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<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">1. Nature of Business and Basis of Presentation</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting
principles generally accepted in the United States of America for interim financial information and the requirements of Regulation
S-X of the Securities and Exchange Commission (the "SEC"). Certain information and disclosures normally included in financial
statements prepared in accordance with accounting principles generally accepted in the United States of America have been
condensed or omitted pursuant to the rules and regulations of the SEC. The unaudited interim financial statements reflect
all adjustments (consisting only of normal recurring adjustments), which, in the opinion of management, are necessary for
a fair presentation of the financial position and results of operations for the periods presented. There have been no significant
changes in accounting policies since December 31, 2012. The results of operations for the periods are not indicative of the
results expected for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction
with the consolidated financial statements and notes for the year ended December 31, 2012 included in the company's Form 10K
filed on April 16, 2013. The functional currency used by the Company is the US dollar.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Empire Global Corp. ("Empire" or "the Company") was incorporated in the state of Delaware on August 26, 1998 as Pender
International Inc. and maintains its principal executive office headquartered in Canada. On September 30, 2005 contemporaneously
with a change in management and business plan changed its name to Empire Global Corp.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company is considered to be in the development stage as defined by Financial Accounting Standards Board ("FASB") Accounting
Standards Codification ("ASC") 915-10-05. This standard requires companies to report their operations, shareholders equity
and cash flows from inception through the reporting date. The Company will continue to be reported as a development stage
entity until, among other factors, revenues are generated from management's intended operations. Management has provided financial
data since inception (January 5, 2010).</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">2. Going Concern</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">These unaudited financial statements have been prepared in accordance with accounting principles generally accepted in
the United States of America ("U.S. GAAP") with the assumption that the Company will be able to realize its assets and discharge
its liabilities in the normal course of business.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company generated no revenue and has incurred losses since inception. Continuation as a going concern is uncertain
and dependant upon obtaining additional sources of financing to sustain its existence and achieving future profitable operations,
the outcome of which cannot be predicted at this time. In the event the Company cannot obtain the necessary funds, it will
be unlikely that it will be able to continue as a going concern. Management plans to mitigate its losses in future years by
significantly reducing its operating expenses and seeking out new business opportunities. However, there is no assurance that
the Company will be able to obtain additional financing, reduce their operating expenses or be successful in locating or acquiring
a viable business.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The accompanying unaudited financial statements do not include any adjustments that might become necessary should the Company
be unable to continue as a going concern.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">6. Commitments and Contingencies</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">On March 3, 2013, the Ontario Securities Commission withdrew all proceedings against two companies controlled by our executive
officer, Firestar Capital Management Corporation and Firestar Investment Management Group Inc. arising from allegations made
by the Ontario Securities Commission on December 21, 2004.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">7. Subsequent Events </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company has evaluated subsequent events through the filing date of these
financial statements on form 10-Q and has determined that there were no
subsequent events to recognize or disclose in these financial statements.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">3. Summary of Significant Accounting Policies</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company's significant accounting policies and recent accounting pronouncements are included in the Company's form 10-K
dated and filed on April 16, 2013 for the fiscal year ended December 31, 2012. A summary of critical accounting policies are
described below.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">a) Use of Estimates</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">In preparing the Company's financial statements in conformity with accounting principles generally accepted in the United
States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and
liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported
amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Significant estimates made by management are, among others, realizability of long-lived assets, and deferred taxes. Management
reviews its estimates on a quarterly basis and, where necessary, makes adjustments prospectively.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">b) Income Taxes</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes."
Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year
and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's
financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to
apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect
on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that
includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the
weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax
assets will not be realized.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements
and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of
a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification,
interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions
for any of the reporting periods presented.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">c) Fair Value of Financial Instruments</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">We measure our financial assets and liabilities in accordance with accounting principles generally accepted in the United
States of America. The carrying value of the Company's short term investments, prepaid and sundry assets, accounts payable
and accrued charges, and advances from shareholder approximate fair value because of the short term maturity of these financial
instruments.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: left">The Company adopted accounting guidance for financial assets and liabilities (ASC 820). The adoption did not have a material
impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance
for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements,
but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does
not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market
approach comparable market prices), the income approach (present value of future income or cash flow), and the cost approach
(cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that
prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief
description of those three levels:</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 1: Observable inputs such as quoted prices (unadjusted) in active market for identical assets or liabilities.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level
2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar
assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are
not active.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and
assumptions developed by us, which reflect those that a market participant would use.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company adopted a newly issued accounting standard for fair value measurements of all non-financial assets and liabilities
not recognized or disclosed at fair value in the financial statements on a recurring basis.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">d) Earnings Per Share</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">FASB ASC 260, "Earnings Per Share" provides for calculation of "basic" and "diluted" earnings per share. Basic earnings
per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted
average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities
that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share
were the same, at the reporting dates, as there were no common stock equivalents outstanding.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">e) Recent Accounting Pronouncements</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">In the quarter ending March 31, 2013, there were no new accounting pronouncements issued by the Financial Accounting Standards
Board ("FASB") that are expected to have a material impact on the consolidated financial statements upon adoption.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> 4. Advances from stockholders</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"></p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><br /> Advances from stockholders are non-interest bearing and are due on demand. Interest was imputed at 5% per annum. Advances
from stockholders as of March 31, 2103 and December 31, 2012 are as follows:</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif">
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3" style="text-align: right">March 31,</td><td> </td>
<td colspan="3" style="text-align: right">December 31,</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">2013</td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">2012</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3" style="text-align: right"> </td><td> </td>
<td colspan="3" style="text-align: right"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%; text-align: left">Braydon Capital Corp.</td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">31,314</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">31,314</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Gold Street Capital</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">133,684</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">128,261</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left; padding-bottom: 2.5pt">Total advances from related parties:</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">164,998</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">159,575</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif">
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3" style="text-align: right">March 31,</td><td> </td>
<td colspan="3" style="text-align: right">December 31,</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">2013</td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">2012</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3" style="text-align: right"> </td><td> </td>
<td colspan="3" style="text-align: right"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%; text-align: left">Braydon Capital Corp.</td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">31,314</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">31,314</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Gold Street Capital</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">133,684</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">128,261</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left; padding-bottom: 2.5pt">Total advances from related parties:</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">164,998</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">159,575</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr></table>
0.05
18675800
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">5. Income Taxes</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"></p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"></p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company is incorporated in the United States of America and is subject to United States federal taxation. No provisions
for income taxes have been made, as the Company had no U.S. taxable income for the year ended March 31, 2013. </p>
<br />
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company's deferred tax assets as of December 31, 2012 and 2011 are as follows:</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif">
<tr style="vertical-align: bottom">
<td> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">March 31, 2013</td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">December 31, 2012</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%; text-align: left">Net loss carryforward</td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,781,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,779,000</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Valuation allowance</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,781,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,779,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left; padding-bottom: 2.5pt">Deferred tax assets</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><br /></p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company has accumulated a net operating loss
carryforward ("NOL") of approximately $5 million as of December 31, 2012. This NOL may be offset against future taxable
income through the year 2033. The use of these losses to reduce future income taxes will depend on the generation of
sufficient taxable income prior to the expiration of the NOL. No tax benefit has been reported in the financial statements
for the three months ended March 31, 2013 because it has been fully offset by a valuation reserve. The use of
future tax benefit is undetermined because we presently have no operations.<br /> <br /> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">
NOL incurred are subject to limitation due to any ownership change (as defined under Section 382 of the Internal Revenue Code
of 1986) which resulted in a change in business direction. Unused limitations may be carried over to future years until the NOLs
expire. Utilization of NOLs may also be limited in any one year by alternative minimum tax rules.</p>
1779000
1781000
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif">
<tr style="vertical-align: bottom">
<td> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">March 31, 2013</td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">December 31, 2012</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%; text-align: left">Net loss carryforward</td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,781,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,779,000</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Valuation allowance</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,781,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,779,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left; padding-bottom: 2.5pt">Deferred tax assets</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
</table>
1779000
1781000
5000000
EMPIRE GLOBAL CORP.
0001080319
10-Q
2013-03-31
false
--12-31
No
No
Yes
Smaller Reporting Company
Q1
2013
-165825
-167962
2137
114005
1878
2042
16187
1877
-4179
-130192
-3755
-6458
-4179
-136650
-3755
18675800
18675800
-0.00
0.00
879
-2785
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2964
1500
-5423
-107377
-378
5423
107377
378
5423
107377
378
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company's significant accounting policies and recent accounting pronouncements are included in the Company's form 10-K
dated and filed on April 16, 2013 for the fiscal year ended December 31, 2012. A summary of critical accounting policies are
described below.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">a) Use of Estimates</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">In preparing the Company's financial statements in conformity with accounting principles generally accepted in the United
States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and
liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported
amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Significant estimates made by management are, among others, realizability of long-lived assets, and deferred taxes. Management
reviews its estimates on a quarterly basis and, where necessary, makes adjustments prospectively.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">b) Income Taxes</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes."
Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year
and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's
financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to
apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect
on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that
includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the
weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax
assets will not be realized.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements
and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of
a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification,
interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions
for any of the reporting periods presented.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">c) Fair Value of Financial Instruments</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">We measure our financial assets and liabilities in accordance with accounting principles generally accepted in the United
States of America. The carrying value of the Company's short term investments, prepaid and sundry assets, accounts payable
and accrued charges, and advances from shareholder approximate fair value because of the short term maturity of these financial
instruments.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company adopted accounting guidance for financial assets and liabilities (ASC 820). The adoption did not have a material
impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance
for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements,
but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does
not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market
approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach
(cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that
prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief
description of those three levels:</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 1: Observable inputs such as quoted prices (unadjusted) in active market for identical assets or liabilities.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level
2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar
assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are
not active.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and
assumptions developed by us, which reflect those that a market participant would use.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company adopted a newly issued accounting standard for fair value measurements of all non-financial assets and liabilities
not recognized or disclosed at fair value in the financial statements on a recurring basis.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">d) Earnings Per Share</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">FASB ASC 260, "Earnings Per Share" provides for calculation of "basic" and "diluted" earnings per share. Basic earnings
per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted
average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities
that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted loss per share
were the same, at the reporting dates, as there were no common stock equivalents outstanding.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">e) Recent Accounting Pronouncements</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">In the quarter ending March 31, 2013, there were no new accounting pronouncements issued by the Financial Accounting Standards
Board ("FASB") that are expected to have a material impact on the consolidated financial statements upon adoption.</p>