1. Nature of Business and Operations The Company On January 25, 2011, the Company changed its name to Mango Capital, Inc. In conjunction with the name change, the Company changed its stock symbol to MCAP effective February 16, 2011. During the fourth quarter of 2010, we completed the acquisition of Structured Settlement Investments, L.P. ( SSI ), a Delaware limited partnership, that originates, purchases and resells structured settlements from beneficiaries of insurance, litigation and lottery awards. The partnership had recently re-branded itself using the d/b/a of Aspyre Settlement Funding. Aspyre Settlement Funding, Inc. ( Aspyre ) was incorporated in the State of Pennsylvania effective January 25, 2011 and has assumed the operations of SSI and SSI will be dissolved. The structured settlement investment business provides liquidity to beneficiaries in the form of cash purchases of future payments to which the sellers are entitled as successful plaintiffs in personal injury, medical malpractice or other litigations. Structured settlements refer to a contract between a plaintiff and defendant whereby the plaintiff agrees to settle a lawsuit (usually a personal injury, product liability or medical malpractice claim) in exchange for periodic payments over time. A defendant s payment obligation with respect to a structured settlement is usually assumed by a casualty insurance company. This payment obligation is then satisfied by the casualty insurer through the purchase of an annuity from an insurance company which provides a high credit quality stream of payments to the plaintiff. Although, we are evaluating alternate applications for our intellectual property, our technology business currently generates no revenue and is not the main focus of management and as such, management has deemed it unnecessary to report on this business segment until something materially changes. The accompanying unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements.