The following provides a summary of events for 2013: 1. On January 2, Anderson, together with three investors, established BreatheScreen Inc. BreatheScreen issued 17,000,000 common shares to investors for $2 per share. 2. Also on January 2, BreatheScreen issued an additional 3,000,000 shares, which were given to Anderson in exchange for the trademark "BreatheScreen." The trademark is viewed as a key success factor to the business. 3. On January 5, BreatheScreen signed a one-year agreement to license technology from Sensor Inc. The licensing period began on February 1, 2013, and the annual fee of $3,000,000 was paid in full. 4. On January 10, BreatheScreen purchased new machinery that will be used in the production of the BreatheScreen for $13,500,000 in cash. An additional $1,500,000 was paid for installation. 5. BreatheScreen contracted with a small health technology company to modify the original sensing chip to detect certain volatile organic compounds (VOCs) associated with cancer. Toward the end of February 2013, the health technology company delivered the required specifications and a pre-production model and was paid a total of $2,000,000