10K is bad, not as bad as it could have been.  Many companies out there have much worse.  Look we all know or have at least figured out that a company without revenue survives by printing shares, but this 10K adds more questions to the ever growing list.  Hoping / (yes DCB) praying that the news today will at least answer a few of the new questions.

  The worst of it is this line:

On February 4, 2013, the Company issued 62,600,847 shares of its common stock to a related entity controlled by Andrew Reid to eliminate a debt of $329,000 to the related entity. The shares were valued at $970,313.

Two questions: 

1. Who / What is the "related entity"? 

2. Why was the "extra $641,313.00" necessary?