| Colorado                                      |   | 20-5566275            |
|-----------------------------------------------|--------|-----------------------|
| (State of other jurisdictionof incorporation) |   | (IRS Employer ID No.) |

| Large accelerated filer  [  ]                                            | Accelerated filer  [  ] |
|----------------------------------------------------------------------------------------------|---------------------------------------------|
| Non-accelerated filer  [  ] (Do not check if asmaller reporting company) | Smaller reporting company  [X]    |

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|     |                                                                                                                                                                                         | Page No.        |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|
|     |                                                                                                                                                                                         |            |
| Item 1.  | Financial Statements                                                                                                                                                                         | 3               |
|     |   Consolidated Balance Sheet as of June 30, 2010 (unaudited)                                                                                                                       | F-1             |
|     |   Unaudited Consolidated Statement of Operations for the Six Month PeriodEnded June 30, 2010 and for the Period beginning August17, 2009 (Inception) through June 30, 2010         |   F-2 |
|     |   Unaudited Consolidated Statement of Cash Flows for the for the Six MonthPeriod Ended June 30, 2010 and for the Periodbeginning August 17, 2009 (Inception) through June 30, 2010 |   F-3 |
|     |   Unaudited Consolidated Statement of Shareholders’ Equity                                                                                                                   | F-4             |
|     |   Notes to Consolidated Financial Statements                                                                                                                                       | F-5             |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and     Results of Operations/Plan of Operation.                                                  |  8         |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk.                                                                                                                                  | 13              |
| Item 4.  | Controls and Procedures.                                                                                                                                                                     | 13              |
|     |                                                                                                                                                                                         |            |
|     | PART II                                                                                                                                                                                      |            |
|     | OTHER INFORMATION                                                                                                                                                                            |            |
|     |                                                                                                                                                                                         |            |
| Item 1.  | Legal Proceedings.                                                                                                                                                                           | 14              |
| Item 1A. | Risk Factors                                                                                                                                                                                 | 14              |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds.                                                                                                                                 | 14              |
| Item 3.  | Defaults Upon Senior Securities.                                                                                                                                                             | 14              |
| Item 4.  | Submission of Matters to a Vote of Security Holders.                                                                                                                                         | 14              |
| Item 5.  | Other Information.                                                                                                                                                                           | 15              |
| Item 6.  | Exhibits.                                                                                                                                                                                    | 15              |
|     | Signatures                                                                                                                                                                                   | 16              |

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|                                                                                                                                 |   | UnauditedJune30, 2010 |       |   | AuditedDecember31, 2009 |   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|------------|--------|-------------------------|--------|
|                                                                                                                                 |   |                  |       |   |                    |   |   |   |   |
| ASSETS                                                                                                                               |   |                  |       |   |                    |   |   |   |   |
| Current Assets:                                                                                                                      |   |                  |       |   |                    |   |   |   |   |
| Cash and cash equivalents                                                                                                            |   | $                     | 16,291     |   |                    |   |   |   | $ | 112,116 |   |
| Total Current Assets                                                                                                                 |   |                  | 16,291     |   |                    |   |   |   |   | 112,116 |   |
|                                                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |
| TOTAL ASSETS                                                                                                                         |   | $                     | 16,291     |   |                    | $      |   |   |   | $ | 112,116 |   |
|                                                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |   |
| Current Liabilities:                                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |   |
| Accounts payable                                                                                                                     |   |                  | 16,698     |   |                    |   |   |   |   |   | 14,314 |   |
|                                                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |   |
| TOTAL LIABILITIES                                                                                                                    |   |                  | 16,698     |   |                    |   |   |   |   |   | 14,314 |   |
|                                                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |   |
|                                                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |   |
| Preferred stock, $.10 par value per share;  Authorized 1,000,000 Shares; Issued  and outstanding 850,000 shares. |   |                  | 73,000     |   |                    |   |   |   |   |   | 73,000 |   |
| Common Stock, $.001 per share;  Authorized 50,000,000 Shares; Issued  and outstanding 31,335,007 shares          |   |                  | 31,335     |   |                    |   |   |   |   |   | 29,660 |   |
| Capital paid in excess of par value                                                                                                  |   |                  | 2,769,097  |   |                    |   |   |   |   |   | 1,196,272 |   |
| Accumulated other comprehensive (Loss)                                                                                               |   |                  | -          |   |                    |   |   |   |   |   | - |   |
| (Deficit) accumulated during the development stage                                                                                   |   |                  | (2,873,839 | ))     |                    |   |   |   |   |   | (1,201,130 | ) |
|                                                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |   |
| TOTAL SHAREHOLDERS' EQUITY                                                                                                           |   |                  | (407       | )      |                    |   |   |   |   |   | 97,802 |   |
|                                                                                                                                 |   |                  |       |   |                    |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                     |   | $                     | 16,291     |   |                    |   |   |   |   | $ | 112,116 |   |

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|                                        |   | Unaudited3 MonthsEndedJune 30,2010 |       |   | Unaudited6 MonthsEndedJune 30,2009 |   |       | August 17,2009 (inception)through June30, 2010 |   |
|---------------------------------------------|--------|------------------------------------|------------|--------|------------------------------------|--------|------------|------------------------------------------------|--------|
|                                        |   |                               |       |   |                               |   |       |                                           |   |
| Revenue:                                    |   | $                                  | -          |   |                               | $      | -          |                                           |   | $ | - |   |
|                                        |   |                               |       |   |                               |   |       |                                           |   |   |   |   |
| General & Administrative Expenses:      |   |                               |       |   |                               |   |       |                                           |   |   |   |   |
| Accounting                                  |   |                               | 1,500      |   |                               |   | 7,795      |                                           |   | $ | 15,395 |   |
| Office                                      |   |                               | 25         |   |                               |   | 140        |                                           |   |   | 2,195 |   |
| Incorporation Cost                          |   |                               | -          |   |                               |   | -          |                                           |   |   | 3,000 |   |
| Legal                                       |   |                               | 12,035     |   |                               |   | 28,308     |                                           |   |   | 74,051 |   |
| Merger costs                                |   |                               | -          |   |                               |   | -          |                                           |   |   | 155,150 |   |
| Consulting fees                             |   |                               | 1,574,500  |   |                               |   | 1,574,500  |                                           |   |   | 1,574,500 |   |
| Miscellaneous Expenses                      |   |                               | -          |   |                               |   | -          |                                           |   |   | 708 |   |
| Public Relations                            |   |                               | -          |   |                               |   | 8,366      |                                           |   |   | 49,264 |   |
| Stock Transfer Fees                         |   |                               | -          |   |                               |   | 3,600      |                                           |   |   | 3,600 |   |
| Writedown of intangible assets              |   |                               | -          |   |                               |   | 50,000     |                                           |   |   | 995,976 |   |
|                                        |   |                               |       |   |                               |   |       |                                           |   |   |   |   |
| Total General & Administrative Expenses |   |                               | 1,588,060  |   |                               |   | 1,672,709  |                                           |   |   | 2,873,839 |   |
|                                        |   |                               |       |   |                               |   |       |                                           |   |   |   |   |
| Net (Loss)                                  |   | $                                  | (1,588,060 | )      |                               | $      | (1,672,709 | )                                              |   | $ | 2,873,839 | ) |
|                                        |   |                               |       |   |                               |   |       |                                           |   |   |   |   |
| Basic (Loss) per common share               |   | $                                  | (0.05      | )      |                               | $      | (0.06      | )                                              |   |   |   |   |
|                                        |   |                               |       |   |                               |   |       |                                           |   |   |   |   |
| Weighted Average Common Shares Outstanding  |   |                               | 29,799,590 |   |                               |   | 29,799,590 |                                           |   |   |   |   |

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|                                                                       |   | 3 MonthsEndedJune30, 2010 |       |   | August 17,2009 (inception)through June30, 2010 |   |
|----------------------------------------------------------------------------|--------|---------------------------|------------|--------|------------------------------------------------|--------|
| Cash Flows From Operating Activities:                                      |   |                      |       |   |                                           |   |
| Net (Loss)                                                                 |   | $                         | (1,672,709 | )      |                                           | $      | (2,873,839 | ) |
| Adjustments to reconcile net loss to net cash used inoperating activities: |   |                      |       |   |                                           |   |   |   |
|   Stock issued for licenses, services, and other assets          |   |                      | 1,574,500  |   |                                           |   | 649,932 |   |
|   Increase in Accounts Payable                                   |   |                      | 2,384      |   |                                           |   | 16,698 |   |
|                                                                       |   |                      |       |   |                                           |   |   |   |
| Net Cash Flows (used) in operations                                        |   |                      | (95,825    | )      |                                           |   | (2,207,209 | ) |
|                                                                       |   |                      |       |   |                                           |   |   |   |
| Cash Flows From Investing Activities:                                      |   |                      |       |   |                                           |   |   |   |
|                                                                       |   |                      |       |   |                                           |   |   |   |
| Net Cash Flows (used) in Investing activities                              |   |                      | -          |   |                                           |   | - |   |
|                                                                       |   |                      |       |   |                                           |   |   |   |
| Cash Flows From Financing Activities:                                      |   |                      |       |   |                                           |   |   |   |
| Issuance of common stock                                                   |   |                      | 0          |   |                                           |   | 649,000 |   |
|                                                                       |   |                      |       |   |                                           |   |   |   |
| Net Cash Flows provided by financing activities                            |   |                      | 0          |   |                                           |   | 649,000 |   |
|                                                                       |   |                      |       |   |                                           |   |   |   |
| Net Increase (Decrease) In Cash and cash equivalents                       |   |                      | (95,825    | )      |                                           |   | (1,558,209 | ) |
| Cash and cash equivalents at beginning of period                           |   |                      | 112,116    |   |                                           |   | - |   |
| Cash and cash equivalents at end of period                                 |   | $                         | 16,291     |   |                                           | $      | (1,558,209 | ) |
|                                                                       |   |                      |       |   |                                           |   |   |   |
| Supplementary Disclosure Of Cash Flow Information:                         |   |                      |       |   |                                           |   |   |   |
| Stock issued for services, licenses and other assets                       |   | $                         | 1,256,250  |   |                                           | $      | 1,906,182 |   |
| Stock issued for note conversions                                          |   | $                         | -          |   |                                           | $      | 29,465 |   |
| Stock issued for net deficit of MWBS                                       |   | $                         | -          |   |                                           | $      | (29,465 | ) |
| Cash paid for interest                                                     |   | $                         | -          |   |                                           | $      | - |   |
| Cash paid for income taxes                                                 |   | $                         | -          |   |                                           | $      | - |   |

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|                                                                                                                                                                                                                                                                                |   | Number ofCommonShares Issued |       |   | CommonStock |   |   | Capital Paidin Excessof Par Value |   |   | Number ofPreferredShares Issued |   |   | PreferredStock |    |   | DeficitAccumulatedDuring thedevelopmentstage |   |   | Total  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|------------|--------|-------------|--------|--------|-----------------------------------|--------|--------|---------------------------------|--------|--------|----------------|---------|--------|----------------------------------------------|--------|--------|--------|--------|
| Balance at August 17, 2009 (Inception)                                                                                                                                                                                                                                              |   |                         | -          |   |        | $      | -      |                              |   | $      | -                               |   |   |           | -       |   |                                         | $      | -      |   |   | $ | - |   |   | $ | - |   |
| August 17, 2009 issued   703,118 shares of par   value $.001 common   stock for services   valued at  $.004   per share                                                                                       |   |                         | 703,118    |   |        |   | 703    |                              |   |   | 2,297                           |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | 3,000 |   |
| August 19, 2009 issued   218,388 shares of par   value $.001 common   stock for services   valued at $.004    per share                                                                                            |   |                         | 218,388    |   |        |   | 218    |                              |   |   | 714                             |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | 932 |   |
| August 20, 2009 issued   17,109,194shares of  par value $.001  common stock and  730,000 shares of  par value $0.10   preferred stock for  license agreement   with Advanomics:                               |   |                         |       |   |        |   |   |                              |   |   |                            |   |   |           |    |   |                                         |   |   |   |   |   |   |   |   |   |   |   |
|     Common valued at or       $.004 per share and    Preferred valued at or       $.086 per share                                                                                         |   |                         | 17,109,194 |   |        |   | 17,109 |                              |   |   | 55,891                          |   |   |           | 850,000 |   |                                         |   | 73,000 |   |   |   | - |   |   |   | 146,000 |   |
| September – October  2009; Private  Placement  – The  Company sold   2,220,552 shares of par  value $.001 common  stock  for cash of  $649,000 or $.2922  per share |   |                         | 2,220,552  |   |        |   | 2,221  |                              |   |   | 646,779                         |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | 649,000 |   |
| September 30, 2009  issued  1,710,748  shares of par value  $.001 common stock   for asset  purchase  from Sunshine Bio   Investment  valued at  $.2922 per share          |   |                         | 1,710,748  |   |        |   | 1,711  |                              |   |   | 498,289                         |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | 500,000 |   |
| October 31, 2009  Outstanding stock of  MWBS counted as  issued for MWBS net  Deficit                                                                                                                                                  |   |                         | 888,000    |   |        |   | 888    |                              |   |   | (30,353                         | )      |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | (29,465 | ) |
| November 16, 2009  Note conversions,  several, principal of   $26,500 and interest   of $2,965                                                                                                                                    |   |                         | 6,810,000  |   |        |   | 6,810  |                              |   |   | 22,655                          |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | 29,465 |   |
| Fractional Shares                                                                                                                                                                                                                                                                   |   |                         | 7          |   |        |   |   |                              |   |   |                            |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | - |   |
| Net (Loss)                                                                                                                                                                                                                                                                          |   |                         | -          |   |        |   | -      |                              |   |   | -                               |   |   |           | -       |   |                                         |   | -      |   |   |   | (1,201,130 | ) |   |   | (1,201,130 | ) |
| Balance at December 31, 2009                                                                                                                                                                                                                                                        |   |                         | 29,660,007 |   |        |   | 29,660 |                              |   |   | 1,196,272                       |   |   |           | 850,000 |   |                                         |   | 73,000 |   |   |   | (1,201,130 | ) |   |   | 97,802 |   |
|                                                                                                                                                                                                                                                                                |   |                         |       |   |        |   |   |                              |   |   |                            |   |   |           |    |   |                                         |   |   |   |   |   |   |   |   |   |   |   |
| June 2, 2010 issued  1,675,000 shares of par  value $.001 common  stock for services  valued at $.75 per share                                                                                                                    |   |                         | 1,675,000  |   |        |   | 1,675  |                              |   |   | 1,572,825                       |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | 1,574,500 |   |
| Net (Loss)                                                                                                                                                                                                                                                                          |   |                         | -          |   |        |   | -      |                              |   |   | -                               |   |   |           | -       |   |                                         |   | -      |   |   |   | (1,672,709 | ) |   |   | (1,672,709 | ) |
| Balance at June 30, 2010 (Unaudited)                                                                                                                                                                                                                                                |   |                         | 31,335,007 |   |        | $      | 31,335 |                              |   | $      | 2,769,097                       |   |   |           | 850,000 |   |                                         | $      | 73,000 |   |   | $ | (2,873,839 | ) |   | $ | (407 | ) |

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| Consultant                              |   | # of Shares |   | Purpose              |
|-----------------------------------------|--------|-------------|--------|----------------------|
|                                    |   |        |   |                 |
| The Video Agency, Inc.                  |   | 375,000     |   | Advertising          |
| Brockington Securities, Inc.            |   | 300,000     |   | Financial Consulting |
| Insight Capital Consultants Corporation |   | 650,000     |   | Financial Consulting |
| Alchemy Financial Services Inc.         |   | 300,000     |   | Public Relations     |
| CJR Capital Advisors Inc.               |   | 50,000      |   | Financial Consulting |
|                                    |   |        |   |                 |
| TOTAL                                   |   | 1,675,000   |   |                 |

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| Exhibit No. | Description                                                                                                                    |
|-------------|--------------------------------------------------------------------------------------------------------------------------------|
|        |                                                                                                                           |
| 3.4         | Statement of Share and Equity Capital Exchange filed with the Colorado Secretary of State on November 20, 2009                 |
|        |                                                                                                                           |
| 3.5         | Articles of Amendment to Articles of Incorporation filed with the Colorado Secretary of State on July 13, 2010                 |
|        |                                                                                                                           |
| 31.1        | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
|        |                                                                                                                           |
| 31.2        | Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
|        |                                                                                                                           |
| 32          | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

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|   | SUNSHINE BIOPHARMA, INC. By: s/Steve N. Slilaty_________________________     Dr. Steve N. Slilaty, Principal Executive Officer                           |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                   |
|   | By: s/Camille Sebaaly_________________________     Camille Sebaaly, Principal Financial Officer     and Principal Accounting Officer |