----

| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

| SINOCUBATE, INC.                                       |
|--------------------------------------------------------|
| (Exact name of registrant as specified in its charter) |

| Nevada                                           |   | 98-0199508                        |
|--------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or |   | (IRS Employer Identification No.) |
| organization)                                    |   |                              |

| Kerry Centre, 1515 West Nanjing Road, Suite 1002 |   |       |
|--------------------------------------------------|--------|------------|
| Shanghai, P.R. China                             |   | 200040     |
| (Address of principal executive offices)         |   | (Zip Code) |

| +86 (21) 5298 6257              |
|---------------------------------|
| Issuer’s telephone number |

|                                                      |
|------------------------------------------------------------------------------------|
| (Former name, former address and former fiscal year, if changed since last report) |

| Large Accelerated Filer |  ̈ | Accelerated Filer         |  ̈ |
|-------------------------|--------|---------------------------|--------|
| Non Accelerated Filer   |  ̈ | Smaller Reporting Company | x      |

----

| PART I – FINANCIAL INFORMATION |                                                                                        |
|-------------------------------------------|---------------------------------------------------------------------------------------------|
| ITEM 1.                                   | CONSOLIDATED FINANCIAL STATEMENTS                                                           |   |
|                                      | Consolidated Balance Sheets (Unaudited)                                                     | F-1 |
|                                      | Consolidated Statement of Operations and Comprehensive Loss (Unaudited)                     | F-2 |
|                                      | Consolidated Statement of Cash Flows (Unaudited)                                            | F-3 |
|                                      | Consolidated  Statement of Stockholders' Deficiency (Unaudited)                   | F-4 |
|                                      | Notes to Consolidated Financial Statements (Unaudited)                                      | F-5 – F-9 |
| ITEM 2.                                   | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 3 |
| ITEM 3.                                   | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                  | 4 |
| ITEM 4.                                   | CONTROLS AND PROCEDURES                                                                     | 4 |
| PART II – OTHER INFORMATION         |                                                                                        |
| ITEM 1.                                   | LEGAL PROCEEDINGS                                                                           | 5 |
| ITEM 1A.                                  | RISK FACTORS                                                                                | 5 |
| ITEM 2.                                   | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                                 | 5 |
| ITEM 3.                                   | DEFAULTS UPON SENIOR SECURITIES                                                             | 5 |
| ITEM 4.                                   | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                         | 5 |
| ITEM 5.                                   | OTHER INFORMATION                                                                           | 5 |
| ITEM 6.                                   | EXHIBITS                                                                                    | 5 |
| SIGNATURES                                | 5                                                                                           |

----

|                                                                                                                                                                                         |   | September 30,2011 |       |   | December 31, 2010 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|--------|-------------------|--------|
|                                                                                                                                                                                         |   | (Unaudited)       |       |   |              |   |
|                                                                                                                                                                                         |   |              |       |   |              |   |
| ASSETS                                                                                                                                                                                       |   |              |       |   |              |   |
| Cash                                                                                                                                                                                         |   | $                 | 100        |   |              | $      | - |   |
| Long-term Investment  (Notes 2 and 5)                                                                                                                                              |   |              | 5,065,838  |   |              |   | - |   |
| TOTAL ASSETS                                                                                                                                                                                 |   | $                 | 5,065,938  |   |              | $      | - |   |
|                                                                                                                                                                                         |   |              |       |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS’EQUITY                                                                                                                                                    |   |              |       |   |              |   |   |   |
| Current (Note 6)                                                                                                                                                                             |   | $                 | -          |   |              | $      | - |   |
|                                                                                                                                                                                         |   |              |       |   |              |   |   |   |
| Related Party Transactions (Note 4)                                                                                                                                                          |   |              |       |   |              |   |   |   |
|                                                                                                                                                                                         |   |              |       |   |              |   |   |   |
| Capital Stock                                                                                                                                                                                |   |              |       |   |              |   |   |   |
| Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued or outstanding as of September 30, 2011                                                                |   |              | -          |   |              |   | - |   |
| Common stock, $0.001 par value, 100,000,000 shares authorized and outstanding 2,907,075 shares issued as of September 30, 2011, and 995,655 shares issued as of September 30, 2010 |   | $                 | 2,908      |   |              | $      | 996 |   |
|                                                                                                                                                                                         |   |              |       |   |              |   |   |   |
| Additional Paid in Capital (100% Investor's equity of Viking investment LLC, (Nevada))                                                                                                       |   |              | 100        |   |              |   | - |   |
|                                                                                                                                                                                         |   |              |       |   |              |   |   |   |
| Additional Paid-In Capital                                                                                                                                                                   |   |              | 2,883,651  |   |              |   | 2,359,863 |   |
| Subscription Receivable                                                                                                                                                                      |   |              | 4,587,838  |   |              |   | - |   |
| Deficit                                                                                                                                                                                      |   |              | -          |   |              |   | (1,305,454 | ) |
| Deficit accumulated during the development stage                                                                                                                                             |   |              | (2,408,559 | )      |              |   | (1,055,405 | ) |
| Total Stockholders' Equity                                                                                                                                                                   |   |              | 5,065,938  |   |              |   | - |   |
|                                                                                                                                                                                         |   |              |       |   |              |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’EQUITY                                                                                                                                              |   | $                 | 5,065,938  |   |              | $      | - |   |

----

|                                                 |   |                |      |   |              |   |    | January 1, 2004 (Date of   |   |
|------------------------------------------------------|--------|---------------------|-----------|--------|-------------------|--------|---------|----------------------------|--------|
|                                                 |   |                |      |   |              |   |    | Inception of the           |   |
|                                                 |   | Three months ended, |      |   | Nine months ended |   |    | Development Stage) to |   |
|                                                 |   | September 30,       |      |   | September 30,     |   |    | September 30,              |   |
|                                  |   | 2011           |      |   | 2010         |   |    | 2011                  |   |   | 2010 |   |   | 2011 |   |
| General and administrative expenses:                 |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |
| Amortization                                         |   | $                   | -         |   |              | $      | -       |                       |   | $ | - |   |   | $ | - |   |   | $ | 27,077 |   |
| Bad debt                                             |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 525 |   |
| Corporate promotion                                  |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 13,920 |   |
| Finance charges                                      |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 27,397 |   |
| Insurance                                            |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 15,901 |   |
| Interest on notes payable                            |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 34,648 |   |
| Management and consultant fees                       |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 316,624 |   |
| Office supplies and services                         |   |                | 500       |   |              |   | 1,000   |                       |   |   | 1,500 |   |   |   | 3,000 |   |   |   | 52,442 |   |
| Professional fees                                    |   |                | 1,500     |   |              |   | 3,000   |                       |   |   | 4,500 |   |   |   | 9,000 |   |   |   | 338,517 |   |
| Rent (Note 6)                                        |   |                | 21,820    |   |              |   | -       |                       |   |   | 41,700 |   |   |   | - |   |   |   | 53,261 |   |
| Wages                                                |   |                | -         |   |              |   |    |                       |   |   | - |   |   |   | - |   |   |   | 84,258 |   |
|                                                 |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss before other items                              |   |                | (23,820   | )      |              |   | (4,000  | )                          |   |   | (47,700 | ) |   |   | (12,000 | ) |   |   | (964,570 | ) |
|                                                 |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Other items:                                         |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss on disposition of equipment                     |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | (15,028 | ) |
| Write-down of intangible assets                      |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | (50,001 | ) |
| Write-off of payables                                |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 73,607 |   |
| Write-off of notes payable                           |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 14,823 |   |
| Gain on settlement of lawsuit                        |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 44,445 |   |
| Gain on sale of investment                           |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 31,874 |   |
| Other income                                         |   |                | -         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 42,530 |   |
|                                                 |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) from continuing operations             |   |                | (23,820   | )      |              |   | (4,000  | )                          |   |   | (47,700 | ) |   |   | (12,000 | ) |   |   | (822,320 | ) |
|                                                 |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating loss (income) from discontinued operations |   |                | 0         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | (388,905 | ) |
|                                                 |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain on sales of discontinued operations             |   |                | 0         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | 108,120 |   |
|                                                 |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                    |   | $                   | (23,820   | )      |              | $      | (4,000  | )                          |   | $ | (47,700 | ) |   | $ | (12,000 | ) |   | $ | (1,103,105 | ) |
|                                                 |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted income (loss) per                  |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Common share – continuing operations           |   |                | (0        | )      |              |   | (0      | )                          |   |   | (0 | ) |   |   | (0 | ) |   |   | (1 | ) |
| Weighted average number of common share              |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| outstanding – basic and diluted           |   |                | 1,304,042 |   |              |   | 995,655 |                       |   |   | 1,304,042 |   |   |   | 995,655 |   |   |   | 1,304,042 |   |
|                                                 |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income (loss)                          |   |                |      |   |              |   |    |                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                    |   | $                   | (23,820   | )      |              | $      | (4,000  | )                          |   | $ | (47,700 | ) |   | $ | (12,000 | ) |   | $ | (1,103,105 | ) |
| Foreign currency translation adjustment              |   |                | 0         |   |              |   | -       |                       |   |   | - |   |   |   | - |   |   |   | - |   |
| Total comprehensive income (loss)                    |   | $                   | (23,820   | )      |              | $      | (4,000  | )                          |   | $ | (47,700 | ) ) |   | $ | (12,000 | ) |   | $ | (1,103,105 | ) |

----

|                                                                                      |   |              |    |   | January 1, 2004 (Date of   |   |
|-------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|----------------------------|--------|
|                                                                                      |   |              |    |   | Inception of the           |   |
|                                                                                      |   | Nine months ended |    |   | Development Stage) to |   |
|                                                                                      |   | September 30,     |    |   | September 30,              |   |
|                                                                                      |   |              | 2,011   |   |                       |   | 2,010 |   |   |   | 2,011 |   |
| Cash flows from operating activities:                                                     |   |              |    |   |                       |   |   |   |   |   |   |   |
| Net income (loss)                                                                         |   | $                 | (47,700 | )      |                       | $      | (12,000 | ) |   | $ | (1,103,105 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities:               |   |              |    |   |                       |   |   |   |   |   |   |   |
| Finance charges                                                                           |   |              | — |   |                       |   | — |   |   |   | 27,387 |   |
| Accrued interest on notes payable                                                         |   |              | — |   |                       |   | — |   |   |   | 31,414 |   |
| Amortization                                                                              |   |              | — |   |                       |   | — |   |   |   | 27,077 |   |
| Accrued expenses and service costs assumed by majority shareholder                        |   |              | 47,700  |   |                       |   | 12,000 |   |   |   | 143,458 |   |
| Acquisition of a wholly-owned subsidary and the liability assumed by majority stockholder |   |              | 100     |   |                       |   | — |   |   |   | 100 |   |
| Foreign exchange effect on notes payable                                                  |   |              | — |   |                       |   | — |   |   |   | 5,303 |   |
| Issuance of common stock for services                                                     |   |              | — |   |                       |   | — |   |   |   | 1,000 |   |
| Stock-based compensation                                                                  |   |              | — |   |                       |   | — |   |   |   | 28,480 |   |
| Loss on disposition of equipment                                                          |   |              | — |   |                       |   | — |   |   |   | 225,184 |   |
| Write-down of intangible assets                                                           |   |              | — |   |                       |   | — |   |   |   | 360,001 |   |
| Write-off of payables                                                                     |   |              | — |   |                       |   | — |   |   |   | (73,607 | ) |
| Write-off of notes payable                                                                |   |              | — |   |                       |   | — |   |   |   | (18,729 | ) |
| Gain on settlement of lawsuit                                                             |   |              | — |   |                       |   | — |   |   |   | (44,445 | ) |
| Gain on sale of discontinued operations                                                   |   |              | — |   |                       |   | — |   |   |   | (108,121 | ) |
| Gain on sale of investments                                                               |   |              | — |   |                       |   | — |   |   |   | (31,874 | ) |
| Other income                                                                              |   |              | — |   |                       |   | — |   |   |   | (42,530 | ) |
| Changes in non-cash working capital items:                                                |   |              |    |   |                       |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                                  |   |              | — |   |                       |   | — |   |   |   | 150,271 |   |
| Cash used in continuing operations                                                        |   |              | 100     |   |                       |   | — |   |   |   | (422,736 | ) |
| Discontinued operations                                                                   |   |              | — |   |                       |   | — |   |   |   | (171,213 | ) |
|                                                                                      |   |              |    |   |                       |   |   |   |   |   |   |   |
| Net cash used in operating activities                                                     |   |              | 100     |   |                       |   | — |   |   |   | (593,949 | ) |
|                                                                                      |   |              |    |   |                       |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                                     |   |              |    |   |                       |   |   |   |   |   |   |   |
| Proceeds from sale of subsidiary                                                          |   |              | — |   |                       |   | — |   |   |   | 1 |   |
| Proceeds from assets disposition                                                          |   |              | — |   |                       |   | — |   |   |   | 5,458 |   |
| Purchase of equipment                                                                     |   |              | — |   |                       |   | — |   |   |   | (5,808 | ) |
| Net cash used in investing activities                                                     |   |              | — |   |                       |   | — |   |   |   | (349 | ) |
|                                                                                      |   |              |    |   |                       |   |   |   |   |   |   |   |
| Cash flows from financing activities:                                                     |   |              |    |   |                       |   |   |   |   |   |   |   |
| Settlement of notes payable                                                               |   |              | — |   |                       |   | — |   |   |   | 398,614 |   |
| Proceeds from issuance of common stock                                                    |   |              | — |   |                       |   | — |   |   |   | 1,000 |   |
|                                                                                      |   |              |    |   |                       |   |   |   |   |   |   |   |
| Net cash provided by financing activities                                                 |   |              | — |   |                       |   | — |   |   |   | 399,614 |   |
|                                                                                      |   |              |    |   |                       |   |   |   |   |   |   |   |
| Effect of exchange rate changes on cash                                                   |   |              | — |   |                       |   | — |   |   |   | (14,734 | ) |
|                                                                                      |   |              |    |   |                       |   |   |   |   |   |   |   |
| Change in cash                                                                            |   |              | 100     |   |                       |   | — |   |   |   | (209,418 | ) |
|                                                                                      |   |              |    |   |                       |   |   |   |   |   |   |   |
| Cash, beginning of period                                                                 |   |              | — |   |                       |   | — |   |   |   | 209,518 |   |
|                                                                                      |   |              |    |   |                       |   |   |   |   |   |   |   |
| Cash, end of period                                                                       |   | $                 | 100     |   |                       | $      | — |   |   | $ | 100 |   |

----

|                                                                                                                                           |   |          |      |   |     |   |    |       |   |   |       |   |   |          |    |   |          |   |      |   |   |   | Deficit     |   |   |   |    |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|-----------|--------|----------|--------|---------|------------|--------|--------|------------|--------|--------|---------------|---------|--------|---------------|--------|-----------|--------|--------|--------|-------------|--------|--------|--------|---------|
|                                                                                                                                           |   |          |      |   |     |   |    |       |   |   |       |   |   |          |    |   | Accumulated   |   |      |   |   |   | Accumulated |   |   |   |    |
|                                                                                                                                           |   |          |      |   |     |   |    |       |   |   | Additional |   |   |          |    |   | Other         |   |      |   |   |   | During the  |   |   |   |    |
|                                                                                                                                           |   | Common Shares |      |   | Treasury |   |    | Investor's |   |   | Paid-in    |   |   | Subscriptions |    |   | Comprehensive |   |      |   |   |   | Development |   |   |   |    |
|                                                                                                                                           |   | Number        |      |   | Amount   |   |    | Stock      |   |   | Equity     |   |   | Capital       |    |   | Received      |   |      | Income |   |   | Deficit     |   |   | Stage  |    |   | Total |   |
| May 3, 1989 (Inception) through December 31, 1997                                                                                         |   |          | 60,022    |   |     | $      | 600     |       |   | $      | —    |   |   | $             | — |   |          | $      | 9,400     |   |   | $      | —     |   |   | $      | — |   |   | $ | (10,000 | ) |   | $ | — |   |   | $ | — |   |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | (148,931 | ) |   |   | — |   |   |   | (148,931 | ) |
| Shares issued for cash                                                                                                                         |   |          | 180,000   |   |     |   | 1,800   |       |   |   | —    |   |   |          | — |   |          |   | 148,200   |   |   |   | 2,000       |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 152,000 |   |
| Balance at December 31, 1998                                                                                                                   |   |          | 240,022   |   |     |   | 2,400   |       |   |   | —    |   |   |          | — |   |          |   | 157,600   |   |   |   | 2,000       |   |   |   | — |   |   |   | (158,931 | ) |   |   | — |   |   |   | 3,069 |   |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | (511,587 | ) |   |   | — |   |   |   | (511,587 | ) |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | (14,130 | ) |   |   | — |   |   |   | — |   |   |   | (14,130 | ) |
| Share issued for services                                                                                                                      |   |          | 15,000    |   |     |   | 150     |       |   |   | —    |   |   |          | — |   |          |   | 124,850   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 125,000 |   |
| Subscription receivable                                                                                                                        |   |          | 12,000    |   |     |   | 120     |       |   |   | —    |   |   |          | — |   |          |   | 99,880    |   |   |   | 8,000       |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 108,000 |   |
| Share issued for intangible assets                                                                                                             |   |          | 15,000    |   |     |   | 150     |       |   |   | —    |   |   |          | — |   |          |   | 124,850   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 125,000 |   |
| Balance at December 31, 1999                                                                                                                   |   |          | 282,022   |   |     |   | 2,820   |       |   |   | —    |   |   |          | — |   |          |   | 507,180   |   |   |   | 10,000      |   |   |   | (14,130 | ) |   |   | (670,518 | ) |   |   | — |   |   |   | (164,648 | ) |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | (339,063 | ) |   |   | — |   |   |   | (339,063 | ) |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | 18,885  |   |   |   | — |   |   |   | — |   |   |   | 18,885 |   |
| Shares issued for cash                                                                                                                         |   |          | 21,600    |   |     |   | 216     |       |   |   | —    |   |   |          | — |   |          |   | 259,784   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 260,000 |   |
| Shares issued for settlement of debt                                                                                                           |   |          | 4,500     |   |     |   | 45      |       |   |   | —    |   |   |          | — |   |          |   | 174,955   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 175,000 |   |
| Subscription receivable                                                                                                                        |   |          | 600       |   |     |   | 6       |       |   |   | —    |   |   |          | — |   |          |   | 9,994     |   |   |   | (200        | )      |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 9,800 |   |
| Subscription received                                                                                                                          |   |          | 30,000    |   |     |   | 300     |       |   |   | —    |   |   |          | — |   |          |   | 499,700   |   |   |   | (9,350      | )      |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 490,650 |   |
| Stock option benefit                                                                                                                           |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | 14,235    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 14,235 |   |
| Balance at December 31, 2000                                                                                                                   |   |          | 338,722   |   |     |   | 3,387   |       |   |   | —    |   |   |          | — |   |          |   | 1,465,848 |   |   |   | 450         |   |   |   | 4,755   |   |   |   | (1,009,581 | ) |   |   | — |   |   |   | 464,859 |   |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | 375,621 |   |   |   | — |   |   |   | 375,621 |   |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | 13,629  |   |   |   | — |   |   |   | — |   |   |   | 13,629 |   |
| Shares issued for cash                                                                                                                         |   |          | 300       |   |     |   | 3       |       |   |   | —    |   |   |          | — |   |          |   | 2,247     |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 2,250 |   |
| Subscription received                                                                                                                          |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | 200         |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 200 |   |
| Stock option benefit                                                                                                                           |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | 118,920   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 118,920 |   |
| Repurchase of common stock for treasury                                                                                                        |   |          | —   |   |     |   | — |       |   |   | (270       |   |   |          | — |   |          |   | (6,611    | )      |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (6,881 | ) |
| Balance at December 31, 2001                                                                                                                   |   |          | 339,022   |   |     |   | 3,390   |       |   |   | (270       |   |   |          | — |   |          |   | 1,580,404 |   |   |   | 650         |   |   |   | 18,384  |   |   |   | (633,960 | ) |   |   | — |   |   |   | 968,598 |   |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   |    |   |   |   | (63,864 | ) |   |   | — |   |   |   | (63,864 | ) |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | (1,155  | ) |   |   | — |   |   |   | — |   |   |   | (1,155 | ) |
| Shares issued for cash                                                                                                                         |   |          | 4,500     |   |     |   | 45      |       |   |   | —    |   |   |          | — |   |          |   | 33,705    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 33,750 |   |
| Balance at December 31, 2002                                                                                                                   |   |          | 343,522   |   |     | $      | 3,435   |       |   | $      | (270       |   |   | $             | — |   |          | $      | 1,614,109 |   |   | $      | 650         |   |   | $      | 17,229  |   |   | $ | (697,824 | ) |   | $ | — |   |   | $ | 937,329 |   |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | (607,630 | ) |   |   | — |   |   |   | (607,630 | ) |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | 1,752   |   |   |   | — |   |   |   | — |   |   |   | 1,752 |   |
| Stock option benefit                                                                                                                           |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | 11,800    |   |   |   |        |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 11,800 |   |
| Cancellation of agreement                                                                                                                      |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | (650        | )      |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (650 | ) |
| Share issues for cash on exercise of options                                                                                                   |   |          | 12,000    |   |     |   | 120     |       |   |   | —    |   |   |          | — |   |          |   | 11,880    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 12,000 |   |
| Share issues for consulting services                                                                                                           |   |          | 45,000    |   |     |   | 450     |       |   |   | —    |   |   |          | — |   |          |   | 49,675    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 50,125 |   |
| Share issues for intangible assets                                                                                                             |   |          | 60,000    |   |     |   | 600     |       |   |   | —    |   |   |          | — |   |          |   | 104,400   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 105,000 |   |
| Share issued for software                                                                                                                      |   |          | 60,000    |   |     |   | 600     |       |   |   | —    |   |   |          | — |   |          |   | 53,400    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 54,000 |   |
| Balance at December 31, 2003                                                                                                                   |   |          | 520,522   |   |     |   | 5,205   |       |   |   | (270       |   |   |          | — |   |          |   | 1,845,264 |   |   |   | —     |   |   |   | 18,981  |   |   |   | (1,305,454 | ) |   |   | — |   |   |   | 563,726 |   |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | (795,364 | ) |   |   | (795,364 | ) |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | (238    | ) |   |   | — |   |   |   | — |   |   |   | (238 | ) |
| Stock-based compensation                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | 4,460     |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 4,460 |   |
| Shares issued for cash on exercise of options                                                                                                  |   |          | 1,000     |   |     |   | 10      |       |   |   | —    |   |   |          | — |   |          |   | 990       |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 1,000 |   |
| Share issued for debt                                                                                                                          |   |          | 140,000   |   |     |   | 1,400   |       |   |   | —    |   |   |          | — |   |          |   | 68,600    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 70,000 |   |
| Share issued for consulting services                                                                                                      |   |          | 2,000     |   |     |   | 20      |       |   |   | —    |   |   |          | — |   |          |   | 980       |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 1,000 |   |
| Balance at December 31, 2004                                                                                                                   |   |          | 663,522   |   |     |   | 6,635   |       |   |   | (270       |   |   |          | — |   |          |   | 1,920,294 |   |   |   | —     |   |   |   | 18,743  |   |   |   | (1,305,454 | ) |   |   | (795,364 | ) |   |   | (155,416 | ) |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | (54,416 | ) |   |   | (54,416 | ) |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | (702    | ) |   |   | — |   |   |   | — |   |   |   | (702 | ) |
| Share issues for consulting services                                                                                                           |   |          | 18,000    |   |     |   | 180     |       |   |   | —    |   |   |          | — |   |          |   | 8,820     |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 9,000 |   |
| Balance at December 31, 2005                                                                                                                   |   |          | 681,522   |   |     |   | 6,815   |       |   |   | (270       |   |   |          | — |   |          |   | 1,929,114 |   |   |   | —     |   |   |   | 18,041  |   |   |   | (1,305,454 | ) |   |   | (849,780 | ) |   |   | (201,534 | ) |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | (36,575 | ) |   |   | (36,575 | ) |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | 563     |   |   |   | — |   |   |   | — |   |   |   | 563 |   |
| Share issues for debt                                                                                                                          |   |          | 50,000    |   |     |   | 500     |       |   |   | —    |   |   |          | — |   |          |   | 24,500    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 25,000 |   |
| Balance at December 31, 2006                                                                                                                   |   |          | 731,522   |   |     |   | 7,315   |       |   |   | (270       |   |   |          | — |   |          |   | 1,953,614 |   |   |   | —     |   |   |   | 18,604  |   |   |   | (1,305,454 | ) |   |   | (886,355 | ) |   |   | (212,546 | ) |
| Net loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | (170,950 | ) |   |   | (170,950 | ) |
| Discount on notes payable                                                                                                                      |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | 20,573    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 20,573 |   |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | (13,391 | ) |   |   | — |   |   |   | — |   |   |   | (13,391 | ) |
| Balance at December 31, 2007                                                                                                                   |   |          | 731,522   |   |     |   | 7,315   |       |   |   | (270       |   |   |          | — |   |          |   | 1,974,187 |   |   |   | —     |   |   |   | 5,213   |   |   |   | (1,305,454 | ) |   |   | (1,057,305 | ) |   |   | (376,314 | ) |
| Issuance of new shares                                                                                                                         |   |          | 284,637   |   |     |   | 2,846   |       |   |   | —    |   |   |          | — |   |          |   | 267,559   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 270,405 |   |
| Cancellation of shares                                                                                                                         |   |          | (20,504   | )      |     |   | (205    | )          |   |   | 270        |   |   |          | — |   |          |   | (65       | )      |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Services assumed by majority stockholder                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | 32,000    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 32,000 |   |
| Change in par value of common share from $0.01 per share to $0.001 per share                                                                   |   |          | —   |   |     |   | (8,960  | )          |   |   | —    |   |   |          | — |   |          |   | 8,960     |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Net income                                                                                                                                     |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | 79,122 |   |   |   | 79,122 |   |
| Foreign currency translation adjustment                                                                                                        |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | (5,213  | ) |   |   | — |   |   |   | — |   |   |   | (5,213 | ) |
| Balance at December 31, 2008 (audited)                                                                                                         |   |          | 995,655   |   |     |   | 996     |       |   |   | —    |   |   |          | — |   |          |   | 2,282,641 |   |   |   | —     |   |   |   | — |   |   |   | (1,305,454 | ) |   |   | (978,183 | ) |   |   | — |   |
| Services assumed by majority stockholder                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | 28,004    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 28,004 |   |
| Stock-based compensation                                                                                                                       |   |          |      |   |     |   |    |       |   |   |       |   |   |          |    |   |          |   | 24,020    |   |   |   |        |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   | 24,020 |   |
| Net Loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | (52,024 | ) |   |   | (52,024 | ) |
| Balance at December 31, 2009 (audited)                                                                                                         |   |          | 995,655   |   |     |   | 996     |       |   |   | —    |   |   |          | — |   |          |   | 2,334,665 |   |   |   | —     |   |   |   | — |   |   |   | (1,305,454 | ) |   |   | (1,030,207 | ) |   |   | — |   |
| Services assumed by majority stockholder                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | 25,198    |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 25,198 |   |
| Net Loss                                                                                                                                       |   |          | —   |   |     |   | — |       |   |   | —    |   |   |          | — |   |          |   | —   |   |   |   | —     |   |   |   | — |   |   |   | — |   |   |   | (25,198 | ) |   |   | (25,198 | ) |
| Balance at December 31, 2010 (audited)                                                                                                         |   |          | 995,655   |   |     |   | 996     |       |   |   | —    |   |   |          | — |   |          |   | 2,359,863 |   |   |   | —     |   |   |   | — |   |   |   | (1,305,454 | ) |   |   | (1,055,405 | ) |   |   | - |   |
| Deficit transfer to accumulated deficit account                                                                                                |   |          |      |   |     |   |    |       |   |   |       |   |   |          |    |   |          |   |      |   |   |   |        |   |   |   |    |   |   |   | 1,305,454 |   |   |   | (1,305,454 | ) |   |   | - |   |
| Net Loss                                                                                                                                       |   |          | -         |   |     |   | -       |       |   |   | -          |   |   |          | -       |   |          |   | -         |   |   |   | -           |   |   |   | -       |   |   |   | - |   |   |   | (47,700 | ) |   |   | -47,700 |   |
| Services assumed by majority stockholder (Note 6)                                                                                              |   |          | -         |   |     |   | -       |       |   |   | -          |   |   |          | -       |   |          |   | 47,700    |   |   |   | -           |   |   |   | -       |   |   |   | - |   |   |   |   |   |   |   | 47,700 |   |
| Additional Paid in Capital (Acquisition of Viking investment LLC, (Nevada)' s 100% equity and the payment was assumed by majority stockholder) |   |          |      |   |     |   |    |       |   |   |       |   |   |          | 100     |   |          |   |      |   |   |   |        |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   | 100 |   |
| Issuance of 1,912,000 new shares for exchanging common stock of China Wood                                                                     |   |          | 1,912,000 |   |     |   | 1,912   |       |   |   |       |   |   |          |    |   |          |   | 476,088   |   |   |   |        |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   | 478,000 |   |
| Issuance of 12,569,420 new shares for exchanging common stock of China Wood                                                                    |   |          |      |   |     |   |    |       |   |   |       |   |   |          |    |   |          |   |      |   |   |   | 4,587,838   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   | 4,587,838 |   |
| Balance at September 30, 2011 (Unaudited)                                                                                                      |   |          | 2,907,655 |   |     | $      | 2,908   |       |   |   | -          |   |   |          | 100     |   |          | $      | 2,883,651 |   |   | $      | 4,587,838   |   |   | $      | -       |   |   |   | - |   |   |   | (2,408,559 | ) |   |   | 5,065,938 |   |

----

| Note 1 | Interim Consolidated Financial Statements |
|--------|-------------------------------------------|

| Note 2 | Nature of Business and Going Concern Assumption |
|--------|-------------------------------------------------|

----

| Note 3 | Summary of Significant Accounting Policies |
|--------|--------------------------------------------|

|   | a) | Basis of Presentation |
|--------|----|-----------------------|

|   | b) | Use of Estimates |
|--------|----|------------------|

|   | c)  | Fair Values Of Financial Instruments |
|--------|----------|--------------------------------------|

|   | d) | Cash |
|--------|----|------|

|   | e) | Financial Instruments |
|--------|----|-----------------------|

|   | f) | Loss Per Share |
|--------|----|----------------|

|   | g) | Other Comprehensive Income |
|--------|----|----------------------------|

|   | h) | Income Taxes |
|--------|----|--------------|

|   | i) | Stock-Based Compensation |
|--------|----|--------------------------|

----

| Issuance Date |   | Expected volatility |   |   | Risk-free rate |   |   | Expected term (years) |   |   | Dividend yield |   |
|--------------------|--------|--------------------------|--------|--------|---------------------|--------|--------|---------------------------------|--------|--------|---------------------|--------|
| December 16, 2009  |   |                     | 204.70 | %      |                |   | 0.11   | %                               |   |   | 3                   |   |   |   | 0.00 | % |

|   | j) | Long-term investment and Securities owned |
|--------|----|-------------------------------------------|

|   | k) | Recent Accounting Pronouncements |
|--------|----|----------------------------------|

----

| Note 4 | Related Party Transactions |
|--------|----------------------------|

----

| Note 5  | Long-term investment |
|--------------|----------------------|

|                                                       |   | September 30, |      |   |                        |   |
|------------------------------------------------------------|--------|--------------------|-----------|--------|-----------------------------|--------|
|                                                       |   | (Unaudited)        |      |   | December 31, 2010 |   |
|                                                       |   | 2011               |      |   | 2010                        |   |   | (Audited) |   |
|                                                       |   |               |      |   |                        |   |   |   |   |
| China Wood Inc.                                            |   |               |      |   |                        |   |   |   |   |
| - Under the Company’s name                           |   |               | —   |   |                        |   | — |   |   | $ | — |   |
| - Under Viking Investments Group LLC (Nevada)’s name |   | $                  | 5,065,838 |   |                        | $      | — |   |   |   | — |   |

| Note 6  | Expenses and Commitment |
|--------------|-------------------------|

| Note 7 | Supplemental Cash Flow Information |
|--------|------------------------------------|

|                                                                                                                                                   |   |                                          |       |   | January 1, 2004          |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|------------|--------|------------------------------------|--------|
|                                                                                                                                                   |   |                                          |       |   | (Date of Inceptionof the |   |
|                                                                                                                                                   |   | Nine months endedSeptember 30, |       |   | Developmentstage) to               |   |
|                                                                                                                                                   |   | 2011                                          |       |   | 2010                               |   |   | September 30,2011 |   |
| Cash paid for:                                                                                                                                    |   |                                          |       |   |                               |   |   |   |   |
| Interest                                                                                                                                          |   | $                                             | —    |   |                               | $      | — |   |   | $ | — |   |
| Income taxes (recovery)                                                                                                                           |   | $                                             | —    |   |                               | $      | — |   |   | $ | (3,934 | ) |
|                                                                                                                                              |   |                                          |       |   |                               |   |   |   |   |   |   |   |
| Common shares issued to settle notes payable                                                                                                      |   | $                                             | —    |   |                               | $      | — |   |   | $ | 295,405 |   |
| Expenses assumed by principal stockholders                                                                                                   |   | $                                             | 47,700     |   |                               | $      | 12,000 |   |   | $ | 143,458 |   |
|                                                                                                                                                   |   |                                          |       |   |                               |   |   |   |   |   |   |   |
| Acquisition of a wholly owned subsidiary on non-cash basis                                                                                             |   | $                                             | (100       | )      |                               | $      | - |   |   |   |   |   |
| Liability assumed by majority shareholder to acquire a wholly owned subsidiary                                                                         |   | $                                             | 100        |   |                               | $      | - |   |   |   |   |   |
| Acquisition of 100,000 common shares of China Wood Inc. by issuance of 1,912,000 common shares of the Company                                          |   | $                                             | (478,000   | )      |                               | $      | - |   |   |   |   |   |
| Increase in paid in capital resulted from acquiring 100,000 common shares of China Wood by issuance of 1,912,000 common shares of the Company          |   | $                                             | 478,000    |   |                               | $      | - |   |   |   |   |   |
| Increase in share capital resulted from acquiring 100,000 common shares of China Wood by issuance of 1,912,000 common shares of the Company            |   | $                                             | 1,912      |   |                               | $      | - |   |   |   |   |   |
| Acquisition of 466,813 common shares of China Wood Inc. by issuance of 12,569,420 common shares of the Company                                         |   | $                                             | (4,587,838 | )      |                               | $      | - |   |   |   |   |   |
| Increase in subscription receivable resulted from acquiring 466,813 common shares of China Wood by issuance of 12,569,420 common shares of the Company |   | $                                             | 4,587,838  |   |                               | $      | - |   |   |   |   |   |

| Note 8 | Discontinued Operations |
|--------|-------------------------|

| Proceeds                                                                               |   | $      | 1      |   |
|---------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Liabilities assumed by purchaser of Casino Marketing S.A. as of April 1, 2008     |   |   | 8,169  |   |
| Liabilities assumed by purchaser of 564448 BC Ltd. as of April 1, 2008            |   |   | 70,267 |   |
|                                                                              |   |   |   |   |
| Gain on sale of discontinued operations                                           |   | $      | 78,437 |   |

| Note 9  | Termination of agreement |
|--------------|--------------------------|

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| Exhibit |                                                                      |
|---------|---------------------------------------------------------------------------|
| Number  | Description                                                               |
|    |                                                                      |
| 31.1    | Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer         |
|    |                                                                      |
| 31.2    | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer         |
|    |                                                                      |
| 32.1    | Certificate of Chief Executive Officer pursuant to 18 U.S.C. Section 1350 |
|    |                                                                      |
| 32.2    | Certificate of Chief Financial Officer pursuant to 18 U.S.C. Section 1350 |

| /s/ Tom Simeo                        | Date: November 15, 2011 |
|--------------------------------------|-------------------------|
| Tom Simeo                            |
| Chief Executive Officer and Director |

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