Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

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Consolidated Statements of Cash Flows (unaudited) (USD $)
3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net loss for the period $ (1,341,739) $ (630,906)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on note payable 121,974 134,738
Amortization of intangible assets 531,605 97,960
Imputed interest 225,000 46,237
Changes in operating assets and liabilities:    
Accounts receivable    206,663
VAT receivable (2,772)   
Accounts payable and accrued liabilities (2,258) (171,693)
Due to related parties 71,128 189,416
Net Cash Used In Operating Activities (397,062) (127,585)
Investing Activities    
Cash acquired on acquisition of subsidiary    16,263
Net Cash Provided by Investing Activities    16,263
Financing Activities    
Proceeds from related parties    14,786
Repayments to related parties (50,111)   
Proceeds from convertible debenture 200,000   
Net Cash Provided by Financing Activities 149,889 14,786
Effect of Foreign Exchange Rate Changes on Cash 133,609 5,122
Decrease in Cash (113,564) (91,414)
Cash, Beginning of Period 205,571 93,228
Cash, End of Period 92,007 1,814
Non-cash Investing and Financing Activities:    
Debt settled with the acquisition of intangible assets    330,877
Common stock issued for acquisition of intangible asset    12,959,060
Supplemental Disclosures:    
Interest paid      
Income taxes paid