In October 2012, the Company applied for and received from the Australian Taxation Office a research and development tax credit in the amount of $56,849.

In October 2012, the Company made a repayment $32,931 of the loan from the Company's Chief Executive Office. 

In November 2012, the Company issued 50,000 shares of common stock to a consultant for services.  The shares are fully vested and valued at $0.65 (based on contemporaneous cash sales prices) and accordingly, the Company recognized an expense of $32,500 related to the share issuance.

In November 2012, the Company issued 300,000 shares of common stock to a consultant for services.  The shares are fully vested and valued at $0.65 (based on contemporaneous cash sales prices) and accordingly, the Company recognized an expense of $195,000 related to the share issuance.

In November 2012, the Company issued 35,000 shares of common stock to a consultant for services.  The shares are fully vested and valued at $0.65 (based on contemporaneous cash sales prices) and accordingly, the Company recognized an expense of $22,750 related to the share issuance.