SECURITIES AND EXCHANGE COMMISSION



Washington, D.C. 20549

______________________



FORM 10-K



[X] Annual Report under Section 13 or 15(d) of the Securities
Exchange Act of 1934



For the fiscal year ended December 31, 2013



OR



[   ] Transition Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934



For the transition period from ________ to ___________



Commission file number: 000-52227



START SCIENTIFIC, INC.

(Exact name of registrant as specified in its
charter)



|Delaware                                                                               |  | 20-4910418                                       
|-------------------------------------------------------------------------------------- |  | -------------------------------------------------
|(State
        or Other Jurisdiction
        of Incorporation
        or Organization) |  | (IRS Employer
        Identification
        No.)
|                                                                                       |  |                                                  
|515 Congress Ave. Suite 2060                                                           |  |                                                  
|Austin, TX                                                                             |  | 78701                                            
|(Address of Principal Executive Offices)                                               |  | (Zip Code)                                       



| | (801) 816-2570                                 | 
| | ---------------------------------------------- | 
| | Issuer’s Telephone Number, Including Area Code | 
| |                                                | 

Securities registered under Section 12(b) of the Exchange Act: None



Securities registered under Section 12(g) of the Exchange Act: None



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.  Yes ☐  No ☒



Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the Act.  Yes ☐  No ☒



Indicate by check mark whether the issuer (1) filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes ☒  No ☐



Indicate by checkmark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of
registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. ☐

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Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated
filer,”“accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.



|Large
accelerated filer ☐ |  | Accelerated
filer  ☐       
|------------------------- |  | ---------------------------
|Non-accelerated
filer ☐   |  | Smaller
reporting company ☒



Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
☐  Yes    ☒  No



The aggregate market value of the Company’s voting stock held
by non-affiliates computed by reference to the closing price as quoted on the Pink Sheets quotation system on June 30, 2013, was
approximately $275,000. For purposes of this calculation, voting stock held by officers, directors, and affiliates has been excluded.



As of September 24, 2014, the Company had 125,665,000 outstanding
shares of common stock, par value $0.0001 per share.





DOCUMENTS INCORPORATED BY REFERENCE



None.





































































Table of Contents2





PART I.



ITEM 1: BUSINESS



Cautionary Factors That May Affect Future Results (Cautionary
Statements Under the Private Securities Litigation Reform Act of 1995)



The disclosure and analysis set forth herein
concerning Start Scientific, Inc. (hereafter, “we”, “our”, “us”, or the “Company”)contains
certain forward looking statements, particularly statements relating to future actions, performance or results of current and anticipated
products and services, sales efforts, expenditures, and financial results. From time to time, we also provide forward-looking statements
in other publicly-released materials, both written and oral. Forward-looking statements provide current expectations or forecasts
of future events such as new products or services, product approvals, revenues, and financial performance. These statements are
identified as any statement that does not relate strictly to historical or current facts. We use words such as “anticipates,”
“intends,” “plans,” “expects,” “will,” and other words and phrases of similar meaning.
In all cases, a broad variety of assumptions can affect the realization of the expectations or forecasts in those statements. Consequently,
no forward-looking statement can be guaranteed. Actual future results may vary materially.



We undertake no obligation to update any forward-looking
statements, but investors are advised to consult any further disclosures by the Company on this subject in our subsequent filings
pursuant to the Securities Exchange Act of 1934. Furthermore, as permitted by the Private Securities Litigation Reform Act of 1995,
we provide these cautionary statements identifying risk factors, listed below, that could cause our actual results to differ materially
from expected and historical results. It is not possible to foresee or identify all such factors. Consequently, this list should
not be considered an exhaustive statement of all potential risks, uncertainties and inaccurate assumptions.



Corporate Organization



The Company was formed in the State of Utah
under the name of “Secure Networks, Inc.” on February 4, 2004, and was subsequently reincorporated in Delaware on February
14, 2007 under the name “Secure Netwerks, Inc.” At the time of its formation, the Company was a wholly-owned subsidiary
of SportsNuts, Inc., a Delaware corporation traded on the OTC Electronic Bulletin Board that files reports with the Securities
and Exchange Commission under Sections 13(a) and 15(d) of the Securities Exchange Act of 1934. On March 1, 2007, the shares of
the Company were spun-off to the shareholders of SportsNuts, Inc. On November 11, 2011, the Company changed its name to Start Scientific,
Inc. As of September 30, 2014, we had 281 shareholders of record.



The Business of the Company



Overview



Prior to March 2012, we were a computer and
technology hardware reseller to businesses and other organizations. Most of our clients were small and medium sized organizations,
although we attempted to market our products and services to larger organizations. We also outsourced technology-related services
to provide a full solution basket of technology products and services including hardware, software, network development and services.
Our clients consisted of some retail purchasers and small to medium-sized organizations, operating mostly in North America, but
we did have occasional clients in Europe. Due to our recent acquisition of oil and gas interests, our future business is expected
to be based on the exploration, development, drilling, and production of various oil and gas properties. In particular, we intend to look for oil and gas opportunities in international
markets. Whether in respect to the development of oil and gas interests in North America or overseas, we expect to align with industry
partners in respect of the drilling and operation of these wells. Our long-term focus is to grow and develop existing oil and gas
leasehold interests and acquire new interests within and without the continental United States. In addition, we intend to acquire
interests in older wells that, with the application of newer technologies, may increase production and reserves. We are a development
stage company.

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Our Oil & Gas Interests



Carpathian Energy. On May 16, 2012, we
entered into an agreement with Standard Energy Holdings LLC, an entity under common control with the Company, to acquire all of
the shares of Carpathian Energy – Companie Petroliera SRL, a Romanian limited liability company that holds various oil and
gas interests in Romania (hereafter, "Carpathian"). All of the conditions of purchase have not been satisfied as described
herein. The first recorded oil and gas production in history was established in Romania in 1854. In 1857, the giant Moreni-Gura-Ocnitei
Field was discovered which has produced approximately 750 million barrels of oil. Oil production increased dramatically from the
late 19th century until World War I, which resulted in massive destruction of oil production infrastructure throughout
the country. Following a rebuilding phase, Romanian oil exports were among the highest in the world just prior to the outbreak
of World War II. After that war, the oil industry was nationalized under communist rule and production continued to increase until
1976, but, while under communist control, the lack of investment in oil and gas exploration resulted in fewer discoveries and new
producing fields. The very low depletion rate of recoverable oil and gas reserves under the communist regime (3.5% annually), the
lack of a profit motive (and concomitant rewards for risk assumption), and the poor investment climate is indicative of the inefficiency
of oil and gas operations during this era. Since the fall of the communist dictatorship of Ceaucescu in 1989 and the establishment
of a democracy one year later, it appears that the political climate now exists to safely accommodate investment in most economic
and business sectors of Romania. Romania became a member of the European Union (EU) in 2007. We believe there is an opportunity
for investment in the Romanian oil and gas industry.



To date, approximately 6.7 billion barrels of
recoverable oil reserves has been discovered in Romania, of which 5.8 billion have been produced. We have therefore estimated that
approximately 1 billion barrels of recoverable oil reserves remain in place. Also, some 55 trillion cubic feet (Tcf) of recoverable
gas has been discovered, of which 43 Tcf has been produced. Romania has current average daily production of approximately 200,000
barrels of oil and oil equivalents from 250 to 300 oil and gas fields.



Established in 2001, Carpathian has analyzed
and studied over 40 existing fields in Romania. After the initial studies identified certain oil and gas fields that met the parameters
of Carpathian’s objectives, efforts commenced to acquire those fields. Carpathian has been successful in acquiring exploration
and production licenses for six fields which have met its criteria. The fields included are: Calinesti Field/Alexandria Block and
Cozieni Field, Nadlac Field, and the Bordei Verde Vest Field. The Catrunesti Field is a small, simple structure, upon which it
is planned to drill one or two wells. The East Ciumeghiu Field produced about 14 BCF and is expected to have significant remaining
reserves that could be economically produced by drilling one new well.



Using American and Romanian geologists
and engineers, Carpathian has analyzed the shut-in fields available for concession and has concluded that a number of the oil
fields have produced only 10% of recoverable reserves as result of inefficient drilling and production techniques. In
addition, some of the individual wells in the fields reviewed were producing significant amounts of oil and/or gas when they
developed mechanical problems and were either shut down or, in some instances, simply plugged and abandoned. It also appears
that the official government calculation of the original reserves in many of the oil fields were significantly
underestimated.



Upon completion of its review of the available
fields, Carpathian acquired the concession rights to Bordei Verde Vest, Nadlac, Catrunesti, Cozieni, and East Ciumeghiu fields,
as well as the South Bucharest Block I-II concession (also called the Alexandria Block which encompasses 114,000 acres and includes
the Calinesti field). A tabular summary of each of these concession rights are included below and encompass a total of approximately
120,000 acres. Extensive geological and engineering research was performed on these fields, including the re-evaluation of all
well logs, core analyses, mud logs, production history, and any other information available. All six fields have data indicating
significant remaining reserves in multiple zones. It is believed that these reserves can be recovered at a relatively low cost
by drilling new wells in the known reserves. Once these projects are profitable, additional wells

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may be drilled to explore deeper
substrata. These fields are not considered proven reserves because we do not have a current 2013 Reserve Report. Furthermore,
the Carpathian assets have not been acquired because we have not paid $5 million dollars as required by the agreement.



Our policy in respect of the operation and production
of these fields will be to produce them at conservative rates so as to recover a higher percentage of hydrocarbons from the reservoir.
We plan to rework and/or drill and develop these properties in an orderly and economically efficient manner.



Risk of Unwinding.  We intend to
raise capital to enable us to use the proceeds to invest in the development of our oil and gas properties.  Importantly, our
agreement to acquire Carpathian contains an obligation to invest, no later than July 15, 2012, a minimum of Five Million Dollars
($5,000,000) into the development of Carpathian’s oil and gas assets.  The previous owners of Carpathian, who
are related parties, have the right to unwind the acquisition of Carpathian and reclaim the Carpathian interest from the Company. 
(See RISK FACTORS)



On April 2, 2012, the Company entered into an
agreement to acquire two separate one-fourth (1/4) working interests (collectively, the “Working Interests”) in certain
oil and gas leases covering the Board of Education No. 6 Well located in Yazoo County, Mississippi ("Pickens")from Standard
Energy Holdings LLC, an entity under common control. The consideration granted by the Company in exchange for the Working Interests
consisted of ten million (10,000,000) shares of restricted common stock.  The Company has properly recorded its Working Interest
with the County Recorder in Yazoo County, Mississippi.



About the Pickens Field



The first oil field discovered in Mississippi,
the Tinsley field, is located 27 miles to the southwest of the Pickens Field. The Pickens Field was discovered six months later.



The Pickens Field is located about 35 miles
north of Jackson, Mississippi, in Madison and Yazoo Counties. The field was discovered by Kingwood Oil Company in March of 1940
with the drilling of the R. E. Wilburn No.1, which is located in Section 31 of T12N-R3E, Yazoo County. The R.E. Wilburn was completed
open hole in the Eutaw Wilburn sand at a depth of 4878-4889 feet, and initially tested 1013 barrels per day of 40 gravity oil and
eventually produced 356,489 barrels of oil over its life time.



Pickens Field was discovered six months after
the discovery of the Tinsley Field in western Yazoo County, and was the fourth field discovered in Mississippi. Pickens Field has
produced 20,441,487 barrels of oil from the Eutaw Wilburn sand, approximately 2,000,000 barrels of oil from the Selma Chalk, and
approximately 100,000 barrels of oil from the Tuscaloosa and Lower Cretaceous.





The Pickens Field is a ten-mile long northwest-southeast
trending fault line trap with up-thrown fault blocks and structural closer. The Selma Chalk and the Tuscaloosa reservoirs are also
associated with the same type of trapping mechanisms. Pickens is located near the western end of the Pickens-Gilbertown fault system,
which begins west of the Pickens Field, and extends to the southeast through the producing oil regions of Scott, Jasper, and Clarke
counties Mississippi, and ending at the Gilbertown Field in Choctaw County, Alabama. This fault system is also located at the northern
end of the Mississippi Interior Salt Basin, and has had many oil fields discovered along its trend.



The first oil field discovered in Mississippi,
the Tinsley field, is located 27 miles to the southwest of the Pickens Field. Other producing oil fields in the region are the
Bentonia and Flora oil fields, which are 21 miles to the southwest. It is believed that an upward movement in the Louann Salt caused
a northwest-southeast trending salt ridge, creating an overlying high relief Smackover structure and severe faulting in the shallow
reservoirs of the Eutaw and other Cretaceous reservoirs. The high-grade crude oil that has charged the shallower horizons, most
likely migrated up the faults from the Smackover structure below.



The Selma Chalk Formation.The Texas
Oil Company discovered oil in the Selma Chalk formation in March of 1963 with the completion of the Eliza Thomas No.1. This well
is located in the SE quarter of Section 29 of T12N-R3E, Yazoo County. The Chalk is a light gray carbonate rock, which is

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approximately
900 feet thick in the Pickens area. The Chalk is more sandy and permeable in the northwest portion of the field and less permeable
in the southeast portion of the field. Up until 1963 the oil produced at the Pickens Field came from the Eutaw. Over the years
as Eutaw wells were being drilled, it became common knowledge in the local oil industry as well as drilling contractors that a
loss of circulation would sometimes occur when drilling through the Chalk. Also, oil would occasionally appear on the mud pits
as drilling mud was circulated back to the surface after drilling through the Chalk section.



The Eliza Thomas No.1 was north of the Pickens
Field on a separate fault. The Thomas well was originally drilled to 5,415 feet, and then completed in the Selma Chalk in the interval
from 4434 to 4454. After acidizing, the well flowed 309 BOPD and no water, with 175 pounds of flowing tubing pressure. The Chalk
oil was 37 gravity, similar to the Eutaw. Sidewall cores taken in the Chalk had a slight oil show, which probably led Texaco to
complete in the interval.



The John McGowan Company and Clement & Stover
subsequently drilled other Chalk wells after the successful completion of the Thomas well. These operators would typically run
a Drill Stem Test to see if the Chalk would show oil. This was a fairly successful technique, but was not always an indication
of whether a well would be productive or not. McGowan and Clement & Stover, however, completed the more successful wells in
the field such as the Varnado, the Livingston and the Bridgforth. Out of the 27 Chalk wells completed at the Pickens Field, the
average cumulative production was 65,734 BO. However, the better producers in the field were the H. R. Varnado No. 1, the No. 2
Board of Supervisors, the Stewart Bridgforth No. 2, and the Livingston No. 1. These four wells averaged 263,000 BO per well. Drilling
in the more permeable part of the field along with cutting the fault at the optimum depth most likely led to the higher recovery.



The No. 2 Board of Supervisors was drilled
by Clement & Stover and is located in Section 16 of T12N-2E of Yazoo County. This well was completed in the Chalk open-hole
and no log was run. The initial test was 64 BO and 8 BW per day, and produced 287,482 BO cumulatively. This well steadily produced
an average of 4472 barrels of oil per month (149 per day) for the first four years before it began to decline. The Clement-Stover/Stewart
Bridgforth No. 2 flowed 168 BO and 48 BW per day on the initial test, and produced a total of 213,500 BO. The McGowan/H. R. Varnado
No.1 tested 156 BO per day, and produced a total of 440,000 BO cumulatively. The Clement-Stover/Livingston No.1 tested 112 BO
and 128 BW per day, and produced a total of 110,000 BO.



In March of 1996, G&S Oil Company
re-entered the Palmer Petroleum/Bridgforth No.1, and completed in the Selma Chalk from 4180 to 4230. The well flowed 380 BOPD
with no water and 225 pounds of tubing pressure. Cumulative oil production is 49,496 barrels. A fault cut the Chalk in the top
150 feet of the section. The pay section shows no SP response and resistivity of 7 ohms. This well did not flow oil until it was
acidized with Hydrochloric acid. After reviewing various Selma Chalk completions in the Pickens Field, it seems that the wells
that cut a fault in the top 100 feet of the Chalk section performed better than the ones that did not. Acidizing (HCL) after perforating
is also important for a successful completion.



We believe that there is potential remaining
in the Selma Chalk at the Pickens Field. New locations should be drilled directly on the down-thrown side of the main faults allowing
a fault cut in the top 100 feet of the Chalk section. In the Northwest portion of the Pickens Field, the chalk is more permeable
and should have a higher than average recovery of oil.



These fields are not yet considered proven
reserves because we do not have a current 2013 Reserve Report.



City of Palacios, Matagorda County, Texas Oil and Gas Leases



On August 7, 2013, the Company entered into
an agreement to acquire two separate working interests (collectively, the “Working Interests”) in certain oil and gas
leases in Matagorda County, Texas. The consideration granted by the Company in exchange for the Working Interests consisted of
one hundred and fifty thousand ($150,000) dollars. Subject to the Primary Terms of the Working Interest leases, the leases shall
be for a term of five (5) years (“Primary Term”), and so long thereafter as oil or



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gas is produced in paying quantities
from said land, or as long as continuous drilling or reworking operations are being conducted on said land. If drilling operations
have not commenced before the second anniversary date from the lease execution date, the lease shall terminate unless the Company
pays to the City of Palacios and additional sum of $150,000. All succeeding anniversaries will follow in like manner, and upon
like payments, and terms as previously described.



Tract 1



Fifteen
hundred (1531.4569) acres of land, more or less, out of Sections 11, 12, 16, 17, of the Texas Rice Development Company Subdivision
of landsin the J. Smith Survey (A-379), the Lewis Goodwin Survey (A-162),
and the Thomas Dasher Survey (A-146), the D.O. Collinsworth Survey(A-129); being
the same lands described in conveyances from the United States of America to the City of Palacios, Texas, recorded in Volume 179,
Pages 523 to 530, and in Volume 197, Pages 55 to 62, of the Deed of Records of Matagorda County, Texas, to which instruments reference
is hereby had and made for all purposes, and also being known as the Municipal Airport of the City of Palacios all in Matagroda
County, Texas.



Tract 2



Being 241.8 acres of land, more or less, out of Fractional
Section 1, Section 2, and Fractional Section 3 of the Texas Rice Development Subdivision of Thomas Dasher Survey, Abstract 146,
and the Lewis Goodwin Survey Abstract 162, both being in Matagorda County, Texas.



The acreage comprising Tract 2 is divided as follows:



|City Streets |  |  | 201 acres | 
|------------ |  |  | --------- | 
|Alleys       |  |  | 26 acres  | 
|             |  |  |           | 
|Dump Grounds |  |  | 10 acres  | 
|Sewer Plant  |  |  | 5.8 acres | 



No drilling, reworking or other operations may be
conducted on the surface of Tract 2 without the City of Palacios’ express written permission. The Company may utilize the
subsurface of Tract 2 without the City of Palacios’ express written permission. The Company may utilize the subsurface of
land comprising Tract 2 for horizontal or directional drilling, so long as the well bore is not less than 1,500 feet below the
surface of any lands comprising Tract 2.



Market



Generally. The oil and gas industry is
highly susceptible to extreme fluctuations in energy-related commodity prices, which in turn has a corresponding effect on the
level of drilling and exploration activity and the costs associated therewith. Such volatility is also represented in the trends,
however disparate, of supplies, demand, and price movements of crude oil and natural gas.



Crude Oil. In general, 2013 was a strong
year for oil companies, with increasing crude prices and concomitantly higher revenues. Price appreciation was driven by geopolitical
turmoil, supply shocks such as the Deepwater Horizon spill in the Gulf of Mexico, and reduced output from natural production declines
in existing oil fields. While U.S. domestic oil consumption has decreased, international demand has remained relatively strong
and, combined with rising tensions in the Middle East affecting perceptions of regional supply disruptions, prices are not expected
to materially decrease for the remainder of 2014.



Natural Gas. Unlike crude oil, the natural
gas market has suffered from a glut of excess production and protracted price declines. Technological advancements have enabled
progressively fewer producers to employ horizontal drilling and hydraulic fracturing methods at significantly lower costs than
previous techniques, and yet production yields per well have increased dramatically. In addition, these

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increased yields have resulted
in greater quantities of higher value natural gas byproducts, particularly in respect to liquid hydrocarbons extracted from shale
formations (ethane, propane, and butane, among others). Consequently, assessments of the economic feasibility of gas wells have
increasingly relied on the presence of these byproducts to achieve desired returns on drilling and exploration costs. Even in these
wells, however, natural gas remains the dominant element and an overabundance of supplies has resulted in a 10-year low in the
spot price of natural gas as of the end of March 2014, and the outlook for the remainder of the year does not suggest that any
significant price appreciation is imminent. Increased government regulation and requirements associated with natural gas development
(specifically hydraulic fracturing) remains a constant concern affecting pricing and industry forecasts.



Regulation



Federal and state regulations control various
aspects of drilling and operating oil and gas wells, including care of the environment, the safety of workers and the public, and
the relations with the owners and occupiers of surface lands within or near the leasehold acreage. The effect of these regulations
is, invariably, to increase the cost of operations. The costs of compliance with state regulations include a permit for drilling
a well before beginning a project. Other compliance matters have to do with keeping the property free of oil spills and the plugging
of non-productive wells.



Oil and gas exploration, drilling, and production
activities are also subject to private property rights. Owners of real property also own the rights to the minerals underneath
the surface, unless such mineral rights have been retained, sold or transferred by a previous landowner. Oil and gas rights held
by

the United States government are managed by the Bureau of Land Management
in conjunction with the U.S. Forest Service pursuant to a variety of federal statutes.



Environmental impacts of oil and gas production
include produced water and drilling waste. Wastes that cannot be reused or recycled must be stored or disposed of in some manner,
increasing the land area affected by oil and gas extraction and raising concerns over potential leaking of drilling fluids and
other wastes from storage sites. Some petroleum industry operations have been responsible for water pollution through by-products
of refining and oil spills. The combustion of fossil fuels produces greenhouse gases and other air pollutants as byproducts. Pollutants
include nitrogen oxides, sulphur dioxide, volatile organic compounds and heavy metals.



Employees



As of December 31, 2013, we had 4 employees
and 4 part-time contractors, although we intend to hire additional personnel to pursue our new business as an oil and gas exploration
and development company. Although national unemployment rates remain high relative to historical averages, there exists a significant
amount of competition for skilled personnel in the oil and gas services industry. Nevertheless, we expect to be able to attract
and retain such additional employees as are necessary, commensurate with the anticipated future expansion of our business. Further,
we expect to continue to use consultants, contract labor, attorneys and accountants as necessary.



ITEM 1A. RISK FACTORS



Since we are a smaller reporting company, we
are not required to supply the information required by this Item 1A.



ITEM 1B. UNRESOLVED STAFF COMMENTS.



None.



Table of Contents8







ITEM 2. PROPERTIES.



Until March 2012, we occupied approximately
2,500 square feet of office space located at 11650 South State Street, Suite 240, Draper, Utah 84020. Following the change of our
business in March 2012, our offices were ultimately relocated to San Antonio, Texas. During 2013, we incurred $10,701 in rental
expense related to our corporate offices. Our offices in Austin Texas include 1,858 square feet of office space located at 515
Congress Avenue, Suite 2060, Austin, TX 78701.



We do not own any real property.



ITEM 3. LEGAL PROCEEDINGS



None.



ITEM 4. MINE SAFETY DISCLOSURES.



Not Applicable.



PART II



ITEM 5: MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.



(a) Market for Common Equity
and Related Stockholder Matters.



(1) Market Information.



The Company’s Common Stock is listed on
the Pink Sheets quotation system (“Pink Sheets”) under the symbol “STSC.” The Company’s stock has
been publicly traded since March, 2007. The following table sets forth, for the periods indicated, the high and low closing sales
prices as quoted on the Pink Sheets, of shares of the Company’s Common Stock during the calendar year ended December 31,
2013:



|                    |  | High |      | Low
|------------------- |  | ---- | ---- | ---
|Fourth Quarter 2013 |  | $    | 0.68 |    
|Third Quarter 2013  |  | $    | 2.00 |    
|Second Quarter 2013 |  | $    | 0.55 |    
|First Quarter 2013  |  | $    | 0.30 |    



The following table sets forth, for the periods
indicated, the high and low closing sales prices as quoted on the Pink Sheets, of shares of the Company’s common stock during
the calendar year ended December 31, 2012:



|                    |  | High |       | Low
|------------------- |  | ---- | ----- | ---
|Fourth Quarter 2012 |  | $    | 0.425 |    
|Third Quarter 2012  |  | $    | 0.75  |    
|Second Quarter 2012 |  | $    | 1.01  |    
|First Quarter 2012  |  | $    | 0.60  |    



Table of Contents9







(2) Holders.



As of December 31, 2013, the Company had approximately
279 holders of record of its common stock.



(3) Dividends.



The Company has not paid any cash dividends
on its common stock since inception and does not anticipate paying cash dividends in the foreseeable future. The Company anticipates
that any future earnings will be retained for use in developing and/or expanding the business.



(4) Securities Authorized for Issuance Under
Equity Compensation Plans.



None



(b) Recent Sales of Unregistered
Securities.



On January 29, 2014, the Company issued 500,000
shares of its common stock to J.R. Munoz, and 500,000 shares of its common stock to Mr. Munoz's transferee Paul Ferendell for consulting
services.



On September 25, 2012, the Company entered into
a consulting agreement with TEGA, LLC, a Kentucky-based consulting company.  The Company issued 600,000 shares of its common
stock to TEGA, LLC, 500,000 shares of its common stock to TEGA's transferee Frances Crew, and 100,000 shares of its common stock
to TEGA's transferee Teddy Colley.



On August 31, 2012, in exchange for $100,000,
the Company issued a promissory note in the original principal amount of $100,000 (“Note”) to a lender. The Note matured
on August 30, 2013 and carries an interest rate of 8% per annum payable on a quarterly basis. The Note shall at the maturity date,
be due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable
shares of Common Stock of the Company at a conversion price equal to $0.25 per share of Common Stock. This Note has not been converted
and it is in default.



On August 15, 2012, the Company amended that
certain consulting agreement with JT Arco, LLC a New Jersey-based Corporation. Pursuant to the terms of the Addendum Agreement
the Company issued an additional 500,000 restricted shares of its common stock.



On August 1, 2012, the Company issued 5,000,000
shares of common stock of the Company to an officer of the Company for services pertaining to business development.



On June 27, 2012, the Company entered into a
consulting agreement with Morris Carlo White IV a Texas-based consultant. Pursuant to the terms of the Agreement the Company issued
65,000 restricted shares of its common stock.



On June 12, 2012, the Company entered into a
consulting agreement with JT Arco, LLC a New Jersey-based Corporation. Pursuant to the terms of the Agreement the Company issued
500,000 restricted shares of its common stock.



On May 16, 2012, the Company entered into an
agreement to acquire all of the outstanding shares of Carpathian Energy SRL in exchange for 90,000,000 shares of restricted common
stock of the Company. Carpathian is a Romanian limited liability company engaged in oil & gas exploration and development.
Pursuant to the terms of the agreement, the former owners of Carpathian may rescind the Acquisition and reclaim the shares of Carpathian
in the event that the Company does not invest at least $5 million toward development of Carpathian’s oil and gas assets.
As of December 31, 2013, the conditions of the agreement had not been met. Furthermore as of September 30, 2014 the conditions
of the agreement have not been met.



Table of Contents10







On May 4, 2012, pursuant to the Company’s
2012 Equity Incentive Plan (the "Plan") which Plan is attached as an exhibit to the Company’s Current Report on
Form 8-K filed with the Securities and Exchange Commission on May 9, 2012, the Board approved the grant of 10,500,000 common stock
purchase options to five individuals at a weighted average exercise price of $0.65 per share.



On April 2, 2012, the Company entered into an
agreement to acquire two separate one-fourth (1/4) working interests (collectively, the “Working Interests”) in certain
oil and gas leases covering the Board of Education No. 6 Well located in Yazoo County, Mississippi. The consideration granted by
the Company in exchange for the Working Interests consisted of 10,000,000 shares of restricted common stock.



On March 1, 2012, the Company accepted the subscription
of an investor for $300,000 in exchange for 1,200,000 shares of restricted common stock.



On February 29, 2012, in exchange for $100,000,
the Company issued 200,000 shares of restricted common stock and a promissory note in the original principal amount of $100,000
(“Note”) to an investor. The Note matures on August 27, 2012 and carries a fixed interest payment at maturity of $25,000.



Exemption From Registration Claimed



All of the sales by the Company of its
unregistered securities were made by the Company in reliance upon Section 4(2) of the Securities Act of 1933, as amended (the “1933
Act”). All of the individuals and/or entities listed above that purchased the unregistered securities were all known to the
Company and its management, through pre-existing business relationships. All purchasers were provided access to all material information,
which they requested, and all information necessary to verify such information and were afforded access to management of the Company
in connection with their purchases. All purchasers of the unregistered securities acquired such securities for investment and not
with a view toward distribution, acknowledging such intent to the Company. All certificates or agreements representing such securities
that were issued contained restrictive legends, prohibiting further transfer of the certificates or agreements representing such
securities, without such securities either being first registered or otherwise exempt from registration in any further resale or
disposition.



Penny Stock Rules



Due to the price of our common stock, as well
as the fact that we are not listed on a national securities exchange, our stock is characterized as “penny stocks”
under applicable securities regulations. Our stock will therefore be subject to rules adopted by the SEC regulating broker-dealer
practices in connection with transactions in penny stocks. The broker or dealer proposing to effect a transaction in a penny stock
must furnish his customer a document containing information prescribed by the SEC and obtain from the customer an executed acknowledgment
of receipt of that document. The broker or dealer must also provide the customer with pricing information regarding the security
prior to the transaction and with the written confirmation of the transaction. The broker or dealer must also disclose the aggregate
amount of any compensation received or receivable by him in connection with such transaction prior to consummating the transaction
and with the written confirmation of the trade. The broker or dealer must also send an account statement to each customer for which
he has executed a transaction in a penny stock each month in which such security is held for the customer's account. The existence
of these rules may have an effect on the price of our stock, and the willingness of certain brokers to effect transactions in our
stock.



Dividend Policy



We have never declared or paid dividends on
our common stock. Payment of future dividends, if any, will be at the discretion of our Board of Directors after taking into account
various factors, including the terms of any credit arrangements, our financial condition, operating results, current and anticipated
cash needs and plans for expansion. At the present time, we are not party to any agreement that would limit our ability to pay
dividends.



Table of Contents11







ITEM 6. SELECTED FINANCIAL DATA



As a smaller reporting company we are not required
to provide this information



ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS



You should read the following discussion of
the company’s financial condition and results of operations in conjunction with the audited financial statements and related
notes included in this registration statement. This discussion may contain forward-looking statements, including, without limitation,
statements regarding our expectations, beliefs, intentions, or future strategies that are signified by the words “expects,”
“anticipates,” “intends,” “believes,” or similar language. Actual results could differ materially
from those projected in the forward looking statements. You should carefully consider the information set forth above under Item
1 of this Part I under the caption “Risk Factors” in addition to the other information set forth in this registration
statement. We caution you that Secure Netwerks’ business and financial performance is subject to substantial risks and uncertainties.



Overview



Prior to April 2012, we
were a reseller of technology-related hardware and software, including laptops, desktops, networking devices, telecommunication
systems and networks, servers and software. In April, 2012 in connection with the acquisition of two separate one-fourth (1/4)
working interests in certain oil and gas leases located in Yazoo County, Mississippi, our principal business became the exploration,
development, and production of oil and gas interests.



On May 16, 2012, the Company entered into an
agreement to acquire all of the outstanding shares of Carpathian Energy SRL (hereafter, “Carpathian”), in exchange
for 90,000,000 shares of restricted common stock of the Company (such transaction is hereafter referred to as the “Acquisition”).
Carpathian is a Romanian limited liability company engaged in oil & gas exploration and development. Pursuant to the terms
of agreement entered into in connection with the Acquisition, the former owners of Carpathian may rescind the Acquisition and reclaim
the shares of Carpathian in the event that the Company does not invest at least $5 million toward development of Carpathian’s
oil and gas assets.



Results of Operations



Following is our discussion of the relevant
items affecting results of operations for the years ended December 31, 2013 and 2012.



Revenues.The Company generated net revenues
of $-0- for both the years ended December 31, 2013 and 2012. The lack of revenues is mainly the result of the change in our business
model from a reseller of computer hardware and software to an oil and gas exploration and development company.



Cost of Sales. Cost of sales for both
the years ended December 31, 2013 and 2012 was $-0-. This is a result of zero sales and the change in our business model as discussed
above.





Salaries and Consulting Expenses.For
the years ended December 31, 2013 and 2012, salaries and consulting expenses consisted of salaries and benefits and outside consulting
expenses. Salaries and consulting expenses for the year ended December 31, 2013 were $1,365,188 compared to $5,082,739 during the
year ended December 31, 2012. The decrease is mainly the result of stock based compensation during 2012 in the amount of $4,688,426.
We expect that salaries and consulting expenses will increase commensurate with the expansion of the Company’s business as
an oil and gas exploration, development, and production firm.



Professional Fees.Professional fees
for the year ended December 31, 2013 were $201,478, compared to $166,116 during the year ended December 31, 2012. The change of
our business to an oil and gas exploration, development, and production company has resulted in an increase in professional fees.



Table of Contents12







Selling, General and Administrative Expenses.
For the years ended December 31, 2013 and 2012, selling, general and administrative expenses were comprised of advertising; bad
debts; occupancy and office expenses; equipment leases; travel and other miscellaneous administrative expenses. Selling, general
and administrative expenses for the year ended December 31, 2013 were $8,107 compared to $34,872 during the year ended December
31, 2012. We expect that selling, general, and administrative expenses will continue to increase in the future in connection with
the expansion of the Company’s business.



Other Income (Expense). We incurred net
other expenses of $73,553 for the year ended December 31, 2013 compared to net other expense of $127,381 during the year ended
December 31, 2012. Other expenses incurred during 2013 and 2012 were comprised primarily of interest expenses related to credit
cards as well as promissory notes issued by the Company.



Off-Balance Sheet Arrangements



The Company has no off-balance sheet arrangements.



Personnel



We presently have four employees and four other
project-based contract personnel that we utilize to carry out our business. We utilize contract personnel on a continuous basis,
primarily in connection with our reporting obligations under the Securities Exchange Act of 1934. We expect to hire more full-time
employees in the future. Although competition for personnel in the oil and gas industry is intense, we don’t believe we will
have significant difficulty retaining additional employees or contract personnel in the future.



Liquidity and Capital Resources



Since inception, the Company has financed its
operations through a series of loans, credit accounts with hardware vendors, and the use of Company credit to procure goods and
services. As of

December 31, 2013, our primary source of liquidity consisted of
$8,799 in cash and cash equivalents. We expect to secure additional debt or equity capital to finance substantial business development
initiatives or acquire additional oil and gas interests.



ITEM 7A. QUANTITATIVE AND
QUALITATIVE DISCLOSURES ABOUT MARKET RISK



As a smaller reporting company we are not required
to provide this information.

Table of Contents13





ITEM 8. FINANCIAL STATEMENTS
AND SUPPLEMENTARY DATA



CONTENTS



|Report of Independent Registered Public Accounting Firm | 15
|------------------------------------------------------- | --
|Balance Sheets                                          | 16
|Statements of Operations                                | 17
|Statements of Stockholders’ Deficit                     | 18
|Statements of Cash Flows                                | 19
|Notes to the Financial Statements                       | 20







































































Table of Contents14









PRITCHETT, SILER & HARDY, P.C.

CERTIFIED PUBLIC ACCOUNTANTS

A PROFESSIONAL CORPORATION

515 SOUTH 400 EAST, SUITE 100

SALT LAKE CITY, UTAH 84111

_______________

(801) 328-2727 FAX (801) 328-1123








REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors and Stockholders

Start Scientific, Inc. (formerly Secure Netwerks, Inc.)

San Antonio, TX



We have audited the accompanying balance
sheets of Start Scientific, Inc. (formerly Secure Netwerks, Inc.) as of December 31, 2013 and 2012 and the related statements of
operations, stockholders’ deficit and cash flows for the years then ended. These financial statements are the responsibility
of the Company’s management.  Our responsibility is to express an opinion on these financial statements based on our
audits.



We conducted our audits in accordance
with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.
 Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s
internal control over financial reporting.  Accordingly, we express no such opinion. An audit also includes examining, on
a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles
used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We
believe that our audits provide a reasonable basis for our opinion.



In our opinion, the financial statements
referred to above present fairly, in all material respects, the financial position of Start Scientific, Inc. (formerly Secure Netwerks,
Inc.) as of December 31, 2013 and 2012 and the results of its operations and its cash flows for the years then ended in conformity
with accounting principles generally accepted in the United States of America.



The accompanying financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 10 to the financial statements
the Company has negative working capital, negative cash flows from operations, and recurring operating losses which raises substantial
doubt about the Company’s ability to continue as a going concern. Management’s plan regarding these matters is also
described in Note 10 to the financial statements. The financial statements do not include any adjustments that might result from
the outcome of this uncertainty.



/s/ Pritchett, Siler & Hardy, P.C.





Pritchett, Siler & Hardy, P.C.

Salt Lake City, Utah

October 8, 2014









Table of Contents15









|START SCIENTIFIC, INC.                                                   
|-------------------------------------------------------------------------
|(An Exploration Stage Company)                                           
|(formerly Secure Netwerks, Inc.)                                         
|Balance Sheets                                                           
|                                                                         
|                                                                         
|ASSETS                                                                   
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|CURRENT ASSETS                                                           
|                                                                         
|Cash and cash equivalents                                                
|                                                                         
|Total Current Assets                                                     
|                                                                         
|TOTAL ASSETS                                                             
|                                                                         
|LIABILITIES AND STOCKHOLDERS' DEFICIT                                    
|                                                                         
|CURRENT LIABILITIES                                                      
|                                                                         
|Accounts payable                                                         
|Accrued expenses                                                         
|Accounts payable and accrued liabilities - related parties               
|Accrued interest - related parties                                       
|Notes payable                                                            
|Notes payable - related parties                                          
|                                                                         
|Total Current Liabilities                                                
|                                                                         
|TOTAL LIABILITIES                                                        
|                                                                         
|STOCKHOLDERS' DEFICIT                                                    
|                                                                         
|Preferred stock, $0.0001 par value; 100 shares authorized,               
|100 and -0- issued and outstanding, respectively                         
|Common stock, $0.0001 par value; 500,000,000 shares authorized,          
|109,165,000 shares issued and outstanding                                
|Additional paid-in-capital                                               
|Deficit accumulated during exploration stage                             
|Accumulated deficit                                                      
|                                                                         
|Total Stockholders' Deficit                                              
|                                                                         
|TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                              
|                                                                         
|The accompanying notes are an integral part of these financial statements







Table of Contents16









|START SCIENTIFIC, INC.                                                   
|-------------------------------------------------------------------------
|(An Exploration Stage Company)                                           
|(formerly Secure Netwerks, Inc.)                                         
|Statements of Operations                                                 
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|NET REVENUES                                                             
|                                                                         
|OPERATING EXPENSES                                                       
|                                                                         
|Salaries and consulting                                                  
|Professional fees                                                        
|Development costs                                                        
|Selling, general and administrative                                      
|                                                                         
|Total Operating Expenses                                                 
|                                                                         
|LOSS FROM OPERATIONS                                                     
|                                                                         
|OTHER INCOME (EXPENSES)                                                  
|                                                                         
|Interest expense                                                         
|                                                                         
|Total Other Income (Expenses)                                            
|                                                                         
|LOSS BEFORE INCOME TAXES                                                 
|                                                                         
|INCOME TAX EXPENSE                                                       
|                                                                         
|NET LOSS                                                                 
|                                                                         
|BASIC AND DILUTED:                                                       
|Net loss per common share                                                
|                                                                         
|Weighted average shares outstanding                                      
|                                                                         
|The accompanying notes are an integral part of these financial statements





















Table of Contents17









|START SCIENTIFIC, INC.                                                   
|-------------------------------------------------------------------------
|(An Exploration Stage Company)                                           
|(formerly Secure Netwerks, Inc.)                                         
|Statements of Stockholders' Deficit                                      
|For the Period January 1, 2012 through December 31, 2013                 
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|Balance, January 1, 2012                                                 
|                                                                         
|Common stock issued for cash                                             
|                                                                         
|Common stock issued for note payable                                     
|                                                                         
|Common stock issued for services                                         
|                                                                         
|Common stock issued for assets                                           
|                                                                         
|Stock options issued                                                     
|                                                                         
|Net loss for the year ended                                              
|December 31, 2012                                                        
|                                                                         
|Balance, December 31, 2012 (Restated - Note 13)                          
|                                                                         
|Stock options issued                                                     
|                                                                         
|Net loss for the year ended                                              
|December 31, 2013                                                        
|                                                                         
|Balance, December 31, 2013                                               
|                                                                         
|The accompanying notes are an integral part of these financial statements





















































Table of Contents18









|START SCIENTIFIC, INC.                                                   
|-------------------------------------------------------------------------
|(An Exploration Stage Company)                                           
|(formerly Secure Netwerks, Inc.)                                         
|Statements of Cash Flows                                                 
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|                                                                         
|CASH FLOWS FROM OPERATING ACTIVITIES:                                    
|                                                                         
|Net loss                                                                 
|Adjustments to reconcile net loss to net                                 
|cash used by operating activities:                                       
|Bad debt expense                                                         
|Stock based compensation                                                 
|Debt issue costs                                                         
|Amortization of debt discount                                            
|Changes in operating assets and liabilities:                             
|Accounts receivable                                                      
|Inventory                                                                
|Prepaid expenses                                                         
|Loans receivable                                                         
|Accounts payable and accrued liabilities - related parties               
|Accounts payable and accrued expenses                                    
|                                                                         
|Net Cash Provided (Used) by Operating Activities                         
|                                                                         
|CASH FLOWS FROM INVESTING ACTIVITIES:                                    
|                                                                         
|CASH FLOWS FROM FINANCING ACTIVITIES:                                    
|                                                                         
|Proceeds from sales of common stock                                      
|Proceeds from notes payable                                              
|Proceeds from notes payable - related parties                            
|Payments on notes payable                                                
|Payments on notes payable - related parties                              
|                                                                         
|Net Cash Provided by Financing Activities                                
|                                                                         
|NET INCREASE (DECREASE) IN CASH                                          
|AND CASH EQUIVALENTS                                                     
|                                                                         
|CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                           
|                                                                         
|CASH AND CASH EQUIVALENTS, END OF PERIOD                                 
|                                                                         
|SUPPLEMENTAL CASH FLOW INFORMATION                                       
|                                                                         
|Cash Payments For:                                                       
|Interest                                                                 
|Income taxes                                                             
|                                                                         
|Non-cash financing activity:                                             
|Preferred stock issued for conversion of debt                            
|Common stock issued for services                                         
|                                                                         
|The accompanying notes are an integral part of these financial statements





Table of Contents19









START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012





NOTE 1.    ORGANIZATION AND DESCRIPTION OF
BUSINESS



Start Scientific, Inc. (the Company)
was formed in the state of Utah on February 4, 2004, with authorized common stock of 10,000,000 shares. The Company was subsequently
reincorporated in the State of Delaware on February 14, 2006 with authorized common stock of 500,000,000 shares and authorized
preferred stock of 100 shares. Both classes of stock have a par value of $0.0001 per share.



Prior to March 2012, we were a computer
and technology hardware reseller to businesses and other organizations. Most of our clients were small and medium sized organizations,
although we attempted to market our products and services to larger organizations. We also outsourced technology-related services
to provide a full solution basket of technology products and services including hardware, software, network development and services.
Our clients consisted of some retail purchasers and small to medium-sized organizations, operating mostly in North America, but
we did have occasional clients in Europe. Due to our recent acquisition of oil and gas interests, our future business is expected
to be based on the exploration, development, drilling, and production of various oil and gas properties. In particular, we intend
to look for oil and gas opportunities in international markets. Whether in respect to the development of oil and gas interests
in North America or overseas, we expect to align with industry partners in respect of the drilling and operation of these wells.
Our long-term focus is to grow and develop existing oil and gas leasehold interests and acquire new interests within and without
the continental United States. In addition, we intend to acquire interests in older wells that, with the application of newer technologies,
may increase production and reserves.



NOTE 2.   
SIGNIFICANT ACCOUNTING POLICIES



This summary of significant accounting
policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements
and notes are representations of the Company’s management who are responsible for their integrity and objectivity. These
accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently
applied in the preparation of the financial statements. The following policies are considered to be significant:



a. Accounting
Method



The Company recognizes income and
expenses based on the accrual method of accounting. The Company has elected a calendar year-end.



b. Cash and Cash
Equivalents



Cash equivalents are generally comprised
of certain highly liquid investments with original maturities of less than three months.



c. Use of Estimates
in the Preparation of Financial Statements



The preparation of financial statements
in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues
and expenses during the reporting period. Actual results could differ from those estimates.

Table of Contents20









START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012





NOTE 2.
   SIGNIFICANT ACCOUNTING POLICIES (Continued)



d. Basic and Fully
Diluted Net Loss per Share of Common Stock



In accordance with Financial Accounting
Standards No. ASC 260, “Earnings per Share,” basic net loss per common share is based on the weighted average number
of shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of
common shares plus dilutive common share equivalents outstanding during the period. There are no common stock equivalents as of
December 31, 2012 and 2011.



|                                                  |  | December 31,
|------------------------------------------------- |  | ------------
|                                                  |  | 2013        
|Net loss (numerator)                              |  | $           
|Weighted average shares outstanding (denominator) |  |             
|Basic and fully diluted net loss per share amount |  | $           



e. Accounts Receivable



Accounts receivable are recorded
net of the allowance for doubtful accounts. The Company generally offers 15-day credit terms on sales to its customers and requires
no collateral. The Company maintains an allowance for doubtful accounts which is determined based on a number of factors, including
each customer’s financial condition, general economic trends and management judgment. The Company had $-0- in accounts receivable
at December 31, 2013 and 2012.



e. Inventories



Inventories are stated at the lower
of average cost or market value. When there is evidence that the inventories value is less than original cost, the inventory is
reduced to market value. The Company had $-0- in inventory at December 31, 2013 and 2012.



g. Property and Equipment



Property and equipment are stated
at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives
of the assets. When assets are disposed of, the cost and accumulated depreciation (net book value of the assets) are eliminated
and any resultant gain or loss reflected accordingly. Betterments and improvements are capitalized over their estimated useful
lives whereas repairs and maintenance expenditures on the assets are charged to expense as incurred.



h. Revenue Recognition



Revenue is recognized upon completion
of services or delivery of goods where the sales price is fixed or determinable and collectibility is reasonably assured. Advance
customer payments are recorded as deferred revenue until such time as they are recognized. The Company does not offer any cash
rebates. Returns or discounts, if any, are netted against gross revenues.



Table of Contents21









START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012





NOTE 2.    SIGNIFICANT
ACCOUNTING POLICIES (Continued)



i. Recent Accounting Pronouncements



We have reviewed accounting pronouncements
issued during the past two years and have adopted any that are applicable to the Company. We have determined that none had a material
impact on our financial position, results of operations, or cash flows for the years ended December 31, 2013 and 2012.



j. Income Taxes



The Financial Accounting Standards
Board (FASB) has issued FASB ASC 740-10 (Prior authoritative literature: Financial Interpretation No. 48, "Accounting for
Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109 (FIN 48)).  FASB ASC 740-10 clarifies the accounting
for uncertainty in income taxes recognized in an enterprise's financial statements in accordance with prior literature FASB Statement
No. 109, Accounting for Income Taxes.  This standard requires a company to determine whether it is more likely than not that
a tax position will be sustained will be sustained upon examination based upon the technical merits of the position.  If the
more-likely-than- not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial
statements.  As a result of the implementation of this standard, the Company performed a review of its material tax positions
in accordance with recognition and measurement standards established by FASB ASC 740-10.



Deferred taxes are provided on a
liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit
carryforwards and deferred tax liabilities are recognized for taxable temporary differences.  Temporary differences are the
differences between the reported amounts of assets and liabilities and their tax basis.  Deferred tax assets are reduced by
a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax
assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and
rates on the date of enactment.



At December 31, 2013, the Company
had net operating loss carryforwards of approximately $5,018,500 which may be offset against future taxable income through 2033.
No tax benefit has been reported in the financial statements because the potential tax benefits of the net operating loss carryforwards
are offset by a valuation allowance of the same amount.



Due to the change in ownership provisions
of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual
limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to future use.

Table of Contents22







START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012



NOTE 2.
   SIGNIFICANT ACCOUNTING POLICIES (Continued)



Net deferred tax assets consist
of the following components as of December 31, 2013 and 2012:



|                       |  | 2013 |            | 2012
|---------------------- |  | ---- | ---------- | ----
|Deferred tax assets:   |  |      |            |     
|NOL Carryover          |  | $    | 1,957,000  |     
|Valuation allowance    |  |      | (1,957,000 | )   
|Net deferred tax asset |  | $    | —          |     



The income tax provision differs
from the amount of income tax determined by applying the U.S. federal and state income tax rates of 34% to pretax income from continuing
operations for the years ended December 31, 2013 and 2012 due to the following:



|                                        |  | 2013 |          | 2012
|--------------------------------------- |  | ---- | -------- | ----
|Federal tax benefit at 34%              |  | $    | (561,000 | )   
|Non-deductible stock-based compensation |  |      | 411,000  |     
|State tax benefit                       |  |      | (82,000  | )   
|Change in Valuation allowance           |  |      | 232,000  |     
|                                        |  | $    | —        |     



A reconciliation of the beginning
and ending amount of unrecognized tax benefits is as follows:



|                                                         |  |   | Year ended December 31,
|-------------------------------------------------------- |  | - | -----------------------
|                                                         |  |   | 2013                   
|Beginning balance                                        |  | $ | —                      
|Additions based on tax positions related to current year |  |   | —                      
|Additions for tax positions of prior years               |  |   | —                      
|Reductions for tax positions of prior years              |  |   | —                      
|Reductions in benefit due to income tax expense          |  |   | —                      
|Ending balance                                           |  | $ | —                      



At December 31, 2013, the Company
had no unrecognized tax benefits that, if recognized, would affect the effective tax rate.



The Company did not have any
tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase
or decrease within the next 12 months.



The Company includes interest
and penalties arising from the underpayment of income taxes in the consolidated statements of operations in the provision for income
taxes.  As of December 31, 2013 and 2012, the Company had no accrued interest or penalties related to uncertain tax positions.



The tax years that remain subject
to examination by major taxing jurisdictions are those for the years ended December 31, 2013, 2012 and 2011, and since inception.



Table of Contents23







START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012



NOTE 2.
   SIGNIFICANT ACCOUNTING POLICIES (Continued)



k. Concentrations of Credit Risk



Financial instruments that potentially
subject the Company to concentrations of credit risks consist of cash and cash equivalents. The Company places cash and cash equivalents
at well known quality financial institutions. Cash and cash equivalents at banks are insured by the Federal Deposit Insurance Corporation
for up to $250,000. The Company did not have any cash or cash equivalents in excess of this amount at December 31, 2013 and 2012.



NOTE 3.
   WORKING INTEREST IN OIL LEASES



On August 7, 2013, the Company
entered into an agreement to acquire two separate working interests in certain oil and gas leases in Matagorda County, Texas.
The consideration granted by the Company in exchange for the Working Interests consisted of one hundred and fifty thousand ($150,000)
dollars which had not been paid by the Company as of December 31, 2013. Subject to the Primary Terms of the Working Interest leases,
the leases shall be for a term of five (5) years (“Primary Term”), and so long thereafter as oil or gas is produced
in paying quantities from said land, or as long as continuous drilling or reworking operations are being conducted on said land.
Since consideration has not been given, no significant rework has commenced and, accordingly, no working interest has been recorded.



NOTE 4.
   RELATED PARTY TRANSACTIONS



The Company issued certain promissory
notes to related individuals and/or their companies as disclosed in Note 6. The individuals consist of an officer of the Company
and a director of the Company. The Company received advances of $1,400 and $12,013, respectively; and made payments on these advances
of $-0- during the years ended December 31, 2013 and 2012.





Accounts payable and accrued
liabilities – related parties consisted of the following as of December 31, 2013 and 2012:



|                         |  | 2013 |         | 2012
|------------------------ |  | ---- | ------- | ----
|Accounts payable         |  | $    | 246,757 |     
|Accrued interest         |  |      | 45,003  |     
|Misc. loans and advances |  |      | 90,840  |     
|Total                    |  | $    | 382,600 |     





Table of Contents24







START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012



NOTE 5.    NOTES
PAYABLE

|Notes payable consisted of the following:                                                                       |  | December 31, 2013 |          | December 31, 2012
|--------------------------------------------------------------------------------------------------------------- |  | ----------------- | -------- | -----------------
|Note payable to a company, interest at 24% per annum, due on demand, unsecured                                  |  | $                 | 7,100    |                  
|Notes payable to individuals, interest at 10% per annum, due on demand, unsecured                               |  |                   | 40,760   |                  
|Note payable to an individual, interest at 10% per annum, due on August 27, 2012, unsecured, in default         |  |                   | 100,000  |                  
|Notes payable to an individual, interest at 6% per annum, due on July 13, 2013, unsecured                       |  |                   | 100,000  |                  
|Notes payable to individuals, interest at 8% per annum, due on August 30, 2013 and September 9, 2013, unsecured |  |                   | 300,000  |                  
|Total Notes Payable                                                                                             |  |                   | 547,860  |                  
|Less: Current Portion                                                                                           |  |                   | (547,860 | )                
|Long-Term Notes Payable                                                                                         |  | $                 | —        |                  





Accrued interest at December
31, 2013 and 2012 was $52,267 and $20,231, respectively.











































Table of Contents25





START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012



NOTE 6.    NOTES PAYABLE – RELATED
PARTIES



|Notes payable – related parties consisted of the following:                                |  | December 31, 2013 |         | December 31, 2012
|------------------------------------------------------------------------------------------ |  | ----------------- | ------- | -----------------
|Note payable to a related individual, interest at 24%  per annum, due on demand, unsecured |  | $                 | 60,901  |                  
|Note payable to a related individual, interest at 10%  per annum, due on demand, unsecured |  |                   | 16,578  |                  
|Note payable to a related individual, interest at 10%  per annum, due on demand, unsecured |  |                   | 4,145   |                  
|Note payable to a related individual, interest at 10%  per annum, due on demand, unsecured |  |                   | 16,578  |                  
|Notes payable to a company, due on demand, unsecured                                       |  |                   | 284     |                  
|Total Notes Payable – Related Parties                                                      |  |                   | 98,486  |                  
|Less: Current Portion                                                                      |  |                   | (98,486 | )                
|Long-Term Notes Payable – Related Parties                                                  |  | $                 | —       |                  





Accrued interest at December
31, 2013 and 2012 was $45,003 and $17,272, respectively.



NOTE 7.    EQUITY TRANSACTIONS



On February 14, 2006, the Board
of Directors approved the Company’s amended and restated Articles of Incorporation (Amendment). The Amendment increases the
authorized shares of common stock from 10,000,000 to 100,000,000 shares. The Amendment also provides for a new class of preferred
stock with 10,000,000 shares authorized. The rights and preferences of the preferred stock have yet to be determined. Both common
and preferred stock have a par value of $0.001.



On July 6, 2011, the Company issued
100 shares of Series “A” Preferred Stock in exchange for the forgiveness of $25,000 in debt. The Series A Preferred
Stock carries no dividend, distribution, liquidation, or rights of conversion into common stock, but holds 10,000,000 votes per
share.



On February 29, 2012, in exchange
for $100,000, the Company issued 200,000 shares of restricted common stock and a promissory note in the original principal amount
of $100,000 (“Note”) to an investor. The Note matures on August 27, 2012 and carries a fixed interest payment at maturity
of $25,000. As part of the note issuance, the Company recorded debt issue costs of $50,000 and a discount on the note of $19,048.
These amounts are being amortized over the 6 month term of the note.



On March 1, 2012, the Company accepted
the subscription of an investor for $300,000 in exchange for 1,200,000 shares of restricted common stock.



Table of Contents26











START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012





NOTE 7.    EQUITY TRANSACTIONS
(Continued)



On April 2, 2012, the Company entered
into an agreement to acquire two separate one-fourth (1/4) working interests (collectively, the “Working Interests”)
in certain oil and gas leases covering the Board of Education No. 6 Well located in Yazoo County, Mississippi. The consideration
granted by the Company in exchange for the Working Interests consisted of 10,000,000 shares of restricted common stock. Until the
working interests could be developed and reserve estimates and feasibility studies have been undertaken, the Company’s management
has determined that the value of the working interests is nominal. In addition, since the working interests were acquired with
shares issued to an entity under common control, the assets have been recorded at a nominal historical cost in accordance with
ASC Topic 805-50-05-4.



On May 16, 2012, the Company entered
into an agreement to acquire all of the outstanding shares of Carpathian Energy SRL in exchange for 90,000,000 shares of restricted
common stock of the Company. Carpathian is a Romanian limited liability company engaged in oil and gas exploration and development.
Pursuant to the terms of the agreement, the current owners of Carpathian may rescind the Acquisition and reclaim the shares of
Carpathian in the event that the Company does not invest at least $5 million toward development of Carpathian’s oil and gas
assets within 60 days from the date of the agreement. In addition, since the acquisition is being acquired with shares issued to
an entity under common control, the assets will be recorded at a nominal historical cost in accordance with ASC Topic 805-50-05-4.
As of December 31, 2013 the Company has issued 90,000,000 shares to the current owners of Carpathian but the acquisition has not
closed and the ownership of Carpathian has not yet been transferred to the Company. Thus the issued shares are considered to be
a prepaid deposit with a zero value.



On June 12, 2012, the Company entered
into a consulting agreement with JT Arco, LLC. a New Jersey-based Corporation. Pursuant to the terms of the Agreement the Company
issued 500,000 restricted shares of its common stock.



On June 27, 2012, the Company entered
into a consulting agreement with Morris Carlo White IV a Texas-based consultant. Pursuant to the terms of the Agreement the Company
issued 65,000 restricted shares of its common stock.



On August 1, 2012, the Company issued
5,000,000 shares of common stock of the Company to an officer of the Company for services pertaining to business development.



On August 15, 2012, the Company
amended that certain consulting agreement with JT Arco, LLC, a New Jersey-based Corporation. Pursuant to the terms of the Addendum
Agreement the Company issued an additional 500,000 restricted shares of its common stock.



On September 25, 2012, the Company
entered into a consulting agreement with TEGA, LLC, a Kentucky-based consulting company.  The Company issued 600,000 shares
of its common stock to TEGA, LLC, 500,000 shares of its common stock to TEGA's transferee Frances Crew, and 100,000 shares
of its common stock to TEGA's transferee Teddy Colley.



Subsequent to December 31, 2013,
the Company issued 16,500,000 shares of its common stock for consulting and legal services rendered to the Company.

Table of Contents27











START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012





NOTE 8.   OPTIONS AND WARRANTS



The Company has adopted FASB ASC
718, “Share-Based Payments” (“ASC 718”) to account for its stock options. The Company estimates the fair
value of each stock award at the grant date by using the Black-Scholes option pricing model. The assumptions used to calculate
the fair value of options granted are evaluated and revised, as necessary, to reflect market conditions and our experience. Compensation
expense is recognized only for those options expect to vest, with forfeitures estimated at the date of grant based on our historical
experience and future expectations.

The following table summarizes the
changes in options outstanding issued to employees of the Company:

| |                                   | Number of Shares |  | Weighted
                                                                               Average Exercise
                                                                               Price
| | --------------------------------- | ---------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Outstanding as of January 1, 2012 |                  |  |                                                                                                                                                                                              
| | Granted                           |                  |  |                                                                                                                                                                                              
| | Exercised                         |                  |  |                                                                                                                                                                                              
| | Cancelled                         |                  |  |                                                                                                                                                                                              
| | Outstanding at December 31, 2012  |                  |  |                                                                                                                                                                                              
| | Granted                           |                  |  |                                                                                                                                                                                              
| | Exercised                         |                  |  |                                                                                                                                                                                              
| | Cancelled                         |                  |  |                                                                                                                                                                                              
| | Outstanding at December 31, 2013  |                  |  |                                                                                                                                                                                              



On July 25, 2014, the board of directors
cancelled all of the vested and unvested options that it had granted pursuant to the Company's 2012 Equity Incentive Plan. 
10,500,000 options were granted on May 4, 2012 to certain directors, and cancelled on July 25, 2014.  Each grantee of active
options consented to this cancellation.  As of the date of this report, the company has no outstanding options.  In addition,
no options have ever been exercised by any option holder of the company. However,  shares vested
prior to cancellation remain expensed amounting to $1,054,038 and $1,702,676 in 2013 and 2012, respectively.



NOTE 9.    FINANCIAL INSTRUMENTS



On January 1, 2008, the Company
adopted FASB ASC 820-10-50, “Fair Value Measurements.”  This guidance defines fair value, establishes a
three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures.
 The three levels are defined as follows:



Level 1 inputs
to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.



Table of Contents28





START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012



NOTE 9.    FINANCIAL INSTRUMENTS (Continued)



Level 2 inputs
to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable
for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.



Level 3 inputs
to valuation methodology are unobservable and significant to the fair measurement.



The carrying amounts reported in
the balance sheets for the cash and cash equivalents, receivables and current liabilities each qualify as financial instruments
and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and
their expected realization and their current market rate of interest.



NOTE
10.   GOING CONCERN



The accompanying financial statements
have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and
satisfaction of liabilities in the normal course of business. The Company has a working capital deficit, negative cash flows from
operations and has sustained net losses from inception which have resulted in an accumulated deficit at December 31, 2013 of $7,775,207
and has experienced periodic cash flow difficulties, all of which raise substantial doubt regarding the Company’s ability
to continue as a going concern.



To date the Company has funded its
operations through a combination of loans. The Company anticipates another net loss for the year ended December 31, 2014 and with
the expected cash requirements for the coming year, there is substantial doubt as to the Company’s ability to continue operations.



The Company is attempting to improve
these conditions by way of financial assistance through issuances of additional equity and by generating revenues through sales
of products and services.



NOTE 11.  COMMITMENTS & CONTINGENCIES



The Company had a month to month
lease agreement which was terminated on December 31, 2010. Following the change of our business in March 2012, our offices were
ultimately relocated to San Antonio, Texas. Rent expense was $-0- and $10,701, respectively, for the years ended December 31, 2013
and 2012.



NOTE 12.  SUBSEQUENT EVENTS



Subsequent to December 31, 2013,
the Company issued 16,500,000 shares of its common stock for consulting and legal services rendered to the Company.



On July 25, 2014, the board of directors
cancelled all of the vested and unvested options that it had granted pursuant to the Company's 2012 Equity Incentive Plan. 
10,500,000 options were granted on May 4, 2012 to certain directors, and cancelled on July 25, 2014.  Each grantee of active options consented
to this cancellation.  As of the date of this report, the company has no outstanding options.  In addition, no options
have ever been exercised by any option holder of the company. However,  shares vested prior to
cancellation remain expensed amounting to $1,054,038 and $1,702,676 in 2013 and 2012, respectively.

Table of Contents29







START SCIENTIFIC, INC.

(An Exploration Stage Company)

(formerly Secure Netwerks, Inc.)

Notes to the Financial Statements

December 31, 2013 and 2012



NOTE 12.  SUBSEQUENT EVENTS (Continued)



The Company has evaluated subsequent
events from the balance sheet date through the date the financial statements were issued and has determined that there are no other
events that would have a material impact on the financial statements.



NOTE 13.  RESTATEMENT



Subsequent to the issuance of its
December 31, 2012 10-K and financial statements, the Company discovered errors in its accounting for prepaid assets and working
interests in oil and gas leases, which were acquired with the Company’s common stock. Namely, the assets acquired were valued
at the applicable per share value of the Company’s common stock on the day of issuance rather than using historical cost
as the valuation method for the underlying assets acquired from an entity under common control. Accordingly, Prepaid Assets, Working
Interests In Oil Leases, and Additional Paid-In Capital were restated to reflect these changes as follows:



|                                                 |  | As Originally Stated |             | As Restated |  | Change
|------------------------------------------------ |  | -------------------- | ----------- | ----------- |  | ------
|                                                 |  |                      |             |             |  |       
|Prepaid Assets                                   |  | $                    | 22,645,000  |             |  | $     
|Working Interests in Oil Leases                  |  | $                    | 2,560,000   |             |  | $     
|Total Assets                                     |  | $                    | 25,205,090  |             |  | $     
|Development Expenses                             |  | $                    | 205,000     |             |  | $     
|Net Loss                                         |  | $                    | (5,821,108  | )           |  | $     
|Additional Paid-In Capital                       |  | $                    | 30,052,509  |             |  | $     
|Deficit Accumulated During the Exploration Stage |  | $                    | (5,753,971  | )           |  | $     
|Total Stockholders. Deficit                      |  | $                    | (26,268,455 | )           |  | $     



















Table of Contents30







ITEM 9. CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE



None.



ITEM 9A. CONTROLS AND PROCEDURES



Management’s Report on Disclosure Controls and Procedures



We maintain disclosure controls and procedures
that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act
of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and
Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, to allow for
timely decisions regarding required disclosure.



As of December 31, 2013, the end of our fiscal
year covered by this report, we carried out an evaluation, under the supervision of our Chief Executive Officer and our Chief Financial
Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, we
concluded that our disclosure controls and procedures were ineffective as of the end of the period covered by this annual report.
Our board of directors has five members. We do not have a formal audit committee.



Management’s Report on Internal Control over Financial
Reporting



Our management is responsible for establishing
and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange
Act, as amended). In fulfilling this responsibility, estimates and judgments by management are required to assess the expected
benefits and related costs of control procedures. The objectives of internal control include providing management with reasonable,
but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions
are executed in accordance with management’s authorization and recorded properly to permit the preparation of consolidated
financial statements in conformity with accounting principles generally accepted in the United States. Our management assessed
the effectiveness of our internal control over financial reporting as of December 31, 2013. In making this assessment, our management
used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal
Control-Integrated Framework. Our management has concluded that, as of December 31, 2013, our internal control over financial
reporting is ineffective in providing reasonable assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with US generally accepted accounting principles.



This annual report does not include an attestation
report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s
report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the
Securities and Exchange Commission that permit the Company to provide only management’s report in this annual report.



Inherent limitations on effectiveness of controls



Internal control over financial reporting has
inherent limitations which include but is not limited to the use of independent professionals for advice and guidance, interpretation
of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel factors.
Internal control over financial reporting is a process which involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human
failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis,
however these inherent limitations are known features of the financial reporting process

Table of Contents31







and it is possible to design into the
process safeguards to reduce, though not eliminate, this risk. Therefore, even those systems determined to be effective can provide
only reasonable assurance with respect to financial statement preparation and presentation. Projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.



Changes in Internal Control over Financial Reporting



There have been no significant changes in our
internal controls over financial reporting that occurred during the year ended December 31, 2013 that have materially or are reasonably
likely to materially affect, our internal controls over financial reporting.



ITEM 9B. OTHER INFORMATION



None.



PART III



ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE
GOVERNANCE



Directors and Executive Officers



|Name                   |  | Age |    | Position
|---------------------- |  | --- | -- | --------
|Norris R. Harris (1)   |  |     | 81 |         
|S. Arne D. Greaves (2) |  |     | 51 |         
|Kenneth Denos          |  |     | 45 |         
|Ruben Flores           |  |     | 37 |         



| | (1) | Appointed August 16, 2013.
| | --- | --------------------------

| | (2) | On August 16, 2013, Mr. Greaves resigned as Chief Executive Officer but remains on as a director
of the Company.
| | --- | ----------------------------------------------------------------------------------------------------------------



Norris R. Harris. Mr. Harris, age
81, is the Chief Executive Officer and the Chairman of the Board. Mr. Harris is also a Founder of King Resources, Inc. Mr.
Harris has been the Chairman and Chief Executive Officer of Royalite Petroleum Company, Inc. since March 31, 2008 and its
President since February 2009. He has been owner and operator of May Petroleum, Inc. since January 1, 2007, Range Resources
since January 1, 2006 and Gulfport Oil And Gas, Inc. since January 1, 2003. He served as the Chief Executive Officer and
President of Gulfport Oil & Gas Inc. since January 1999. Mr. Harris has over 50 years of considerable experience in oil
and gas exploration, founding and restructuring of oil and gas companies and in oil and gas drilling and operations. Mr.
Harris has an extensive base of contacts in the oil and gas industry. He served as an independent oil and gas operator and
Consultant for various independent oil and gas companies from 1993 to January 1999. Mr. Harris was the Founder of Centex Oil
and Gas Inc., (Name changed to Cenergy) and served as its President. He was the Founder of Basin Exploration Corporation, a
subsidiary of Basin Petroleum Corp., and served as its President. Mr. Harris has considerable international oil and gas
exploration experience as a geophysicist with Mobil Oil Corporation, where he worked in Turkey, Austria, Holland, England
(North Sea) and Nigeria. Mr. Harris served as an Officer or Director of Texas Arkansas Petroleum Company. Since 1988, he
drilled wells for his own account in Alabama and Texas. He has been the Chairman of King Resources, Inc. and its holding
company Gulfport Oil & Gas Inc. since January 28, 2008 and May 5, 1999 respectively. He has been a Director of Gulfport
Oil & Gas Inc. since January 1999. Mr. Harris has been a member of the AAPG (American Association of Petroleum
Geologists) since October 20, 1980 and is an Emeritus Member of the Society Exploration Geophysicists. On April 27, 2011 Mr.
Harris was permanently barred from transacting business as a dealer, agent, investment advisor or investment
advisor representative in the state of Alabama by the Alabama Securities Commission stemming from a finding that Mr. Harris
sold an oil lease without proper licensing. On March 27, 2006 Mr. Harris entered into a consent order with the state of
Tennessee Department of Commerce and Insurance to be permanently barred from seeking registration as a broker-dealer, agent
of a broker-dealer, investment adviser, or investment advisor representative and agreed to pay $111,663 in restitution and
rescind investments from Tennessee residents.



Table of Contents32







S. Arne D. Greaves. Mr.
Greaves, age 52, is the Former Chief Executive Officer and Former Chairman of the Board of Directors of the Company and
currently serves as Board member. Since 1983, he has been working in the oil and gas industry. In May 2001, Mr. Greaves co-founded
Carpathian Energy Companie Petroliera S.R.L., a Romanian oil and gas production company, and has actively been involved the
acquisition of concessions and development plans for reentries and development of new wells. Since November 2007, he has been
the President of Livingston Operating Company, LLC, a family-owned oil and gas production company, based in Jackson,
Mississippi.



Kenneth Denos. In addition to his service
as a non-executive director of the Company, Mr. Denos, age 45, is a director and the Secretary and Chief Compliance Officer for
Equus Total Return, Inc. (“Equus”), a closed-end fund traded on the New York Stock Exchange. Mr. Denos is also the
Chairman and CEO of the Acadia Group, Inc., an international corporate finance and investment firm. Mr. Denos’ other directorships
include London Pacific & Partners, Inc., (a Los Angeles-based advisory and investment firm which specializes in the healthcare,
hospitality, and natural resources industries), Vican Resources, Inc. (an oil and gas exploration and development company) and
Scorpex, Inc. (a provider of first toxic and hazardous waste storage, treatment, and disposal in Mexico). From August 2007 to June
2009, Mr. Denos was the President and CEO of Equus, and prior to that time, served as the EVP of Equus. From May 2006 to July 2009
Mr. Denos was the Chief Executive Officer of MCC Global NV (FSE: IFQ2) an international financial services and investment conglomerate
based in London and traded on the Geregeltermarkt of the Frankfurt Stock Exchange. For the past 14 years, Mr. Denos has served
as a director or principal for several small-cap public companies on the London AIM, Frankfurt Stock Exchange, New York Stock Exchange,
and the OTC Bulletin Board, and has worked closely with many public and private emerging growth companies throughout the world.
In addition to a Bachelor of Science degree in Business Finance and Political Science, he holds a Master of Business Administration
and a Juris Doctor from the University of Utah.



Ruben Flores. Mr. Flores, age 38. Mr.
Flores is a non-executive director of the Company. He specializes in corporate finance with commercial lenders, hedge funds, private
equity groups, and other forms of structured finance. Mr. Flores is the founder and has been the President of Definitive Commercial
Capital, a Texas-based strategic finance company, since July 2005. Prior to July 2005, he was involved in the real estate mortgage
industry. During March 2008, Mr. Flores filed a chapter 13 bankruptcy, and on October 2009 he voluntarily dismissed the bankruptcy.
He has a Bachelor of Business Administration from the University of Incarnate Word in San Antonio, Texas.



Compensation of Directors



Although we anticipate compensating the members
of our Board of Directors in the future at industry levels, the current members are not paid cash compensation for their service
as directors. Each director may be reimbursed for certain expenses incurred in attending Board of Directors’ and committee
meetings. We are contemplating the issuance of stock or stock options of shares of the Company to our directors for their service
on the Board of Directors.



Board of Directors Meetings and Committees



Although various items were reviewed and approved
by the Board of Directors during 2013, the Board of Directors held no formal meetings during the fiscal year ended December 31,
2013. The remaining actions of the Board were approved by unanimous written consent.



The Company does not have Audit or Compensation
Committees of the Board of Directors.



Code of Ethics



The Company expects that its Officers and Directors
will maintain appropriate standards of honesty and ethical conduct in connection with the performance of their duties on behalf
of the Company. In recognition of this expectation, the Company has adopted a Code of Ethics. The purpose of this Code of Ethics
is to codify standards the Company believes are reasonably necessary to deter wrongdoing and to promote honest and ethical conduct,
including the ethical handling of actual or apparent conflicts of



Table of Contents33







interest between personal and professional relationships and
full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with, or submits to,
the Securities and Exchange Commission (the “SEC”), or other regulatory bodies and in other public communications made
by the Company.



Section 16(a) Beneficial Ownership Reporting Compliance



We are required to identify each person who
was an officer, director or beneficial owner of more than 10% of our registered equity securities during our most recent fiscal
year and who failed to file on a timely basis reports required by Section 16(a) of the Securities Exchange Act of 1934.



For the 2013 fiscal year we are unaware of any
officer, director or beneficial owner of more that 10% of our registered equity securities who failed to file reports on a timely
basis in accordance with Section 16(a) of the Securities Exchange Act of 1934.





ITEM 11. EXECUTIVE COMPENSATION



The following table summarizes the total compensation,
for the two fiscal years ended December 31, 2013 and 2012, of our executive officers. Our company did not award cash bonuses, stock
awards, stock options or non-equity incentive plan compensation to any Named Executive Officer during the past two fiscal years,
thus these items are omitted from the table below:



Summary Compensation Table

|Name and Principal Position |  | Year |      | Salary |  | Stock Awards |        | All Other Compensation |  | Total
|--------------------------- |  | ---- | ---- | ------ |  | ------------ | ------ | ---------------------- |  | -----
|                            |  |      |      |        |  |              |        |                        |  |      
|Norris R. Harris            |  |      | 2013 |        |  | $            | —      |                        |  | $    
|Chief Executive             |  |      | 2012 |        |  | $            | —      |                        |  | $    
|Officer (1)                 |  |      |      |        |  |              |        |                        |  |      
|                            |  |      |      |        |  |              |        |                        |  |      
|S. Arne D. Greaves          |  |      | 2013 |        |  | $            | —      |                        |  | $    
|former Chief Executive      |  |      | 2012 |        |  | $            | 92,500 |                        |  | $    
|Officer (1)                 |  |      |      |        |  |              |        |                        |  |      
|                            |  |      |      |        |  |              |        |                        |  |      
|George Edwards              |  |      | 2013 |        |  | $            | —      |                        |  | $    
|former Chief Financial      |  |      | 2012 |        |  | $            | 60,000 |                        |  | $    
|Officer (2)                 |  |      |      |        |  |              |        |                        |  |      
|                            |  |      |      |        |  |              |        |                        |  |      
|John D. Thomas              |  |      | 2013 |        |  | $            | —      |                        |  | $    
|VP of Business              |  |      | 2012 |        |  | $            | 59,200 |                        |  | $    
|Development (3)             |  |      |      |        |  |              |        |                        |  |      



(1) Appointed May 3, 2012.

(2) Appointed May 3, 2012.

(3) Appointed August 15, 2012.



Table of Contents34









Aggregated Option Exercises in Last Fiscal Year and Year End
Option Values



|                   |  |                                                                                                                                                                                                                                                    |   |                |  | Number of Unexercised Options at December 31, 2013 (All Options Vested/Unvested were Cancelled July 25, 2014) |   | Value of Unexercised In-the-Money Options at December 31, 2013(1)
|------------------ |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | -------------- |  | ------------------------------------------------------------------------------------------------------------- | - | -----------------------------------------------------------------
|Name               |  | Shares Acquired
                                                                                                                                                                              On
                                         Exercise |   | Value Realized |  | Exercisable/ Unexercisable                                                                                    |   | Exercisable/ Unexercisable                                       
|Kenneth Denos      |  |                                                                                                                                                                                                                                                    | 0 |                |  |                                                                                                               | 0 |                                                                  
|S. Arne D. Greaves |  |                                                                                                                                                                                                                                                    | 0 |                |  |                                                                                                               | 0 |                                                                  
|George Edwards     |  |                                                                                                                                                                                                                                                    | 0 |                |  |                                                                                                               | 0 |                                                                  
|Ruben Flores       |  |                                                                                                                                                                                                                                                    | 0 |                |  |                                                                                                               | 0 |                                                                  



(1) Based on the closing sales price of the Common Stock on the
NASD Electronic Bulletin Board on December 31, 2013 of $0.68.



*No Options were ever exercised under the 2012 Employee Option
Plan from its inception until its cancellation on July 25, 2014.



Employment Agreements



Currently Norris R. Harris serves at the discretion
of the Board of Directors, however, the Board of Directors intend to formalize Mr. Harris’ relationship with the Company
through an employment agreement.





























Table of Contents35





ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS



The following table sets forth certain information
regarding the beneficial ownership of our common stock (par value $0.001 per share) as of September 30, 2014 by (i) each person
(or group of affiliated persons) who is known by us to beneficially own more than 5% of the outstanding shares of our common stock,
(ii) each person serving as a director or executive officer of the Company, and (iii) all directors and executive officers of the
Company as a group. As of such date, we had 125,665,000 shares of common stock outstanding.



|Name
of Beneficial Owner(1)                           |  | Number of Shares Beneficially Owned(2) |             | Percent of Class(3)
|----------------------------------------------------- |  | -------------------------------------- | ----------- | -------------------
|Norris R. Harris(4)                                   |  |                                        | 100,000,000 |                    
|S. Arne D. Greaves(5)                                 |  |                                        | 0           |                    
|Kenneth Denos(6)                                      |  |                                        | 8,012,657   |                    
|Ruben Flores(7)                                       |  |                                        | 0           |                    
|Standard Energy Holdings, LLC(8)                      |  |                                        | 100,000,000 |                    
|All officers and directors as a group (4 persons)(10) |  |                                        | 108,012,657 |                    



* Indicates ownership of less than 1%.



(1)The address of each officer, director, and beneficial owner is c/o the Company, 515 Congress
Avenue, Suite 2060, Austin, TX 78701.



(2)The number of shares of common stock beneficially owned by any shareholder is determined by
the sum of (i) all shares of common stock held directly or indirectly by such shareholder, and (ii) shares of common stock subject
to options, warrants and/or conversion rights deemed beneficially owned by the shareholder that are currently exercisable or exercisable
within 60 days. Excludes shares of Series A Preferred Stock beneficially held by Kenneth Denos that are not convertible into common
stock but collectively hold 1,000,000,000 voting rights and are entitled to vote together with holders of common stock on all such
matters upon which common stockholders may vote.





(3)The calculation of percentage of beneficial ownership is based upon: (i) 125,665,000 shares
of common stock outstanding as of September 30, 2014, and (ii) shares of common stock subject to options, warrants and/or conversion
rights deemed beneficially held by the shareholder that are currently exercisable or exercisable within 60 days. The percentage
ownership of any shareholder is determined by assuming that the shareholder has exercised all options, warrants, and conversion
rights to obtain additional securities, and that no other shareholder has exercised such rights. Except as otherwise indicated
below, the persons and entity named in the table have sole voting and investment power with respect to all shares of common stock
and voting rights shown as beneficially owned by them, subject to applicable community property laws.





(4)Chief Executive Officer, Secretary, and Chairman of the Board of Directors. Includes 100,000,000
shares Standard Energy Holdings LLC. Mr. Harris is the beneficial owner of Standard Energy Holdings LLC.



(5)Former Chief Executive Officer and member of the Board of Directors.



(6)Controlling shareholder of the Company. Includes 8,012,657 shares held directly. Excludes
100 shares of Series A Preferred Stock held by Acadia Group, Inc., a corporation owned and controlled by Mr. Denos. The Series
A Preferred Stock carries no dividend, distribution, or liquidation, or common stock conversion rights, but holds 10,000,000 votes
per share, enabling Mr. Denos to unilaterally control





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the election of the Board of Directors. If the Series A Preferred Stock is
taken into account in determining percentage of beneficial ownership, Mr. Denos would beneficially hold 89.55% of the voting shares
of the Company.



(7)Member of the Board of Directors.



(8)Principal shareholder of the Company. Includes 100,000,000 shares of common stock held directly.



Changes in Control



On July 6, 2011, in exchange for the forgiveness
of $25,000 in amounts owed, the Company issued 100 shares of Series “A” Preferred Stock to Acadia Group, Inc., a corporation
owned and controlled by Kenneth Denos, then a member of the Board of Directors of the Company. The Series A Preferred Stock carries
no dividend, distribution, liquidation, or rights of conversion into common stock, but holds 10,000,000 votes per share, enabling
Mr. Denos to unilaterally control the election of the Board of Directors.



Securities Authorized for Issuance Under
Equity Compensation Plans



On May 4, 2012, the Company adopted its 2012
Equity Incentive Plan (the "Plan"). The Plan allows for the grant and issuance of common stock purchase options and grants
of restricted common stock to employees, non-employee directors, consultants, and advisors of the Company. The Plan reserves for
issuance thereunder 20,000,000 shares. Not all of the Options granted under the Plan are vested, some Options are subject to various
performance criteria as set forth in the respective consulting and employment agreements of the Plan participants. The foregoing
summary of the Plan does not purport to be complete and is qualified in its entirety by reference to the Company’s 2012 Equity
Incentive Plan, 2012 Equity Incentive Plan (incorporated by reference to Exhibit 99.1 to Registrant’s Current Report on Form
8-K filed on May 9, 2012).



ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
DIRECTOR INDEPENDENCE



On July 6, 2011, in exchange for the forgiveness
of $25,000 in amounts owed, the Company issued 100 shares of Series “A” Preferred Stock to Kenneth I. Denos, P.C.,
a corporation owned and controlled by Kenneth Denos, then a member of the Board of Directors of the Company. The Series A Preferred
Stock carries no dividend, distribution, liquidation, or rights of conversion into common stock, but holds 10,000,000 votes per
share, enabling Mr. Denos to unilaterally control the election of the Board of Directors.



On June 10, 2004, $80,000 was loaned to the
Company in the form of the payment of outstanding liabilities on behalf of the Company, and on January 1, 2005, the Company issued
3 promissory notes to the following individuals to formalize these non-cash payments in the prior year:





| | · | Chene Gardner ($6,250), a former member of the Board of Directors and the Company’s former
CEO;
| | - | -----------------------------------------------------------------------------------------------

| | · | Kenneth Denos ($25,000), a former member of the Board of Directors; and
| | - | -----------------------------------------------------------------------

| | · | Travis Pera ($23,750), son of Walter Pera, former Chairman of the Board of Directors.
| | - | -------------------------------------------------------------------------------------







The notes each mature upon demand,
are unsecured, and bear interest at the rate of ten percent per annum.



Director Independence



Ruben Flores is the only Director considered
to be independent, inasmuch as he does not beneficially hold greater than a 10% ownership interest in our common stock and is unrelated
to any of our shareholders who hold any such interest. We have not established any board committees. We hope in the future to add
at least one more independent director and establish one or more board committees including, in particular, an audit committee.



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ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES



Change in Auditors



On or about January 1, 2014, Morrill and Associates,
LLC (“Morrill”) combined with Pritchett, Siler and Hardy, LLC (“PSH”), an independent registered auditing
firm. Due to the combination, the Company announced the dismissal of its prior independent registered accounting firm and the engagement
of PSH as the successor form on Form 8-K filed on April 1, 2014.



During the period from the engagement of the
former auditors through the change of auditors, including the registrant’s most recent fiscal year and the subsequent interim
period, there were no disagreements with the former auditors, whether or not resolved, on any matter of accounting principles or
practices, financial statements disclosure, or auditing scope or procedure, which, if not resolved to the former auditor’s
satisfaction, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report.



The reports of Morrill and PSH did not contain
any adverse opinions or disclaimer of opinions and were not qualified or modified as to uncertainty, audit scope or accounting
principles.



Fees Billed For Audit and Non-Audit Services



The following table represents the aggregate
fees billed for professional audit services rendered to the Company by Morrill and PSH for the audits of the Company’s annual
financial statements for the years ended December 31, 2013 and 2012, respectively, and all fees billed for other services rendered
by PSH and Morrill during those periods.







|Year Ended December 31             |  | 2013 |        | 2012
|---------------------------------- |  | ---- | ------ | ----
|                                   |  |      |        |     
|Audit Fees(1)                      |  | $    | 15,380 |     
|Audit-Related Fees(2)              |  |      | 0      |     
|Tax Fees(3)                        |  |      | 0      |     
|All Other Fees(4)                  |  |      | 0      |     
|                                   |  |      |        |     
|Total Accounting Fees and Services |  | $    | 15,380 |     



(1) Audit Fees. These are fees for professional
services for the audit of the Company’s annual financial statements, and for the review of the financial statements included
in the Company’s filings on Form 10-Q, and for services that are normally provided in connection with statutory and regulatory
filings or engagements.



(2) Audit-Related Fees. These are fees for the
assurance and related services reasonably related to the performance of the audit or the review of the Company’s financial
statements.



(3) Tax Fees. These are fees for professional
services with respect to tax compliance, tax advice, and tax planning.



(4) All Other Fees. These are fees for permissible
work that does not fall within any of the other fee categories, i.e., Audit Fees, Audit-Related Fees, or Tax Fees.









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ITEM 15.    EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.



The following exhibits are filed with or incorporated
by referenced in this report:



|Item No. | Description                                                                                                                            
|-------- | ---------------------------------------------------------------------------------------------------------------------------------------
|10.1     | 2012 Equity Incentive Plan (incorporated by reference to Exhibit 99.1 to Registrant’s Current Report on Form 8-K filed on May 9, 2012).
|14.1     | Code of Ethics for the Registrant.                                                                                                     
|21.1     | Subsidiaries of the Registrant.                                                                                                        
|31.1*    | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Norris R. Harris.                                          
|32.1*    | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for S. Norris R. Harris.                                       
|         |                                                                                                                                        



* filed herewith.



































































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SIGNATURES



In accordance with Section 13 or 15(d) of the
Exchange Act, the Company caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.











|      |                     |  | START SCIENTIFIC, INC.
|----- | ------------------- |  | ----------------------
|      |                     |  |                       
|Date: | October
    9, 2014 |  | By:                   
|      |                     |  |                       
|      |                     |  |                       







In accordance with the Exchange Act, this report
has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated.



|Signature            |  | Title                                                                |  | Date           
|-------------------- |  | -------------------------------------------------------------------- |  | ---------------
|/s/ Norris R. Harris |  | Chairman and Chief Executive Officer and principal financial officer |  | October 9, 2014































































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