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

| Large accelerated filer  o                                            | Accelerated filer  o              |
|---------------------------------------------------------------------------------|---------------------------------------------|
|                                                                            |                                        |
| Non-accelerated filer  o (Do not check if asmaller reporting company) | Smaller reporting company  þ |

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|     |                                                                                                                                                                                                    | Page No.      |
|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|
|     |                                                                                                                                                                                                    |          |
| Item 1.  | Financial Statements                                                                                                                                                                                    | 4             |
|     |   Consolidated Balance Sheet as of September 30, 2010 (unaudited)                                                                                                                             | 4             |
|     |   Unaudited Statement of Operations for the Three Month PeriodEnded September 30, 2010                                                                                                        |  5       |
|     |   Unaudited Consolidated Statements of Operations for the Nine Month Period EndedSeptember 30, 2010 and for the Period beginning August 17, 2009 throughSeptember 30, 2010                    |   6 |
|     |   Unaudited Statement of Shareholders Equity                                                                                                                                                  | 7             |
|     |   Unaudited Consolidated Statement of Cash Flows for the for the Nine MonthPeriod Ended September 30, 2010 and for the Periodbeginning August 17, 2009 (Inception) through September 30, 2010 |   8 |
|     |   Notes to Consolidated Financial Statements                                                                                                                                                  | 9             |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition andResults of Operations/Plan of Operation.                                                                                           |  10      |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk.                                                                                                                                             | 15            |
| Item 4.  | Controls and Procedures.                                                                                                                                                                                | 15            |
|     |                                                                                                                                                                                                    |          |
|     | PART II                                                                                                                                                                                                 |          |
|     | OTHER INFORMATION                                                                                                                                                                                       |          |
|     |                                                                                                                                                                                                    |          |
| Item 1.  | Legal Proceedings.                                                                                                                                                                                      | 15            |
| Item 1A. | Risk Factors                                                                                                                                                                                            | 15            |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds.                                                                                                                                            | 16            |
| Item 3.  | Defaults Upon Senior Securities.                                                                                                                                                                        | 16            |
| Item 4.  | [Removed and Reserved]                                                                                                                                                                                  | 16            |
| Item 5.  | Other Information.                                                                                                                                                                                      | 16            |
| Item 6.  | Exhibits.                                                                                                                                                                                               | 16            |
|     | Signatures                                                                                                                                                                                              | 17            |

----

|                                                                                                                                                         |   | UnauditedSeptember30, 2010 |       |   | AuditedDecember31, 2009 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|------------|--------|-------------------------|--------|
| ASSETS                                                                                                                                                       |   |                       |       |   |                    |   |
|                                                                                                                                                         |   |                       |       |   |                    |   |
| Current Assets:                                                                                                                                              |   |                       |       |   |                    |   |
|   Cash and cash equivalents                                                                                                                        |   | $                          | 108,148    |   |                    | $      | 112,116 |   |
|                                                                                                                                                         |   |                       |       |   |                    |   |   |   |
| Total Current Assets                                                                                                                                         |   |                       | 108,148    |   |                    |   | 112,116 |   |
|                                                                                                                                                         |   |                       |       |   |                    |   |   |   |
| TOTAL ASSETS                                                                                                                                                 |   | $                          | 108,148    |   |                    | $      | 112,116 |   |
|                                                                                                                                                         |   |                       |       |   |                    |   |   |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                                         |   |                       |       |   |                    |   |   |   |
|                                                                                                                                                         |   |                       |       |   |                    |   |   |   |
| Current Liabilities:                                                                                                                                         |   |                       |       |   |                    |   |   |   |
|   Accounts payable                                                                                                                                 |   | $                          | 23,781     |   |                    | $      | 14,314 |   |
|                                                                                                                                                         |   |                       |       |   |                    |   |   |   |
| TOTAL LIABILITIES                                                                                                                                            |   | $                          | 23,781     |   |                    | $      | 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 par value per share; Authorized  200,000,000 Shares; Issued and outstanding 29,876,674  shares and 29,660,007 shares |   |                       | 29,877     |   |                    |   | 29,660 |   |
| Capital paid in excess of par value                                                                                                                          |   |                       | 1,343,055  |   |                    |   | 1,196,272 |   |
| Accumulated other comprehensive (Loss)                                                                                                                       |   |                       | -          |   |                    |   | - |   |
| (Deficit) accumulated during the development stage                                                                                                           |   |                       | (1,361,565 | )      |                    |   | (1,201,130 | ) |
|                                                                                                                                                         |   |                       |       |   |                    |   |   |   |
| TOTAL SHAREHOLDERS' EQUITY                                                                                                                                   |   | $                          | 84,367     |   |                    | $      | 97,802 |   |
|                                                                                                                                                         |   |                       |       |   |                    |   |   |   |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                                   |   | $                          | 108,148    |   |                    | $      | 112,116 |   |

----

|                                        |   | Unaudited3 MonthsEndedSeptember30, 2010 |       |
|---------------------------------------------|--------|-----------------------------------------|------------|
|                                        |   |                                    |       |
| Revenue:                                    |   | $                                       | -          |   |
|                                        |   |                                    |       |   |
| General & Administrative Expenses       |   |                                    |       |   |
|   Accounting                      |   |                                    | 2,000      |   |
|   Office                          |   |                                    | 143        |   |
|   Legal                           |   |                                    | 12,858     |   |
|   Professional fees               |   |                                    | (1,527,500 | ) |
|   Stock Transfer fees             |   |                                    | 225        |   |
|                                        |   |                                    |       |   |
| Total General & Administrative Expenses |   |                                    | (1,512,274 | ) |
|                                        |   |                                    |       |   |
| Net (Loss)                                  |   | $                                       | 1,512,274  |   |
|                                        |   |                                    |       |   |
|                                        |   |                                    |       |   |
| Basic (Loss) per common share               |   | $                                       | 0.05       |   |
|                                        |   |                                    |       |   |
| Weighted Average Common Shares Outstanding  |   |                                    | 29,690,563 |   |

----

|                                                   |   | 9 MonthsEndedSeptember30, 2010 |       |   | August 17,2009 (inception)throughSeptember30, 2009 |   |       | August 17,2009 (inception)throughSeptember30, 2010 |   |
|--------------------------------------------------------|--------|--------------------------------|------------|--------|----------------------------------------------------|--------|------------|----------------------------------------------------|--------|
|                                                   |   |                           |       |   |                                               |   |       |                                               |   |
| Revenue:                                               |   | $                              | -          |   |                                               | $      | -          |                                               |   | $ | - |   |
|                                                   |   |                           |       |   |                                               |   |       |                                               |   |   |   |   |
| General & Administrative Expenses                  |   |                           |       |   |                                               |   |       |                                               |   |   |   |   |
| Accounting                                             |   |                           | 9,795      |   |                                               |   | 2,500      |                                               |   |   | 17,395 |   |
| Office                                                 |   |                           | 283        |   |                                               |   | 905        |                                               |   |   | 2,338 |   |
| Incorporation Costs                                    |   |                           | -          |   |                                               |   | -          |                                               |   |   | 3,000 |   |
| Legal                                                  |   |                           | 41,166     |   |                                               |   | 25,600     |                                               |   |   | 86,909 |   |
| Merger costs                                           |   |                           | -          |   |                                               |   | 155,150    |                                               |   |   | 155,150 |   |
| Misc. Expenses                                         |   |                           | -          |   |                                               |   | -          |                                               |   |   | 708 |   |
| Professional fees                                      |   |                           | 47,000     |   |                                               |   | -          |                                               |   |   | 47,000 |   |
| Public Relations                                       |   |                           | 8,366      |   |                                               |   | 3,000      |                                               |   |   | 49,264 |   |
| Stock Transfer Fees                                    |   |                           | 3,825      |   |                                               |   | -          |                                               |   |   | 3,825 |   |
| Writedown of intangible assets                         |   |                           | 50,000     |   |                                               |   | 945,974    |                                               |   |   | 995,976 |   |
|                                                   |   |                           |       |   |                                               |   |       |                                               |   |   |   |   |
| Total General  & Administrative Expenses |   |                           | 160,435    |   |                                               |   | 1,133,129  |                                               |   |   | 1,361,565 |   |
|                                                   |   |                           |       |   |                                               |   |       |                                               |   |   |   |   |
| Net (Loss)                                             |   | $                              | (160,435   | )      |                                               | $      | (1,133,129 | )                                                  |   | $ | (1,361,565 | ) |
|                                                   |   |                           |       |   |                                               |   |       |                                               |   |   |   |   |
| Basic (Loss) per common share                          |   | $                              | (0.01      | )      |                                               | $      | (0.12      | )                                                  |   |   |   |   |
|                                                   |   |                           |       |   |                                               |   |       |                                               |   |   |   |   |
| Weighted Average Common Shares Outstanding             |   |                           | 29,690,563 |   |                                               |   | 9,724,171  |                                               |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                   |   | 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 or   $.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 or   $.004  per share                                                                                                                                                                             |   |                         | 218,388          |   |        |   | 218    |                              |   |   | 714                             |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | 932 |   |
| August 20, 2009 issued 17,109,194  shares of par value $.001 common  stock and 730,000 shares of par   value $0.10 preferred stock for  license Agreement 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 or $.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 or $.94 per share                                                                                                                                                                                                                   |   |                         | 1,675,000        |   |        |   | 1,675  |                              |   |   | 1,572,825                       |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | 1,574,500 |   |
| September 30, 2010 reversed issuance of  1,625,000 shares of par value $.001   common stock for services valued at or   $.94 per share                                                                                                                                                                                        |   |                         | (1,625,000       | )      |        |   | (1,625 | )                                 |   |   | (1,525,875                      | )      |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | (1,527,500 | ) |
| September 30, 2010 issued 166,667   shares of par value $.001 common stock   for cash at or  $.60 per share                                                                                                                                                                                                                        |   |                         | 166,667          |   |        |   | 167    |                              |   |   | 99,833                          |   |   |           | -       |   |                                         |   | -      |   |   |   | - |   |   |   | 100,000 |   |
| Net (Loss)                                                                                                                                                                                                                                                                                                                                             |   |                         | -                |   |        |   | -      |                              |   |   | -                               |   |   |           | -       |   |                                         |   | -      |   |   |   | (160,435 | ) |   |   | (160,435 | ) |
|                                                                                                                                                                                                                                                                                                                                                   |   |                         |             |   |        |   |   |                              |   |   |                            |   |   |           |    |   |                                         |   |   |   |   |   |   |   |   |   |   |   |
| Balance at September 30, 2010 (Unaudited)                                                                                                                                                                                                                                                                                                              |   |                         | 29,876,67 4 |   |        | $      | 29,877 |                              |   | $      | 1,343,055                       |   |   |           | 850,000 |   |                                         | $      | 73,000 |   |   | $ | (1,361,565 | ) |   | $ | 84,367 |   |

----

|                                                                                   |   | 9 MonthsEndedSeptember30, 2010 |     |   | August 17,2009 (inception)throughSeptember30, 2009 |   |       | August 17,2009 (inception)throughSeptember30, 2010 |   |
|----------------------------------------------------------------------------------------|--------|--------------------------------|----------|--------|----------------------------------------------------|--------|------------|----------------------------------------------------|--------|
| Cash Flows From Operating Activities:                                                  |   |                           |     |   |                                               |   |       |                                               |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |
| Net (Loss)                                                                             |   | $                              | (160,435 | )      |                                               | $      | (1,133,129 | )                                                  |   | $ | (1,361,565 | ) |
| Adjustments to reconcile net loss to net cash used in  operating activities: |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Stock issued for licenses, services, and other assets                                  |   |                           | 47,000   |   |                                               |   | 663,974    |                                               |   |   | 696,932 |   |
| Increase in Accounts Payable                                                           |   |                           | 9,467    |   |                                               |   | 0          |                                               |   |   | 23,781 |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Net Cash Flows (used) in operations                                                    |   |                           | (103,968 | )      |                                               |   | (469,155   | )                                                  |   |   | (640,852 | ) |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Cash Flows From Investing Activities:                                                  |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Net Cash Flows (used) in Investing activities                                          |   |                           | -        |   |                                               |   | -          |                                               |   |   | - |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Cash Flows From Financing Activities:                                                  |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Issuance of common stock                                                               |   |                           | 100,000  |   |                                               |   | 649,000    |                                               |   |   | 749,000 |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Net Cash Flows provided by financing activities                                        |   |                           | 100,000  |   |                                               |   | 649,000    |                                               |   |   | 749,000 |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Net Increase (Decrease) In Cash and cash equivalents                                   |   |                           | (3,968   | )      |                                               |   | 179,845    |                                               |   |   | 108,148 |   |
| Cash and cash equivalents at beginning of period                                       |   |                           | 112,116  |   |                                               |   | -          |                                               |   |   | - |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Cash and cash equivalents at end of period                                             |   | $                              | 108,148  |   |                                               | $      | 179,845    |                                               |   | $ | 108,148 |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Supplementary Disclosure Of Cash Flow Information:                                     |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
|                                                                                   |   |                           |     |   |                                               |   |       |                                               |   |   |   |   |
| Stock issued for services, licenses and other assets                                   |   | $                              | 47,000   |   |                                               | $      | 663,974    |                                               |   | $ | 649,932 |   |
| 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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| Exhibit No. | Description                                                                                                                    |
|-------------|--------------------------------------------------------------------------------------------------------------------------------|
|        |                                                                                                                           |
| 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/Dr. Steve N. Slilaty     Dr. Steve N. Slilaty, Principal Executive Officer                       |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                          |
|   | By: s/Camille Sebaaly     Camille Sebaaly, Principal Financial Officer     and Principal Accounting Officer |