	(0.006	)
Weighted average number of
common shares outstanding,
basic and diluted		2,015,904			2,000,000

~~The~~F-1 ~~accompanying notes are an integral part of these financial statements.~~

STALAR 3, INC.


701 Evans Avenue	telephone:	(416) 626-6000
8th Floor	facsimile:	(416) 626-8650
Toronto, Ontario Canada	email:	info@mscm.ca
M9C 1A3	website:	www.mscm.ca

(A ~~Development~~REPORT ~~Stage~~OF ~~Company)~~INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

~~STATEMENTS OF~~To ~~CASH~~the ~~FLOWS~~Board of Directors and Stockholders of

				November 13, 2007			November 13, 2007
	Year Ended			(Inception) to			(Inception) to
	September 30, 2009			September 30, 2008			September 30, 2009
Cash flows from operating activities:
Net loss	$	(20,837	)	$	(12,435	)	$	(33,272	)
Increase in cash flows from operating activities resulting from changes in:
Accounts payable and accrued expenses		8,589			1,869			10,458
Net cash used in operating activities		(12,248	)		(10,566	)		(22,814	)
Cash flows from financing activities:
Proceeds from issuance of common stock		900			200			1,100
Loans from Officer		10,893			10,910			21,803
Net cash provided by financing activities		11,793			11,110			22,903
Net (decrease) increase in cash		(455	)		544			89
Cash, beginning of period		544			-			-
Cash, end of period	$	89		$	544		$	89

Stalar 3, Inc. (A Development Stage Company)

~~The~~ We have audited the accompanying ~~notes~~balance ~~are~~sheets anof ~~integral~~Stalar ~~part~~3, Inc. as of September 30, 2010 and 2009 and the related statements of operations, changes in stockholders’ deficit and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

~~F-4~~We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

~~STALAR~~ In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Stalar 3, ~~INC~~Inc. as of September 30, 2010 and 2009, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

(The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note A to the ~~Development~~financial ~~Stage~~statements, the Company) has never generated revenue and is unlikely to generate earnings in the immediate or foreseeable future. These conditions raise substantial doubt as to the ability of the Company to continue as a going concern. Managements’ plans in regards to these matters are described in Note A. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~STATEMENT OF~~Signed: ~~CHANGES~~/s/ INMSCM ~~STOCKHOLDERS’~~LLP ~~DEFICIT~~Toronto, Ontario December 13, 2010

							Deficit
							Accumulated
					Additional		During
					Paid-in		Development
	Shares		Amount		Capital		Stage			Total
Shares issued at inception, November 13, 2007		-	$	-	$	-	$	-		$	-
Shares issued for cash, at par $.0001		2,000,000		200		-		-			200
Net loss for the period		-		-		-		(12,435	)		(12,435	)
Balance, September 30, 2008		2,000,000		200		-		(12,435	)		(12,235	)
Shares issued for cash, at $.04 per share		22,500		2		898		-			900
Net loss for the year		-		-		-		(20,837	)		(20,837	)
Balance, September 30, 2009		2,022,500	$	202	$	898	$	(33,272	)	$	(32,172	)

F-2

~~F-5~~STALAR 3, INC.

~~STALAR 3,~~(A ~~INC.~~Development Stage Company)

~~(A Development~~BALANCE ~~Stage~~SHEETS ~~Company)~~

~~NOTES TO~~SEPTEMBER ~~FINANCIAL~~30, ~~STATEMENTS~~2010 AND 2009

SEPTEMBER 30, 2009


	2010			2009
ASSETS
Current assets
Cash	$	—		$	89

LIABILITIES AND STOCKHOLDER’S DEFICIT
Current liabilities
Accounts payable and accrued expenses	$	5,000		$	10,458
Due to Parent		16,423			—
Loan payable - Officer		—			21,803

Total current liabilities		21,423			32,261

Stockholder’s deficit
Preferred stock - $0.0001 par value; 25,000,000 shares authorized; none issued or outstanding		—			—
Common stock - $0.0001 par value; 75,000,000 shares authorized; 2,022,500 issued and outstanding		202			202
Additional paid-in capital		24,659			898
Deficit accumulated during the development stage		(46,284	)		(33,272	)

Total stockholder’s deficit		(21,423	)		(32,172	)

	$	—		$	89

~~NOTE~~The Aaccompanying –notes ~~NATURE~~are OFan ~~BUSINESS AND~~integral ~~BASIS~~part OFof ~~PRESENTATION~~these financial statements.

~~Stalar~~ F-3~~, Inc. (‟the~~ Company‟) was incorporated in the State of Delaware on November 13, 2007. The Company, which is in the development stage, is a “shell company” because it has no or nominal assets, other than cash, and no or nominal operations. The Company was formed to pursue a business combination with an operating private company, foreign or domestic, seeking to become a reporting, “public” company. No assurances can be given that the Company will be successful in locating or negotiating with any target company. The Company has been engaged in organizational efforts, obtaining initial financing and has commenced negotiations with various operating entities; however, has not entered into any letter of intent to date.

~~NOTE~~STALAR B3, –INC. ~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~

~~Use~~(A ~~of Estimates~~Development Stage Company)

~~The preparation~~STATEMENTS ofOF ~~financial~~OPERATIONS statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Income Taxes


	Year Ended September 30, 2010			Year Ended September 30, 2009			November 13, 2007 (Inception) to September 30, 2010
Revenues	$	—		$	—		$	—

General and administrative expenses
Professional fees		9,790			19,725			35,784
Organization costs		—			—			5,708
Interest expense		183			750			933
Sundry		3,039			362			3,859

		13,012			20,837			46,284

Net loss	$	(13,012	)	$	(20,837	)	$	(46,284	)

Loss per common share:
basic and diluted	$	(0.01	)	$	(0.01	)

Weighted average number of common shares outstanding, basic and diluted		2,022,500			2,015,904

~~Income taxes~~The ~~are~~accompanying ~~calculated~~notes ~~using the asset and liability method, under which deferred tax assets and liabilities~~ are ~~recorded~~an ~~based~~integral onpart ~~the difference between the financial statement and tax basis~~ of ~~assets~~these and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is primarily dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. In determining the future tax consequences of events that have been recognized in the Company’s financial statements ~~or tax returns, judgment is required~~.

F-64

~~(A Development~~STALAR ~~Stage~~3, ~~Company)~~INC.

~~NOTES TO~~(A ~~FINANCIAL~~Development ~~STATEMENTS~~Stage Company)

~~SEPTEMBER 30,~~STATEMENTS ~~2009~~OF CASH FLOWS

(Continued)


	Year Ended September 30, 2010			Year Ended September 30, 2009			November 13, 2007 (Inception) to September 30, 2010
Cash flows from operating activities:
Net loss	$	(13,012	)	$	(20,837	)	$	(46,284	)
(Decrease) increase in cash flows from operating activities resulting from changes in:
Accounts payable and accrued expenses		(4,525	)		8,589			5,933

Net cash used in operating activities		(17,537	)		(12,248	)		(40,351	)

Cash flows from financing activities:
Due to Parent		16,423			—			16,423
Loans payable - Officer		1,025			10,893			22,828
Proceeds from issuance of common stock		—			900			1,100

Net cash provided by financing activities		17,448			11,793			40,351

Net decrease in cash		(89	)		(455	)		—
Cash, beginning of period		89			544			—

Cash, end of period	$	—		$	89		$	—

Supplemental cash flow information:
Non-cash investing and financing activities Officer’s loan contributed to capital	$	23,761		$	—		$	23,761

~~NOTE~~The Baccompanying –notes ~~SUMMARY~~are ~~OF SIGNIFICANT~~an ~~ACCOUNTING~~integral ~~POLICIES~~part ~~(continued)~~of these financial statements.

~~Income taxes~~F-5 ~~(continued)~~

~~Loss~~STALAR ~~Per Share~~3, INC.

~~The Company~~(A ~~uses~~Development ~~SFAS~~Stage ~~No. 128, “Earnings Per Share”, which was primarily codified into Topic 260 “Earnings Per Share”, for calculating the basic and diluted loss per share. The~~ Company) computes basic loss per share by dividing net loss and net loss attributable to common stockholders by the weighted average number of common shares outstanding. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential shares had been issued and if the additional shares were dilutive. Common equivalent shares are excluded from the computation of net loss per share if their effect is anti-dilutive. The Company does not have any common stock equivalents.

~~Fair~~STATEMENT ~~Value Measurements~~OF CHANGES IN STOCKHOLDER’S DEFICIT

Effective January 1, 2008, the Company adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards (“SFAS”) No. 157, “Fair Value Measurements”, which was primarily codified into Topic 820 “Fair Value Measurements and Disclosures”, as amended. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. The standard utilizes a fair value hierarchy which is categorized into three levels based on the inputs to the valuation techniques used to measure fair value. The standard does not require any new fair value measurements, but discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flows) and the cost approach (cost to replace the service capacity of an asset or replacement cost).


	Shares		Amount		Additional Paid-in Capital		Deficit Accumulated During Development Stage			Total
Shares issued at inception, November 13, 2007		—	$	—	$	—	$	—		$	—
Shares issued for cash, at par $.0001		2,000,000		200		—		—			200
Net loss for the period		—		—		—		(12,435	)		(12,435	)

Balance, September 30, 2008		2,000,000		200		—		(12,435	)		(12,235	)
Shares issued for cash, at $.04 per share		22,500		2		898		—			900
Net loss for the year		—		—		—		(20,837	)		(20,837	)

Balance, September 30, 2009		2,022,500	$	202	$	898	$	(33,272	)	$	(32,172	)
Officer’s loan contributed to capital		—		—		23,761		—			23,761
Net loss for the year		—		—		—		(13,012	)		(13,012	)

Balance, September 30, 2010		2,022,500	$	202	$	24,659	$	(46,284	)	$	(21,423	)

~~Fair~~The ~~Value~~accompanying notes are an integral part of ~~Financial Instruments~~these financial statements.

~~The~~F-6 Company’s financial instruments consist of cash, accounts payable and accrued expenses and loan payable – officer. The carrying value approximates fair value due to the short maturity of these instruments.

~~The Company’s~~STALAR ~~Certificate of Incorporation authorizes the issuance of up to 25~~3,~~000,000~~ ~~shares of preferred stock~~INC. As of September 30, 2009 and 2008, there was no preferred stock outstanding. The Board of Directors, without the requirement of shareholder approval, can issue preferred shares with dividend, preferences, liquidation, conversion, voting and other rights which could adversely affect the voting power or other rights of the holders of common stock.

~~F-7~~(A Development Stage Company)

~~STALAR 3,~~NOTES ~~INC.~~TO FINANCIAL STATEMENTS

~~(A Development~~SEPTEMBER ~~Stage~~30, ~~Company)~~2010

~~NOTES TO~~NOTE ~~FINANCIAL~~A ~~STATEMENTS~~– NATURE OF BUSINESS AND BASIS OF PRESENTATION

~~SEPTEMBER~~Stalar 3, Inc. (“the Company”) was incorporated in the State of Delaware on November 13, 2007. The Company, which is in the development stage, is a “shell company” because it has 30no or nominal assets, ~~2009~~other than cash, and no or nominal operations. The Company was formed to pursue a business combination with an operating private company, foreign or domestic, seeking to become a reporting, “public” company. No assurances can be given that the Company will be successful in locating or negotiating with any target company. The Company has been engaged in organizational efforts, obtaining initial financing and has commenced negotiations with various operating entities; however, has not entered into any letter of intent to date.

~~(Continued)~~The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America, which contemplate continuation of the Company as a going concern. The Company, however, has minimal assets and working capital and lacks a sufficient source of revenues, which raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern and to realize its assets and to discharge its liabilities is dependent upon the Company’s management securing a business combination. Management intends to fund working capital requirements for the foreseeable future and believes that the current business plan if successfully implemented may provide the opportunity for the Company to continue as a going concern. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern.

NOTE DB – ~~INCOME TAXES~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

AsUse of ~~September~~ ~~30,~~Estimates 2009, there were loss carryforwards for Federal income tax purposes of approximately $32,000, available to offset future taxable income. The carryforwards begin to expire in 2028. The Company does not expect to incur a Federal income tax liability in the foreseeable future. As of September 30, 2009 and 2008, the Company had a deferred tax asset amounting to approximately $11,000 and $4,000, respectively. Realization of deferred tax assets is dependent on future earnings, if any, the timing and amount of which is uncertain. Accordingly, the deferred tax asset has been fully offset by a valuation allowance of the same amount.

~~Certain provisions~~The preparation of financial statements in conformity with accounting principles generally accepted in the ~~tax~~United ~~law~~States ~~may~~of ~~limit~~America ~~net~~requires ~~operating~~management ~~loss~~to ~~carryforwards~~make ~~available~~estimates and assumptions that affect the ~~for~~reported ~~use~~amounts inof ~~any~~assets ~~given~~and ~~year~~liabilities, inand disclosure of contingent assets and liabilities, at the ~~event~~date of athe ~~significant~~financial ~~change~~statements inand ~~ownership~~the reported amounts of revenues and expenses during the reporting period. ~~See~~Actual results could differ from ~~Note~~those Hestimates.

~~NOTE~~Income ETaxes ~~– RECENTLY ISSUED ACCOUNTING STANDARDS~~

~~In December~~Income ~~2007,~~taxes ~~the~~are ~~FASB~~calculated ~~issued~~using ~~and,~~the inasset ~~April~~and ~~2009~~liability method, ~~amended~~under awhich ~~new~~deferred ~~business combinations~~tax ~~standard~~assets ~~codified~~and ~~within~~liabilities ~~ASC~~are ~~805~~recorded ~~which~~based ~~establishes~~on ~~principles~~the ~~and requirements~~difference ~~for~~between ~~how~~the anfinancial ~~acquirer~~statement ~~recognizes~~ and ~~measures~~tax inbasis ~~its financial~~of ~~statements the identifiable~~ assets ~~acquired,~~and ~~the~~ liabilities ~~assumed,~~using ~~any noncontrolling~~enacted ~~interest~~tax rates in ~~the~~effect ~~acquiree~~for ~~and~~ the ~~goodwill~~year ~~acquired.~~in ~~The~~which ~~standard also~~the ~~establishes~~differences ~~disclosure~~are ~~requirements~~expected ~~that~~to ~~will~~reverse. ~~enable~~In ~~users~~assessing ~~to evaluate~~ the ~~nature~~ ~~and~~realizability ~~financial effects~~ of ~~the~~deferred ~~business~~tax ~~combination.~~assets, ~~The~~management ~~intent~~considers ofwhether ~~the amendment~~it is tomore ~~address~~likely ~~application~~than ~~issues~~not onthat ~~initial~~some ~~recognition and~~portion ~~measurement,~~or ~~subsequent~~all ~~measurement~~of ~~and~~the ~~accounting,~~deferred ~~and~~tax ~~disclosure~~assets ofwill ~~assets~~not ~~and liabilities~~be ~~arising~~realized. ~~from~~The ~~contingencies~~ultimate inrealization aof ~~business~~deferred ~~combination.~~tax ~~This~~assets ~~standard~~ is ~~effective~~primarily asdependent ofupon the ~~beginning~~generation of anfuture ~~entity’s~~taxable ~~fiscal~~income ~~year~~during ~~that~~the ~~begins~~periods ~~after December 15,~~in ~~2008,~~ which ~~will~~those betemporary ~~our~~differences ~~fiscal~~become ~~year~~deductible. ~~beginning~~In determining ~~October~~the 1,future ~~2009. Our~~tax ~~adoption~~consequences ~~will~~of ~~apply~~events ~~prospectively~~that tohave ~~business~~been ~~combinations~~recognized ~~completed~~in onthe Company’s financial statements or ~~after~~ ~~that~~tax ~~date~~returns, judgment is required.

InF-7 December 2007, the FASB issued accounting guidance regarding noncontrolling interests. The guidance establishes accounting and reporting standards for the noncontrolling interest in a subsidiary or affiliate and for the deconsolidation of a subsidiary or affiliate. It clarifies that a noncontrolling interest in a subsidiary or affiliate is an ownership interest in the consolidated entity that should be reported as equity in the consolidated balance sheets and to separately report the amounts attributable to controlling and noncontrolling interests in the consolidated statements of operations and changes in equity for all periods presented. This standard is effective as of the beginning of an entity's fiscal year beginning after December 15, 2008, which will be our fiscal year beginning October 1, 2009. The Company does not expect the adoption to have a material impact on its results of operations, financial position or cash flows.

STALAR 3, INC.

Dated: December 17, 2010

/s/ BRUCE WENDEL

Bruce Wendel, President,

CFO and Director

InSTALAR ~~June 2009~~3, ~~the FASB issued new guidance on accounting standards codification and the hierarchy of generally accepted accounting principles~~INC. The FASB ACCOUNTING STANDARDS CODIFICATION (TM) (Codification) will become the source of authoritative U.S. generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. This Statement is effective for financial statements issued for interim and annual periods ending after September 15, 2009.

~~F-8~~(A Development Stage Company)

~~STALAR 3,~~NOTES ~~INC.~~TO FINANCIAL STATEMENTS

~~(A Development~~SEPTEMBER ~~Stage~~30, ~~Company)~~2010

~~NOTES TO~~(Continued) ~~FINANCIAL STATEMENTS~~

~~SEPTEMBER 30,~~NOTE ~~2009~~B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Income taxes (~~Continued~~continued)

~~NOTE~~Interest Fand -penalties ~~RELATED~~related ~~PARTY~~to uncertain tax positions will be recognized in the financial statements as a component of the income tax provision. Significant judgment is required to evaluate uncertain ~~TRANSACTIONS~~tax positions. The Company will evaluate its uncertain tax positions on a quarterly and annual basis. The evaluations are based upon a number of factors, including changes in facts or circumstances, changes in tax law, correspondence with tax authorities during the course of audits and effective settlement of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in the Company’s income tax expense in the period in which the change is made.

~~Equity Transaction~~Loss Per Share

~~In November~~The ~~2007~~Company uses SFAS No. 128, “Earnings Per Share”, which was primarily codified into Topic 260 “Earnings Per Share”, for calculating the basic and diluted loss per share. The Company ~~issued~~computes ~~2,000,000~~basic ~~shares~~loss per share by dividing net loss and net loss attributable to common stockholders by the weighted average number of common ~~stock~~shares outstanding. Diluted loss per share is computed similar to basic loss per share except that the ~~sole officer~~denominator is increased to include the number of additional common shares that would have been outstanding if the potential shares had been issued and ~~director~~if ~~for~~the ~~total~~additional ~~proceeds~~shares were dilutive. Common equivalent shares are excluded from the computation of ~~$200~~net loss per share if their effect is anti-dilutive. The Company does not have any common stock equivalents.

~~Loan~~Fair ~~Payable~~Value ~~- Officer~~Measurements

~~The~~Effective January 1, 2008, the Company adopted ~~officer~~Financial ~~had~~Accounting ~~advanced~~Standards ~~funds~~Board to(“FASB”) ~~the~~Statement ~~Company~~of toFinancial ~~cover~~Accounting ~~cash~~Standards ~~requirements~~(“SFAS”) No. 157, ~~The~~“Fair ~~loan~~Value Measurements”, which was primarily codified into Topic 820 “Fair Value Measurements and isDisclosures”, ~~unsecured~~as amended. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. The standard utilizes a fair value hierarchy which is ~~payable~~categorized into three levels based on ~~demand~~the ~~with~~inputs ~~interest~~to the atvaluation techniques used to measure fair value. The standard does not require any new fair value measurements, but discusses valuation techniques, such as the ~~prime~~market approach (comparable market prices), the income approach (present value of ~~rate~~future income or cash flows) and the cost approach (cost to replace the service capacity of an asset or replacement cost).

~~NOTE~~Fair GValue –of ~~EQUITY TRANSACTIONS~~Financial Instruments

~~In January~~The ~~2009,~~Company’s ~~the~~financial ~~Company~~instruments ~~issued~~consist 22of cash,~~500~~ ~~shares~~accounts ofpayable ~~common~~and ~~stock~~accrued expenses, due to ~~unrelated parties~~parent, atand ~~$.04~~loan ~~per~~payable ~~share,~~– ~~for~~officer. ~~total~~The ~~cash~~carrying ~~proceeds~~value ofapproximates ~~$900,~~fair ~~pursuant~~value due to athe ~~Common~~short ~~Stock~~maturity ~~offering~~of these instruments.

NOTE HC – ~~SUBSEQUENT EVENT~~PREFERRED STOCK

~~In December~~The ~~2009,~~Company’s ~~all~~Certificate of Incorporation authorizes the ~~Company’s~~issuance ~~shares~~of ~~were~~up ~~acquired~~to by25,000,000 anshares ~~unrelated~~of ~~party for~~preferred ~~cash~~stock. ~~Pursuant~~As toof ~~certain~~September 30, ~~provisions~~2010 and 2009, there was no preferred stock outstanding. The Board of Directors, without the ~~tax~~requirement ~~law~~of shareholder approval, ~~this~~can ~~event~~issue ispreferred ~~a significant~~shares ~~change~~with individend, ~~ownership~~preferences, ~~that~~liquidation, ~~will~~conversion, ~~limit~~voting ~~net~~and ~~operating~~other ~~loss~~rights ~~carryforwards available~~which ~~for~~could ~~use~~adversely inaffect ~~any~~the ~~given~~voting ~~year.~~power ~~See~~or ~~Note~~other Drights of the holders of common stock.

F-98

STALAR 3, INC.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

SEPTEMBER 30, 2010

(Continued)

NOTE D – INCOME TAXES

As of September 30, 2010, there were loss carryforwards for Federal income tax purposes of approximately $46,000, available to offset future taxable income. The carryforwards begin to expire in 2028. The Company does not expect to incur a Federal income tax liability in the foreseeable future. As of September 30, 2010 and 2009, the Company had a deferred tax asset amounting to approximately $16,000 and $11,000, respectively. Realization of deferred tax assets is dependent on future earnings, if any, the timing and amount of which is uncertain. Accordingly, the deferred tax asset has been fully offset by a valuation allowance of the same amount. As of September 30, 2010 and 2009, we did not recognize any assets or liabilities relative to uncertain tax positions.

Certain provisions of the tax law may limit net operating loss carryforwards available for use in any given year in the event of a significant change in ownership. See Note G.

NOTE E – RECENTLY ISSUED ACCOUNTING STANDARDS

In December 2007, the FASB issued and, in April 2009, amended a new business combinations standard codified within ASC 805 which establishes principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, any noncontrolling interest in the acquiree and the goodwill acquired. The standard also establishes disclosure requirements that will enable users to evaluate the nature and financial effects of the business combination. The intent of the amendment is to address application issues on initial recognition and measurement, subsequent measurement and accounting, and disclosure of assets and liabilities arising from contingencies in a business combination. This standard was effective as of the beginning of an entity’s fiscal year that begins after December 15, 2008, which was our 2010 fiscal year beginning October 1, 2009. Our adoption will apply prospectively to business combinations completed on or after that date.

In December 2007, the FASB issued accounting guidance regarding noncontrolling interests. The guidance establishes accounting and reporting standards for the noncontrolling interest in a subsidiary or affiliate and for the deconsolidation of a subsidiary or affiliate. It clarifies that a noncontrolling interest in a subsidiary or affiliate is an ownership interest in the consolidated entity that should be reported as equity in the consolidated balance sheets and to separately report the amounts attributable to controlling and noncontrolling interests in the consolidated statements of operations and changes in equity for all periods presented. This standard was effective as of the beginning of an entity’s fiscal year beginning after December 15, 2008, which was our 2010 fiscal year beginning October 1, 2009. The adoption did not have a material impact on the Company’s results of operations, financial position or cash flows.

In June 2009, the FASB issued guidance requiring an analysis to determine whether a variable interest gives the entity a controlling financial interest in a variable interest entity. This guidance requires an ongoing reassessment and eliminates the quantitative approach previously required for determining whether an entity is the primary beneficiary. This guidance is effective for fiscal years beginning after November 15, 2009. Accordingly, we will adopt this guidance with our fiscal year beginning October 1, 2010. The Company does not expect the adoption to have a material impact on its results of operations, financial position or cash flows.

In June 2009, the FASB issued new guidance on accounting standards codification and the hierarchy of generally accepted accounting principles. The FASB ACCOUNTING STANDARDS CODIFICATION (TM) (Codification) has become the source of authoritative U.S. generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. This Statement was effective for financial statements issued for interim and annual periods ending after September 15, 2009.

F-9

STALAR 3, INC.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

SEPTEMBER 30, 2010

(Continued)

NOTE F – RELATED PARTY TRANSACTIONS

Due to Parent

The Company has received cash advances from the Parent to help fund the Company’s operations. The unsecured advances are non-interest bearing and are due on demand.

Loan Payable – Officer

The officer had advanced funds to the Company to cover cash requirements. The loan is unsecured and is payable on demand with interest at the prime rate.

Equity Transaction

In November 2007, the Company issued 2,000,000 shares of common stock to the sole officer and director for total proceeds of $200.

NOTE G – EQUITY TRANSACTIONS

In December 2009, all of the Company’s shares were acquired by an unrelated party for cash. Pursuant to certain provisions of the tax law, this event is a significant change in ownership that will limit net operating loss carryforwards available for use in any given year. See Note D.

In January 2009, the Company issued 22,500 shares of common stock to unrelated parties at $.04 per share, for total cash proceeds of $900, pursuant to a Common Stock offering.

F-10

Filing Compare · Stalar 3 Inc.