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Panacea Global, Inc. - Statements of Operations (USD $)
3 Months Ended 6 Months Ended 41 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Income Statement          
Revenue               
EXPENSES          
Professional fees 72,094 68,013 103,020 186,022 630,809
Cost of reorganization         39,300
Filing Fees 2,039 2,980 4,340 8,214 30,761
Office and General 193,839 83,489 305,045 260,752 1,230,970
Depreciation, expense 4,859 3,899 9,349 7,406 27,883
Stock-based compensation         1,124,367
Salaries and benefits 69,704 999 88,133 12,652 480,772
TOTAL EXPENSES 342,535 159,380 509,887 475,046 3,564,862
Equity income/(loss) pickup 5,696 [1] 25,632 [1] 5,646 [1] 1,114 [1] (81,778) [1]
Net loss before tax (336,839) (133,748) (504,241) (473,932) (3,646,640)
Tax expense       (46,601) (46,601)
Net Loss (336,839) (133,748) (504,241) (520,533) (3,693,241)
Foreign currency adjustment 6,249 269 20,653 1,420 109,764
Comprehensive Loss $ (330,590) $ (133,479) $ (483,588) $ (519,113) $ (3,583,477)
Net loss per share-basic and diluted $ 0.00 $ 0.00 $ (0.01) $ (0.01) $ (0.04)
Weighted number of shares outstanding- basic and diluted 98,133,872 94,536,412 97,551,962 94,301,291 97,551,962
[1] See Note 5