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Panacea Global, Inc. - Statements of Operations (USD $)
3 Months Ended 6 Months Ended 53 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Income Statement          
Revenue               
EXPENSES          
Professional fees 103,220 72,094 134,731 103,020 885,773
Cost of reorganization         39,300
Filing Fees 2,308 2,039 4,322 4,340 39,697
Office and General 432,982 193,839 750,493 305,045 2,621,900
Depreciation 3,774 4,859 8,736 9,349 46,236
Stock based compensation 802,800   802,800   1,927,167
Salaries and benefits 122,675 69,704 226,240 88,133 882,240
TOTAL EXPENSES 1,467,759 342,535 1,927,322 509,887 6,442,313
Equity income/ (loss) pickup (1,472) [1] 5,696 [1] (1,680) [1] 5,646 [1] (90,008) [1]
Net loss before income taxes (1,469,231) (336,839) (1,929,002) (504,241) (6,532,321)
Tax expense         (117,651)
Net Loss (1,469,231) (336,839) (1,929,002) (504,241) (6,649,972)
Foreign currency adjustment (24,325) 6,249 (103,543) 20,653 29,663
Comprehensive Loss $ (1,493,556) $ (330,590) $ (2,032,545) $ (483,588) $ (6,620,309)
Net loss per share-basic and diluted $ (0.01) $ 0.00 $ (0.02) $ (0.01) $ (0.07)
Weighted number of shares outstanding- basic and diluted 105,997,586 98,133,872 105,997,586 97,551,962 90,372,511
[1] See Note 5