----

----

| x                                                              | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934     |
|----------------------------------------------------------------|-----------------------------------------------------------------------------------------------|
|                                                           |                                                                                          |
| For the fiscal year ended: December 31, 2010                   |
|                                                           |
| or                                                             |
|                                                           |                                                                                          |
| o                                                              | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|                                                           |                                                                                          |
| For the transition period from: _____________ to _____________ |

| Nevada                            |   | 001-28099    |   | 77-0571784          |
|-----------------------------------|--------|--------------|--------|---------------------|
| (State or Other Jurisdiction      |   | (Commission  |   | (I.R.S. Employer    |
| of Incorporation or Organization) |   | File Number) |   | Identification No.) |

| Securities registered pursuant to Section 12(b) of the Act: |
|-------------------------------------------------------------|
|                                                        |   |   |
| Title of each class                                         |   | Name of each exchange on which registered |
| none                                                        |   | none |

|                                                        |             |   |
|-------------------------------------------------------------|------------------|--------|
| Securities registered pursuant to Section 12(g) of the Act: |
|                                                        |             |   |
| Common Stock $0.001 Par Value                               |
|                                                        | (Title of Class) |   |

| Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.                                                                                                                                                                                                                                                                 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                         | o |  Yes | x |  No |
|                                                                                                                                                                                                                                                                                                                                                                                         |
| Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                         | o |  Yes | x |  No |
|                                                                                                                                                                                                                                                                                                                                                                                         |
| 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 preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                                     |
|                                                                                                                                                                                                                                                                                                                                                                                         | o |  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). |
|                                                                                                                                                                                                                                                                                                                                                                                         | o |  Yes | x |  No |
|                                                                                                                                                                                                                                                                                                                                                                                         |
| Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.                  |
|                                                                                                                                                                                                                                                                                                                                                                                         | x |   |
|                                                                                                                                                                                                                                                                                                                                                                                         |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |
| Large accelerated filer                                                                                                                                                                                                                                                                                                                                                                      | o |   |   | Accelerated filer | o |   |
| Non-accelerated filer                                                                                                                                                                                                                                                                                                                                                                        | o |   |   | Smaller reporting company | x |   |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).                                                                                                                                                                                                                                                                                      | x |  Yes | o |  No |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |
| As of June 30, 2011 the aggregate value of the voting common stock held by non-affiliates of the registrant was approximately $1,879,000 based on the closing market price of the registrants common stock of $0.11 on that day.                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                         |
| As of October 15, 2012 there were 23,422,663 shares outstanding with a par value of $0.001.                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                         |
| APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY                                                                                                                                                                                                                                                                                                                                        |
| PROCEEDINGS DURING THE PRECEDING FIVE YEARS:                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                         |
| Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                         | o |  Yes | o |  No |

----

----

----

|            |                                                                                                               |   | Page   |   |
|-----------------|--------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| PART I          |                                                                                                               |   |   |   |
|            |                                                                                                               |   |   |   |
| Item 1.         | Business                                                                                                           |   | 3      |   |
| Item 1A.        | Risk Factors                                                                                                       |   |   | 6      |   |
| Item 1B.        | Unresolved Staff Comments                                                                                          |   |   | 6      |   |
| Item 2.         | Properties                                                                                                         |   |   | 6      |   |
| Item 3.         | Legal Proceedings                                                                                                  |   |   | 6      |   |
| Item 4.         | Submission of Matters to a Vote of Security Holders                                                                |   |   | 6      |   |
|            |                                                                                                               |   |   |   |   |
| PART II         |                                                                                                               |   |   |   |   |
|            |                                                                                                               |   |   |   |   |
| Item 5.         | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |   |   | 7      |   |
| Item 6.         | Selected Financial Data                                                                                            |   |   | 7      |   |
| Item 7.         | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        |   |   | 8      |   |
| Item 7A.        | Quantitative and Qualitative Disclosures about Market Risk                                                         |   |   | 10     |   |
| Item 8.         | Financial Statements and Supplementary Data                                                                        |   |   | 10     |   |
| Item 9.         | Changes in and Disagreements With Accountants on Accounting and Financial Disclosures                              |   |   | 10     |   |
| Item 9A(T).     | Controls and Procedures                                                                                            |   |   | 10     |   |
| Item 9B         | Other Information                                                                                                  |   |   | 11     |   |
|            |                                                                                                               |   |   |   |   |
| PART III        |                                                                                                               |   |   |   |   |
|            |                                                                                                               |   |   |   |   |
| Item 10.   | Directors, Executive Officers and Corporate Governance                                                             |   |   | 12     |   |
| Item 11.        | Executive Compensation                                                                                             |   |   | 13     |   |
| Item 12.        | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                     |   |   | 13     |   |
| Item 13.        | Certain Relationships and Related Transactions, and Director Independence                                          |   |   | 14     |   |
| Item 14.        | Principal Accounting Fees and Services.                                                                            |   |   | 14     |   |
| Item 15.        | Exhibits, Financial Statement Schedules                                                                            |   |   | 15     |   |
| SIGNATURES      |                                                                                                               |   | 17     |   |

----

----

| ·   | Potential for growth and profitability, indicated by new technology, anticipated market expansion, or new products; |
|--------------------|---------------------------------------------------------------------------------------------------------------------|

| ·   | Our perception of how any particular business opportunity will be received by the investment community and by our stockholders; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------|

| ·   | Whether, following the business combination, the financial condition of the business opportunity would be, or would have a significant prospect in the foreseeable future of becoming sufficient to enable our securities to qualify for listing on a exchange or on a national automated securities quotation system, such as the stock market. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Capital requirements and anticipated availability of required funds, to be provided by us or from operations, through the sale of additional securities, through joint ventures or similar arrangements, or from other sources; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The extent to which the business opportunity can be advanced; |
|--------------------|---------------------------------------------------------------|

| ·   | Competitive position as compared to other companies of similar size and experience within the industry segment as well as within the industry as a whole; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Strength and diversity of existing management, or management prospect that are scheduled for recruitment; |
|--------------------|-----------------------------------------------------------------------------------------------------------|

| ·   | The cost of our participation as compared to the perceived tangible and intangible values and potential; and |
|--------------------|--------------------------------------------------------------------------------------------------------------|

| ·   | The accessibility of required management expertise, personnel, raw materials, services, professional assistance, and other required items. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| Common Stock         |   | High   |   |   | Low    |   |
|----------------------|--------|--------|--------|--------|--------|--------|
|                 |   |   |   |   |   |   |
| 2010                 |   |   |   |   |   |   |
| First Quarter        |   | $      | .14    |   |   | $      | .0825 |   |
| Second Quarter       |   |   | .18    |   |   |   | .06 |   |
| Third Quarter   |   |   | .25    |   |   |   | .12 |   |
| Fourth Quarter       |   |   | .24    |   |   |   | .09 |   |
|                 |   |   |   |   |   |   |   |   |
| 2009                 |   |   |   |   |   |   |   |   |
| First Quarter        |   | $      | .019   |   |   | $      | .006 |   |
| Second Quarter       |   |   | .095   |   |   |   | .01 |   |
| Third Quarter   |   |   | .25    |   |   |   | .10 |   |
| Fourth Quarter       |   |   | .20    |   |   |   | .10 |   |

----

----

----

----

| a.   | The deficiency was identified as the Company’s limited segregation of duties amongst the Company’s employees with respect to the Company’s control activities. This deficiency is the result of the Company’s limited number of employees. This deficiency may affect management’s ability to determine if errors or inappropriate actions have taken place.  Management is required to apply its judgment in evaluating the cost-benefit relationship of possible changes in our disclosure controls and procedures. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | The deficiency was identified with respect to the Company’s Board of Directors.  This deficiency is the result of the Company’s limited number of external board members.  This deficiency may give the impression to the investors that the board is not independent from management.  Management and the Board of Directors are required to apply their judgment in evaluating the cost-benefit relationship of possible changes in the organization of the Board of Directors. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name         |   | Age |   | Position(s)                                  |
|--------------|--------|-----|--------|----------------------------------------------|
| Paul Goodman |   | 49  |   | President, Secretary, Treasurer and Director |

|   | · | any breach of the director's duty of loyalty to us or our stockholders, |
|--------|--------|-------------------------------------------------------------------------|

|   | · | acts or omission not in good faith or that involve intentional misconduct or a knowing violation of law, |
|--------|--------|----------------------------------------------------------------------------------------------------------|

|   | · | payments of dividends or approval of stock repurchases or redemptions that are prohibited by Delaware law, or |
|--------|--------|---------------------------------------------------------------------------------------------------------------|

|   | · | any transaction from which the director derives an improper personal benefit. |
|--------|--------|-------------------------------------------------------------------------------|

----

| Name and Address of Beneficial Owners              |   | Number ofShares ofCommon Stock(1) |      |   | Percentageof Class |   |
|----------------------------------------------------|--------|-----------------------------------|-----------|--------|--------------------|--------|
| Officers and Directors                             |   |                              |      |   |               |   |
|                                               |   |                              |      |   |               |   |
| Paul Goodman                                       |   |                              | 140,000   |   |               |   | * |   |
|                                               |   |                              |      |   |               |   |   |   |
| All officers and directors as a group (one person) |   |                              | 140,000   |   |               |   | * |   |
|                                               |   |                              |      |   |               |   |   |   |
| Baytree Capital Associates, LLC                    |   |                              | 6,200,000 | (2)    |               |   | 30.5 | % |

|   | * - Less than 1.0% |
|--------|--------------------|

----

| (1) | Unless otherwise indicated, we believe that all persons named in the table have sole voting and investment power with respect to all securities beneficially owned by them. Beneficial ownership exists when a person has either the power to vote or sell our Common Stock.  A person is deemed to be the beneficial owner of securities that can be acquired by such person within 60 days whether upon the exercise of options, warrants or otherwise.   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes shares of Common Stock held by Michael Gardner. Mr. Gardner is the managing member of Baytree Capital Associates, LLC. |
|-----|---------------------------------------------------------------------------------------------------------------------------------|

----

|   | (a) | Documents filed as part of the report. |
|--------|-----|----------------------------------------|

|   | (1) | All Financial Statements  Balance Sheets at December 31, 2010 and 2009 Statements of Operations for the Years Ended December 31, 2010 and 2009 Statement of Stockholders’ Equity for Years Ended December 31, 2010 and 2009 Statements of Cash Flows for Years Ended December 31, 2010 and 2009 |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Financial Statements Schedule |
|--------|-----|-------------------------------|

|   | (3) | Exhibits |
|--------|-----|----------|

----

| Exhibit Number |                           | Description                                                                                                                    |
|----------------|--------------------------------|--------------------------------------------------------------------------------------------------------------------------------|
|           |       |                                                                                                                           |
| 3.1            |                           | Articles of Incorporation of the Registrant.*                                                                                  |
|           |                           |                                                                                                                           |
| 3.2            |                           | Certificate of Amendment to the Articles of Incorporation of the Registrant.*                                                  |
|           |                           |                                                                                                                           |
| 3.3            |                           | By-Laws of Registrant.*                                                                                                        |
|           |                           |                                                                                                                           |
| 4.1            |                           | Form of Common Stock Certificate *                                                                                             |
|           |                           |                                                                                                                           |
| 14             |                           | Code of Ethics.**                                                                                                              |
|           |                           |                                                                                                                           |
| 21.1           |                           | Subsidiaries of Registrant                                                                                                     |
|           |                           |                                                                                                                           |
| 31             |                           | CEO and CFO certifications required under Section 302 of the Sarbanes-Oxley Act of 2002                                        |
|           |                           |                                                                                                                           |
| 32             |                           | CEO and CFO certifications required under Section 906 of the Sarbanes-Oxley Act of 2002                                        |
|           |                           |                                                                                                                           |
| *              |                           | Incorporated into this Report by reference to the Registrant's Registration Statement on Form 10 dated November 15, 1999.      |
|           |                           |                                                                                                                           |
| **             |                           | Incorporated into this Report by reference to Exhibit 99 to the Registrant's Annual Report on Form-10KSB filed April 14, 2005. |
|           |                           |                                                                                                                           |
| ***            |                           | Incorporated into this Report by reference to the Registrant's Annual Report on Form-10KSB filed April 12, 2007.               |

----

|           | BAY ACQUISITION CORP. |                                                                   |
|--------------------------------------------------------|-----------------------|------------------------------------------------------------------------|
|                                              |                  |                                                                   |   |
| Date: October 19, 2012                                 | By:         | /s/ Paul Goodman                                                       |   |
|                                                   |                  | Paul Goodman                                                           |   |
|                                                   |                  | President (Principal Executive Officer andPrincipal Financial Officer) |   |

| Signature        |   | Title    |   | Date             |
|------------------|--------|----------|--------|------------------|
|             |   |     |   |             |
| /s/ Paul Goodman |   | Director |   | October 19, 2012 |
| Paul Goodman     |   |     |   |             |

----

|                                                                                   |   | Page   |   |
|----------------------------------------------------------------------------------------|--------|--------|--------|
|                                                                                   |   |   |   |
| Report of Independent Registered Public Accounting Firm                                |   | F-2    |   |
|                                                                                   |   |   |   |
| Financial Statements:                                                                  |   |   |   |
|                                                                                   |   |   |   |
| Balance Sheets as of December 31, 2010 and 2009                                        |   | F-3    |   |
|                                                                                   |   |   |   |   |
| Statement of Operations for the years ended December 31, 2010 and 2009                 |   |   | F-4    |   |
|                                                                                   |   |   |   |   |
| Statement of Shareholders’ Equity for the years ended December 31, 2010 and 2009 |   |   | F-5    |   |
|                                                                                   |   |   |   |   |
| Statements of Cash Flows for the years ended December 31, 2010 and 2009                |   |   | F-6    |   |
|                                                                                   |   |   |   |   |
| Notes to Financial Statements                                                          |   |   | F-7    |   |

----

| /s/ Friedman LLP                         |   |
|------------------------------------------|--------|
| East Hanover, New JerseyOctober 19, 2012 |   |

----

|                                                                                                                                            |   | 2010   |   |   | 2009   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                            |   |   |   |   |   |   |
| Assets                                                                                                                                          |   |   |   |   |   |   |
| Current assets:                                                                                                                                 |   |   |   |   |   |   |
| Cash                                                                                                                                            |   | $      | 1      |   |   | $      | 4 |   |
| Loan to shareholder                                                                                                                             |   |   | 157    |   |   |   | 171 |   |
| Interest receivable                                                                                                                             |   |   | 24     |   |   |   | 11 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Total current assets                                                                                                                            |   |   | 182    |   |   |   | 186 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Total assets                                                                                                                                    |   | $      | 182    |   |   | $      | 186 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Liabilities and Shareholders' Equity                                                                                                            |   |   |   |   |   |   |   |   |
| Current liabilities:                                                                                                                            |   |   |   |   |   |   |   |   |
| Trade payables                                                                                                                                  |   | $      | 52     |   |   | $      | 36 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Total current liabilities                                                                                                                       |   |   | 52     |   |   |   | 36 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Commitments and contingencies                                                                                                                   |   |   |   |   |   |   |   |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Shareholders' equity:                                                                                                                           |   |   |   |   |   |   |   |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Common stock $0.001 par value; 100,000,000 shares authorized, 23,422,663 issued and outstanding at December 31, 2010 and December 31, 2009 |   |   | 23     |   |   |   | 23 |   |
| Additional paid-in capital                                                                                                                      |   |   | 14,247 |   |   |   | 14,247 |   |
| Treasury stock (32,899,667 shares)                                                                                                              |   |   | (4,957 | )      |   |   | (4,957 | ) |
| Accumulated deficit                                                                                                                             |   |   | (9,183 | )      |   |   | (9,163 | ) |
| Accumulated other comprehensive income                                                                                                          |   |   | -      |   |   |   | - |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Total shareholders' equity                                                                                                                      |   |   | 130    |   |   |   | 150 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |
| Total liabilities and shareholders' equity                                                                                                      |   | $      | 182    |   |   | $      | 186 |   |

----

|                                                  |   | Year Ended  |       |
|-------------------------------------------------------|--------|-------------|------------|
|                                                  |   | December 31 |       |   | December 31 |   |
|                                                  |   | 2010        |       |   | 2009 |   |
|                                                  |   |        |       |   |   |   |
| Revenue                                               |   | $           | -          |   |   | $ | - |   |
|                                                  |   |        |       |   |   |   |   |   |
| Cost of revenue                                       |   |        | -          |   |   |   | - |   |
|                                                  |   |        |       |   |   |   |   |   |
| Gross profit                                          |   |        | -          |   |   |   | - |   |
|                                                  |   |        |       |   |   |   |   |   |
| General and administrative expenses                   |   |        | 33         |   |   |   | 60 |   |
|                                                  |   |        |       |   |   |   |   |   |
| Operating loss                                        |   |        | (33        | ) |   |   | (60 | ) |
|                                                  |   |        |       |   |   |   |   |   |
| Interest income (expense), net                        |   |        | 13         |   |   |   | 11 |   |
|                                                  |   |        |       |   |   |   |   |   |
| Loss before income taxes                              |   |        | (20        | ) |   |   | (49 | ) |
|                                                  |   |        |       |   |   |   |   |   |
| Provision for income taxes                            |   |        | -          |   |   |   | - |   |
|                                                  |   |        |       |   |   |   |   |   |
| Net loss applicable to common shares                  |   | $           | (20        | ) |   | $ | (49 | ) |
|                                                  |   |        |       |   |   |   |   |   |
| Net loss per share - Basic and Diluted                |   | $           | (0.00      | ) |   | $ | (0.00 | ) |
|                                                  |   |        |       |   |   |   |   |   |
| Weighted average shares outstanding Basic and Diluted |   |        | 23,422,663 |   |   |   | 23,422,663 |   |

----

|                      |   |   |       |   |   |   |   | Additional |   |   |     |   |   |        |   |   | Other         |   |   |          |   |   |   |   |
|---------------------------|--------|--------|------------|--------|--------|--------|--------|------------|--------|--------|----------|--------|--------|-------------|--------|--------|---------------|--------|--------|---------------|--------|--------|--------|--------|
|                      |   | Common |       |   | Par    |   |   | Paid-in    |   |   | Treasury |   |   | Accumulated |   |   | Comprehensive |   |   | Comprehensive |   |   |   |   |
|                      |   | Stock  |       |   | Value  |   |   | Capital    |   |   | Stock    |   |   | Deficit     |   |   | Income (loss) |   |   | Income (loss) |   |   | Total  |   |
|                      |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |
| Balance January 1, 2009   |   |   | 23,422,663 |   |   | $      | 23     |       |   | $      | 14,247   |   |   | $           | (4,957 | )      |          | $      | (9,114 | )             |   | $      | -      |   |   |   |   |   | $ | 199 |   |
|                      |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                  |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   | (49    | )             |   |   |   |   |   | $ | (49 | ) |   |   | (49 | ) |
|                      |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Translation adjustment    |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   | -      |   |   |   | - |   |   |   | - |   |
|                      |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive loss        |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   | $ | (49 | ) |   |   |   |   |
|                      |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2009 |   |   | 23,422,663 |   |   | $      | 23     |       |   | $      | 14,247   |   |   | $           | (4,957 | )      |          | $      | (9,163 | )             |   | $      | -      |   |   |   |   |   |   | $ | 150 |   |
|                      |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                  |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   | (20    | )             |   |   |   |   |   |   | (20 | ) |   |   | (20 | ) |
|                      |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Translation adjustment    |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   | -      |   |   |   | - |   |   |   | - |   |
|                      |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive loss        |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   | $ | (20 | ) |   |   |   |   |
|                      |   |   |       |   |   |   |   |       |   |   |     |   |   |        |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance December 31, 2010 |   |   | 23,422,663 |   |   | $      | 23     |       |   | $      | 14,247   |   |   | $           | (4,957 | )      |          | $      | (9,183 | )             |   | $      | -      |   |   |   |   |   |   | $ | 130 |   |

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|                                                                                        |   | Year Ended   |   |
|---------------------------------------------------------------------------------------------|--------|--------------|--------|
|                                                                                        |   | December 31, |   |   | December 31, |   |
|                                                                                        |   | 2010         |   |   | 2009 |   |
| Cash flows from operating activities:                                                       |   |         |   |   |   |   |
|   Net loss                                                                        |   | $            | (20    | ) |   | $ | (49 | ) |
|   Adjustments to reconcile net loss to net cash provided by operating activities: |   |         |   |   |   |   |   |   |
|   Increase in interest receivable                                                 |   |         | (13    | ) |   |   | (11 | ) |
|   Increase in accounts payable                                                    |   |         | 16     |   |   |   | 20 |   |
| Net cash (used in) operating activities                                                     |   |         | (17    | ) |   |   | (40 | ) |
|                                                                                        |   |         |   |   |   |   |   |   |
| Cash flows from financing activities:                                                       |   |         |   |   |   |   |   |   |
|   Repayment by (loan to) stockholder                                              |   |         | 14     |   |   |   | (171 | ) |
|                                                                                        |   |         |   |   |   |   |   |   |
| Net decrease in cash                                                                        |   |         | (3     | ) |   |   | (211 | ) |
| Cash at beginning of period                                                                 |   |         | 4      |   |   |   | 215 |   |
|                                                                                        |   |         |   |   |   |   |   |   |
| Cash at end of period                                                                       |   | $            | 1      |   |   | $ | 4 |   |
|                                                                                        |   |         |   |   |   |   |   |   |
|                                                                                        |   |         |   |   |   |   |   |   |
| Supplemental Cash Flow Information                                                          |   |         |   |   |   |   |   |   |
| During the period, cash was paid for the following:                                         |   |         |   |   |   |   |   |   |
|     Interest                                                            |   | $            | -      |   |   | $ | - |   |
|     Income taxes                                                        |   | $            | -      |   |   | $ | - |   |

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|                             |   | December 31, |       |
|----------------------------------|--------|--------------|------------|
|                             |   | 2010         |       |   | 2009 |   |
| Deferred tax asset:              |   |         |       |   |   |   |
|                             |   |         |       |   |   |   |
| Net operating loss carryforwards |   | $            | 3,673,000  |   |   | $ | 3,207,000 |   |
| Less: Valuation allowance        |   |         | (3,673,000 | ) |   |   | (3,207,000 | ) |
|                             |   |         |       |   |   |   |   |   |
| Net Deferred Tax Asset           |   | $            | -          |   |   | $ | - |   |

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