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Panacea Global, Inc. - Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from Operating Activities    
Net Loss $ (2,610,676) $ (845,652)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,177,800 20,000
Depreciation 13,137 14,584
Loss (income) from equity method investment 1,704 [1] (5,533) [1]
Change in assets and liabilities:    
Accounts receivable, increase decrease (85,159) 24,404
Prepaid expenses, increase decrease (2,917) (17,180)
Accounts payable and accrued liabilities, increase decrease (58,819) (103,343)
License fee payable, increase decrease (574,211) (491,629)
Net cash used in operating activities (2,139,141) (1,404,349)
Cash Flows from Investing Activities    
Purchases of property and equipment (13,011) (14,620)
Net cash used in investing activities (13,011) (14,620)
Cash Flows From Financing Activities    
Issuance of common stock for cash   1,709,092
Proceeds (payment) from (to) related parties, net (26,651) (201,852)
Net cash provided by (used in) financing activities (26,651) 1,507,240
Effect of exchange rate on cash (78,552) (22,079)
Net change in cash (2,257,355) 66,192
Cash, Beginning of Period 2,309,563 109,151
Cash, End of Period 52,208 175,343
Supplemental Disclosures of Cash Flow Information:    
Interest paid      
Taxes paid      
[1] See Note 5