UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-Q



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



For
the quarterly period ended: March 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 No. 000-53161



WILD
CRAZE, INC.

(Exact
name of registrant as specified in its charter)



|Nevada                                             |  | 37-1458557                           
|-------------------------------------------------- |  | -------------------------------------
|(State
    or other jurisdiction of incorporation) |  | (IRS
    Employer Identification No.)



1560
Pine Island Rd.

Suite
F

Myrtle
Beach, SC 29577

(Address
of principal executive offices)



17
State St., 22nd Floor

New
York, NY 10004

(Former
name or former address, if changed since last report)



(855)
639-9453

(Registrant’s
telephone number, including area code)



Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange
Act of 1934 during the past 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]



Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was required to submit and post such files. Yes [X] No [  ]



Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, or 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 | [X] 



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



As
of May 17, 2013, there were 32,257,260 shares outstanding of the registrant’s common stock.


















TABLE
OF CONTENTS



|                               |  |                                                                                            |  | Pages
|------------------------------ |  | ------------------------------------------------------------------------------------------ |  | -----
|                               |  |                                                                                            |  |      
|PART I – FINANCIAL INFORMATION
|                               |  |                                                                                            |  |      
|Item
    1.                    |  | Financial
    Statements.                                                                  |  | 3    
|                               |  |                                                                                            |  |      
|Item
    2.                    |  | Management’s
    Discussion and Analysis of Financial Condition and Results of Operations. |  | 5    
|                               |  |                                                                                            |  |      
|Item
    3.                    |  | Quantitative
    and Qualitative Disclosures About Market Risk.                            |  | 11   
|                               |  |                                                                                            |  |      
|Item
    4.                    |  | Controls
    and Procedures.                                                               |  | 11   
|                               |  |                                                                                            |  |      
|PART II – OTHER INFORMATION   
|                               |  |                                                                                            |  |      
|Item
    1.                    |  | Legal
    Proceedings.                                                                     |  | 12   
|                               |  |                                                                                            |  |      
|Item
    1A.                   |  | Risk
    Factors.                                                                          |  | 12   
|                               |  |                                                                                            |  |      
|Item
    2                     |  | Unregistered
    Sales of Equity Securities and Use of Proceeds.                           |  | 12   
|                               |  |                                                                                            |  |      
|Item
    3                     |  | Defaults
    Upon Senior Securities.                                                       |  | 12   
|                               |  |                                                                                            |  |      
|Item
    4.                    |  | Mine
    Safety Disclosures.                                                               |  | 12   
|                               |  |                                                                                            |  |      
|Item
    5.                    |  | Other
    Information.                                                                     |  | 12   
|                               |  |                                                                                            |  |      
|Item
    6.                    |  | Exhibits.                                                                                  |  | 12   
|                               |  |                                                                                            |  |      
|Signatures                     |  | 13                                                                                        



2







PART
I – FINANCIAL INFORMATION



Item
1. Financial Statements.



WILD
CRAZE, INC.

CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS

MARCH
31, 2013





3







CONTENTS



|                                                                                                                                                   |  | Page(s)
|-------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------
|                                                                                                                                                   |  |        
|Condensed
    Consolidated Balance Sheets as of March 31, 2013 (unaudited) and December 31, 2012                                                   |  | F-1    
|                                                                                                                                                   |  |        
|Condensed
    Consolidated Statements of Operations for the Three Months Ended March 31, 2013 and 2012 (unaudited)                                 |  | F-2    
|                                                                                                                                                   |  |        
|Condensed
    Consolidated Statement of Changes in Stockholders’ Equity (Deficit) for the Period January 1, 2012 to March 31, 2013
    (unaudited) |  | F-3    
|                                                                                                                                                   |  |        
|Condensed
    Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2013 and 2012 (unaudited)                                 |  | F-4    
|                                                                                                                                                   |  |        
|Notes
    to Condensed Consolidated Financial Statements                                                                                           |  | F-5    



4







|Wild
    Craze, Inc.                     
|-----------------------------------------
|Condensed
    Consolidated Balance Sheets



|                                                                                                                                         |  | March 31, 2013 |            |   | December 31, 2012 |  
|---------------------------------------------------------------------------------------------------------------------------------------- |  | -------------- | ---------- | - | ----------------- | -
|                                                                                                                                         |  | (unaudited)    |            |   |                   |  
|                                                                                                                                         |  |                |            |   |                   |  
|Assets                                                                                                                                   | 
|                                                                                                                                         |  |                |            |   |                   |  
|Current
    Assets                                                                                                                       |  |                |            |   |                   |  
|Cash                                                                                                                                     |  | $              | 49,135     |   |                   | $
|Accounts receivable,
    net                                                                                                             |  |                | 90,120     |   |                   |  
|Inventory                                                                                                                                |  |                | 226,682    |   |                   |  
|Prepaid expenses                                                                                                                         |  |                | 10,000     |   |                   |  
|Customer deposits                                                                                                                        |  |                | 6,395      |   |                   |  
|Total
    Current Assets                                                                                                                 |  |                | 382,332    |   |                   |  
|                                                                                                                                         |  |                |            |   |                   |  
|Property
    and Equipment, net                                                                                                          |  |                | 57,663     |   |                   |  
|                                                                                                                                         |  |                |            |   |                   |  
|Other
    Assets                                                                                                                         |  |                |            |   |                   |  
|Intangible assets,
    net                                                                                                               |  |                | 2,305,935  |   |                   |  
|Note receivable                                                                                                                          |  |                | 13,803     |   |                   |  
|Total
    Other Assets                                                                                                                   |  |                | 2,319,738  |   |                   |  
|                                                                                                                                         |  |                |            |   |                   |  
|Total
    Assets                                                                                                                         |  | $              | 2,759,733  |   |                   | $
|                                                                                                                                         |  |                |            |   |                   |  
|Liabilities
    and Stockholders’ Equity (Deficit)                                                                                       | 
|                                                                                                                                         |  |                |            |   |                   |  
|Current
    Liabilities:                                                                                                                 |  |                |            |   |                   |  
|Accounts payable
    and accrued liabilities                                                                                             |  | $              | 282,534    |   |                   | $
|Liability to
    be settled in stock                                                                                                     |  |                | 34,990     |   |                   |  
|Loan payable                                                                                                                             |  |                | -          |   |                   |  
|Loans payable
    - related parties                                                                                                      |  |                | 755,106    |   |                   |  
|Convertible notes
    payable - related party                                                                                            |  |                | 152,259    |   |                   |  
|Total
    Current Liabilities                                                                                                            |  |                | 1,224,889  |   |                   |  
|                                                                                                                                         |  |                |            |   |                   |  
|Total
    Liabilities                                                                                                                    |  |                | 1,224,889  |   |                   |  
|                                                                                                                                         |  |                |            |   |                   |  
|Commitments
    and Contingencies                                                                                                        |  |                |            |   |                   |  
|Contingent stock                                                                                                                         |  |                | 396,816    |   |                   |  
|                                                                                                                                         |  |                |            |   |                   |  
|Stockholders’
    Equity (Deficit)                                                                                                       |  |                |            |   |                   |  
|Preferred stock,
    $0.001 par value; 50,000,000 shares authorized; none issued or outstanding                                          |  |                | -          |   |                   |  
|Common stock,
    $0.001 par value; 500,000,000 shares authorized; 32,317,260 and 26,123,760 shares issued and outstanding, respectively |  |                | 32,317     |   |                   |  
|Additional paid
    in capital                                                                                                           |  |                | 3,709,883  |   |                   |  
|Accumulated
    deficit                                                                                                                  |  |                | (2,604,172 | ) |                   |  
|Total
    Stockholders’ Equity (Deficit)                                                                                                 |  |                | 1,138,028  |   |                   |  
|                                                                                                                                         |  |                |            |   |                   |  
|Total
    Liabilities and Stockholders’ Equity (Deficit)                                                                                 |  | $              | 2,759,733  |   |                   | $



See accompanying notes
to financial statements 1



F-1







|Wild
    Craze, Inc.                               
|---------------------------------------------------
|Condensed
    Consolidated Statements of Operations
|(unaudited)                                        



|                                                                   |  | For the
    Three Months Ended March 31, |           
|------------------------------------------------------------------ |  | ---------------------------------------- | ----------
|                                                                   |  | 2013                                     |           
|                                                                   |  |                                          |           
|Sales                                                              |  | $                                        | 89,070    
|                                                                   |  |                                          |           
|Cost of sales                                                      |  |                                          | 40,049    
|                                                                   |  |                                          |           
|Gross
    Profit                                                   |  |                                          | 49,021    
|                                                                   |  |                                          |           
|Selling,
    general and administrative expenses                   |  |                                          | 2,003,639 
|                                                                   |  |                                          |           
|Loss
    from operations                                           |  |                                          | (1,954,618
|                                                                   |  |                                          |           
|Other
    income (expense):                                        |  |                                          |           
|Interest
    income                                                |  |                                          | 142       
|Interest
    expense                                               |  |                                          | (35,952   
|Gain
    on disposition of vehicle                                 |  |                                          | 3,000     
|                                                                   |  |                                          |           
|Total
    other income (expense)                                   |  |                                          | (32,810   
|                                                                   |  |                                          |           
|Net
    loss                                                       |  | $                                        | (1,987,428
|                                                                   |  |                                          |           
|Net
    loss per common share - basic and diluted                  |  | $                                        | (0.07     
|                                                                   |  |                                          |           
|Weighted
    average common shares outstanding - basic and diluted |  |                                          | 30,213,732



See accompanying notes
to financial statements 2



F-2







|Wild
    Craze, Inc.                                                   
|-----------------------------------------------------------------------
|(A
    Development Stage Company)                                      
|Consolidated
    Statement of Changes in Stockholders’ Equity (Deficit)
|For
    the Period from January 1, 2012 to March 31, 2013              
|(unaudited)                                                            



|                                                |  | Common
    Stock |            |  | Additional |   |        | Accumulated     |  |   | Stockholders’ Equity | 
|----------------------------------------------- |  | ---------------- | ---------- |  | ---------- | - | ------ | --------------- |  | - | -------------------- | 
|                                                |  | Shares           |            |  | Amount     |   |        | Paid-In Capital |  |   | Deficit              | 
|                                                |  |                  |            |  |            |   |        |                 |  |   |                      | 
|Balance, January 1, 2012                        |  |                  | 26,123,760 |  |            | $ | 26,124 |                 |  | $ | 66,681               | 
|                                                |  |                  |            |  |            |   |        |                 |  |   |                      | 
|Net loss, year ended December 31,
    2012      |  |                  |            |  |            |   |        |                 |  |   |                      | 
|                                                |  |                  |            |  |            |   |        |                 |  |   |                      | 
|Balance, December 31, 2012                      |  |                  | 26,123,760 |  |            |   | 26,124 |                 |  |   | 66,681               | 
|                                                |  |                  |            |  |            |   |        |                 |  |   |                      | 
|Stock issued for services                       |  |                  | 2,691,000  |  |            |   | 2,691  |                 |  |   | 1,719,549            | 
|                                                |  |                  |            |  |            |   |        |                 |  |   |                      | 
|Stock issued to settle vendor
    liabilities   |  |                  | 502,500    |  |            |   | 503    |                 |  |   | 6,653                | 
|                                                |  |                  |            |  |            |   |        |                 |  |   |                      | 
|Stock issued in asset acquisition               |  |                  | 3,000,000  |  |            |   | 3,000  |                 |  |   | 1,917,000            | 
|                                                |  |                  |            |  |            |   |        |                 |  |   |                      | 
|Net loss, three months ended March
    31, 2013 |  |                  |            |  |            |   |        |                 |  |   |                      | 
|                                                |  |                  |            |  |            |   |        |                 |  |   |                      | 
|Balance, March 31, 2013                         |  |                  | 32,317,260 |  |            | $ | 32,317 |                 |  | $ | 3,709,883            | 



See accompanying notes
to financial statements 3



F-3







|Wild
    Craze, Inc.                               
|---------------------------------------------------
|Condensed
    Consolidated Statements of Cash Flows
|(unaudited)                                        



|                                                                                   |  | For the
    Three Months Ended March 31, |           
|---------------------------------------------------------------------------------- |  | ---------------------------------------- | ----------
|                                                                                   |  | 2013                                     |           
|Cash
    Flows From Operating Activities:                                          |  |                                          |           
|Net loss                                                                           |  | $                                        | (1,987,428
|Adjustments to reconcile
    net loss to net cash used in operating activities     |  |                                          |           
|Depreciation and amortization                                                      |  |                                          | 4,689     
|Bad debt                                                                           |  |                                          | 4,800     
|Stock based compensation                                                           |  |                                          | 1,722,240 
|Changes in operating
    assets and liabilities:                                   |  |                                          |           
|(Increase) decrease in:                                                            |  |                                          |           
|Accounts receivable                                                                |  |                                          | (23,601   
|Inventory                                                                          |  |                                          | (20,847   
|Deposits                                                                           |  |                                          | (6,395    
|Increase (decrease) in:                                                            |  |                                          |           
|Accounts payable and
    accrued liabilities                                       |  |                                          | 143,853   
|Net
    Cash Used In Operating Activities                                          |  |                                          | (162,689  
|                                                                                   |  |                                          |           
|Cash
    Flows From Investing Activities:                                          |  |                                          |           
|Cash paid in asset acquisition                                                     |  |                                          | (100,000  
|Cash acquired through
    asset acquisition                                        |  |                                          | 504       
|Principal payments received
    on notes receivable                                |  |                                          | 460       
|Net
    Cash Used In Investing Activities                                          |  |                                          | (99,036   
|                                                                                   |  |                                          |           
|Cash
    Flows From Financing Activities:                                          |  |                                          |           
|Repayment of loan payable                                                          |  |                                          | (20,000   
|Proceeds from related
    party loans                                              |  |                                          | 318,088   
|Proceeds from convertible
    notes - related party                                |  |                                          | -         
|Repayment of
    related party loans                                               |  |                                          | -         
|Net
    Cash Provided By Financing Activities                                      |  |                                          | 298,088   
|                                                                                   |  |                                          |           
|Net
    change in cash                                                             |  |                                          | 36,363    
|                                                                                   |  |                                          |           
|Cash at beginning of period                                                        |  |                                          | 12,772    
|                                                                                   |  |                                          |           
|Cash at end of period                                                              |  | $                                        | 49,135    
|                                                                                   |  |                                          |           
|Supplemental
    disclosures of cash flow information:                             |  |                                          |           
|Cash paid for interest                                                             |  | $                                        | -         
|Cash paid for taxes                                                                |  | $                                        | -         
|                                                                                   |  |                                          |           
|Supplemental
    disclosure of non-cash investing and financing activities:        |  |                                          |           
|                                                                                   |  |                                          |           
|Related party loan payable
    converted into related party convertible note       |  | $                                        | -         
|702,500 shares common
    stock issued to settle vendor liabilities                |  | $                                        | 7,156     
|Assets acquired and liabilities
    assumed through assets acquisition as follows: |  |                                          |           
|Accounts receivable                                                                |  | $                                        | 71,319    
|Inventory                                                                          |  | $                                        | 194,077   
|Equipment                                                                          |  | $                                        | 59,310    
|Intangible assets                                                                  |  | $                                        | 2,308,977 
|Note receivable                                                                    |  | $                                        | 14,263    
|Accounts payable                                                                   |  | $                                        | 31,633    
|Note payable                                                                       |  | $                                        | 200,000   
|Contingent stock                                                                   |  | $                                        | 396,816   



See accompanying notes
to financial statements 4



F-4







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



Note
1 Nature of Operations



Business



Wild
Craze, Inc. (formerly known as Wired Associates Solutions, Inc.) (the “Company”) was incorporated under the laws of
the State of Nevada on February 14, 2003. The Company was originally formed as a multimedia/marketing company that specializes
in the design and creation of effective marketing products and services, primarily internet based.



In
December 2011, the Company ceased to engage in the multimedia and marketing industry and acquired the business of SnapTagz, LLC
to engage in the production, distribution and marketing of fabric accessories.





On February 25, 2013, the Company, as parent,
Wild Creations, Inc., a wholly-owned subsidiary of the Company, as buyer, Crescent Moon Holdings, LLC, a South Carolina limited
liability company (“Crescent Moon”) as seller, and certain unitholders of Crescent Moon closed an Asset Purchase Agreement
pursuant to which the Company, through its subsidiary, acquired certain assets of Crescent Moon.



Further, also on February 25, 2013, the Company,
as parent, Wild Creations, Inc., as buyer, FlipOutz, LLC, a Delaware limited liability company (“FlipOutz”) as seller,
and certain unitholders of FlipOutz closed an Asset Purchase Agreement pursuant to which the Company, through its subsidiary,
acquired certain assets of FlipOutz.



Crescent Moon products
include mini eco-aquariums that feature live African Dwarf Frogs and toys that inspire play, imagination, and exploration.



FlipOutz
products include bracelets you can wear and personalize, which can then be collected, traded, and tracked online.



Note
2 Summary of Significant Accounting Policies



Basis
of Presentation



The
condensed consolidated financial statements and accompanying footnotes are prepared in accordance with accounting principles generally
accepted in the United States of America (“US GAAP”) and include the accounts of the Company and its wholly-owned
subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation.



The
unaudited financial information furnished herein reflects all adjustments, consisting solely of normal recurring items, which
in the opinion of management are necessary to fairly state the financial position of the Company and the results of its operations
for the periods presented. This report should be read in conjunction with the Company’s consolidated financial statements
and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2012 filed on April 16, 2013. The
Company assumes that the users of the interim financial information herein have read or have access to the audited financial statements
for the preceding fiscal year and that the adequacy of additional disclosure needed for a fair presentation may be determined
in that context. Accordingly, footnote disclosures, which would substantially duplicate the disclosure contained in the Company’s
Form 10-K for the year ended December 31, 2012 have been omitted. The results of operations for the interim periods presented
are not necessarily indicative of results for the entire year ending December 31, 2013.



F-5







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



Principles
of consolidation



All
significant intercompany accounts and transactions have been eliminated in consolidation.



Use
of Estimates



The
preparation of condensed consolidated financial statements in conformity with U.S. generally accepted
accounting principles requires management to make estimates and assumptions that affect the amounts reported in the condensed
consolidated financial statements and accompanying notes.



Making
estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect
of a condition, situation or set of circumstances that existed at the date of the condensed consolidated financial statements,
which management considered in formulating its estimate could change in the near term due to one or more future confirming events.
Accordingly, the actual results could differ significantly from estimates.



Risks
and Uncertainties



The
Company’s condensed consolidated operations are subject to significant risk and uncertainties including financial, operational,
technological, and regulatory risks including the potential risk of business failure. See Note 3 regarding going concern matters.



Cash



The
Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. The
Company held no cash equivalents at March 31, 2013 and December 31, 2012.



The
Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial
institution. The balance at times may exceed federally insured limits.



Accounts
receivable and allowance for doubtful accounts



Accounts
receivable are stated at the amount management expects to collect from outstanding balances. The Company generally does not require
collateral to support customer receivables. The Company provides an allowance for doubtful accounts based upon a review of the
outstanding accounts receivable, historical collection information and existing economic conditions. The Company determines if
receivables are past due based on days outstanding, and amounts are written off when determined to be uncollectible by management.
The maximum accounting loss from the credit risk associated with accounts receivable is the amount of the receivable recorded,
which is the face amount of the receivable, net of the allowance for doubtful accounts. As of March 31, 2013 and December 31,
2012 the Company had an allowance for doubtful accounts of $4,800 and $0, respectively.



F-6







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



Inventories



Inventories
are stated at the lower of cost or market using the first-in, first-out (FIFO) valuation method.



Depreciation



Property
and equipment are recorded at cost. Depreciation expense is computed using straight-line methods over the estimated useful lives.



Asset
lives for financial statement reporting of depreciation are:



|Machinery
    and equipment | 2-7 | years
|--------------------------- | --- | -----



Intangibles



Intangibles
are comprised of goodwill, trade names and customer lists. In accordance with ASC 350, intangible assets with indefinite lives
are not amortized but instead are measured for impairment at least annually, or when events indicate that an impairment exists.
The Company calculates impairment as the excess of the carrying value of its indefinite-lived assets over their estimated fair
value. If the carrying value exceeds the estimate of fair value a write-down is recorded. The Company amortizes it’s intangibles
with finite useful lives over their respective useful lives.



Long-Lived
Assets



Management
regularly reviews property and equipment and other long-lived assets, including certain definite-lived intangible assets, for
possible impairment. This review occurs annually, or more frequently if events or changes in circumstances indicate the carrying
amount of the asset may not be recoverable. If there is indication of impairment, generally, management then prepares an estimate
of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual
disposition. If these cash flows are less than the carrying amount of the asset, an impairment loss is recognized to write down
the asset to its estimated fair value. The fair value is estimated using the present value of the future cash flows discounted
at a rate commensurate with management’s estimates of the business risks. Preparation of estimated expected future cash
flows is inherently subjective and is based on management’s best estimate of assumptions concerning expected future conditions.



F-7







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



Debt
Issue Costs and Debt Discount



These
items are amortized over the life of the debt to interest expense. If a conversion, extinguishment or repayment of the underlying
debt occurs, a proportionate share of these amounts is immediately expensed.



Fair
Value of Financial Instruments



The
Company follows ASC 820-10 of the FASB Accounting Standards Codification to measure the fair value of its financial instruments
and disclosures about fair value of its financial instruments. ASC 820-10 establishes a framework for measuring fair value in
accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value
measurements. To increase consistency and comparability in fair value measurements and related disclosures, ASC 820-10 establishes
a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.
The three (3) levels of fair value hierarchy defined by ASC 820-10 are described below:



|Level
    1 |  | Quoted
    market prices available in active markets for identical assets or liabilities as of the reporting date.                                                 
|----------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------
|            |  |                                                                                                                                                                    
|Level
    2 |  | Pricing
    inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable
    as of the reporting date.
|            |  |                                                                                                                                                                    
|Level
    3 |  | Pricing
    inputs that are generally unobservable inputs and not corroborated by market data.                                                                     



Financial
assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or
similar techniques and at least one significant model assumption or input is unobservable.



The
fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities
and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within
more than one level described above, the categorization is based on the lowest level input that is significant to the fair value
measurement of the instrument.



The
carrying amounts of the Company’s financial assets and liabilities, such as cash, prepaid expenses, notes receivable and
other current assets, accounts payable and accrued liabilities approximate their fair values because of the short maturity of
these instruments.



We
have determined that it is not practical to estimate the fair value of our notes payable because of their unique nature and the
costs that would be incurred to obtain an independent valuation. We do not have comparable outstanding debt on which to base an
estimated current borrowing rate or other discount rate for purposes of estimating the fair value of the notes payable and we
have not been able to develop a valuation model that can be applied consistently in a cost efficient manner. These factors all
contribute to the impracticability of estimating the fair value of the notes payable. At March 31, 2013 and December 31, 2012,
the carrying value of the notes payable and accrued interest was $991,131 and $405,926.



F-8







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



Transactions
involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of
competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply
that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions
unless such representations can be substantiated.



It
is not, however, practical to determine the fair value of loans payable – related parties due to their related party nature.



Research
and Development



Research
and development is expensed as incurred. There was no such expense for the three months ended March 31, 2013 and 2012.



Share-Based
Payments



Generally,
all forms of share-based payments, including stock option grants, warrants, restricted stock grants and stock appreciation rights
are measured at their fair value on the awards’ grant date, based on the estimated number of awards that are ultimately
expected to vest. Share-based compensation awards issued to non-employees for services rendered are recorded at either the fair
value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The expense
resulting from share-based payments is recorded as general and administrative expense. During the three months ended March 31,
2013 the Company accrued a liability relating to 50,000 shares of common stock to be issued to consultants, for services rendered,
at a fair value of $32,000 ($0.64/share). During the three months ended March 31, 2013 the Company issued 2,691,000 shares of
common stock to consultants, for services rendered, at a fair value of $1,722,240 ($0.64/share). During the three months ended
March 31, 2012 the Company accrued a liability relating to 115,000 shares of common stock to be issued to attorneys and consultants,
for services rendered, at a fair value of $1,638 ($0.014/share).



Income
Taxes



Income
taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded
for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expense (benefit)
results from the net change during the year of deferred tax assets and liabilities.



Deferred
tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion
of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes
in tax laws and rates on the date of enactment.



F-9







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



For
income tax benefits arising from uncertain income tax positions, a tax benefit arising from an uncertain tax position can only
be recognized for financial reporting purposes if, and to the extent that, the position is more likely than not to be sustained
in an audit by the applicable taxing authority.



Penalties
related to uncertain tax positions are recorded as a component of general and administrative expenses. Interest relating to uncertain
tax positions is recorded as a component of interest expense. The Company has not recorded any uncertain tax positions at March
31, 2013 and December 31, 2012.



Penalties
and interest assessed by income taxing authorities are included in general and administrative expenses.



Revenue



The
Company records revenue for products when all of the following have occurred: (1) persuasive evidence of an arrangement exists,
(2) the product is delivered, (3) the sales price to the customer is fixed or determinable, and (4) collectability of the related
customer receivable is reasonably assured. There is no stated right of return for products.



The
Company meets these criteria upon shipment.



Advertising



The
Company expenses advertising when incurred. Advertising expense for the three months ended March 31, 2013 and 2012 was $0.



Basic
Earnings per Share



Basic
earnings (loss) per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding
during each period. Diluted earnings (loss) per share is computed by dividing net income (loss), adjusted for changes in income
or loss that resulted from the assumed conversion of convertible debt, exercise of stock options and warrants, by the weighted
average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the
period.



The
Company had the following potential common stock equivalents at March
31, 2013:



|Liability
    to be settled in stock |  |  | 260,000 | 
|------------------------------------ |  |  | ------- | 
|Total common stock
    equivalents   |  |  | 260,000 | 



Since
the Company reflected a net loss for the three months ended March 31, 2013, the inclusion of any common stock equivalents, would
have been anti-dilutive. A separate computation of diluted earnings (loss) per share is not presented.



F-10







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



The
Company had the following potential common stock equivalents at December
31, 2012:



|Liability
    to be issued in stock |  |  | 712,500 | 
|----------------------------------- |  |  | ------- | 
|Total common stock
    equivalents  |  |  | 712,500 | 



Since
the Company reflected a net loss in 2012, the inclusion of any common stock equivalents, would have been anti-dilutive. A separate
computation of diluted earnings (loss) per share is not presented.



Recent
Accounting Pronouncements



There
are no recent accounting pronouncements that are expected to have an effect on our consolidated financial statements.



Note
3 Going Concern



As
reflected in the accompanying consolidated financial statements, the Company has a net loss and net cash used in operations of
$1,987,428 and $162,689, respectively, for the year ended December 31, 2012 and an accumulated
net loss totaling $2,604,172. In addition, the company has a working capital deficit of
approximately $843,000 at March 31, 2013. These factors raise substantial doubt about our ability to continue as a going concern.



The
ability of the Company to continue its operations is dependent on Management’s plans, which include the raising of capital
through debt and/or equity markets with some additional funding from other traditional financing
sources, including term notes, until such time that funds provided by operations are sufficient to fund working capital requirements.
The Company may need to incur additional liabilities with certain related parties to sustain the Company’s existence.



The
Company will require additional funding to finance the growth of its current and expected future operations as well as to achieve
its strategic objectives. The Company believes its current available cash along with anticipated revenues may be insufficient
to meet its cash needs for the near future. There can be no assurance that financing will be available in amounts or terms acceptable
to the Company, if at all.



The
accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business. These consolidated financial statements do not
include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be
necessary should the Company be unable to continue as a going concern.



F-11







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



Note
4 Acquisitions



| | (A) | Crescent
                                                                                                                                                                                                                            Moon
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



On
February 25, 2013, the Company, as parent, Wild Creations, Inc., a wholly-owned subsidiary of the Company, as buyer, Crescent
Moon Holdings, LLC, a South Carolina limited liability company as seller, and certain unitholders of Crescent Moon closed an Asset
Purchase Agreement pursuant to which the Company, through its subsidiary, acquired certain assets of Crescent Moon.







Pursuant
to the terms of the Purchase Agreement, the Company acquired all of the assets of Crescent Moon in exchange for $100,000, the
issuance of 2,000,000 shares of our common stock, $0.001 par value, and assumption of a note, including accrued interest, in the
amount of $231,165. Total price paid for Crescent Moon assets in the acquisition was $1,611,165.



The
following sets forth the components of the purchase price:



|Purchase Price:                                                                                     |  |  
|--------------------------------------------------------------------------------------------------- |  | -
|Cash                                                                                                |  | $
|2,000,000 shares of
    common stock, ($0.64/share), based upon the fair value of the shares issued |  |  
|Assumed Note                                                                                        |  |  
|Total Purchase Price                                                                                |  |  
|Assets acquired                                                                                     |  |  
|Cash                                                                                                |  |  
|Accounts Receivable                                                                                 |  |  
|Inventory                                                                                           |  |  
|Fixed Assets                                                                                        |  |  
|Note Receivable                                                                                     |  |  
|Total assets acquired                                                                               |  |  
|Liabilities assumed                                                                                 |  |  
|Accounts payable                                                                                    |  |  
|Total liabilities assumed                                                                           |  |  
|Net assets acquired                                                                                 |  |  
|Excess purchase
    price                                                                           |  | $



Based
on a preliminary independent appraisal, the Company has tentatively allocated $649,055 of the excess purchase price to intangible
assets with $638,506 assigned to Goodwill.



The
purchase price allocation will be adjusted if necessary upon the company receiving the final valuation report from the independent
appraisal company.



F-12







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



The
intangible assets subject to amortization have been assigned useful lives as follows:



|Customer
    list | 11
    years
|----------------- | ------------



| | (B) | FlipOutz
| | --- | --------



Further, also on February 25,
2013, the Company, as parent, Wild Creations, Inc., as buyer, FlipOutz, LLC, a Delaware limited liability company as seller, and
certain unitholders of FlipOutz closed an Asset Purchase Agreement pursuant to which the Company, through its subsidiary, acquired
certain assets of FlipOutz.



Pursuant
to the terms of the Purchase Agreement, the company acquired all of the assets of FlipOutz in exchange for the issuance of 1,000,000
shares of our common stock, $0.001 par value, and contingent stock consideration with a fair value at date of purchase of $396,816.
Total price paid for FlipOutz assets in the acquisition was $1,036,816.



The
following sets forth the components of the purchase price:



|Purchase
    Price:                                                                                 |  |   |           | 
|--------------------------------------------------------------------------------------------------- |  | - | --------- | 
|1,000,000
    shares of common stock, ($0.64/share), based upon the fair value of the shares issued |  |   | 640,000   | 
|Contingent stock
    consideration                                                                  |  |   | 396,816   | 
|Total Purchase Price                                                                                |  |   | 1,036,816 | 
|Assets acquired                                                                                     |  |   |           | 
|Cash                                                                                                |  |   | 270       | 
|Accounts Receivable                                                                                 |  |   | 345       | 
|Inventory                                                                                           |  |   | 14,785    | 
|Total assets acquired                                                                               |  |   | 15,400    | 
|Liabilities assumed                                                                                 |  |   |           | 
|Total liabilities assumed                                                                           |  |   | -         | 
|Net assets acquired                                                                                 |  |   | 15,400    | 
|Excess purchase
    price                                                                           |  | $ | 1,021,416 | 



Based
on a preliminary independent appraisal, the Company has tentatively allocated $74,780 of the excess purchase price to intangible
assets with $946,636 assigned to Goodwill.



The
purchase price allocation will be adjusted if necessary upon the company receiving the final valuation report from the independent
appraisal company.



The
intangible assets subject to amortization have been assigned useful lives as follows:



|Customer
    list | 11
    years
|----------------- | ------------



F-13







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



The
following table summarizes, on an unaudited pro forma basis, the results of operations of the Company as though the acquisitions
had occurred as of January 1, 2012. The pro forma amounts give effect to appropriate adjustments of amortization of intangible
assets. The pro forma amounts presented are not necessarily indicative of the actual operation results had the acquisition transactions
occurred as of January 1, 2012.



|                               |  | For
    the Three Months Ended |           
|------------------------------ |  | ------------------------------ | ----------
|                               |  | March
    31, 2013             |           
|Revenues                       |  | $                              | 196,193   
|Net loss                       |  |                                | (2,015,260
|Loss per share of common stock |  |                                | (0.06     
|Basic and diluted              |  |                                | 31,213,732



Note
5 Property, Plant and Equipment



Property,
plant and equipment on March 31, 2013 and December 31, 2012 are as follows:



|                                   |  | March 31, 2013 |        |  | December 31, 2012 |  
|---------------------------------- |  | -------------- | ------ |  | ----------------- | -
|Machinery and
    Equipment        |  | $              | 59,310 |  |                   | $
|Less: Accumulated
    Depreciation |  |                | 1,647  |  |                   |  
|                                   |  | $              | 57,663 |  |                   | $



Depreciation
expense charged to income for the three months ended March 31, 2013 and 2012 amounted to $1,647 and $0 respectively.



Note
6 Note Receivable



As
of March 31, 2013 the Company had a note receivable in the amount of $13,803. The note accrues interest at 9.00% per annum with
monthly installments of $566.67. The note matures on June 5, 2015. The Company acquired the note on February 25, 2013 upon entering
into an asset purchase agreement with Crescent Moon. (See Note 4) The note is secured by real estate.



F-14







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



Note
7 Intangible Assets



There
were no balances or activity for intangible assets during 2012. The following table summarizes changes in our intangible assets
as of March 31, 2013:



|                  |  | Estimated
    Life |  | Gross
    Amount |           |  | Accumulated
    Amortization |   |        | Impairment
    Charges |  |   | Net | 
|----------------- |  | ------------------ |  | ---------------- | --------- |  | ---------------------------- | - | ------ | ---------------------- |  | - | --- | 
|Customer
    List |  | 11 years           |  | $                | 401,495   |  |                              | $ | (3,042 | )                      |  | $ | -   | 
|Trade Name        |  | Indefinite         |  |                  | 322,340   |  |                              |   | -      |                        |  |   | -   | 
|Goodwill          |  | Indefinite         |  |                  | 1,585,142 |  |                              |   | -      |                        |  |   | -   | 
|                  |  |                    |  | $                | 2,308,977 |  |                              | $ | (3,042 | )                      |  | $ | -   | 



We
assess goodwill and other intangible assets for impairment annually during the fourth quarter of each year and on an interim date
should factors or indicators become apparent that would require an impairment test.



Amortization
expense related to the customer list totaled $3,042 for the three months ended March 31, 2013.



Note
8 Related Party Transactions



| | (A) | Convertible
                                                                                                                                                                                                                            notes
                                                                                                                                                                                                                            payable
                                                                                                                                                                                                                            –
                                                                                                                                                                                                                            related
                                                                                                                                                                                                                            parties
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



On
January 23, 2012, the Company issued a senior secured convertible promissory note in the principal amount of $102,259 (the “Note”)
in favor of Omega Global Enterprises, LLC, a Delaware limited liability company (“Omega”). The Note is due on demand
and bears interest at a rate of twelve percent (12%) per annum. The Note is convertible into shares of the Company’s common
stock at a price equal to the average of the immediately preceding three volume weighted average prices prior to receipt by the
Company of a notice of conversion delivered by the holder. The Note may be prepaid in whole or in part at the Company’s
option without penalty. Further, the Note grants to Omega a continuing, first priority security interest in all of the Company’s
assets, wheresoever located and whether now existing or hereafter arising or acquired.



On
February 24, 2012, Omega advanced the Company $50,000 and on March 2, 2012 the note was amended and the note principal was increased
to $152,259.



As
of March 31, 2013, accrued and unpaid interest under the Note was $21,153.



As
of December 31, 2012, accrued and unpaid interest under the Note was $16,649.



F-15







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



Related
Party convertible notes payable consisted of the following at March 31, 2013 and December 31, 2012:



|                                                                                                                                                                                                                                  |  | March 31, 2013 |         |  | December 31, 2012 |  
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------- | ------- |  | ----------------- | -
|Convertible note payable, originally entered into on
    January 23, 2012, due on demand, with interest at 12% per annum with interest due on the demand date. Note was amended on
    March 2, 2012 due to a principal increase. |  | $              | 152,259 |  |                   | $
|                                                                                                                                                                                                                                  |  |                |         |  |                   |  
|                                                                                                                                                                                                                                  |  | $              | 152,259 |  |                   | $



The
Company recorded $4,505 and $2,920 interest expense on the convertible note for the three months ended March 31, 2013 and 2012,
respectively.



| | (B) | Loans
                                                                                                                                                                                                                            payable-related
                                                                                                                                                                                                                            parties
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | i) | As
                                                                                                                                                                                                                   of
                                                                                                                                                                                                                   March
                                                                                                                                                                                                                   31,
                                                                                                                                                                                                                   2013
                                                                                                                                                                                                                   the
                                                                                                                                                                                                                   Company
                                                                                                                                                                                                                   owed
                                                                                                                                                                                                                   $555,106
                                                                                                                                                                                                                   to
                                                                                                                                                                                                                   a
                                                                                                                                                                                                                   related
                                                                                                                                                                                                                   entity
                                                                                                                                                                                                                   relating
                                                                                                                                                                                                                   to
                                                                                                                                                                                                                   monies
                                                                                                                                                                                                                   advanced
                                                                                                                                                                                                                   to
                                                                                                                                                                                                                   the
                                                                                                                                                                                                                   Company
                                                                                                                                                                                                                   to
                                                                                                                                                                                                                   fund
                                                                                                                                                                                                                   operating
                                                                                                                                                                                                                   expenses
                                                                                                                                                                                                                   and
                                                                                                                                                                                                                   to
                                                                                                                                                                                                                   fund
                                                                                                                                                                                                                   acquisitions.
                                                                                                                                                                                                                   The
                                                                                                                                                                                                                   sole
                                                                                                                                                                                                                   member
                                                                                                                                                                                                                   of
                                                                                                                                                                                                                   the
                                                                                                                                                                                                                   Board
                                                                                                                                                                                                                   of
                                                                                                                                                                                                                   Directors
                                                                                                                                                                                                                   and
                                                                                                                                                                                                                   significant
                                                                                                                                                                                                                   shareholder
                                                                                                                                                                                                                   of
                                                                                                                                                                                                                   the
                                                                                                                                                                                                                   Company
                                                                                                                                                                                                                   is
                                                                                                                                                                                                                   a
                                                                                                                                                                                                                   controlling
                                                                                                                                                                                                                   shareholder
                                                                                                                                                                                                                   of
                                                                                                                                                                                                                   the
                                                                                                                                                                                                                   related
                                                                                                                                                                                                                   entity.
                                                                                                                                                                                                                   The
                                                                                                                                                                                                                   loan
                                                                                                                                                                                                                   accrues
                                                                                                                                                                                                                   interest
                                                                                                                                                                                                                   at
                                                                                                                                                                                                                   12.00%
                                                                                                                                                                                                                   per
                                                                                                                                                                                                                   annum.
                                                                                                                                                                                                                   The
                                                                                                                                                                                                                   loan
                                                                                                                                                                                                                   is
                                                                                                                                                                                                                   unsecured
                                                                                                                                                                                                                   and
                                                                                                                                                                                                                   is
                                                                                                                                                                                                                   due
                                                                                                                                                                                                                   on
                                                                                                                                                                                                                   demand.
                                                                                                                                                                                                                   Accrued
                                                                                                                                                                                                                   and
                                                                                                                                                                                                                   unpaid
                                                                                                                                                                                                                   interest
                                                                                                                                                                                                                   on
                                                                                                                                                                                                                   the
                                                                                                                                                                                                                   note
                                                                                                                                                                                                                   at
                                                                                                                                                                                                                   March
                                                                                                                                                                                                                   31,
                                                                                                                                                                                                                   2013
                                                                                                                                                                                                                   was
                                                                                                                                                                                                                   $18,297.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The
Company recorded $18,297 and $0 interest expense on the loan for the three months ended March 31, 2013 and 2012, respectively.



| | ii) | As
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    March
                                                                                                                                                                                                                    31,
                                                                                                                                                                                                                    2013
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    has
                                                                                                                                                                                                                    a
                                                                                                                                                                                                                    senior
                                                                                                                                                                                                                    secured
                                                                                                                                                                                                                    promissory
                                                                                                                                                                                                                    note
                                                                                                                                                                                                                    in
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    principal
                                                                                                                                                                                                                    amount
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    $200,000
                                                                                                                                                                                                                    to
                                                                                                                                                                                                                    a
                                                                                                                                                                                                                    related
                                                                                                                                                                                                                    entity.
                                                                                                                                                                                                                    The
                                                                                                                                                                                                                    sole
                                                                                                                                                                                                                    member
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Board
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    Directors
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    significant
                                                                                                                                                                                                                    shareholder
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    is
                                                                                                                                                                                                                    a
                                                                                                                                                                                                                    controlling
                                                                                                                                                                                                                    shareholder
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    related
                                                                                                                                                                                                                    entity.
                                                                                                                                                                                                                    The
                                                                                                                                                                                                                    Company
                                                                                                                                                                                                                    assumed
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    note,
                                                                                                                                                                                                                    along
                                                                                                                                                                                                                    with
                                                                                                                                                                                                                    accrued
                                                                                                                                                                                                                    interest,
                                                                                                                                                                                                                    on
                                                                                                                                                                                                                    February
                                                                                                                                                                                                                    25,
                                                                                                                                                                                                                    2013
                                                                                                                                                                                                                    upon
                                                                                                                                                                                                                    entering
                                                                                                                                                                                                                    into
                                                                                                                                                                                                                    an
                                                                                                                                                                                                                    asset
                                                                                                                                                                                                                    purchase
                                                                                                                                                                                                                    agreement
                                                                                                                                                                                                                    with
                                                                                                                                                                                                                    Crescent
                                                                                                                                                                                                                    Moon.
                                                                                                                                                                                                                    (See
                                                                                                                                                                                                                    Note
                                                                                                                                                                                                                    4)
                                                                                                                                                                                                                    The
                                                                                                                                                                                                                    note
                                                                                                                                                                                                                    accrues
                                                                                                                                                                                                                    interest
                                                                                                                                                                                                                    at
                                                                                                                                                                                                                    16.00%
                                                                                                                                                                                                                    per
                                                                                                                                                                                                                    annum.
                                                                                                                                                                                                                    The
                                                                                                                                                                                                                    note
                                                                                                                                                                                                                    is
                                                                                                                                                                                                                    due
                                                                                                                                                                                                                    on
                                                                                                                                                                                                                    demand
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    secured
                                                                                                                                                                                                                    by
                                                                                                                                                                                                                    all
                                                                                                                                                                                                                    assets
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    Company.
                                                                                                                                                                                                                    Accrued
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    unpaid
                                                                                                                                                                                                                    interest
                                                                                                                                                                                                                    on
                                                                                                                                                                                                                    the
                                                                                                                                                                                                                    note
                                                                                                                                                                                                                    at
                                                                                                                                                                                                                    March
                                                                                                                                                                                                                    31,
                                                                                                                                                                                                                    2013
                                                                                                                                                                                                                    was
                                                                                                                                                                                                                    $44,316.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The
Company recorded $13,151 and $0 interest expense on the note for the three months ended March 31, 2013 and 2012, respectively.



Note
9 Stockholders’ Equity



Stock
Transactions



During
the quarter ended March 31, 2013 the company issued common stock for the following:



The
Company issued a total of 3,000,000 shares of common stock in conjunction with an asset acquisition.



F-16







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



The
Company issued a total of 2,491,000 shares of common stock to various consultants, for services rendered, at a fair value of $1,594,240
($0.64/share).



The
Company issued a total of 502,500 shares of common stock to attorneys and consultants to settle liabilities in the amount of $7,156.



The
Company issued 200,000 shares of common stock to attorneys, for services rendered, at a fair value of $128,000 ($0.64/share).



There
was no stock issued during the quarter ended March 31, 2012.



Stock
to be issued



During
March 2013 the Company accrued a liability relating to 50,000 shares of common stock to be issued to consultants, for services
rendered, at a fair value of $32,000 ($0.64/share).



Note
10 Commitments and Contingencies



Litigations,
Claims and Assessments



The
Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However,
litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise that may harm its business.
The Company is currently not aware of any such legal proceedings or claims that they believe will have, individually or in the
aggregate, a material adverse affect on its business, financial condition or operating results.



Assignment
and Assumption Agreements



On
May 18, 2011, the Company entered into an assignment and assumption agreement (the “Assignment Agreement #1”) with
a member of SnapTagz, LLC and a third party. The member assigned the exclusive right to a patent to the Company. In exchange,
the Company assumed the obligation to pay a 3% royalty on all net profits realized from the monetization of the patent, not to
exceed $310,000. The royalty payments are payable quarterly. In addition, the Company was required to pay a $10,000 royalty prepaid
upon execution of the Assignment Agreement #1.



In
addition, on May 18, 2011, the Company entered into a second assignment and assumption agreement (the “Assignment Agreement
#2”) with a member of SnapTagz, LLC and a third party. The member assigned the exclusive right to a patent to the company.
In exchange, the Company assumed the obligation to pay a 3% royalty on all net profits realized from the monetization of the patent
within the United States of America and territories controlled by the United States of America. The royalty payments are payable
quarterly. The Company is required to pay a minimum royalty of $3,000 for all quarters ended during the 2011 calendar year, $4,000
for all quarters ended during the 2012 calendar year, and $5,000 per quarter thereafter.



F-17







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



License
and Distribution Agreement



On
February 17, 2012, Wired Associates Solutions, Inc. a Nevada corporation (the “Licensor”), entered into a definitive
product license and distribution agreement (the “Agreement”) by and between the Licensor and Crescent Moon Holdings,
LLC., a South Carolina limited liability company that focuses on toy development and distribution (the “Licensee”).
Upon execution of the Agreement, the Company ceased being a “shell company” (as such term is defined in Rule 12b-2
under the Exchange Act).



Pursuant
to the terms of the Agreement, for a one year period the Licensee will market, sell and distribute the Licensor’s consumer
product, SnapTagz, for the benefit of the Licensor (the “Product Line”). As consideration for entering into the Agreement,
Licensee agrees to pay the Licensor 6% of the gross sales of any items of the Product Line which are marketed, sold and distributed
by the Licensee (the “Royalties”). Licensee will make payment to Licensor within thirty days after the end of each
calendar quarter. Additionally, during the one year period commencing on February 17, 2012, Licensee shall pay to Licensor the
minimum sum of $10,000, said amount being payable on the one year anniversary thereof and shall be creditable towards Royalties
due to Licensor.



As
part of the asset purchase agreement with Crescent Moon (Note 4), this licensing agreement was assigned to the Company on February
25, 2013.



Operating
Leases



The
Company currently leases office space in New York City, NY and office and warehouse space in Myrtle Beach, SC on a month to month
basis.



The
lease for office space in New York City, NY calls for monthly payments of $6,500 plus a portion of the operating expenses.



The
lease for office and warehouse space in Myrtle Beach, SC calls for monthly payments of $4,820.



Consulting
Agreements



On
May 13, 2012, the Company entered into a one year consulting agreement with Sandra R. Danon to provide product development services,
guidance on manufacturing logistics, and sales development. The Company will compensate Ms. Danon a base consulting fee of $5,000
per month relating to this agreement. After the second month, Ms. Danon’s fee shall be increased periodically based on incoming
revenues due to her performance. In addition, the Company will issue 150,000 shares of restricted common stock, of which 50,000
shares vested immediately and the remaining shares shall vest quarterly over the initial term of the agreement.



On
December 1, 2012, the Company entered into one year consulting agreement with Josh Ketroser to provide general business consulting
services. The Company will compensate Mr. Ketroser $5,000 per month relating to this agreement.



F-18







Wild
Craze, Inc.

Notes
to Condensed Consolidated Financial Statements

March
31, 2013



On
January 3, 2013, the Company entered into a month to month consulting agreement with MFI Industries (“MFI”) to provide
sales consulting services. The Company will compensate MFI $1,500 per month relating to this agreement.



On
March 12, 2013, the Company entered into a one year consulting agreement with Wave Consulting, Inc. (“WC”) to solicit
potential customers to purchase the Company’s SnapTagz product. The Company will compensate WC as follows;



| | ● | WC
                                                                                                                                                                                                                              shall
                                                                                                                                                                                                                              be
                                                                                                                                                                                                                              paid
                                                                                                                                                                                                                              a
                                                                                                                                                                                                                              commission
                                                                                                                                                                                                                              of
                                                                                                                                                                                                                              5%
                                                                                                                                                                                                                              of
                                                                                                                                                                                                                              the
                                                                                                                                                                                                                              gross
                                                                                                                                                                                                                              sales
                                                                                                                                                                                                                              revenues,
                                                                                                                                                                                                                              less
                                                                                                                                                                                                                              all
                                                                                                                                                                                                                              discounts,
                                                                                                                                                                                                                              allowances
                                                                                                                                                                                                                              and
                                                                                                                                                                                                                              returns
                                                                                                                                                                                                                              generated
                                                                                                                                                                                                                              by
                                                                                                                                                                                                                              WC.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

| | ● | Monthly
                                                                                                                                                                fee
                                                                                                                                                                of
                                                                                                                                                                $2,500
                                                                                                                                                                for
                                                                                                                                                                the
                                                                                                                                                                first
                                                                                                                                                                3
                                                                                                                                                                months
                                                                                                                                                                of
                                                                                                                                                                the
                                                                                                                                                                agreement
                                                                                                                                                                starting
                                                                                                                                                                March
                                                                                                                                                                12,
                                                                                                                                                                2012
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

| | ● | Starting
                                                                                                                                                                the
                                                                                                                                                                fourth
                                                                                                                                                                month
                                                                                                                                                                of
                                                                                                                                                                the
                                                                                                                                                                agreement,
                                                                                                                                                                at
                                                                                                                                                                the
                                                                                                                                                                Consultant’s
                                                                                                                                                                request,
                                                                                                                                                                advances
                                                                                                                                                                on
                                                                                                                                                                commissions
                                                                                                                                                                of
                                                                                                                                                                $2,500
                                                                                                                                                                per
                                                                                                                                                                month,
                                                                                                                                                                starting
                                                                                                                                                                July
                                                                                                                                                                12,
                                                                                                                                                                2013.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

| | ● | 5,000
                                                                                                                                                                common
                                                                                                                                                                stock
                                                                                                                                                                options,
                                                                                                                                                                immediately
                                                                                                                                                                exercisable
                                                                                                                                                                with
                                                                                                                                                                an
                                                                                                                                                                exercise
                                                                                                                                                                price
                                                                                                                                                                of
                                                                                                                                                                $0.75
                                                                                                                                                                and
                                                                                                                                                                a
                                                                                                                                                                term
                                                                                                                                                                of
                                                                                                                                                                24
                                                                                                                                                                months.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

| | ● | The
                                                                                                                                                                Company
                                                                                                                                                                shall
                                                                                                                                                                issue
                                                                                                                                                                additional
                                                                                                                                                                common
                                                                                                                                                                stock
                                                                                                                                                                options
                                                                                                                                                                as
                                                                                                                                                                a
                                                                                                                                                                bonus
                                                                                                                                                                to
                                                                                                                                                                WC,
                                                                                                                                                                based
                                                                                                                                                                on
                                                                                                                                                                Marketing
                                                                                                                                                                and
                                                                                                                                                                Branding
                                                                                                                                                                milestones.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Note
11 Subsequent Events



On
April 05, 2013, the Company filed a Certificate of Designation with the Secretary of State of the State of Nevada, in order to
authorize a series of the Company’s previously authorized preferred stock. The designation of said series of preferred stock
shall be Series A Preferred Stock, no par value per share. Fifty-one shares of Series A Preferred stock shall be authorized with
a stated value equal to $0.001.



F-19







Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.



This
quarterly report on Form 10-Q and other reports filed by Wild Craze, Inc. (the “Company”) from time to time with the
SEC contain or may contain forward-looking statements and information that are (collectively, the “Filings”) based
upon beliefs of, and information currently available to, the Company’s management as well as estimates and assumptions made
by Company’s management. Readers are cautioned not to place undue reliance on these forward-looking statements, which are
only predictions and speak only as of the date hereof. When used in the Filings, the words “anticipate,” “believe,”
“estimate,” “expect,” “future,” “intend,” “plan,” or the negative
of these terms and similar expressions as they relate to the Company or the Company’s management identify forward-looking
statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties,
assumptions, and other factors, including the risks contained in the “Risk Factors” section of the Company’s
Annual Report on Form 10-K/A for the fiscal year ended December 31, 2012, filed with the SEC, relating to the Company’s
industry, the Company’s operations and results of operations, and any businesses that the Company may acquire. Should one
or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may
differ significantly from those anticipated, believed, estimated, expected, intended, or planned.



Although
the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee
future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities
laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements
to actual results.



Our
financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”).
These accounting principles require us to make certain estimates, judgments and assumptions. We believe that the estimates, judgments
and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments
and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities
as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented.
Our financial statements would be affected to the extent there are material differences between these estimates and actual results.
In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s
judgment in its application. There are also areas in which management’s judgment in selecting any available alternative
would not produce a materially different result. The following discussion should be read in conjunction with our consolidated
financial statements and notes thereto appearing elsewhere in this report.



Our
Business and Plan of Operation



Wild
Craze, Inc. is an innovative consumer brands company focused on strategic acquisitions of existing products or companies that
have a proof of concept or currently have revenues in the market. The Company’s initial target acquisitions will be of small
privately held companies which have established brands as well as new ready to market brands that have already incurred R&D
and product development and testing costs, thereby reducing both the expense and time required to bring product to market. The
Company focuses on identifying existing companies that have demonstrated early success, but lack necessary management expertise,
distribution network, or critical mass sufficient to successfully reach the next growth phase.



Wild
Craze’s vision is to build a diversified portfolio of the most innovative products and services that are unique, proprietary,
and on-trend to successfully develop into household brand names in the U.S. and global marketplace. The Company intends to retain
top talent and employees of the targeted acquisition companies in order to prevent a disruption of the proven success that the
product, company and management team has already shown. The Company currently owns SnapTagz®, a new and innovative
toy and fabric accessory. Additionally, we are currently advertising SnapTagz® through the use of our website,
http://www.snaptagz.com. The company is looking to engage in aggressive marketing campaigns surrounding SnapTagz and will
incorporate into celebrity and musicians marketing efforts. We’re looking to secure at least 5 different partnerships in
2013 with different celebrities and athletes, along with identifying strategic licensing opportunities, and launching SnapTagz
into at least one mass retailer.



On
February 25, 2013 the Company closed purchase agreements for respective assets of Crescent Moon Holdings, LLC (“Crescent
Moon”) and Flipoutz, LLC and the Company is currently integrating the products of such companies into its plans. The Company
acquired from Crescent Moon products designed to expand young minds with smart ways to play and bring people closer to nature,
foster personal engagement, and encourage the pursuit of adventure and knowledge, including the award-winning EcoAquariumTM,
a low maintenance, self-sustaining aquarium and eco environment that comes with two African Dwarf Frogs, and the E-bird, a remote
controlled bird with realistic flight simulation. The Company acquired from FlipOutz, LLC the FlipOutz product, bracelets that
can be worn and personalized with FlipOutz coins and also allow users to create custom online profiles, share, and socially network
with other FlipOutz users.



5









Results
of Operations



|                                                 |  | For
    the Three Months Ended March 31, |           
|------------------------------------------------ |  | ---------------------------------------- | ----------
|                                                 |  | 2013                                     |           
|Net sales                                        |  | $                                        | 89,070    
|Gross profit                                     |  | $                                        | 49,021    
|Selling, general and administrative
    expenses |  | $                                        | 2,003,639 
|Loss from operations                             |  | $                                        | (1,954,618
|Other income (expense),
    net                  |  | $                                        | (32,810   
|Net loss                                         |  | $                                        | (1,987,428
|Loss per common share –
    basic and diluted    |  | $                                        | (0.07     



For
the Three Months Ended March 31, 2013 and 2012



The
Company was originally formed in 2003 as a multimedia/marketing company that specializes in the design and creation of effective
marketing products and services, primarily internet based.



Change
in Business Model



During
December 2011 we ceased to engage in the multimedia and marketing industry and acquired the business of SnapTagz, LLC to engage
in the production, distribution and marketing of fabric accessories.



In
February 2013, in-order to further expand and diversify its product lines, the Company acquired assets of Crescent Moon Holdings,
LLC and FlipOutz, LLC.



Crescent Moon Creations
products include mini eco-aquariums that feature live African Dwarf Frogs and toys that inspire play, imagination, and exploration.



FlipOutz
products include bracelets you can wear and personalize, which can then be collected, traded, and tracked online.



Revenue



Net
sales for the three months ended March 31, 2013 were $89,070 as compared to $2 during the corresponding three months ended March
31, 2012. The increase in sales is primarily related to the Company acquiring two new businesses in February 2013. During the
three months ended March 31, 2012 the Company had just begun to market a new product line that was acquired in December 2011.



6









Gross
Profit



Gross
profit for the three months ended March 31, 2013 was $49,021 as compared to $1 during the corresponding three months ended March
31, 2012. The increase in gross profit is primarily related to the Company acquiring two new businesses in February 2013. During
the three months ended March 31, 2012 the Company had just begun to market a new product line that was acquired in December 2011.



Selling,
General and Administrative Expenses



Selling,
general and administrative expenses for the three months ended March 31, 2013 were $2,003,639 as compared to $70,511 during the
corresponding three months ended March 31, 2012. The increase in selling, general and administrative expenses is primarily related
approximate increases in expenses as follows: legal and professional fees of $89,000, payroll related expenses of $23,000, increase
in rent, insurance and overhead expenses of $55,000, depreciation and amortization of $4,700 and bad debt of $4,800; all primarily
due to the Company acquiring two new businesses. The Company also had an increase in stock based compensation expense of $1,722,240
during the three months ended March 31, 2013.



Loss
from Operations



Loss
from operations for the three months ended March 31, 2013 was $1,954,618 as compared to $70,510 during the corresponding three
months ended March 31, 2012. The increase in loss was primarily attributable to the increase in selling, general and administrative
expenses as detailed above, partially offset by an increase in gross profit.



Other
Income (Expense), net



Other
Income (expense), net for the three months ended March 31, 2013 was $(32,810) as compared to $(2,920) during the corresponding
three months ended March 31, 2012. Other expense, net was primarily attributable to interest expense on convertible notes and
related party loans. Interest expense was $(35,952) during the three months ended March 31, 2013 as compared to $(2,920) during
the corresponding three months ended March 31, 2012.



Net
Loss



Net
Loss for the three months ended March 31, 2013 was $(1,987,428) as compared to $(73,430) during the corresponding three months
ended March 31, 2012. The increase in net loss was primarily attributable to the increase in selling, general and administrative
and other expenses as detailed above, partially offset by an increase in gross profit.



Inflation
did not have a material impact on the Company’s operations for the period. Other than the foregoing, management knows of
no trends, demands, or uncertainties that are reasonably likely to have a material impact on the Company’s results of operations.



Liquidity
and Capital Resources



The
following table summarizes total current assets, liabilities and working capital deficit at March 31, 2013 and December 31, 2012.



|                        |  | March
    31, 2013 |            |   | December
    31, 2012 |  
|----------------------- |  | ------------------ | ---------- | - | --------------------- | -
|Current Assets          |  | $                  | 382,332    |   |                       | $
|Current Liabilities     |  | $                  | (1,224,889 | ) |                       | $
|Working Capital Deficit |  | $                  | (842,557   | ) |                       | $



7







At
March 31, 2013 we had a working capital deficit of $(842,557), as compared to a working capital deficit of $(523,939), at December
31, 2012, an increase of $317,618. The increase is primarily related to an increase in related party loans in order to fund operating
activities and an increase in accrued legal and professional fees related to asset acquisitions during the three months ended
March 31, 2013.



Going
Concern



As
reflected in the accompanying condensed consolidated financial statements, the Company had a net loss and net cash used in operations
for the three months ended March 31, 2013, and a working capital deficit at March 31, 2013. These factors raise substantial doubt
about the Company’s ability to continue as a going concern.



The
Company expects its current resources to be insufficient for a period of approximately 12 months unless additional financing is
received. Management has determined that additional capital will be required in the form of equity or debt securities. In addition,
if we cannot raise additional short term capital we will be forced to continue to further accrue liabilities due to our limited
cash reserves. There are no assurances that management will be able to raise capital on terms acceptable to the Company. If we
are unable to obtain sufficient amounts of additional capital, we may be required to reduce the scope of our planned development,
which could harm our business, financial condition and operating results. If we obtain additional funds by selling any of our
equity securities or by issuing common stock to pay current or future obligations, the percentage ownership of our stockholders
will be reduced, stockholders may experience additional dilution, or the equity securities may have rights preferences or privileges
senior to the common stock. If adequate funds are not available to us when needed on satisfactory terms, we may be required to
cease operating or otherwise modify our business strategy.



Our
ability to continue as a going concern is dependent upon our ability to generate future profitable operations and/or to obtain
the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come
due. Our management has no formal plan in place to address this concern but considers that we will be able to obtain additional
funds by equity financing and/or related party advances; however there is no assurance of additional funding being available.



For
the Three Months Ended March 31, 2013 and 2012



Net
cash used in operating activities for the three months March 31, 2013 and 2012 was $(162,689) and $(72,281), respectively. The
net loss for the three months March 31, 2013 and 2012 was $(1,987,428) and $(73,430), respectively. Cash used in operating activities
for the three months March 31, 2013 was primarily for legal and professional fees, inventory purchases, payroll and payroll related
expenses, travel related expenses and royalty expenses. Cash used in operating activities for the three months March 31, 2012
was primarily for legal and professional fees, travel related expenses and royalty expenses.



Net
cash used in all investing activities for the three months March 31, 2013 and 2012, was $(99,036) and $0, respectively. Cash obtained
through investing activities for three months March 31, 2013 consisted of repayments of notes receivable of $460 and cash acquired
in an asset acquisition of $504. Cash used through investing activities for the three months March 31, 2013 consisted of cash
paid of $(100,000) in the acquisition of the assets of Crescent Moon.



Net
cash obtained through all financing activities for the three months March 31, 2013 and 2012, was $298,088 and $100,759, respectively.
Cash obtained through financing activities for three months March 31, 2013 consisted of net proceeds from related party loans
to the company of $318,088. Cash obtained through financing activities for three months ended March 31, 2012 consisted of net
proceeds from related party loans to the company of $147,518.



During
the three months March 31, 2013 loans in the amount of $20,000 were repaid.



During
the three months March 31, 2012 related party loans in the amount of $46,759 were repaid.



8









Off-Balance
Sheet Arrangements



As
of March 31, 2013, the Company had no off-balance sheet arrangements.



Critical
Accounting Policies



Our
financial statements and related public financial information are based on the application of accounting principles generally
accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective
interpretations of accounting principles that have an impact on the assets, liabilities, revenues and expense amounts reported.
These estimates can also affect supplemental information contained in our external disclosures including information regarding
contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP
and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions
that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different
assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.



Our
significant accounting policies are summarized in Note 2 of our financial statements. While all these significant accounting policies
impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined to
be critical are those policies that have the most significant impact on our financial statements and require management to use
a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given
current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause
effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.



We
believe the following critical accounting policies and procedures, among others, affect our more significant judgments and estimates
used in the preparation of our consolidated financial statements:



Principles
of consolidation



All
significant intercompany accounts and transactions have been eliminated in consolidation.



Use
of Estimates



The
preparation of condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles requires
management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements
and accompanying notes.



Making
estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect
of a condition, situation or set of circumstances that existed at the date of the condensed consolidated financial statements,
which management considered in formulating its estimate could change in the near term due to one or more future confirming events.
Accordingly, the actual results could differ significantly from estimates.



Fair
Value of Financial Instruments



The
Company follows ASC 820-10 of the FASB Accounting Standards Codification to measure the fair value of its financial instruments
and disclosures about fair value of its financial instruments. ASC 820-10 establishes a framework for measuring fair value in
accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value
measurements. To increase consistency and comparability in fair value measurements and related disclosures, ASC 820-10 establishes
a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.
The three (3) levels of fair value hierarchy defined by ASC 820-10 are described below:



|Level 1 |  | Quoted
    market prices available in active markets for identical assets or liabilities as of the reporting date.
|------- |  | ------------------------------------------------------------------------------------------------------------------



|Level 2 |  | Pricing
    inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable
    as of the reporting date.
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |  |                                                                                                                                                                    
|Level 3 |  | Pricing
    inputs that are generally unobservable inputs and not corroborated by market data.                                                                     



9







Financial
assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or
similar techniques and at least one significant model assumption or input is unobservable.



The
fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities
and the lowest priority to unobservable inputs. If the inputs used to measure the financial assets and liabilities fall within
more than one level described above, the categorization is based on the lowest level input that is significant to the fair value
measurement of the instrument.



The
carrying amounts of the Company’s financial assets and liabilities, such as cash, prepaid expenses, notes receivable and
other current assets, accounts payable and accrued liabilities approximate their fair values because of the short maturity of
these instruments.



We
have determined that it is not practical to estimate the fair value of our notes payable because of their unique nature and the
costs that would be incurred to obtain an independent valuation. We do not have comparable outstanding debt on which to base an
estimated current borrowing rate or other discount rate for purposes of estimating the fair value of the notes payable and we
have not been able to develop a valuation model that can be applied consistently in a cost efficient manner. These factors all
contribute to the impracticability of estimating the fair value of the notes payable.



Transactions
involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of
competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply
that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions
unless such representations can be substantiated.



It
is not, however, practical to determine the fair value of advances from stockholders due to their related party nature.



Share-Based
Payments



Generally,
all forms of share-based payments, including stock option grants, warrants, restricted stock grants and stock appreciation rights
are measured at their fair value on the awards’ grant date, based on the estimated number of awards that are ultimately
expected to vest. Share-based compensation awards issued to non-employees for services rendered are recorded at either the fair
value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The expense
resulting from share-based payments is recorded as general and administrative expense.



Revenue



The
Company records revenue for products when all of the following have occurred: (1) persuasive evidence of an arrangement exists,
(2) the product is delivered, (3) the sales price to the customer is fixed or determinable, and (4) collectability of the related
customer receivable is reasonably assured. There is no stated right of return for products.

The
Company meets these criteria upon shipment.



Recent
Accounting Pronouncements



There
are no recent accounting pronouncements that are expected to have an effect on our condensed consolidated financial statements.



10







Item
3. Quantitative and Qualitative Disclosures About Market Risk.



We
do not hold any derivative instruments and do not engage in any hedging activities.



Item
4. Controls and Procedures.



(a)
Evaluation of Disclosure Controls and Procedures.



In
connection with the preparation of this Quarterly Report on Form 10-Q for the quarter ended March 31, 2013, our Principal Executive
Officer (“PEO”) and Principal Financial Officer (“PFO”) evaluated the effectiveness of our disclosure
controls and procedures as of the end of the period covered by this report. Based on that evaluation, our PEO and PFO concluded
that our disclosure controls and procedures as of the end of the period covered by this report were not effective such that the
information required to be disclosed by us in reports filed under the Exchange Act is (i) recorded, processed, summarized and
reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to our Chief
Executive Officer and Principal Financial Officer, as appropriate to allow timely decisions regarding disclosure. A controls system
cannot provide absolute assurance, however, that the objectives of the controls system are met, and no evaluation of controls
can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.



(b)
Changes in Internal Control over Financial Reporting.



There
were no changes in our internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange
Act, during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect,
our internal control over financial reporting.



11









PART
II - OTHER INFORMATION



Item
1. Legal Proceedings.



We
are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or
results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government
agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company or any of our
subsidiaries, threatened against or affecting our company, our common stock, any of our subsidiaries or of our companies or our
subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse
effect.



Item
1A. Risk Factors.



We
believe there are no changes that constitute material changes from the risk factors previously disclosed in our Annual Report
on Form 10-K/A for the fiscal year ended December 31, 2012, filed with the SEC on April 24, 2013.



Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.



There
were no unregistered sales of the Company’s equity securities during the quarter ended March 31, 2013, other than those
previously reported in a Current Report on Form 8-K.



Item
3. Defaults Upon Senior Securities.



There
has been no default in the payment of principal, interest, sinking or purchase fund installment, or any other material default,
with respect to any indebtedness of the Company.



Item
4. Mine Safety Disclosures.



Not
applicable.



Item
5. Other Information.



There
is no other information required to be disclosed under this item which has not been previously disclosed.



Item
6. Exhibits.



|Exhibit
    No. |  | Description                                                                                                                                            
|--------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------
|                |  |                                                                                                                                                        
|31.1            |  | Certification
    of Principal Executive Officer, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 302 of 2002*                              
|                |  |                                                                                                                                                        
|31.2            |  | Certification
    of Principal Financial Officer, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 302 of 2002*                              
|                |  |                                                                                                                                                        
|32.1            |  | Certification
    of Principal Executive Officer, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
    2002*
|                |  |                                                                                                                                                        
|32.2            |  | Certification
    of Principal Financial Officer, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
    2002*





|101.INS |  | XBRL Instance Document*                                
|------- |  | -------------------------------------------------------
|101.SCH |  | XBRL Taxonomy Extension Schema Document*               
|101.CAL |  | XBRL Taxonomy Extension Calculation Linkbase Document* 
|101.DEF |  | XBRL Taxonomy Extension Definition Linkbase Document*  
|101.LAB |  | XBRL Taxonomy Extension Label Linkbase Document*       
|101.PRE |  | XBRL Taxonomy Extension Presentation Linkbase Document*





*
filed herewith



12









SIGNATURES



Pursuant
to the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.



|                       | WILD
    CRAZE, INC.
|---------------------- | --------------------
|                       |                     
|Date:
    May 20, 2013 | By:                 
|                       | Name:               
|                       | Title:              
|                       |                     



13