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Panacea Global, Inc. - Statements of Operations (USD $)
3 Months Ended 50 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Income Statement      
Revenue         
EXPENSES      
Professional fees 31,511 30,926 782,553
Cost of reorganization     39,300
Filing Fees 2,014 2,301 37,389
Office and General 317,511 111,206 2,188,918
Depreciation 4,962 4,490 42,462
Stock based compensation     1,124,367
Salaries and benefits 103,565 18,429 759,565
TOTAL EXPENSES 459,563 167,352 4,974,554
Equity loss pickup (208) [1] (50) [1] (88,536) [1]
Net loss before tax (459,771) (167,402) (5,063,090)
Tax expense     (117,651)
Net Loss (459,771) (167,402) (5,180,741)
Foreign currency adjustment (79,218) 14,404 53,988
Comprehensive Loss $ (538,989) $ (152,998) $ (5,126,753)
Net loss per share-basic and diluted $ 0.00 $ 0.00 $ (0.06)
Weighted number of shares outstanding- basic and diluted 105,997,586 95,710,253 83,141,861
[1] See Note 5