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Consolidated Statement of Stockholders Equity (Deficit) (USD $) | Common Stock Shares | Common Stock Amount | Additional Paid-in Capital | Share Subscriptions Received | Other Comprehensive income (loss) | Deficit Accumulated during the Development Stage | Total
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Aug. 04, 2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Issuance of founders' shares | 1 | 0 | 0 | 0 | 0 | 0 | 0
Issuance of shares for cash | 474,647 | 475 | 236,848 | 30,000 | 0 | 0 | 267,323
Issuance of shares for services | 3,670,319 | 3,670 | 431,490 | 0 | 0 | 0 | 435,160
Foreign currency translation | $ 0 | $ 0 | $ 0 | $ 0 | $ (39,292) | $ 0 | $ (39,292)
Net loss for the period | 0 | 0 | 0 | 0 | 0 | (894,120) | (894,120)
Balance at Dec. 31, 2010 | 4,144,967 | 4,145 | 668,338 | 30,000 | (39,292) | (894,120) | (230,929)
Common stock issued for cash | 1,859,073 | 1,859 | 1,550,256 | (30,000) | 0 | 0 | 1,522,115
Common stock issued for services | 434,726 | 435 | 362,047 | 0 | 0 | 0 | 362,484
Common stock issued in advance of services | 350,000 | 350 | 349,650 | 0 | 0 | 0 | 350,000
Recapitalization pursuant to reverse merger | 1,212,000 | 1,212 | (2,162) | 0 | 0 | 0 | (950)
Stock issued to settle debt | 644,886 | 645 | 1,169,298 | 0 | 0 | 0 | 1,169,943
Relative fair value of warrants attached to common stock sold for cash | 0 | 0 | 73,791 | 0 | 0 | 0 | 73,791
Employee stock options granted for services | 0 | 0 | 16,507 | 0 | 0 | 0 | 16,507
Warrants granted for services | 0 | 0 | 390,529 | 0 | 0 | 0 | 390,529
Foreign currency translation. | 0 | 0 | 0 | 0 | 43,930 | 0 | 35,915
Net loss for the year | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ (2,608,463) | $ (2,608,463)
Balance at Dec. 31, 2011 | 8,645,652 | 8,646 | 4,578,254 | 0 | 4,638 | (3,502,583) | 1,088,955

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