Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements Of Cash Flows (Unaudited)

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Interim Consolidated Statements Of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss from continuing operations $ (432,051) $ (306,216)
Amortization 3,063   
Expenses and service costs assumed by shareholders 147,504 46,850
Issuance of common shares for expense and service 30,000   
Prepaid expenses    (4,000)
Derivative loss 44,943   
Accretion income on convertible note (2,806)   
(Decrease) in Other payables 9,614 181,948
Increase in accrual expenses 72,050 18,967
(Decrease) in other receivables (2,374) (23,772)
Net cash used in operating activities (130,057) (86,223)
Cash flows from investing activities:    
Leasehold improvements (9,092)   
Net cash used in investing activities (9,092)   
Cash flows from financing activities:    
Amount due to Director 13,330   
Proceeds from convertible note 58,000   
Proceeds from Short-term loan    79,282
Repayment of Short-term loan (79,282)   
Net cash provided by (used in) financing activities (7,952) 79,282
Effect of exchange rate changes on cash 16 (72)
Net increase/(decrease) in cash (147,085) (7,013)
Cash, beginning of period 159,297 7,946
Cash, end of period $ 12,212 $ 933