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<head><title>Filed by Ched Corporate Solutions - www.chedcorp.com - 1-888-567-CHED (2433) - Development Capital Group - Form 10-Q</title> </head> <body style="MARGIN-TOP:0px; FONT-FAMILY:Times New Roman; COLOR:#000000; FONT-SIZE:10pt"><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify></font>&nbsp;</p> <div align=center> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>UNITED STATES</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>SECURITIES AND EXCHANGE COMMISSION</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>Washington, D.C. 20549</font></b></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN:0px; FONT-SIZE:14pt" align=center><b><font style=FONT-SIZE:11pt>FORM 10-Q</font></b></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt>(Mark One)</font></p> <p style=MARGIN:0px align=center><b><font face=Wingdings>x </font><font style=FONT-SIZE:11pt>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></b></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt>For the quarterly period ended <strong><u>December 31, 2013</u></strong><br></font></p> <p style=MARGIN:0px align=center><strong><font style=FONT-SIZE:11pt>OR</font></strong></p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center> <p style=MARGIN:0px align=center><b><font face=Wingdings>o </font><font style=FONT-SIZE:11pt>TRANSITIONAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></b></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt>For the transition period from ___________ to _____________</font></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p> <p style=MARGIN:0px align=center><u><font style=FONT-SIZE:11pt>Commission file number 000-54566</font></u></p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; FONT-SIZE:18pt" align=center><b><u>Development Capital Group, Inc.</u></b></p> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt>(Name of Registrant as specified in its charter)</font></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p> <p style=MARGIN:0px> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0 align=center> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><u>Florida<br></u>(State or Other Jurisdiction of Incorporation or Organization)</font></p></td> <td><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; </font></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><u><font style=FONT-SIZE:11pt>27-3746561</font></u></p> <p style="MARGIN:0px; FONT-SIZE:11pt" align=center><font style=FONT-SIZE:11pt>(IRS Employer Identification Number)</font></p></td> <td /></tr></table></p></div> <div align=justify>&nbsp;</div> <div align=justify> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0 align=center> <tr style=FONT-SIZE:0px> <td width=280 /> </tr><tr> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><b><u><font style=FONT-SIZE:11pt>(289) 208-8052</font></u></b></p></td></tr> <tr> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt>(Registrant's telephone number)</font></p></td></tr> <tr> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><u><font style=FONT-SIZE:11pt>6815 Biscayne Blvd., Suite 419, Miami, FL 33138</font></u></p></td></tr> <tr> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><font style=FONT-SIZE:11pt>(Former name, former address and former fiscal year, if changed since last report</font>)</font></p></td></tr></table></div> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>&nbsp;</p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt>Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [ ] No</font></p> <p style=MARGIN:0px align=center> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt>Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167; 229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [ ] No [X]</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=center><br></p></font> <p style=MARGIN:0px align=center> <p style="MARGIN-TOP:6px; MARGIN-BOTTOM:6px; FONT-SIZE:11pt" align=center><font style=FONT-SIZE:11pt>Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.<br></font></p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt>Large accelerated filer <font size=3>[ ]</font> Accelerated filer <font size=3>[ ]</font> Non-accelerated filer <font size=3>[ ]</font> Smaller reporting company<strong> </strong><font size=3>[X]</font><br><br></font><font style=FONT-SIZE:11pt>(Do not check if a smaller reporting company)<br><br>Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=center><br></p></font> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><font style=FONT-SIZE:11pt>State the number of shares outstanding of each of the issuer<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s classes of common stock, as of the latest practicable date: 25,890,000 common shares as of February 13, 2014</font>.</font></p></font> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center>&nbsp;</p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=center><b><u>TABLE OF CONTENTS</u></b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify> <table width=100% bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=73> <td> <td width=37 /> </tr><tr> <td width=539 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><b>PART I &#150; FINANCIAL INFORMATION</b></p></td> <td width=37 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>Page&nbsp;</p></td></tr> <tr> <td width=73 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px /></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td> <td width=37 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>ITEM 1</p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Financial Statements (Unaudited)</p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px align=center><font color=#000000>3</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 2</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations.</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px align=center><font color=#000000>4</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 3</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Quantitative and Qualitative Disclosures About Market Risk</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" align=center><font color=#000000>6</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 4</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Controls and Procedures</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" align=center><font color=#000000>6</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px /></td></tr> <tr> <td width=539 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><b><font color=#000000>PART II &#150; OTHER INFORMATION</font></b></p></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 1</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Legal Proceedings</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" align=center><font color=#000000>7</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 1A</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Risk Factors</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" align=center><font color=#000000>7</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 2</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Unregistered Sales of Equity Securities and Use of Proceeds</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" align=center><font color=#000000>7</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 3</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Defaults Upon Senior Securities</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" align=center><font color=#000000>7</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 4</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Mine Safety Disclosures</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" align=center><font color=#000000>7</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 5</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Other Information</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" align=center><font color=#000000>7</font></p></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px /></td> <td width=37 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" /></td></tr> <tr> <td width=73 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px><font color=#000000>ITEM 6</font></p></td> <td style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><font color=#000000>Exhibits</font></p></td> <td width=37 style="BACKGROUND-COLOR:#cceeff; MARGIN-TOP:0px" valign=top><p style="MARGIN:0px; COLOR:#ff0000" align=center><font color=#000000>8</font></p></td></tr></table></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>&nbsp;</p></font><font style=FONT-SIZE:11pt> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>2</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify>&nbsp;</p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>PART I - FINANCIAL INFORMATION</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Item 1. Financial Statements</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Our financial statements included in this Form 10-Q are as follows:</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <div align=justify> <table width=100% bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=48> <td /> </tr><tr> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>F-1&nbsp;</font></p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>Condensed Balance Sheets as of December 31, 2013 and March 31, 2013 (unaudited);</font></p></td></tr> <tr> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>F-2</font></p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>Condensed&nbsp;Statements of Operations for the three and nine months ended December 31, 2013 and 2012 (unaudited);</font></p></td></tr> <tr> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>F-3</font></p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>Condensed&nbsp;Statements of Cash Flow for the nine months ended December 31, 2013 and 2012 (unaudited);</font></p></td></tr> <tr> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>F-4</font></p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>Notes to Condensed&nbsp;Financial Statements (unaudited).</font></p></td></tr></table></div><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>These condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the SEC instructions to Form 10-Q. &nbsp;In the opinion of management, all adjustments considered necessary for a fair presentation have been included. &nbsp;Operating results for the interim period ended December 31, 2013 are not necessarily indicative of the results that can be expected for the full year.</font></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>3</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <div align=justify> <table width=100% bordercolor=transparent style="MARGIN-TOP:0px; WIDTH:100%; FONT-SIZE:10pt" cellpadding=0 cellspacing=0 align=center> <tr style=FONT-SIZE:0px> <td> <td> <td> <td> <td /> </tr><tr> <td height=17 colspan=5 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b><font style=FONT-SIZE:11pt>DEVELOPMENT CAPITAL GROUP, INC.</font></b></p></td></tr> <tr> <td height=17 colspan=5 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b><font style=FONT-SIZE:11pt>CONDENSED BALANCE SHEETS</font></b></p></td></tr> <tr> <td height=17 colspan=5 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b><font style=FONT-SIZE:11pt>(unaudited)</font></b></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify>&nbsp;</p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>December 31,</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>March 31,</strong></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>2013</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>2013</strong></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt><strong><u>ASSETS</u></strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="TEXT-ALIGN:left; MARGIN-TOP:0px" align=left valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify>&nbsp;</p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt><strong>Current assets:</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Cash</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315,077 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Prepaid expenses</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,200 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Notes receivable</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,000 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Accrued interest receivable</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt><strong>Total current assets</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BORDER-TOP:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392,606 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BORDER-TOP:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Capitalized software development costs</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,888 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify>&nbsp;</p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt><strong>Total assets</strong></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436,494 </font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=18 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt><strong><u>LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)</u></strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt><strong>Current liabilities:</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Accounts payable</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,807 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,864 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Accounts payable and accrued liabilities - related party</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,500 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:11px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>129 </font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt><strong>Total current liabilities</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BORDER-TOP:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,307 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BORDER-TOP:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,993 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt><strong>Total liabilities</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,307 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,993 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Stockholders' equity (deficit):</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Common stock, $0.001 par value, 500,000,000 shares</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>authorized, 21,734,000 and 12,328,000 shares issued and outstanding</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>as of December 31, 2013 and March 31, 2013, respectively</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,734 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,328 </font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Additional paid in capital</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612,564 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,851 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Common stock payable</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,726 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Accumulated deficit</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(221,837)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67,043)</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt>Total stockholders' equity (deficit)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BORDER-TOP:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415,187 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BORDER-TOP:#000000 1px solid" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,864)</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify><font style=FONT-SIZE:11pt><strong>Total liabilities and stockholders' equity (deficit)</strong></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436,494 </font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129 </font></p></td></tr> <tr> <td height=18 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 colspan=5 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt>The accompanying notes are an integral part of these condensed financial statements.</font></p></td></tr></table></div> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>&nbsp;</p></font><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>F-1</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p> <p style=MARGIN:0px align=justify>&nbsp;</p></font> <div align=justify> <table width=100% bordercolor=transparent style="MARGIN-TOP:0px; WIDTH:100%; FONT-SIZE:10pt" cellpadding=0 cellspacing=0 align=center> <tr style=FONT-SIZE:0px> <td> <td> <td> <td> <td> <td> <td> <td> <td> <td> <td> <td> <td> <td> <td /> </tr><tr> <td height=17 colspan=13 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b><font style=FONT-SIZE:11pt>DEVELOPMENT CAPITAL GROUP, INC.</font></b></p></td> <td height=17 colspan=13 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 colspan=13 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b><font style=FONT-SIZE:11pt>CONDENSED STATEMENTS OF OPERATIONS</font></b></p></td> <td height=17 colspan=13 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 colspan=13 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b><font style=FONT-SIZE:11pt>(unaudited)</font></b></p></td> <td height=17 colspan=13 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=4 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>For the three months ended</strong></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=5 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>For the nine months ended</strong></font></p></td> <td height=17 colspan=5 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>December 31,</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>December 31,</strong></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>December 31,</strong></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>December 31,</strong></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>2013</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>2012</strong></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>2013</strong></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>2012</strong></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt><strong>Revenue</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt><strong>Operating expenses:</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>General and administrative</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,202 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,142 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,931 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,348 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Consulting - related party</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,500 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,500 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Stock-based compensation</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Professional fees</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,581 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,800 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,539 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,841 </font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Research and development</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,153 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Total operating expenses</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,436 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,942 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155,123 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>16,189</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Net loss from operations</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62,436)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,942)</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(155,123)</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>(16,189)</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt><strong>Other income:</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Interest income</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Net loss from continuing operations</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62,107)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,942)</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(154,794)</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16,189)</font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Discontinued operations</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,960 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,220)</font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt><strong>Net (loss)</strong></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62,107)</font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=18 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 </font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(154,794)</font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=18 colspan=3 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17,409)</font></p></td> <td height=18 colspan=3 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Net loss per share - basic</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Net loss per common share - basic for continuing operations</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.00)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.00)</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.01)</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.00)</font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Net loss per common share - basic for discontinued operations</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00 </font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px><br></p></font></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px><br></p></font></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.00)</font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Net loss per common share - basic</font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.00)</font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=18 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.00)</font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.01)</font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=18 colspan=3 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.00)</font></p></td> <td height=18 colspan=3 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Weighted average number of common</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>shares outstanding - basic </font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>20,585,717 </font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,328,000 </font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>17,113,469 </font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=3 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>12,248,000 </font></p></td> <td height=18 colspan=3 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td height=17 colspan=13 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt>The accompanying notes are an integral part of these condensed financial statements.</font></p></td> <td height=17 colspan=13 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr></table></div><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify></font><font style=FONT-SIZE:11pt>&nbsp;</p> <p style=MARGIN:0px align=justify> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>F-2</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p> <p style=MARGIN:0px align=justify></font><font style=FONT-SIZE:11pt>&nbsp;</p></font> <div align=justify> <table width=100% bordercolor=transparent style="MARGIN-TOP:0px; WIDTH:100%; FONT-SIZE:10pt" cellpadding=0 cellspacing=0 align=center> <tr style=FONT-SIZE:0px> <td> <td> <td align=right> <td> <td align=right /> </tr><tr> <td height=17 colspan=5 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b><font style=FONT-SIZE:11pt>DEVELOPMENT CAPITAL GROUP, INC.</font></b></p></td></tr> <tr> <td height=17 colspan=5 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b><font style=FONT-SIZE:11pt>CONDENSED STATEMENTS OF CASH FLOWS</font></b></p></td></tr> <tr> <td height=17 colspan=5 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b><font style=FONT-SIZE:11pt>(unaudited)</font></b></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>For the nine months ended</strong></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=center><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=center><br></p></font></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>December 31,</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=center><br></p></font></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>December 31,</strong></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=center><br></p></font></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=center><br></p></font></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>2013</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=center><br></p></font></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt><strong>2012</strong></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><b><font style=FONT-SIZE:11pt>CASH FLOWS FROM OPERATING ACTIVITIES</font></b></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Net income (loss)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(154,794)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17,409)</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Adjustments to reconcile net income (loss)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>to net cash used in operating activities:</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Stock-based compensation</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Changes in operating assets and liabilities:</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Increase in prepaid expenses</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,330)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Increase in accrued interest receivable</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(329)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Increase in accounts payable</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,943 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=right><br></p></font></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Increase in accounts payable - related party</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,500 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Decrease in accrued liabilities</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(129)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt><strong>Net cash used in operating activities</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px; BORDER-TOP:#000000 1px solid" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(150,139)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16,409)</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><b><font style=FONT-SIZE:11pt>CASH FLOWS FROM INVESTING ACTIVITIES</font></b></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Proceeds for notes receivable</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(70,000)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Purchase of capitalized software development cost</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43,888)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Net cash used in investing activities</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(113,888)</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><b><font style=FONT-SIZE:11pt>CASH FLOWS FROM FINANCING ACTIVITIES</font></b></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:24px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Proceeds from the sale of common stock</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578,975 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Net cash provided by financing activities</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578,975 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>NET CHANGE IN CASH</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314,948 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16,409)</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>CASH AT BEGINNING OF PERIOD</font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129 </font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,545 </font></p></td></tr> <tr> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>CASH AT END OF PERIOD</font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315,077 </font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,136 </font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt><strong>SUPPLEMENTAL DISCLOSURES:</strong></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=17 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Interest paid</font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr> <td height=19 style=MARGIN-TOP:0px valign=bottom> <p style="TEXT-INDENT:12px; MARGIN:0px; FONT-SIZE:9pt"><font style=FONT-SIZE:11pt>Income taxes paid</font></p></td> <td height=19 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=19 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td> <td height=19 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=19 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right><font style=FONT-SIZE:11pt>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p></td> <td height=18 style=MARGIN-TOP:0px align=right valign=bottom> <p style=MARGIN:0px align=right><font style=FONT-SIZE:11pt><br></font></p></td></tr> <tr> <td height=17 colspan=5 style=MARGIN-TOP:0px align=right valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><font style=FONT-SIZE:11pt>The accompanying notes are an integral part of these condensed financial statements.</font></p></td></tr></table></div> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>&nbsp;</p></font><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>F-3</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></font><font style=FONT-SIZE:11pt><br></p></font> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>DEVELOPMENT CAPITAL GROUP, INC.</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>NOTES TO CONDENSED FINANCIAL STATEMENTS</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>(unaudited)</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Organization</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The Company was incorporated on September 27, 2010 (Date of Inception) under the laws of the State of Florida, as Development Capital Group, Inc.</font></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Nature of operations</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>For the years ended March 31, 2012 and 2011, the Company provided transportation and logistics services for a wide range of manufacturing, industrial and retail customers. &nbsp;</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>In February 2013, a change of control occurred whereby the former management sold 9,000,000 shares of common stock to the new management for $40,000. &nbsp;The Company inserted a new management team and implemented a new business model eliminating the historic logistics activities and implementing a business plan focused on the development of commercial websites and related software applications.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Basis of presentation</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The unaudited interim financial statements should be read in conjunction with the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended March 31, 2013.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting.&nbsp;&nbsp;Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows.&nbsp;&nbsp;It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation.&nbsp;&nbsp;The interim results for the nine months ended December 31, 2013 are not necessarily indicative of results for the full fiscal year.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Year end</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s year-end is March 31.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Use of estimates</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Cash and cash equivalents</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value.</font></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>F-4</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p></font> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><font style=FONT-SIZE:11pt><br>&nbsp;</p></font> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>DEVELOPMENT CAPITAL GROUP, INC.</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>NOTES TO CONDENSED FINANCIAL STATEMENTS</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>(unaudited)</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Revenue recognition</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>We recognize revenue when all of the following conditions are satisfied: (1)&nbsp;there is persuasive evidence of an arrangement; (2)&nbsp;the product or service has been provided to the customer; (3)&nbsp;the amount of fees to be paid by the customer is fixed or determinable; and (4)&nbsp;the collection of our fees is probable.</font></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Stock-based compensation</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. &nbsp;This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.&nbsp;</font></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Fair value of financial instruments</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses, bank overdraft and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Level 1: The preferred inputs to valuation efforts are <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>quoted prices in active markets for identical assets or liabilities,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> with the caveat that the reporting entity must have access to that market. &nbsp;Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.</font></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>F-5</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p></font> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><font style=FONT-SIZE:11pt><br>&nbsp;</p></font> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>DEVELOPMENT CAPITAL GROUP, INC.</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>NOTES TO CONDENSED FINANCIAL STATEMENTS</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>(unaudited)</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Fair value of financial instruments (continued)</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. 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Earlier in the standard, FASB explains that <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>observable inputs<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Recent pronouncements</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The Company has evaluated the recent accounting pronouncements through January 2014 and believes that none of them will have a material effect on the company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial statements.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 2 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> GOING CONCERN</font></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. The Company incurred a net loss from continuing operations for the nine months ended December 31, 2013 of $154,794. &nbsp;As of December 31, 2013, the accumulated deficit was $221,837. &nbsp;The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s net operating loss was primarily related to a decrease in revenue resulting from the discontinuation of certain operations of the Company. In addition, the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s activities during the nine months ended December 31, 2013 have been financially sustained through equity financing.</font></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 3 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> NOTES RECEIVABLE</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On October 30, 2013, the Company loaned $20,000 to an entity as part of a convertible promissory note with a related party. &nbsp;The entity is a limited liability company owned and controlled by the President of the Company. &nbsp;The note bears interest at 5% per annum and is due the earlier of October 3, 2014 or on the next equity financing raise of at least $200,000. &nbsp;The principal and accrued interest shall be converted at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s option at 30% discount on the price per share of the next equity financing raise.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On December 19, 2013, the Company loaned $50,000 to an entity as part of a convertible promissory note. &nbsp;The note bears interest at 10% per annum and is due the earlier of June 18, 2014 or upon merger or share exchange with a public entity. &nbsp;The principal and accrued interest shall be converted into 250,000 shares of post-merger shares with a public entity.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>During the nine months ended December 31, 2013, the interest income was $329. &nbsp;As of December 31, 2013, the balance in accrued interest receivable was $329.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 4 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> RELATED PARTY TRASACTIONS</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>During the year ended March 31, 2013, an officer of the Company advanced $1,100 to the Company for various expenses. &nbsp;During the year ended March 31, 2013, the officer agreed to forgive $971 of the advance which was recorded to additional paid in capital. &nbsp;As of March 31, 2013, the remaining balance owed totaled $129 and was subsequently repaid in April 2013. &nbsp;</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify></font><font style=FONT-SIZE:11pt>&nbsp;</p> <p style=MARGIN:0px align=justify> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>F-6</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table><br></p></font> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>DEVELOPMENT CAPITAL GROUP, INC.</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>NOTES TO CONDENSED FINANCIAL STATEMENTS</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>(unaudited)</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 4 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> RELATED PARTY TRASACTIONS (CONTINUED)</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>As of December 31, 2013, the Company had accounts payable due to related parties totaling $9,500. &nbsp;The accounts payable is a result of the consulting services.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On August 1, 2013, the Company entered into a consulting agreement with an entity that is owned and controlled by the President of the Company which is effective until Mr. Ricard is removed as an officer of the Company. &nbsp;The monthly fee is $5,000.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On August 1, 2013, the Company entered into a consulting agreement with an entity that is a shareholder of the Company which is effective until either party provides 30 days<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> notice of termination. &nbsp;The monthly fee is $4,500.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>As of December 31, 2013, the Company had a notes receivable of $20,000 and accrued interest receivable of $164 due from a related party. &nbsp;The related party is a limited liability company owned and controlled by the President of the Company.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 5 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> STOCKHOLDERS<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> EQUITY</font></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The Company is authorized to issue 500,000,000 shares of its $0.001 par value common stock.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Common stock</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>During the nine months ended December 31, 2013, the Company sold 12,132,000 shares of its common stock for total proceeds of $578,825. As of December 31, 2013, &nbsp;9,406,000 shares were issued and the remaining 2,726,000 were issued on January 14, 2014. </font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 6 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> DISCONTINUED OPERATIONS</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>In February 2013, the Company determined to discontinue operations due to the change in control which led to a change in the management team and a change in the business plan of the Company. &nbsp;The Company recorded discontinued operations of ($0) and ($1,220) for the nine months ended December 31, 2013 and 2012, respectively.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 7 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> SUBSEQUENT EVENTS</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On December 2, 2013, the Company entered into two consulting agreements for a total of 1,500,000 shares of common stock for services to be rendered from January 1, 2014 through December 31, 2014.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On January 20, 2014, the Company issued 2,726,000 shares of common stock for cash received of $272,600 during the three months ended December 31, 2013.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On January 22, 2014, we entered into two separate Investor Relations Agreements, in which each consultant will provide investment relations services to us in exchange for $5,000.00 per month, for three months.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On January 23, 2014, we entered into an Investment Relations Agreement with another consultant in which the consultant will provide investment relation services in exchange for 25,000 shares of restricted common stock. </font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On January 27, 2014, the Company acquired a wholly owned subsidiary, Development Tech, Inc. &nbsp;During the month ended January 31, 2014, Development Capital Group, Inc. transferred its intellectual property, right to conversion agreement and notes receivable to its wholly owned subsidiary.</font></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>F-7</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p></font> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><font style=FONT-SIZE:11pt><br>&nbsp;</p></font> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>DEVELOPMENT CAPITAL GROUP, INC.</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>NOTES TO CONDENSED FINANCIAL STATEMENTS</font></b></p> <p style=MARGIN:0px align=center><b><font style=FONT-SIZE:11pt>(unaudited)</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>NOTE 7 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> SUBSEQUENT EVENTS (CONTINUED)</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On January 31, 2014, we entered into a Media &amp; IR Service Provider Agreement, for a term of six months thereafter, in which the consultant will provide investment relations services in exchange for $30,000 USD and 300,000 shares of restricted common stock.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>During the month ended January 31, 2014, the Company sold a total of 1,430,000 shares of common stock for cash of $143,000 and issued the shares in January 2014.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>During the month ended January 31, 2014, the Company loaned $3,724 to an entity and executed a conversion agreement on January 16, 2014 to convert the loan into 93,100 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Results of Operations</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Forward-Looking Statements</font></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>forward-looking statements<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> within the meaning of the Private Securities Litigation Reform Act of 1995, Section&nbsp;27A of the Securities Act of 1933 and Section&nbsp;21E of the Securities Exchange Act of 1934.&nbsp;&nbsp;&nbsp;These forward-looking statements generally are identified by the words <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>believes,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>project,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>expects,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>anticipates,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>estimates,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>intends,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>strategy,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>plan,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>may,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>will,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>would,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>will be,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>will continue,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>will likely result,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> and similar expressions.&nbsp;&nbsp;We intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of complying with those safe-harbor provisions. &nbsp;However, the safe harbors of forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934 are unavailable to issuers of penny stock. Our shares may be considered penny stock and such safe harbors set forth under the Private Securities Litigation Reform Act of 1995 may not be available to us.</font><font style=FONT-SIZE:11pt>&nbsp;&nbsp;</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain.&nbsp;&nbsp;Factors which could have a material adverse effect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.&nbsp;&nbsp;We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.&nbsp;&nbsp;Further information concerning our business, including additional factors that could materially affect our financial results, is included herein and in our other filings with the SEC.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Overview</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>We incorporated on September 27, 2010 under the laws of the State of Florida, as Development Capital Group, Inc. For the years ended March 31, 2012 and 2011, we provided transportation and logistics services for a wide range of manufacturing, industrial and retail customers. &nbsp;In February 2013, there was a change of control and we discontinued old operations. &nbsp;Our current business is focused on the development of commercial websites and related software applications.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Our plan is to identify and invest in early-stage technology companies that have the potential to disrupt traditional industries and transform markets.&nbsp; With experience building successful businesses, we expect our team to help companies who either have undervalued assets or whose existing businesses require capital investment in order to achieve scale. We are currently investing in and working with companies in the transportation, data analysis, and healthcare space.</font></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font><font style=FONT-SIZE:11pt><b><u>RealtyValuator.com</u></b><font style=COLOR:#000000><b> </b></font></font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>We are currently working on an internal application known as RealtyValuator.com, which is a multi-platform application that supports real estate investors by sourcing available properties in the market and providing tools to easily evaluate and capitalize on prospective property investments. &nbsp;With RealtyValuator.com, even casual home investors can access sophisticated analytical tools typically reserved for large property investment firms with a team of analysts on staff. &nbsp;Customers, and real estate investors, can quickly and easily assess a wide range of criteria about a property and determine the variance between a property<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s list price and its<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> official valuation, and using that information, can evaluate forecasted returns on investments in a multitude of scenarios. &nbsp;&nbsp;</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Given the overwhelming interest in the foreclosed property market, RealtyValuator.com was conceived and developed to help ordinary people evaluate and invest in residential real estate like a professional firm. However, in </font><font style=FONT-SIZE:11pt>addition to appealing to a consumer market, we are looking to roll out more features for professional real estate investors that will be able to subscribe to our service. We anticipate having new applications for auction notifications and alerts, customizable fields to make smarter recommendations and recommendations, and are looking at some options to develop a localized mobile app on multiple platforms.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The salient features of RealtyValuator are as follows:</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Customizable selection of real estate zones</font></p> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Comprehensive housing data and analysis tools</font></p> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Local foreclosure trends, rental rates, and comparatives</font></p> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Property updates and alerts</font></p> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Outstanding loan amounts and position on foreclosure properties &nbsp;&nbsp;&nbsp;&nbsp;</font></p> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Default amounts, auction updates, owner name and lender name &nbsp;&nbsp;&nbsp;&nbsp;</font></p> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Sales history and property info for 400-500 houses per week &nbsp;&nbsp;&nbsp;&nbsp;</font></p> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Estimated values, comp sales, comp listings and nearby foreclosure &nbsp;&nbsp;&nbsp;&nbsp;</font></p> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Equity and loan-to-value amounts for pre-foreclosures and auctions</font></p> <div align=justify> <p style="MARGIN-TOP:0px; TEXT-INDENT:24px; WIDTH:48px; FONT-FAMILY:Wingdings; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt"><font style=FONT-SIZE:11pt>&#167;</font></p></div> <p style="TEXT-INDENT:-2px; MARGIN:0px; PADDING-LEFT:48px" align=justify><font style=FONT-SIZE:11pt>Judgment information, case number, and owner information </font></p><font style=FONT-SIZE:11pt> <p style="MARGIN:0px; CLEAR:left" align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On January 30, 2014, we allowed users to sign up for access to the private beta version of RealtyValuator.com. &nbsp;We plan to allow full public access to the private beta version on February 14, 2014. &nbsp;Such launch would allow users to test our system for free, while we continue to perfect the product, enhance the usability, add more needed tools, fix any bugs, do additional A and B testing. &nbsp;</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>During our private beta testing we have a) commenced bug and error testing on the database loads, and have fixed the search functionality while implementing some of the custom behavior tracking of users to better user<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s search patterns; b) made the website mobile responsive, which allows real estate investors to use the website on most mobile devices; and c) have currently calculated that RealtyValuator.com has over 10,000 properties in our database since launching the private beta version. &nbsp;Immediately after we complete our full beta testing, we plan to do some test marketing to analyze the user acquisition costs, and therefore determine our retail price for new users and subscribers. &nbsp;</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>For our hard launch, our plan is to promote RealtyValuator.com through a large press launch, with a push out on social media and listings in South Florida press outlets. We plan to target a minimum of 1,000 users, and plan such growth will continue naturally from such promotion. &nbsp;We currently are planning on the initial launch to be in 22 counties in Florida, which can be expanded eventually to 67 counties in Florida.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>We are also looking at expanding outside of the Florida market. There are many areas in the United States that have a backlog of foreclosures, but real estate investors don<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>t have a solution in place to help them outside of their local market to evaluate the real estate properly. We anticipate, and plan, that in the next quarter to start discussions with a city outside of the state of Florida to market and expand our services.</font></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>4</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Results of Operations for the Nine Months Ended December 31, 2013 and 2012 </font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style="BACKGROUND-COLOR:#ffffff; FONT-SIZE:11pt">Our current business plan is to develop websites and applications. We have generated no revenue in connection with our new business operations. For the years ended March 31, 2013 and 2012, we earned revenue from commissions earned through contracted freight services. These operations, however, have been discontinued.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><font style=BACKGROUND-COLOR:#ffffff>We had operating expenses of </font><font style=BACKGROUND-COLOR:#ffffff>$</font><font style=BACKGROUND-COLOR:#ffffff>155,123</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>for the nine months ended December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2013, as compared with operating expenses of </font><font style=BACKGROUND-COLOR:#ffffff>$</font><font style=BACKGROUND-COLOR:#ffffff>1</font><font style=BACKGROUND-COLOR:#ffffff>6,189</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>for the nine months ended December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2012. &nbsp;Ou</font><font style=BACKGROUND-COLOR:#ffffff>r operating expenses for</font><font style=BACKGROUND-COLOR:#ffffff> the </font><font style=BACKGROUND-COLOR:#ffffff>nine </font><font style=BACKGROUND-COLOR:#ffffff>months ended December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2013 consisted of mainly of professional fees and related party consulting fees. &nbsp;In comparison, ou</font><font style=BACKGROUND-COLOR:#ffffff>r operating expenses for the nine months ended December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2012 consisted of mainly of </font><font style=BACKGROUND-COLOR:#ffffff>general and administrative expenses and professional fees</font><font style=BACKGROUND-COLOR:#ffffff>. </font></font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><font style=BACKGROUND-COLOR:#ffffff>We recorded a net loss of </font><font style=BACKGROUND-COLOR:#ffffff>$</font><font style=BACKGROUND-COLOR:#ffffff>154,794</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>from c</font><font style=BACKGROUND-COLOR:#ffffff>ontinuing operations for the nine months ended December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2013, as compared with a net loss of </font><font style=BACKGROUND-COLOR:#ffffff>$</font><font style=BACKGROUND-COLOR:#ffffff>16,189</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>from continuing operations for t</font><font style=BACKGROUND-COLOR:#ffffff>he </font><font style=BACKGROUND-COLOR:#ffffff>nine</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>months ended December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2012.</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>Our </font></font><font style="BACKGROUND-COLOR:#ffffff; FONT-SIZE:11pt">increase in net loss during the current nine month period is primarily attributable to expense related to the development of our new business model. &nbsp;</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Results of Operations for the Three Months Ended December 31, 2013 and 2012</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><font style=BACKGROUND-COLOR:#ffffff>We had operating expenses of </font><font style=BACKGROUND-COLOR:#ffffff>$</font><font style=BACKGROUND-COLOR:#ffffff>62,436 </font><font style=BACKGROUND-COLOR:#ffffff>for the three months ended </font><font style=BACKGROUND-COLOR:#ffffff>December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2013, as compared with operating expenses of </font><font style=BACKGROUND-COLOR:#ffffff>$</font><font style=BACKGROUND-COLOR:#ffffff>5,942</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>for the three months ended </font><font style=BACKGROUND-COLOR:#ffffff>December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2012. &nbsp;Our operating expenses for the three months ended </font><font style=BACKGROUND-COLOR:#ffffff>December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2013 consisted of mainly of professional fees and related party consulting fees. &nbsp;In comparison, our operating expenses for the three months ended </font><font style=BACKGROUND-COLOR:#ffffff>December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2012 consisted of mainly of </font><font style=BACKGROUND-COLOR:#ffffff>general and administrative expenses and </font><font style=BACKGROUND-COLOR:#ffffff>professional fees. </font></font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><font style=BACKGROUND-COLOR:#ffffff>We recorded a net loss of </font><font style=BACKGROUND-COLOR:#ffffff>$</font><font style=BACKGROUND-COLOR:#ffffff>62,107</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>from continuing operations for the three months ended </font><font style=BACKGROUND-COLOR:#ffffff>December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2013, as compared with a net loss of </font><font style=BACKGROUND-COLOR:#ffffff>$</font><font style=BACKGROUND-COLOR:#ffffff>5,942</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>from continuing operations for the three months ended </font><font style=BACKGROUND-COLOR:#ffffff>December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2012.</font><font style=BACKGROUND-COLOR:#ffffff> &nbsp;</font><font style=BACKGROUND-COLOR:#ffffff>The Company had net losses due to the lack of revenue.</font></font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style="BACKGROUND-COLOR:#ffffff; FONT-SIZE:11pt">We anticipate our operating expenses will increase as we implement our new business plan. The increase will be attributable to expenses to implement our business plan, and the professional fees to be incurred in connection with our ongoing filing requirements as a reporting company under the Securities Exchange Act of 1934.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Liquidity and Capital Resources</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><font style=BACKGROUND-COLOR:#ffffff>As of </font><font style=BACKGROUND-COLOR:#ffffff>December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2013, we had total current assets of $</font><font style=BACKGROUND-COLOR:#ffffff>392,606</font><font style=BACKGROUND-COLOR:#ffffff> and current liabilities of $</font><font style=BACKGROUND-COLOR:#ffffff>21,307</font><font style=BACKGROUND-COLOR:#ffffff>.&nbsp;&nbsp;Thus, we have working capital of $</font><font style=BACKGROUND-COLOR:#ffffff>371,299</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>as of </font><font style=BACKGROUND-COLOR:#ffffff>December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2013.</font></font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><font style=BACKGROUND-COLOR:#ffffff>Operating activities used </font><font style=BACKGROUND-COLOR:#ffffff>$</font><font style=BACKGROUND-COLOR:#ffffff>150,139</font><font style=BACKGROUND-COLOR:#ffffff> </font><font style=BACKGROUND-COLOR:#ffffff>in</font><font style=BACKGROUND-COLOR:#ffffff> cash for the </font><font style=BACKGROUND-COLOR:#ffffff>nine months ended December 31, 2013</font><font style=BACKGROUND-COLOR:#ffffff>. Our net loss was the main reason for our negative operating cash flow offset mainly by </font><font style=BACKGROUND-COLOR:#ffffff>an </font><font style=BACKGROUND-COLOR:#ffffff>increase in accounts payable of $2,943 </font><font style=BACKGROUND-COLOR:#ffffff>and an increase in accounts payable <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> related party of $</font><font style=BACKGROUND-COLOR:#ffffff>9,500</font><font style=BACKGROUND-COLOR:#ffffff>. </font></font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>We used a total of $113,888 in cash towards our investing activities which included the issuance of two convertible notes receivable totaling $70,000 and an investment of $43,888 in our software development. </font></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Financing activities consisting of the sale of 12,132,000 shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s common stock provide cash totaling $578,975. As of December 31, 2013, 2,726,000 shares were unissued. </font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><font style=BACKGROUND-COLOR:#ffffff>As of </font><font style=BACKGROUND-COLOR:#ffffff>December 31</font><font style=BACKGROUND-COLOR:#ffffff>, 2013, we have insufficient cash to operate our business at the current level for the next twelve months and insufficient cash to achieve our business goals.&nbsp;&nbsp;The success of our business plan beyond the next 12 months is contingent upon us obtaining additional financing. We intend to fund operations through debt and/or equity financing arrangements, which may be insufficient to fund our capital expenditures, working capital, or other cash requirements. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, or at all.</font></font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify></font><font style=FONT-SIZE:11pt>&nbsp;</p> <p style=MARGIN:0px align=justify> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>5</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></p> <p style=MARGIN:0px align=justify><br>&nbsp;</font><b><font style=FONT-SIZE:11pt>Off Balance Sheet Arrangements </font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>As of December 31, 2013, there were no off balance sheet arrangements. </font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Critical Accounting Policies</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>In December 2001, the SEC requested that all registrants list their most <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>critical accounting polices<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> in the Management Discussion and Analysis. The SEC indicated that a <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>critical accounting policy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> is one which is both important to the portrayal of a company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial condition and results, and requires management<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify></font><font style=FONT-SIZE:11pt>Our critical accounting policies are set forth in Note 2 to the financial statements. </font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Recently Issued Accounting Pronouncements</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s results of operation, financial position or cash flow.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Item 3. Quantitative and Qualitative Disclosures About Market Risk</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>A smaller reporting company is not required to provide the information required by this Item.</font></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Item 4. Controls and Procedures</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Disclosure Controls and Procedures</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of December 31, 2013. &nbsp;This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer, who also serves as &nbsp;our Chief Financial Officer. &nbsp;Based upon that evaluation, by our Chief Executive Officer and Chief Financial Officer, he has concluded that, as of December 31, 2013, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of December 31, 2013, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Remediation Plan to Address the Material Weaknesses in Internal Control over Financial Reporting</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Our company plans to take steps to enhance and improve the design of our internal controls over financial reporting. &nbsp;During the period covered by this quarterly report on Form 10-Q, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending March 31, 2014: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts set out are largely dependent upon our securing additional financing to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner. </font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Changes in Internal Control over Financial Reporting</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>There were no changes in our internal control over financial reporting during the three months ended December 31, 2013 that have materially affected, or are reasonable likely to materially affect, our internal control over financial reporting.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify></font>&nbsp;</p> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>6</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></font></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>PART II <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> OTHER INFORMATION</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Item 1. Legal Proceedings</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Item 1A: Risk Factors</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>A smaller reporting company is not required to provide the information required by this Item.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Item 2. Unregistered Sales of Equity Securities and Use of Proceeds</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>From December 2, 2013 through January 17, 2014, we raised a total of $468,100 from 15 investors, and therefore &nbsp;we issued 5,206,000 shares of our restricted common stock. &nbsp;Such shares of common stock were issued in accordance with exemptions from registration provided by Section 4(a)(2), Regulation D and/or Regulation S of the Securities Act of 1933, as amended (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font><u>Securities Act</u><font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;The use of such proceeds are planned to be used to fund our development and expansion plans<b> </b>as discussed above in Item 2 of Part 1 of this report. </font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Investment Relations Agreements</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Item 5 below, in regards to contracts in which there are stock issuances, are incorporated into this Item by this reference.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Item 3. Defaults upon Senior Securities</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>None.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Item 4. Mine Safety Disclosure</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>This Item is not applicable.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>Item 5. Other Information</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Investment Relations Agreements</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On January 22, 2014, we entered into two separate Investor Relations Agreements, in which each consultant will provide investment relations services to us in exchange for $5,000.00 per month, for three months.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On January 23, 2014, we entered into an Investment Relations Agreement with another consultant in which the consultant will provide investment relation services in exchange for 25,000 shares of restricted common stock exempt from registration pursuant to Section 4(a)(2) of the Securities Act. </font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On January 31, 2014, we entered into a Media &amp; IR Service Provider Agreement, for a term of six months thereafter, in which the consultant will provide investment relations services in exchange for $30,000 USD and 300,000 shares of restricted common stock exempt from registration pursuant to Section 4(a)(2) of the Securities Act.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>On February 3, 2014, we entered into another Investor Relations Agreement with an additional consultant in which we will pay the consultant $5,000 per month and 100,000 shares of restricted common stock exempt from registration exempt from registration pursuant to Section 4(a)(2) of the Securities Act, to provide us with investment relations services.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><u><font style=FONT-SIZE:11pt>Unregistered Sales of Equity Securities</font></u></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Item 2 above, is incorporated into this Item by this reference.</font></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>7</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table><br></p></font><font style=FONT-SIZE:11pt> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify></font><b><font style=FONT-SIZE:11pt>Item 6. Exhibits </font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <div align=justify> <table width=100% bordercolor=transparent style="MARGIN-TOP:0px; WIDTH:100%; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td> <td /> </tr><tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b><u><font style=FONT-SIZE:11pt>Exhibit Number</font></u></b></p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b><u><font style=FONT-SIZE:11pt>Description of Exhibit</font></u></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p></td></tr> <tr bgcolor=#ddf8ff> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>31.1</font></p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></p></td></tr> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>32.1</font></p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></p></td></tr> <tr bgcolor=#ddf8ff> <td height=27 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>101**</font></p></td> <td height=27 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>The following materials from the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Quarterly Report on Form 10-Q for the quarter ended September 30, 2013 formatted in Extensible Business Reporting Language (XBRL).</font></p></td></tr></table></div> <p style="MARGIN:0px; PADDING-LEFT:24px" align=justify>&nbsp;</p> <p style="MARGIN:0px; PADDING-LEFT:24px" align=justify><font style=FONT-SIZE:11pt>**Provided herewith, however, pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><b><font style=FONT-SIZE:11pt>SIGNATURES</font></b></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p><font style=FONT-SIZE:11pt> <p style=MARGIN:0px align=justify><br></p></font> <div align=justify> <table width=100% bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td> <td /> </tr><tr> <td style=MARGIN-TOP:0px valign=top><strong><font size=3>Development Capital Group, Inc.</font></strong></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td></tr> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px /></td></tr> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>Date: <font style=FONT-SIZE:11pt>February 13, 2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p></font></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>By:<u> &nbsp;s/ <em>Johnathan Lindsay</em></u></font></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>Johnathan Lindsay</font></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt>Title:<b> </b>Chief Executive Officer, Principal Executive Officer, and Director</font></p></td></tr></table></div> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt> <table width=100% bordercolor=transparent cellspacing=0> <tr> <td style="BORDER-BOTTOM:#000000 3px solid"> <p align=center><font style=FONT-SIZE:11pt>8</font></p></td></tr> <tr> <td style="BORDER-TOP:#000000 3px solid" /></tr></table></font></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt>&nbsp;</p></font></body>
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Filed by Ched Corporate Solutions - www.chedcorp.com - 1-888-567-CHED (2433) - Development Capital Group - Form 10-Q
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
x
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended
December 31, 2013
OR
o
TRANSITIONAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ___________ to _____________
Commission file number 000-54566
Development Capital Group, Inc.
(Name of Registrant as specified in its charter)
Florida
(State or Other Jurisdiction of Incorporation or Organization)
27-3746561
(IRS Employer Identification Number)
(289) 208-8052
(Registrant's telephone number)
6815 Biscayne Blvd., Suite 419, Miami, FL 33138
(Former name, former address and former fiscal year, if changed since last report
)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [ ] No
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [ ] No [X]
Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
Large accelerated filer
[ ]
Accelerated filer
[ ]
Non-accelerated filer
[ ]
Smaller reporting company
[X]
(Do not check if a smaller reporting company)
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]
State the number of shares outstanding of each of the issuer
'
s classes of common stock, as of the latest practicable date: 25,890,000 common shares as of February 13, 2014
.
TABLE OF CONTENTS
PART I – FINANCIAL INFORMATION
Page
ITEM 1
Financial Statements (Unaudited)
3
ITEM 2
Management's Discussion and Analysis of Financial Condition and Results of Operations.
4
ITEM 3
Quantitative and Qualitative Disclosures About Market Risk
6
ITEM 4
Controls and Procedures
6
PART II – OTHER INFORMATION
ITEM 1
Legal Proceedings
7
ITEM 1A
Risk Factors
7
ITEM 2
Unregistered Sales of Equity Securities and Use of Proceeds
7
ITEM 3
Defaults Upon Senior Securities
7
ITEM 4
Mine Safety Disclosures
7
ITEM 5
Other Information
7
ITEM 6
Exhibits
8
2
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
Our financial statements included in this Form 10-Q are as follows:
F-1
Condensed Balance Sheets as of December 31, 2013 and March 31, 2013 (unaudited);
F-2
Condensed Statements of Operations for the three and nine months ended December 31, 2013 and 2012 (unaudited);
F-3
Condensed Statements of Cash Flow for the nine months ended December 31, 2013 and 2012 (unaudited);
F-4
Notes to Condensed Financial Statements (unaudited).
These condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the SEC instructions to Form 10-Q.  In the opinion of management, all adjustments considered necessary for a fair presentation have been included.  Operating results for the interim period ended December 31, 2013 are not necessarily indicative of the results that can be expected for the full year.
3
DEVELOPMENT CAPITAL GROUP, INC.
CONDENSED BALANCE SHEETS
(unaudited)
December 31,
March 31,
2013
2013
ASSETS
Current assets:
Cash
$       315,077
$             129
Prepaid expenses
7,200
-
Notes receivable
70,000
-
Accrued interest receivable
329
-
Total current assets
392,606
129
Capitalized software development costs
43,888
-
Total assets
$       436,494
$             129
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable
$        11,807
$          8,864
Accounts payable and accrued liabilities - related party
9,500
129
Total current liabilities
21,307
8,993
Total liabilities
21,307
8,993
Stockholders' equity (deficit):
Common stock, $0.001 par value, 500,000,000 shares
authorized, 21,734,000 and 12,328,000 shares issued and outstanding
as of December 31, 2013 and March 31, 2013, respectively
21,734
12,328
Additional paid in capital
612,564
45,851
Common stock payable
2,726
-
Accumulated deficit
(221,837)
(67,043)
Total stockholders' equity (deficit)
415,187
(8,864)
Total liabilities and stockholders' equity (deficit)
$       436,494
$             129
The accompanying notes are an integral part of these condensed financial statements.
F-1
DEVELOPMENT CAPITAL GROUP, INC.
CONDENSED STATEMENTS OF OPERATIONS
(unaudited)
For the three months ended
For the nine months ended
December 31,
December 31,
December 31,
December 31,
2013
2012
2013
2012
Revenue
$                       -
$                       -
$                       -
$                   -
Operating expenses:
General and administrative
7,202
4,142
26,931
10,348
Consulting - related party
33,500
-
57,500
-
Stock-based compensation
-
-
-
-
Professional fees
21,581
1,800
56,539
5,841
Research and development
153
-
14,153
-
Total operating expenses
62,436
5,942
155,123
16,189
Net loss from operations
(62,436)
(5,942)
(155,123)
(16,189)
Other income:
Interest income
329
-
329
-
Net loss from continuing operations
(62,107)
(5,942)
(154,794)
(16,189)
Discontinued operations
-
5,960
-
(1,220)
Net (loss)
$           (62,107)
$                       18
$        (154,794)
$        (17,409)
Net loss per share - basic
Net loss per common share - basic for continuing operations
$               (0.00)
$                  (0.00)
$              (0.01)
$            (0.00)
Net loss per common share - basic for discontinued operations
-
0.00
-
(0.00)
Net loss per common share - basic
$               (0.00)
$                  (0.00)
$              (0.01)
$            (0.00)
Weighted average number of common
shares outstanding - basic
20,585,717
12,328,000
17,113,469
12,248,000
The accompanying notes are an integral part of these condensed financial statements.
F-2
DEVELOPMENT CAPITAL GROUP, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(unaudited)
For the nine months ended
December 31,
December 31,
2013
2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)
$             (154,794)
$               (17,409)
Adjustments to reconcile net income (loss)
to net cash used in operating activities:
Stock-based compensation
-
1,000
Changes in operating assets and liabilities:
Increase in prepaid expenses
(7,330)
-
Increase in accrued interest receivable
(329)
-
Increase in accounts payable
2,943
-
Increase in accounts payable - related party
9,500
-
Decrease in accrued liabilities
(129)
-
Net cash used in operating activities
(150,139)
(16,409)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds for notes receivable
(70,000)
-
Purchase of capitalized software development cost
(43,888)
-
Net cash used in investing activities
(113,888)
-
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the sale of common stock
578,975
-
Net cash provided by financing activities
578,975
-
NET CHANGE IN CASH
314,948
(16,409)
CASH AT BEGINNING OF PERIOD
129
17,545
CASH AT END OF PERIOD
$              315,077
$                  1,136
SUPPLEMENTAL DISCLOSURES:
Interest paid
$                       -
$                       -
Income taxes paid
$                       -
$                       -
The accompanying notes are an integral part of these condensed financial statements.
F-3
DEVELOPMENT CAPITAL GROUP, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
(unaudited)
NOTE 1
–
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization
The Company was incorporated on September 27, 2010 (Date of Inception) under the laws of the State of Florida, as Development Capital Group, Inc.
Nature of operations
For the years ended March 31, 2012 and 2011, the Company provided transportation and logistics services for a wide range of manufacturing, industrial and retail customers.
In February 2013, a change of control occurred whereby the former management sold 9,000,000 shares of common stock to the new management for $40,000.  The Company inserted a new management team and implemented a new business model eliminating the historic logistics activities and implementing a business plan focused on the development of commercial websites and related software applications.
Basis of presentation
The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.
The unaudited interim financial statements should be read in conjunction with the Company
'
s Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended March 31, 2013.
Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting.  Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows.  It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation.  The interim results for the nine months ended December 31, 2013 are not necessarily indicative of results for the full fiscal year.
Year end
The Company
'
s year-end is March 31.
Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.
Cash and cash equivalents
For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value.
F-4
DEVELOPMENT CAPITAL GROUP, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
(unaudited)
NOTE 1
–
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Revenue recognition
We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable.
Stock-based compensation
The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards.  This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.
The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.
Fair value of financial instruments
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses, bank overdraft and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.
Level 1: The preferred inputs to valuation efforts are
"
quoted prices in active markets for identical assets or liabilities,
"
with the caveat that the reporting entity must have access to that market.  Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets.
Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations.
F-5
DEVELOPMENT CAPITAL GROUP, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
(unaudited)
NOTE 1
–
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Fair value of financial instruments (continued)
Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as
"
unobservable,
"
and limits their use by saying they
"
shall be used to measure fair value to the extent that observable inputs are not available.
"
This category allows
"
for situations in which there is little, if any, market activity for the asset or liability at the measurement date
"
. Earlier in the standard, FASB explains that
"
observable inputs
"
are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.
Recent pronouncements
The Company has evaluated the recent accounting pronouncements through January 2014 and believes that none of them will have a material effect on the company
'
s financial statements.
NOTE 2
–
GOING CONCERN
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. The Company incurred a net loss from continuing operations for the nine months ended December 31, 2013 of $154,794.  As of December 31, 2013, the accumulated deficit was $221,837.  The Company
'
s net operating loss was primarily related to a decrease in revenue resulting from the discontinuation of certain operations of the Company. In addition, the Company
'
s activities during the nine months ended December 31, 2013 have been financially sustained through equity financing.
The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.
NOTE 3
–
NOTES RECEIVABLE
On October 30, 2013, the Company loaned $20,000 to an entity as part of a convertible promissory note with a related party.  The entity is a limited liability company owned and controlled by the President of the Company.  The note bears interest at 5% per annum and is due the earlier of October 3, 2014 or on the next equity financing raise of at least $200,000.  The principal and accrued interest shall be converted at the Company
'
s option at 30% discount on the price per share of the next equity financing raise.
On December 19, 2013, the Company loaned $50,000 to an entity as part of a convertible promissory note.  The note bears interest at 10% per annum and is due the earlier of June 18, 2014 or upon merger or share exchange with a public entity.  The principal and accrued interest shall be converted into 250,000 shares of post-merger shares with a public entity.
During the nine months ended December 31, 2013, the interest income was $329.  As of December 31, 2013, the balance in accrued interest receivable was $329.
NOTE 4
–
RELATED PARTY TRASACTIONS
During the year ended March 31, 2013, an officer of the Company advanced $1,100 to the Company for various expenses.  During the year ended March 31, 2013, the officer agreed to forgive $971 of the advance which was recorded to additional paid in capital.  As of March 31, 2013, the remaining balance owed totaled $129 and was subsequently repaid in April 2013.
F-6
DEVELOPMENT CAPITAL GROUP, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
(unaudited)
NOTE 4
–
RELATED PARTY TRASACTIONS (CONTINUED)
As of December 31, 2013, the Company had accounts payable due to related parties totaling $9,500.  The accounts payable is a result of the consulting services.
On August 1, 2013, the Company entered into a consulting agreement with an entity that is owned and controlled by the President of the Company which is effective until Mr. Ricard is removed as an officer of the Company.  The monthly fee is $5,000.
On August 1, 2013, the Company entered into a consulting agreement with an entity that is a shareholder of the Company which is effective until either party provides 30 days
'
notice of termination.  The monthly fee is $4,500.
As of December 31, 2013, the Company had a notes receivable of $20,000 and accrued interest receivable of $164 due from a related party.  The related party is a limited liability company owned and controlled by the President of the Company.
NOTE 5
–
STOCKHOLDERS
'
EQUITY
The Company is authorized to issue 500,000,000 shares of its $0.001 par value common stock.
Common stock
During the nine months ended December 31, 2013, the Company sold 12,132,000 shares of its common stock for total proceeds of $578,825. As of December 31, 2013,  9,406,000 shares were issued and the remaining 2,726,000 were issued on January 14, 2014.
NOTE 6
–
DISCONTINUED OPERATIONS
In February 2013, the Company determined to discontinue operations due to the change in control which led to a change in the management team and a change in the business plan of the Company.  The Company recorded discontinued operations of ($0) and ($1,220) for the nine months ended December 31, 2013 and 2012, respectively.
NOTE 7
–
SUBSEQUENT EVENTS
On December 2, 2013, the Company entered into two consulting agreements for a total of 1,500,000 shares of common stock for services to be rendered from January 1, 2014 through December 31, 2014.
On January 20, 2014, the Company issued 2,726,000 shares of common stock for cash received of $272,600 during the three months ended December 31, 2013.
On January 22, 2014, we entered into two separate Investor Relations Agreements, in which each consultant will provide investment relations services to us in exchange for $5,000.00 per month, for three months.
On January 23, 2014, we entered into an Investment Relations Agreement with another consultant in which the consultant will provide investment relation services in exchange for 25,000 shares of restricted common stock.
On January 27, 2014, the Company acquired a wholly owned subsidiary, Development Tech, Inc.  During the month ended January 31, 2014, Development Capital Group, Inc. transferred its intellectual property, right to conversion agreement and notes receivable to its wholly owned subsidiary.
F-7
DEVELOPMENT CAPITAL GROUP, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
(unaudited)
NOTE 7
–
SUBSEQUENT EVENTS (CONTINUED)
On January 31, 2014, we entered into a Media & IR Service Provider Agreement, for a term of six months thereafter, in which the consultant will provide investment relations services in exchange for $30,000 USD and 300,000 shares of restricted common stock.
During the month ended January 31, 2014, the Company sold a total of 1,430,000 shares of common stock for cash of $143,000 and issued the shares in January 2014.
During the month ended January 31, 2014, the Company loaned $3,724 to an entity and executed a conversion agreement on January 16, 2014 to convert the loan into 93,100 shares of common stock of the entity.  The conversion agreement and the underlying shares were transferred to the wholly owned subsidiary.
On February 3, 2014, we entered into another Investor Relations Agreement with an additional consultant in which we will pay the consultant $5,000 per month and 100,000 shares of restricted common stock.
F-8
Item 2.  Management
'
s Discussion and Analysis of Financial Condition and Results of Operations
Forward-Looking Statements
Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are
"
forward-looking statements
"
within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.   These forward-looking statements generally are identified by the words
"
believes,
"
"
project,
"
"
expects,
"
"
anticipates,
"
"
estimates,
"
"
intends,
"
"
strategy,
"
"
plan,
"
"
may,
"
"
will,
"
"
would,
"
"
will be,
"
"
will continue,
"
"
will likely result,
"
and similar expressions.  We intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of complying with those safe-harbor provisions.  However, the safe harbors of forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934 are unavailable to issuers of penny stock. Our shares may be considered penny stock and such safe harbors set forth under the Private Securities Litigation Reform Act of 1995 may not be available to us.
Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain.  Factors which could have a material adverse effect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.  We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.  Further information concerning our business, including additional factors that could materially affect our financial results, is included herein and in our other filings with the SEC.
Overview
We incorporated on September 27, 2010 under the laws of the State of Florida, as Development Capital Group, Inc. For the years ended March 31, 2012 and 2011, we provided transportation and logistics services for a wide range of manufacturing, industrial and retail customers.  In February 2013, there was a change of control and we discontinued old operations.  Our current business is focused on the development of commercial websites and related software applications.
Our plan is to identify and invest in early-stage technology companies that have the potential to disrupt traditional industries and transform markets.  With experience building successful businesses, we expect our team to help companies who either have undervalued assets or whose existing businesses require capital investment in order to achieve scale. We are currently investing in and working with companies in the transportation, data analysis, and healthcare space.
RealtyValuator.com
We are currently working on an internal application known as RealtyValuator.com, which is a multi-platform application that supports real estate investors by sourcing available properties in the market and providing tools to easily evaluate and capitalize on prospective property investments.  With RealtyValuator.com, even casual home investors can access sophisticated analytical tools typically reserved for large property investment firms with a team of analysts on staff.  Customers, and real estate investors, can quickly and easily assess a wide range of criteria about a property and determine the variance between a property
'
s list price and its
'
official valuation, and using that information, can evaluate forecasted returns on investments in a multitude of scenarios.
Given the overwhelming interest in the foreclosed property market, RealtyValuator.com was conceived and developed to help ordinary people evaluate and invest in residential real estate like a professional firm. However, in
addition to appealing to a consumer market, we are looking to roll out more features for professional real estate investors that will be able to subscribe to our service. We anticipate having new applications for auction notifications and alerts, customizable fields to make smarter recommendations and recommendations, and are looking at some options to develop a localized mobile app on multiple platforms.
The salient features of RealtyValuator are as follows:
§
Customizable selection of real estate zones
§
Comprehensive housing data and analysis tools
§
Local foreclosure trends, rental rates, and comparatives
§
Property updates and alerts
§
Outstanding loan amounts and position on foreclosure properties
§
Default amounts, auction updates, owner name and lender name
§
Sales history and property info for 400-500 houses per week
§
Estimated values, comp sales, comp listings and nearby foreclosure
§
Equity and loan-to-value amounts for pre-foreclosures and auctions
§
Judgment information, case number, and owner information
On January 30, 2014, we allowed users to sign up for access to the private beta version of RealtyValuator.com.  We plan to allow full public access to the private beta version on February 14, 2014.  Such launch would allow users to test our system for free, while we continue to perfect the product, enhance the usability, add more needed tools, fix any bugs, do additional A and B testing.
During our private beta testing we have a) commenced bug and error testing on the database loads, and have fixed the search functionality while implementing some of the custom behavior tracking of users to better user
'
s search patterns; b) made the website mobile responsive, which allows real estate investors to use the website on most mobile devices; and c) have currently calculated that RealtyValuator.com has over 10,000 properties in our database since launching the private beta version.  Immediately after we complete our full beta testing, we plan to do some test marketing to analyze the user acquisition costs, and therefore determine our retail price for new users and subscribers.
For our hard launch, our plan is to promote RealtyValuator.com through a large press launch, with a push out on social media and listings in South Florida press outlets. We plan to target a minimum of 1,000 users, and plan such growth will continue naturally from such promotion.  We currently are planning on the initial launch to be in 22 counties in Florida, which can be expanded eventually to 67 counties in Florida.
We are also looking at expanding outside of the Florida market. There are many areas in the United States that have a backlog of foreclosures, but real estate investors don
'
t have a solution in place to help them outside of their local market to evaluate the real estate properly. We anticipate, and plan, that in the next quarter to start discussions with a city outside of the state of Florida to market and expand our services.
4
Results of Operations for the Nine Months Ended December 31, 2013 and 2012
Our current business plan is to develop websites and applications. We have generated no revenue in connection with our new business operations. For the years ended March 31, 2013 and 2012, we earned revenue from commissions earned through contracted freight services. These operations, however, have been discontinued.
We had operating expenses of
$
155,123
for the nine months ended December 31
, 2013, as compared with operating expenses of
$
1
6,189
for the nine months ended December 31
, 2012.  Ou
r operating expenses for
the
nine
months ended December 31
, 2013 consisted of mainly of professional fees and related party consulting fees.  In comparison, ou
r operating expenses for the nine months ended December 31
, 2012 consisted of mainly of
general and administrative expenses and professional fees
.
We recorded a net loss of
$
154,794
from c
ontinuing operations for the nine months ended December 31
, 2013, as compared with a net loss of
$
16,189
from continuing operations for t
he
nine
months ended December 31
, 2012.
Our
increase in net loss during the current nine month period is primarily attributable to expense related to the development of our new business model.
Results of Operations for the Three Months Ended December 31, 2013 and 2012
We had operating expenses of
$
62,436
for the three months ended
December 31
, 2013, as compared with operating expenses of
$
5,942
for the three months ended
December 31
, 2012.  Our operating expenses for the three months ended
December 31
, 2013 consisted of mainly of professional fees and related party consulting fees.  In comparison, our operating expenses for the three months ended
December 31
, 2012 consisted of mainly of
general and administrative expenses and
professional fees.
We recorded a net loss of
$
62,107
from continuing operations for the three months ended
December 31
, 2013, as compared with a net loss of
$
5,942
from continuing operations for the three months ended
December 31
, 2012.
The Company had net losses due to the lack of revenue.
We anticipate our operating expenses will increase as we implement our new business plan. The increase will be attributable to expenses to implement our business plan, and the professional fees to be incurred in connection with our ongoing filing requirements as a reporting company under the Securities Exchange Act of 1934.
Liquidity and Capital Resources
As of
December 31
, 2013, we had total current assets of $
392,606
and current liabilities of $
21,307
.  Thus, we have working capital of $
371,299
as of
December 31
, 2013.
Operating activities used
$
150,139
in
cash for the
nine months ended December 31, 2013
. Our net loss was the main reason for our negative operating cash flow offset mainly by
an
increase in accounts payable of $2,943
and an increase in accounts payable
–
related party of $
9,500
.
We used a total of $113,888 in cash towards our investing activities which included the issuance of two convertible notes receivable totaling $70,000 and an investment of $43,888 in our software development.
Financing activities consisting of the sale of 12,132,000 shares of the Company
'
s common stock provide cash totaling $578,975. As of December 31, 2013, 2,726,000 shares were unissued.
As of
December 31
, 2013, we have insufficient cash to operate our business at the current level for the next twelve months and insufficient cash to achieve our business goals.  The success of our business plan beyond the next 12 months is contingent upon us obtaining additional financing. We intend to fund operations through debt and/or equity financing arrangements, which may be insufficient to fund our capital expenditures, working capital, or other cash requirements. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, or at all.
5
Off Balance Sheet Arrangements
As of December 31, 2013, there were no off balance sheet arrangements.
Critical Accounting Policies
In December 2001, the SEC requested that all registrants list their most
"
critical accounting polices
"
in the Management Discussion and Analysis. The SEC indicated that a
"
critical accounting policy
"
is one which is both important to the portrayal of a company
'
s financial condition and results, and requires management
'
s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain.
Our critical accounting policies are set forth in Note 2 to the financial statements.
Recently Issued Accounting Pronouncements
The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company
'
s results of operation, financial position or cash flow.
Item 3. Quantitative and Qualitative Disclosures About Market Risk
A smaller reporting company is not required to provide the information required by this Item.
Item 4. Controls and Procedures
Disclosure Controls and Procedures
We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of December 31, 2013.  This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer, who also serves as  our Chief Financial Officer.  Based upon that evaluation, by our Chief Executive Officer and Chief Financial Officer, he has concluded that, as of December 31, 2013, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.
A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company
'
s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of December 31, 2013, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.
Remediation Plan to Address the Material Weaknesses in Internal Control over Financial Reporting
Our company plans to take steps to enhance and improve the design of our internal controls over financial reporting.  During the period covered by this quarterly report on Form 10-Q, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending March 31, 2014: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts set out are largely dependent upon our securing additional financing to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner.
Changes in Internal Control over Financial Reporting
There were no changes in our internal control over financial reporting during the three months ended December 31, 2013 that have materially affected, or are reasonable likely to materially affect, our internal control over financial reporting.
6
PART II
–
OTHER INFORMATION
Item 1. Legal Proceedings
We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.
Item 1A: Risk Factors
A smaller reporting company is not required to provide the information required by this Item.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
From December 2, 2013 through January 17, 2014, we raised a total of $468,100 from 15 investors, and therefore  we issued 5,206,000 shares of our restricted common stock.  Such shares of common stock were issued in accordance with exemptions from registration provided by Section 4(a)(2), Regulation D and/or Regulation S of the Securities Act of 1933, as amended (
"
Securities Act
"
).  The use of such proceeds are planned to be used to fund our development and expansion plans
as discussed above in Item 2 of Part 1 of this report.
Investment Relations Agreements
Item 5 below, in regards to contracts in which there are stock issuances, are incorporated into this Item by this reference.
Item 3. Defaults upon Senior Securities
None.
Item 4. Mine Safety Disclosure
This Item is not applicable.
Item 5. Other Information
Investment Relations Agreements
On January 22, 2014, we entered into two separate Investor Relations Agreements, in which each consultant will provide investment relations services to us in exchange for $5,000.00 per month, for three months.
On January 23, 2014, we entered into an Investment Relations Agreement with another consultant in which the consultant will provide investment relation services in exchange for 25,000 shares of restricted common stock exempt from registration pursuant to Section 4(a)(2) of the Securities Act.
On January 31, 2014, we entered into a Media & IR Service Provider Agreement, for a term of six months thereafter, in which the consultant will provide investment relations services in exchange for $30,000 USD and 300,000 shares of restricted common stock exempt from registration pursuant to Section 4(a)(2) of the Securities Act.
On February 3, 2014, we entered into another Investor Relations Agreement with an additional consultant in which we will pay the consultant $5,000 per month and 100,000 shares of restricted common stock exempt from registration exempt from registration pursuant to Section 4(a)(2) of the Securities Act, to provide us with investment relations services.
Unregistered Sales of Equity Securities
Item 2 above, is incorporated into this Item by this reference.
7
Item 6. Exhibits
Exhibit Number
Description of Exhibit
31.1
Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1
Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101**
The following materials from the Company
'
s Quarterly Report on Form 10-Q for the quarter ended September 30, 2013 formatted in Extensible Business Reporting Language (XBRL).
**Provided herewith, however, pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.
SIGNATURES
In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Development Capital Group, Inc.
Date:
February 13, 2014
By:
s/
Johnathan Lindsay
Johnathan Lindsay
Title:
Chief Executive Officer, Principal Executive Officer, and Director
8