2.4.0.80006 - Disclosure - NATURE OF OPERATIONS AND BASIS OF PRESENTATIONtruefalsefalse1false
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2us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse| 1falsefalsefalse00<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify">NOTE 1 - NATURE OF OPERATIONS AND
BASIS OF PRESENTATION</p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify">Innovative Product Opportunities Inc.
(the "Company" or "Innovative") was incorporated on April 3, 2009 in the State of Delaware and established
a fiscal year end of December 31. The Company is a development stage enterprise organized to provide product development. The Company
is currently in the development stage as defined in Financial Accounting Standards Board ("FASB") Accounting Standard
Codification ("ASC") 915.</p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify">On March 1, 2012 the company entered
into a license agreement with Szar International, Inc. (dba Cigar & Spirits Magazine) (-Cigar & Spirits-) and moved offices
to our new California address with Cigar and Spirits. The agreement grants Innovative the right to market the products of Cigar
& Spirits including but not limited to the sales, promotion, and advertising vehicles of the Magazine. There are no specific
rent terms included in the license agreement but verbally they have agreed to allow Innovative to use their office on an on-going
basis free of additional charge. On July 8, 2013, Innovative received written notice that Cigar & Spirits will cancel the license
agreement on August 1, 2013.</p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify">Since March 1, 2012, the Company has
not earned revenues from rights acquired under this license agreement.</p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Restatement:</p>
<p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The Balance sheet, statement of operations
and the statement of cash flows for the three and six months ended June 30, 2012 have been restated to exclude the operations and
cash flows of Cigar & Spirits. On April 11, 2013, the Company reconsidered its original conclusion and determined that the
Company is not the primary beneficiary of Cigar & Spirits since it does not have (1) the responsibility to absorb the losses
of Cigar & Spirits (2) the ability to direct the activities of Cigar & Spirits. As such, the original Form 10-Q filed by
the Company for the quarterly periods ended March 31, 2012, June 30, 2012 and September 30, 2012 should not be relied on.</p>
<p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify">A summary of the effect of the restatement
is as follows:</p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in"><i> </i></p>
<table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr>
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; font-size: 11pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.8pt; text-align: center; font-size: 11pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">As Reported</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.8pt; text-align: center; font-size: 11pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Restatement</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%"> </td>
<td colspan="2" style="vertical-align: top; border-bottom: windowtext 1pt solid; padding-right: 0.8pt; text-align: center; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">As Restated</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace"><u>Balance sheet as of June 30, 2012</u></font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Non-controlling interest</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(50,140</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">50,140</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace"> </font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace"><u>Statement of Income </u>- For the Three Months Ended June 30, 2012</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Revenue</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">32,789</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(32,789</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Cost of sales</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">615</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(615</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">General and administrative expense</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">115,777</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(59,393</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">56,384</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Stock-based compensation</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">149,333</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">149,333</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net loss attributed to non-controlling interest</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">27,219</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(27,219</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">$</p></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">-</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net loss</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(205,717</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(205,717</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net loss per share</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(0.00</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(0.00</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td colspan="2" style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace"> </font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr>
<td style="width: 1%"> </td>
<td style="width: 51%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 14%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 13%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 12%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"> </td></tr>
</table>
<p style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"> </p>
<table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: white">
<td style="vertical-align: bottom; width: 53%; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace"><u>Statement of Income </u>- For the Six Months Ended June 30, 2012</font></td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 14%; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 13%; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; width: 12%; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Revenue</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">44,644</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(44,644</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Cost of sales</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">3,678</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(3,678</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">General and administrative expense</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">163,242</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(74,558</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">88,684</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Stock-based compensation</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">149,333</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">149,333</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net loss attributed to non-controlling interest</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">33,592</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(33,592</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">$</p></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">-</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net loss</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(238,017</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(238,017</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net loss per share</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(0.00</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">-</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(0.00</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace"> </font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace"><u>Statement of Cash Flows</u> - For the Six Months Ended June 30, 2012</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net cash flows used in operating activities</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(114,278</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">31,392</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">$</p></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">(82,886</p></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0">)</p></td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net cash provided by investing activities</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">948</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(948</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">$</p></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">-</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net cash provided by financing activities</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">110,503</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(33,300</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">$</p></td>
<td style="vertical-align: top">
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0 0.8pt 0 0; text-align: right">77,203</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.75pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">Net change in cash</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(2,827</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(2,856</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td>
<td style="vertical-align: top; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">$</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">(5,683</font></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"><font style="font: 10pt Courier New, Courier, Monospace">)</font></td></tr>
</table>
<p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0"> </p>falsefalsefalse | nonnum:textBlockItemTypenaThe entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).No definition available.false0
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