Panacea Global, Inc. - Balance Sheets (USD $)	Jun. 30, 2013		Dec. 31, 2012
Current Assets:
Cash	$ 311,695		$ 109,151
Other Assets, current	81,082		73,226
TOTAL CURRENT ASSETS	392,777		182,377
Investment, current	918,222	[1]	912,576	[1]
Property and equipment, net	94,654	[2]	89,384	[2]
Intangible asset, net	50,000,000	[3]	50,000,000	[3]
Total Non-Current Assets	51,012,876		51,001,960
Total Assets	51,405,653		51,184,337
LIABILITIES
Accounts payable and accrued liabilities, current	217,332		293,926
Due to related parties, current	768,873	[4]	943,019	[4]
Deferred revenue, current	1,000,000	[1]	1,000,000	[1]
License fee payable, current	1,239,056	[1]	1,562,500	[1]
TOTAL LIABILITIES	3,225,261		3,799,445
Stockholders' Equity
Preferred Stock	0	[5]	0	[5]
Capital Stock	98,616	[6]	95,364	[6]
Additional paid-in capital	51,665,253		50,389,417
Deficit accumulated during the development stage	(3,693,241)		(3,189,000)
Accumulated other comprehensive income (loss)	109,764		89,111
Total Stockholders' Equity	48,180,392		47,384,892
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 51,405,653		$ 51,184,337

[1] See Note 5

[2] See Note 9

[3] See Note 6

[4] See Note 11

[5] $0.001 par value; 100,000 shares authorized, none issued; See Note 7

[6] $0.001 par value; 300,000,000 shares authorized; 98,615,586 issued and outstanding (December 31, 2012- 95,363,586); See Note 7