Panacea Global, Inc. - Balance Sheets (USD $)	Sep. 30, 2014		Dec. 31, 2013
Current Assets:
Cash	$ 52,208		$ 2,309,563
Accounts receivable	123,566		38,407
Accounts receivable, related party	292,895	[1]	133,531	[1]
Prepaid expenses	13,550		10,633
TOTAL CURRENT ASSETS	482,219		2,492,134
Property and equipment, net	78,110	[2]	78,236	[2]
Equity method investment	909,968	[3]	911,672	[3]
Intangible asset, net	50,000,000	[4]	50,000,000	[4]
Total Assets	51,470,297		53,482,042
LIABILITIES
Accounts payable and accrued liabilities, current	331,255		390,074
Deferred revenue, current	1,000,000	[3]	1,000,000	[3]
License fee payable, current		[4]	574,211	[4]
Due to related parties, current	986,453	[1]	853,740	[1]
TOTAL LIABILITIES	2,317,708		2,818,025
Stockholders' Equity
Preferred Stock	0	[5]	0	[5]
Capital Stock	106,748	[6]	105,998	[6]
Additional paid-in capital	56,322,833		55,145,783
Accumulated deficit	(7,331,646)		(4,720,970)
Accumulated other comprehensive income	54,654		133,206
Total Stockholders' Equity	49,152,589		50,664,017
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 51,470,297		$ 53,482,042

[1] See Note 9

[2] See Note 4

[3] See Note 5

[4] See Note 6

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

[6] $0.001 par value; 300,000,000 shares authorized; 106,747,586 issued and outstanding (December 31, 2013- 105,997,586); See Note 7