Change to a development stage company from a pre-exploration stage company
The Company was organized for the purpose of acquiring and developing mineral properties. The Company did not establish the existence of a commercially minable ore deposit and its mineral rights agreement was terminated on May 15, 2013. On October 1, 2013, the Company changed its business plan from the mining industry to the development of products for the health care industry. The Company determined that losses incurred prior to October 1, 2013 are pre-exploration stage company losses, and losses incurred on or after October 1, 2013 are development stage company losses. The Company has not generated revenue from the new business plan.