United States
Securities and Exchange Commission
Washington, D.C.  20549

Form 10-K

xo
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:
For the fiscal year ending December 31, 20082009

¨
o
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:
For the transition period from ___________ to ___________.

Commission file number: 333-148664

BATTERY CONTROL CORP.Ecologix Resource Group. Inc.
(Name of small business issuer in its charter)

Delaware98-0533882
(State or other jurisdiction of
incorporation or
organization)
(I.R.S. Employer
Identification No.)

20 a Sharei Torah Street9903 Santa Monica Blvd.
JerusalemSuite 918
IsraelBeverly Hills, CA. 90212 
 (Address of Principal executive offices) (Zip Code)

Issuer’s telephone number: 9722-6432875 
_______________888-564-4974

Securities registered under Section 12(b) of the “Exchange Act”
Common Share,Shares, Par Value, $.0001
(Title of each Class)

Securities registered underpursuant to Section 12(g) of the Exchange Act: None
Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
o Yes    x No

Check whetherIndicate by check mark if the issuerRegistrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.
¨o Yes    x No

CheckIndicate by check mark whether the issuerRegistrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the pastpreceding 12 months (or for such a shorter period that the registrantRegistrant was required to file such report(s)reports), and (2) has been subject to such filing requirements for the past 90 days.
x Yes    ¨o No

CheckIndicate by check mark if there is no disclosure of delinquent filers in responsepursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained in this form,herein, and no disclosure will not be contained, to the best of registrant’sRegistrants’ knowledge, in definitive proxy or information statements incorporated by reference in Part IIIII of this Form 10-Kor10-K or any amendment to this Form 10-K.x


o Yes    o No

Indicate by check mark whether the registrantRegistrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated fileroAccelerated Filero
Non-accelerated fileroSmaller reporting companyx
(Do not check if a smaller reporting company)
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
¨o Yes    x No

The issuer’s revenues for its most recent fiscal year (2008): $XXXXXXXX.

State the aggregate market value of the voting and non-voting common equitystock held by non-affiliates computed by reference toof the price at the common equityRegistrant was last sold, or the average bid and askedapproximately $2,644,200 as of May 17, 2010, based on a market price of such common equity was last sold, or the average bid and asked price of such common equity, as$.0068 per share.  For purposes of the last business dayforegoing computation, all executive officers, Directors and 5% beneficial owners of the registrant’s most recently completed second fiscal quarter.

APPLICABLE ONLY TO REGISTRANTS INVOVLED IN BANKRUPTCY
PROCEEDINGS DURING THE PREECEDING FIVE YEARS

Indicate by check mark whether the registrant has filed al documents and reports requiredare deemed to be filed by Section 12, 13affiliates.  Such determination should not be deemed to be an admission that such executive officers, Directors or 15(d)5% beneficial owners are, in fact, affiliates of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.¨  Yes  x No

(APPLICABLE ONLY TO CORPORATE REGISTRANTS)Registrant.

Indicate the number of shares outstanding of each of the registrants’Registrant’s classes of common stock, as of the latest practicable date.

The number of shares of Common Stock outstanding, as of February 23 , 2009May 17, 2010 was:25,000,000 512,000,000.

DOCUMENTS INCORORATEDINCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part 1, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933.  The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for the fiscal year December 24, 1980).

None


BATTERY CONTROL CORP.Ecologix Resource Group. Inc.
ANNUAL REPORT ON FORM 10-K
For Fiscal Year Ended December 31, 20082009

TABLE OF CONTENTS

INDEX
   Page No
PART I  1
Item
ITEM 1.Description of Business1
Business
ITEM 2.Description of Property 4
Item 1ARisk Factors 8
Item 1BUnresolved Staff Comments9
Item 2Properties9
Item 3ITEM 3.Legal Proceedings 95
Item 4Submission of Matters to a Vote of Security Holders 9
ITEM 4.(Removed and reserves)5
    
PART II  6
Item 5
ITEM 5.Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer PurchasesPurchase of Equity Securities 96
Item 6
ITEM 6.Selected Financial Data 118
Item 7
ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of OperationOperations 118
Item 7A
ITEM 7A.Quantitative and Qualitative Disclosures About Market RiskRisk. 1210
Item 8Financial Statements. 12
Item 9ITEM 8.Financial Statement and Supplementary Data10
ITEM 9.Changes in and Disagreements Withwith Accountants on Accounting and Financial Disclosure 1210
Item 9A(T)
ITEM 9A.Controls and Procedures 1411
Item 9B
ITEM 9B.Other Information 12
    
PART III  12
Item 10
ITEM 10.Directors, Executive Officers and Corporate Governance 16
Item 11Executive Compensation17
Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters18
Item 13Certain Relationships and Related Transactions, and Director Independence18
Item 14Principal Accountant Fees and Services18
    
PART IVITEM 11.Executive Compensation 
Item 15Exhibits, Financial Statement Schedules1913
    
SIGNATURESITEM 12.Security Ownership of Certain Beneficial Owners and Management 2013
ITEM 13.Certain Relationships and Related Transactions14
ITEM 14.Principal Accounting Fees and Services14
ITEM 15.Exhibits, Financial Statement Schedules15
Signatures16

3i


Battery Control Corp.Ecologix Resource Group. Inc.

Part I


USE OF NAMES

In this annual report, the terms “BATTERY CONTROL CORP. ”,“Ecologix Resource Group. Inc.”, “Company”, “we”, or “our”, unless the context otherwise requires, mean BATTERY CONTROL CORP. and its subsidiaries.Ecologix Resource Group, Inc.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This annual report on Form 10-KSB and other reports that we file with the SEC contain statements that are considered forward-looking statements.  Forward-looking statements give the Company’s current expectations, plans, objectives, assumptions or forecasts of future events. All statements other than statements of current or historical fact contained in this annual report, including statements regarding the Company’s future financial position, business strategy, budgets, projected costs and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “estimate,” “plans,” “potential,” “projects,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend,” and similar expressions. These statements are based on the Company’s current plans and are subject to risks and uncertainties, and as such the Company’s actual future activities and results of operations may be materially different from those set forth in the forward looking statements. Any or all of the forward-looking statements in this annual report may turn out to be inaccurate and as such, you should not place undue reliance on these forward-looking statements.  The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy and financial needs. The forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and assumptions due to a number of factors, including:
·
dependenceDependence on key personnel;
·
competitiveCompetitive factors;
·
degreeDegree of success of research and development programs
·
theThe operation of our business; and
·
generalGeneral economic conditions in the United States, IsraelEurope, Africa and ChinaAsia.
These forward-looking statements speak only as of the date on which they are made, and except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained in this annual report.

4


ABOUT OUR COMPANY
Ecologix Resource Group, Inc. (OTCBB: EXRG) is a natural resource company focused on the harvesting, and marketing of high quality timber while pursuing the production of alternative energy solutions. The Company manages a tropical hardwood forest in the Republic of Cameroon in Central Africa. The Company harvests a variety of species of hardwood. Ecologix works with the local governments to develop harvesting standards that are environmentally friendly and will not impact the Company’s production or increase global warming. Additionally, the Company intends to produce alternative energy such as ethanol and biodiesel.
1

The Company was formerly known as Battery Control Corp. and changed its name to Ecologix Resource Group, Inc. on July 14, 2009. Ecologix Resource Group was founded in 2007 and is based in Beverly Hills, California. Due to the overwhelming opportunities regarding our timber business, the Company has decided hat it is necessary to apply all personnel, finances and other resources towards the timber operations and discontinue the patented pending technology of Battery Control Corp.
Ecologix has successfully partnered with the local tribe council and the central government of Cameroon to acquire concessions that contain among the richest types of hardwood in the world.
Ecologix has secured the rights to 50,000 hectares (124,552 acres) of rainforest in the Massaka / Desoni region. This area is 325 KM Southeast of Yaoundé, Cameroon. Massaka is a unique opportunity for Ecologix. While it is a valuable concession for the harvesting of timber, the land can also be easily converted for the responsible production of ethanol and biodiesel by creating a biofuel farm. Cameroon has the third largest biomass potential in Sub Saharan Africa.
Ecologix is equipped to supply timber to the local market and export products internationally. Ecologix is working closely with the local and national governments and hire our management in the areas where we lease the land. Our timber production standards will provide a global acceptance of environmentally friendly harvesting practices that will not impact a company's ability to operate and grow profits or increase the threat of global warming through the destruction of rainforests around the world.

The Company’s vision is to become a leading natural resource company in Central Africa by establishing key infrastructure and workforce development that will help facilitate the economic development and quality of life of each respective host country.
 
We were incorporated in Delaware on November 7, 2007 and are a development stage company.2007. On November 19, 2007, wethe Company entered into an exclusive worldwide patent sale agreement (the "Patent Transfer and Sale Agreement ") with Mr. Moshe Averbuch, the original inventor, in relation to a patent-pending technology (Patent Application Number: 10/707,521). We plan
With the Company’s implementation and now development of its timber operations in Central Africa, it has elected to use said technologycease pursuing the Patent pending technology.
From the Company’s initial procurement of contractual rights respecting land rich in tropical hardwoods and other natural resources in Central Africa, the Company has continued to create a methoddevelop its timber business in Cameroon.  Operating through its subsidiary Ecologix Cameroon, the Company has been utilizing leased land for its timber production.  The Company is in the process of acquiring its own leasehold from the Government on other timberland, and supporting apparatusintends in the near future to undertake its operations on land for measuringwhich it previously procured contractual rights.  These steps, together with employment of additional equipment to lower costs of production and checking standard battery parameterstransportation, are expected to allow for continual and rapid growth in revenue, with enhanced margins.
In addition to expanding its timber operations in Cameroon, the Company is exploring initiating operations in other countries.  The Company believes by diversifying geographically, it can accelerate its growth, while providing the Company with protection against business interruption.

ABOUT CAMEROON
Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems facing other underdeveloped countries, such as voltage, cold cranking amperage (CCA), statestagnating per capita income, a relatively inequitable distribution of charge (SOC),income, a top-heavy civil service, and statea generally unfavorable climate for business enterprise. International oil and cocoa prices have a significant impact on the economy. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks. The IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs.

The former French Cameroon and part of health (SOH)British Cameroon merged in exchange for1961 to form the present country. Cameroon has generally enjoyed stability, which has permitted the development of agriculture, roads, and railways, as well as a commitment to pay Mr. Averbuch US$12,000 (Twelve thousand United States Dollars), according to the condition specifiedpetroleum industry. Despite a slow movement toward democratic reform, political power remains firmly in the Patent Transfer and Sale Agreement related to the Patent Application Number 10/707,521.hands of President Paul Biya.

COMPETITION 
 
The Battery Control Corp. system comprises forest products industry is highly competitive in terms of price and quality. Wood products are subject to increasing competition from a variety of substitute products, including non-wood and engineered wood products.  In addition, the test methodCompany is subject to a potential increase in competition from others as to the forests from which it generates its production and by increased supply in the battery testing device. The device activates a shortening between battery poles using a predefined electronic circuit that maximizes the battery’s energy potential for a time period. A shortening is defined as a process whereby the battery poles are shortened, thus applying high current load during a very short period of time. The initial period of the shortening isdomestic and international markets. Any significant increase in competitive pressures from 10-50 msec. During the next time period (approximately 100-200 msec), the load slowly decreases until the voltage returns to an open circuit voltage Uoc. The voltage and battery current are measured during the testing process. The measurements are stored in a database located on the device, and can later be used to check battery conditions.

We do not yetsubstitute products or other domestic or foreign producers could have a fully operational working valid prototype, but intend to create one. Once the working prototype has been developed, we will then work to develop and manufacture the Product or license the manufacturing and related marketing and selling rights to a third party.

Our principal offices are located at 20 A Sharei Torah Street, Jerusalem, Israel. Our telephone number is 972-(2)-6432875. Our registered office in Delaware is located at 113 Barksdale Professional Center, Newark, DE 19711, and our registered agent is Delaware Intercorp. All references to "we," "us," "our," or similar terms used in this prospectus refer to Battery Control Corporation. Our fiscal year end is December 31.

We have never declared bankruptcy, have never been in receivership, and have never been involved in any legal action or proceedings. We have not made any significant purchase or sale of assets, nor has material adverse effect on the Company been involved in any mergers, acquisitions or consolidations. We are not a blank check registrant as that term is defined in Rule 419(a)(2) of Regulation C of the Securities Act of 1933, because we have a specific business plan and purpose. Neither Battery Control Corp., nor its officers, Directors, promoters or affiliates, has had preliminary contact or discussions with, nor do we have any present plans, proposals, arrangements or understandings with any representatives of the owners of any business or company regarding the possibility of an acquisition or merger.

.
5


We have entered into a patent licensing agreement in relation to a patent-pending technology (Patent Application Number: 10/707,521) relating to the test and measurement of battery parameters (the “Product”). On December 19, 2003 a patent application was filed in the United States Patent and Trademark Office. The inventor of the technology covered by this patent is Moshe Averbuch.

A Patent Transfer and Sale Agreement was signed between Moshe Averbuch and Battery Control Corp. on November 19, 2007, granting Battery Control Corp. exclusive rights, title and interest in and to the Patent Application and all Intellectual Property rights, free and clear of any lien, charge, claim, preemptive rights, etc. for an electronic battery testing and measuring invention that relates to a method and apparatus for measuring and checking parameters such as voltage, cold, cranking amperage (CCA), state of charge (SOC), and state of health (SOH) of a standard battery.

Our principal offices are located c/o Yaffa Zwebner, 20 Sharei Torah Street, Jerusalem. Our telephone number is 972-(2)-6432875
BUSINESS SUMMARY AND BACKGROUND
The invention is characterized by an electronic device to test and measure battery properties such as voltage, cold cranking amperage (CCA), the state of charge (SOC) and the state of health (SOH) of a standard battery. This is different than inventions where the battery condition and measurement parameters are obtained through a correlation method. Other inventions also display the conditions and measurements to the operator of the device. Because the other systems cause a minimum amount of battery discharge and the measurement process is long, batteries cannot be tested at high current conditions. These methods only provide an estimation of performance at high current conditions based on extrapolating the measured results. Inaccurate predictions result because the battery test is executed at low current conditions over a relatively long period of time.

Previous methods predict the battery’s ability to start engines of different devices, such as vehicles. The main drawback is that the results only reflect the successful ability to start an engine, without offering any solution for failed trials. In most prior methods it is not possible to estimate a battery’s ability to start a specific type of vehicle engine.

Using battery conductance measurement principles measurement of the contact conditions is made between the tester clamps and the battery poles. Accurate measurements of the quality and condition of the contact between the tester clamp and the battery poles are obtained by employing the Kelvin contacts as described in patent No. US 5,592,092. The Kelvin contact checks the balance between four clamp wires. This method is not easy to use or operate.

6


Our invention is based on battery conductance measurement principles. Our system provides a better method and device to more accurately measure results without damaging the battery. It will accurately predict the engine’s ability to start and the ability to start over a range of different temperatures. It aims to provide exact CCA, SOC, and SOH values. It also provides a test for checking clamping conditions.Employees
 
The Company intends to developas a fully operational valid working prototype, which can then be used to developholding company operates principally through its subsidiary Ecologix Cameroon.  The Company and manufacture the actual product.its subsidiary employ approximately 35 people.
 
THIRD-PARTY MANUFACTURERS
2


Limited Operating History
 
We cannot guarantee we will relybe successful in our business operations.  Our business is subject to the risks inherent in the establishment of a new business enterprise, including limited capital resources and the ability to find and finance expansion of operations and suitable acquisition candidates.  
We have no assurance that future financing will be available to the Company on third parties to develop a prototype and to work with us to manufacture the product.acceptable terms.  If our manufacturing and distribution agreements arefinancing is not available on satisfactory we may not be able to develop or commercialize our device as planned. In addition, we may not be able to contract with third parties to manufacture our device in an economical manner. Furthermore, third-party manufacturers may not adequately perform their obligations, which may impair our competitive position. If a manufacturer fails to perform, we could experience significant time delays orterms, we may be unable to commercializecontinue, develop or continueexpand our operations and possibly cease operations totally.  Equity financing could result in additional dilution to market our battery testing and measurement system.shareholders.
 
INTELLECTUAL PROPERTY
On November 19, 2007, we signed a Patent Transfer and Sale Agreement with Moshe Averbuch, the original patent-pending owner, licensing all rights, title and interest in, for a method and apparatus for battery testing and measuring. On December 13, 2003, a patent application was filed in the United States Patent and Trademark Office.
COMPETITION
There are several companies in the battery testing and measuring field, including major international manufacturers. We are not, however, aware of any other company that has developed, manufactured, and/or marketed a device of a similar nature that incorporates conductance measurement principles with a specific device and method for easy and accurate battery parameter measurements.
PATENT, TRADEMARK, LICENSE & FRANCHISE RESTRICTIONS AND CONTRACTUAL OBLIGATIONS & CONCESSIONSCurrency Fluctuations/Inflation
 
As described above, we have entered into an exclusive patent licensing agreementthe Company’s principal operations are in the Republic of Cameroon and sales are anticipated in Europe and Asia, the effect of currency fluctuations could affect the Company’s results of operations.  The Company does not presently hedge its currency.

The amounts presented in the financial statements do not provide for the patented technologyeffect of inflation on which our proposed battery testingthe Company’s operations or its financial position.  Amounts shown for machinery, equipment and measuring product is based. In addition, as described above, we have entered into a Patent Transferleasehold improvements and Sale Agreement whereby we acquired full rights to all title, interests etc. related to the patent-pending technology.

In addition, we are developing a website related to our product, which we intend to use to promote, advertise,for costs and potentially market our invention, once the prototypeexpenses reflect historical cost and development stages are complete. We intend to full protect our invention and development stages with copyright and trade secrecy laws.

7


EXISTING OR PROBABLE GOVERNMENT REGULATIONSdo not necessarily represent replacement cost.  
 
We may be subject to the provisions of the Federal Consumer Product Safety Act and the Federal Hazardous Substances Act, among other laws. These acts empower the CPSC to protect the public against unreasonable risks of injury associated with consumer products. Provision for Income Taxes
The CPSCCompany has the authority to exclude from the market articlesdetermined that are found to be hazardous and can require a manufacturer to repair or repurchase such devices under certain circumstances. Any such determination by the CPSC is subject to court review. Violations of these acts may also result in civil and criminal penalties. Similar laws exist in some states and citiesit will more likely than not use any tax net operating loss carry forward in the U.S.current tax year and in many jurisdictions throughout the world.therefore has taken a valuation amount equal to 100% of any asset.

Employees

Other than our current Directors and officers, Yaffa Zwebner and Nachom Kipor, we have no other full time or part-time employees. If and when we develop the prototype for our battery testing and measurement system, and are able to begin manufacturing and marketing, we may need additional employees for such operations. We do not foresee any significant changes in the number of employees or consultants we will have over the next twelve months.

Item 1A. Risk Factors.
Factors
In addition to the risk factors described in our registration statement on Form SB-2, as filed with the Securities and Exchange Commission, and although smaller reporting companies are not required to provide disclosure pursuant to this Item, your attention is directed to the following risk factor that relates to our business.
 
We do not have sufficient cashThe Company is subject to fund our operating expenses fora number of factors that could materially affect its performance.  Each of these factors should be carefully evaluated.  These factors include:
Business and Operating Risks
THE CYCLICAL NATURE OF OUR BUSINESS COULD ADVERSELY AFFECT OUR RESULTS OF OPERATIONS
Our results of operations are affected by the next twelve months, and plan to seek funding through the sale of our common stock. Without significant improvement in the capital markets, we may not be able to sell our common stock and funding may not be available for continued operations.

There is not enough cash on hand to fund our administrative and other operating expenses or our proposed research and development program for the next twelve months. In addition, we will require substantial new capital following the development of a strategic marketing plan for bringing our product to global markets in order to actually market, arrange for the manufacturing of, and sell our product. Because we do not expect to have any cash flow from operations within the next twelve months, we will need to raise additional capital, which may be in the form of loans from current stockholders and/or from public and private equity offerings. Our ability to access capital will depend on our success in implementing our business plan. It will also depend upon the statuscyclical nature of the capital markets at the time such capital is sought. Without significant improvement in the capital markets, sufficient capital may not be availableeconomy and the implementation of our business planforest products industry. These activities are, in turn, subject to fluctuations due to, among other factors:
·
Changes in domestic and international economic conditions;
·
Interest rates;
·
Population growth and changing demographics;
·
Seasonal weather cycles (e.g., dry summers, wet winters).
Timber owners generally increase production volumes for logs and wood products during favorable price environments. Such increased production, however, when coupled with even modest declines in demand for these products in general, could be delayed. If we are unablelead to raise additional funds in the future, we may have to cease all substantive operations. In such event it would not be likely that investors would obtain a profitable return on their investment or a return of their investment at alloversupply and lower prices.

83

Our results of operations may also be subject to global economic changes as global supplies of wood fiber and wood products shift in response to changing economic conditions. Changes in global economic conditions that could affect our results of operations include, but are not limited to, new timber supply sources and changes in currency exchange rates, foreign and domestic interest rates and foreign and domestic trade policies. In particular, the recent turmoil in the financial markets and the limited availability of credit is having a negative financial impact on our customers and their ability to buy our logs and manufactured forest products.
·
General economic conditions;
·
Weather conditions or natural disasters having an adverse effect on our properties;
·
Changes in interest rates;
·
Impact of federal, state and local land use and environmental protection laws;
·
Our ability to obtain all land use entitlements and other permits necessary for our development activities;
OUR ABILITY TO HARVEST TIMBER MAY BE SUBJECT TO LIMITATIONS WHICH COULD ADVERSELY AFFECT OUR OPERATIONS
Weather conditions, timber growth cycles, access limitations, availability of contract loggers, and regulatory requirements associated with the protection of wildlife and water resources may restrict harvesting of timberlands as may other factors, including damage by fire, insect infestation, disease, prolonged drought, flooding and other natural disasters. Changes in global climate conditions could intensify one or more of these factors. Although damage from such natural causes usually is localized and affects only a limited percentage of the timber, there can be no assurance that any damage affecting our timberlands will in fact be so limited. As is common in the forest products industry, we do not maintain insurance coverage with respect to damage to our timberlands.
CHANGES IN TRANSPORTATION AVAILABILITY OR COSTS
Our business depends on the availability of providers of transportation of wood products, and is materially affected by the cost of these service providers. Therefore, an increase in the cost of fuel could negatively impact our financial results by increasing the cost associated with logging activities and transportation services, and could also result in an overall reduction in the availability of these services
Item 1B.
Unresolved Staff Comments.

SmallerAs a smaller reporting companiescompany we are not required to provide disclosure pursuantthe information required by this item.
Item 2. Properties
The Company has its mailing address at 9903 Santa Monica Blvd., Suite 918, Beverly Hills, CA 90212.
The Company’s subsidiary has an office in Cameroon (Africa).
4

Ecologix Cameroon has contractual and leasehold rights to this Itemcontinue the development of its timber operations.  The Company believes that it has laid the foundation for continued access to additional lands in Cameroon and elsewhere to permit the ongoing expansion of its operations.
Ecologix has secured the rights to 50,000 hectares (124,552 acres) of rainforest in the Massaka / Desoni region. This area is 325 KM Southeast of Yaoundé. Massaka is a unique opportunity for ECOLOGIX. While it is a valuable concession for the harvesting of timber, the land can also be easily converted for the responsible production of ethanol and biodiesel by creating a biofuel farm. Cameroon has the third largest biomass potential in Sub Saharan Africa.
Item 2.Description of Property

Our Principal executive offices are located at 20a Sharei Torah ,Jerusalem Israel. This location is also the residence of Mrs Zwebner  and we have been allowed to operate out of such location at no cost to the Company. We believe that this space is adequate for our current and immediately foreseeable operating needs. We do not have any policies regarding investments in real estate, securities or other forms of property.

Item 3.Legal Proceedings

There is no past, pending or, to our knowledge, threatened litigation or administrative action which has or is expected by our management to have a material effect upon our business, financial condition or operations, including any litigation or action involving our officer, director or other key personnel.

Item 4.Submission of Matters to a Vote of Security Holders

By vote of the securities holders entitled to vote on December 1, 2008, the Company completed a forward split 5 for 1 stock dividend effective December 1, 2008.
 
As a result of the aforementioned forward stock split there are a total of 25,000,000 shares issuedItem 4. (Removed and outstanding.Reserved)

5

PART II
 
The Company’s Common Stock is listed on the Over the Counter Bulletin Board.  From June 27, 2008 until July 13, 2009 the shares of common stock traded under the symbol “BATY”.  From July 14, 2009 the shares of common stock trade under the symbol “EXRG.”
The following chart lists the high and low closing bid prices for shares of the Company’s Common Stock for each quarterly period within the last two fiscal years.  These prices are between dealers and do not include retail markups, markdowns or other fee and commissions, and may not represent actual transactions.

Fiscal Year 2009: High Bid  Low Bid  High Ask  Low Ask 
First Quarter (1)  - 0 -   - 0 -   - 0 -   - 0 - 
Second Quarter  0.94   0.05   0.99   0.6 
Third Quarter  0.93   0.1   1.03   0.52 
Fourth Quarter  0.51   - 0 -   0.55   - 0 - 

1     Taking into effect a stock dividend of 2 for 1 on March 17, 2009

Fiscal Year 2008: High Bid  Low Bid  High Ask  Low Ask 
First Quarter  - 0 -   - 0 -   - 0 -   - 0 - 
Second Quarter  1.01   - 0 -   1.10   - 0 - 
Third Quarter  0.93   0.1   1.03   0.52 
Fourth Quarter (2)  0.51   - 0-   0.55   - 0- 

2     Taking into effect a stock dividend of 5 for 1 on December 3, 2009

Dividend Policy:
The Company has never declared or paid cash dividends on its common stock and anticipate that all future earnings will be retained for development of its business.  The payment of any future dividends will be at the discretion of the Board of Directors and will depend upon, among other things, future earnings, capital requirements, the financial condition of the Company and general business conditions.

Securities authorized for issuance under equity compensation plans
None
6

 
General

We are authorized to issue 50,000,0002,050,000,000 shares of Common Stock, at a par value $0.0001 per share.share, consisting of 2,000,000,000 (Two Billion) shares of common stock, par value of $0.000) and 50,000,000 (Fifty Million) shares of preferred stock, par value of $0.0001 per shares.  As of February 23, 2009,May 15, 2010, the latest practicable date, there are 25,000,000512,000,000 shares of common stock outstanding. 
The number of record holders of Common Stock as of February 23 , 2009May 15, 2010 is approximately 69.380.

 
9


Common Stock

The holders of Common Stock are entitled to one vote for each share held of record on all matters to be voted on by stockholders.  There is no cumulative voting with respect to the election of directors, with the result that the holders of more than 50% of the shares voting for the election of directors can elect all of the directors then up for election.  The holders of Common Stock are entitled to receive ratably such dividends when, as and if declared by the Board of Directors out of funds legally available therefore.  In the event we have a liquidation, dissolution or winding up, the holders of common Stock are entitled to share ratably in all assets remaining which are available for distribution to them after payment of liabilities and after provision has been made for each class of stock, if any, having preference over the common Stock.  Holders of shares of Common Stock, as such, have no conversion, preemptive or other subscription rights, and there are no redemption provisions applicable to the Common Stock.

Market InformationPreferred Stock.

Our certificate of incorporation authorizes our Board of Directors to issue up to 50,000,000 shares of preferred stock. Upon issuance, our Board of Directors will establish the preferences and rights for this preferred stock. These preferences and rights may include the right to elect additional directors. The Company’s Common Stock is listed onissuance of preferred stock could have the Over the Country Bulletin Board under the symbol “BATY”.effect of delaying or preventing a change in control of us even if a change in control were in our stockholders’ best interests

There is no trading market for the Company's common stock at present and there has been no trading market to date. There is no assurance that a trading market will ever develop or, if such a market does develop, that it will continue.

Dividend Policy

We have never paid any cash dividends and have no plans to do so in the foreseeable future. Our future dividend policy will be determined by our Board of Directors and will depend upon a number of factors, including our financial condition and performance, our cash needs and expansion plans, income tax consequences and the restrictions that applicable laws and other arrangements then impose.

Equity Compensation Plans
We do not have any equity compensation plans
Recent Sales of Unregistered Securities

The Company entered into an agreementDuring the fourth quarter for the acquisitionfiscal year ended December 31, 2009, we have not issued any unregistered securities.
Liquidation
In the event of long-term rightsa liquidation of the Company, all stockholders are entitled to 20,000 hectares (approximately 50,000 acres)a pro rata distribution after payment of land rich in hardwoods and other natural resources in Central Africa in consideration for a newly authorized convertible preferred stock issuance and a convertible note. The Company intends to as an alternative business strategy seek to acquire, maintain, harvest and market high quality timber and other natural resources. Pursuantany claims subject to the Agreement, dated January 5, 2009, betweenCertificate of Designation for the Company and Spectra Timber Resources, Inc., the Company will issue a total of 15,000,000 convertible preferred shares and issue a Convertible Note in the amount of $ 5,000,000.Series B Preferred.

107

 
Stock Transfer Agent
We have engaged Nevada Agency and Trust as our stock transfer agent. Nevada Agency and Trust is located at 50 West Liberty Street, Reno, Nevada 89501.

SmallerAs a smaller reporting companiescompany we are not required to provide disclosure pursuant tothe information required by this Item.item.

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Operation
We
Forward-Looking Information
This Report contains forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Some of the forward-looking statements can be identified by the use of forward-looking words such as “believes,”“expects,”“may,”“will,”“should,”“seeks,”“approximately,”“intends,”“plans,”“estimates,”“projects,”“strategy,” or “anticipates,” or the negative of those words or other comparable terminology. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those described in the forward-looking statements, including those factors described in “Risk Factors”. Some factors include changes in governmental, legislative and environmental restrictions, catastrophic losses from fires, floods, windstorms, earthquakes, volcanic eruptions, insect infestations or diseases, as well as changes in economic conditions and competition in our domestic and export markets and other factors described from time to time in our filings with the Securities and Exchange Commission. In addition, factors that could cause our actual results to differ from those contemplated by our projected, forecasted, estimated or budgeted results as reflected in forward-looking statements relating to our operations and business include, but are a development stagenot limited to:
·
The failure to meet our expectations with respect to our likely future performance;
·
An unanticipated reduction in the demand for timber products and/or an unanticipated increase in supply of timber products;
·
An unanticipated reduction in demand for higher and better use timberlands or non-strategic timberlands
It is likely that if one or more of the risks materializes, or if one or more assumptions prove to be incorrect, the current expectations of the company and haveits management will not generated any revenuesbe realized.
Certain statements in this document are forward-looking in nature and relate to date.  We have acquired a patenttrends and events that may affect the Company’s future financial position and operating results.  The words “expect” “anticipate” and similar words or expressions are seeking to develop a prototype and although we have not yet engaged a manufacturer to developidentify forward-looking statements.  These statements speak only as of the prototype and implement a strategic marketing plan for bringing our product to global markets,date of the document; those statements are based on our preliminary discussionscurrent expectations, are inherently uncertain and should be viewed with certain manufacturing vendors we believe that it will take approximately threecaution.  Actual results may differ materially from the forward-looking statements as a result of many factors, including changes in economic conditions and other unanticipated events and conditions.  It is not possible to four months to construct a basic marketing strategy. If and when we have a viable strategy, depending on the availability of funds, we estimate that we would need approximately an additional four to six months to bring this product to market. Our objective is to manufacture the product through third party sub-contractors and market the product ourselves, and/foresee or to licenseidentify all such factors.  The Company makes no commitment to update any forward-looking statement or to disclose any facts, events or circumstances after the manufacturing rightsdate of this document that may affect the accuracy of any forward-looking statement.
PLAN OF OPERATIONS
Liquidity, Capital Resources and related technology to third party manufacturers who would then assume responsibilityOperations:
During the fiscal year ended December 31, 2009 and fiscal year ended December 31, 2008, net cash used by operating activities was $1,127,449 and $ 75,098, respectively. The Company incurred net losses of $ 3,630,262and $80,902 for marketingthe fiscal year ended December 31, 2009 and sales.

LIQUIDITY AND CAPITAL RESOURCES

We had $1,381 in cashfiscal year ended December 31, 2008, respectively. Additionally, at December 31, 2008, as compared to cash in2009, the amountCompany had a Stockholders’ (Deficit) of $0 onapproximately $2,834,205.
8

Results of Operations:
For the fiscal year ended December 31, 2007.  In2009 versus December 31, 2008
For the fiscal year ended December 31, 2009, the Company had $128,288 in sales as of December 31, 2009. The company did not have any sales for the year ended December 31, 2008 we funded our activities through the issuance of 2,000,000 shares of our common stock, for aggregate gross proceeds of approximately $80,000.

There is not enough cash on hand to fund ourGeneral and administrative and other operating expenses or our proposed research and development programincreased by $1,454,184 for the next twelve months,fiscal year ended December 31, 2009 vs. December 31, 2008.  This increase was due to the increase in professional fees and we do not anticipate that we will generate any revenues from operations foroverall expenses related to the next twelve months

11


Our auditors have issued an opinion on our financial statements which includes a statement describing our going concern status. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months, unless we obtain additional capital to pay our bills and meet our other financial obligations. This is because we have not generated any revenues and no revenues are anticipated until we begin marketing the product. Accordingly, we must raise capital from sources other than the actual salestart-up of the productCameroon subsidiary.
The net loss increased from $80,902 ($.00 per share) to implement our plan of operations and stay in business.

RESULTS OF OPERATIONS

We are a development stage company and have not generated any revenues to date.  Our expenses in$3,630,262 ($.01 per share) For the fiscal year ended December 31, 2009 vs. fiscal year ended December 31, 2008, amountedrespectively.  This increase of approximately $3,549,360 was directly related to $80,902,the increase in general and administrative expenses explained above and losses due to derivative transactions. 
We have, in our history, generated limited income from operations, have incurred substantial expenses and have sustained losses. In addition, we expect to continue to incur significant operating expenses. As a result, we will need to generate significant revenues to achieve profitability, which may not occur. We expect our operating expenses to increase as compareda result of our planned expansion. Even if we do achieve profitability, we may be unable to $4,950sustain or increase profitability on a quarterly or annual basis in the period from November 7 2007 (inception)future. We expect to December 31, 2007.  Expenseshave quarter-to-quarter fluctuations in 2008 included $60,437 in professional fees, incurred in connection with the preparationrevenues, expenses, losses and cash flow, some of which could be significant. Results of operations will depend upon numerous factors, some beyond our control, including regulatory actions, market acceptance of our financial statementsproducts and reports to the Securitiesservices, new products and Exchange Commissionservice introductions, and the registration of our common stock on Form SB-2, $18,500 in consulting fees, $456  in amortization and $1,509 of other misc expenses.competition.

Our net loss in the year ended December 31, 2008,  amounted to $80,902, as compared to $4,950 in the period from November 7, 2007 (inception) to December 31, 2007.Currency Fluctuations/Inflation:

The amounts presented in the financial statements do not provide for the effect of inflation on the Company’s operations or its financial position. Amounts shown for machinery, equipment and leasehold improvements and for costs and expenses reflect historical cost and do not necessarily represent replacement cost. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.
 
OFF-BALANCE SHEET ARRANGEMENTSOff-Balance Sheet Arrangements
 
We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.
 
Financings
On April 9, 2009, the Company entered into a $100,000 Convertible Promissory Note with Greenburg (“Greenburg” or “Lender”) with an interest rate of 18% per annum. The convertible promissory note is convertible in whole or in part at the Company's option into shares of the Company’s common stock (the “Common Stock”) at $0.25 per share.  However if the Company is in default of payment, the Holder may elect to convert, by a written notice of conversion at a $0.25 conversion price less a penalty for the default. Interest shall accrue to and through the day prior to the date of conversion. The number of shares of Common Stock issuable upon conversion shall be determined by dividing the sum of the outstanding principal of this Note being converted plus the accrued and unpaid interest payable with respect to the principal amount of this Note being converted by the Conversion Price then in effect. In connection with the above note the Company issued the lender 1,000,000 warrants with an exercise price of $0.001 a share. The fair value of the warrants issued in connection with the convertible debt will be treated as debt discount and amortized over the life of the convertible note.

On June 29, 2009, the Company entered into a $750,000 Convertible Promissory Note with Marvin Mermelstein (“Mermelstein” or “Lender”) with an interest rate of 18% per annum. The convertible promissory note is convertible in whole or in part at the Company's option into shares of the Company’s common stock (the “Common Stock”) at $0.25 per share.  However if the Company is in default of payment, the Holder may elect to convert, by a written notice of conversion at a $0.25 conversion price less a penalty for the default. Interest shall accrue to and through the day prior to the date of conversion. The number of shares of Common Stock issuable upon conversion shall be determined by dividing the sum of the outstanding principal of this Note being converted plus the accrued and unpaid interest payable with respect to the principal amount of this Note being converted by the Conversion Price then in effect. In connection with the above note the Company issued the lender 75,000,000 warrants with an exercise price of $0.001 a share. The fair value of the warrants issued in connection with the convertible debt will be treated as debt discount and amortized over the life of the convertible note.

9


On November 12, 2009, the Company entered into a $100,000 Convertible Promissory Note with MKM (“MKM” or “Lender”) with an interest rate of 18% per annum. The convertible promissory note is convertible in whole or in part at the Company's option into shares of the Company’s common stock (the “Common Stock”) at $0.25 per share.  However if the Company is in default of payment, the Holder may elect to convert, by a written notice of conversion at a $0.25 conversion price less a penalty for the default. Interest shall accrue to and through the day prior to the date of conversion. The number of shares of Common Stock issuable upon conversion shall be determined by dividing the sum of the outstanding principal of this Note being converted plus the accrued and unpaid interest payable with respect to the principal amount of this Note being converted by the Conversion Price then in effect. In connection with the above note the Company issued the lender 1,000,000 warrants with an exercise price of $0.001 a share. The fair value of the warrants issued in connection with the convertible debt will be treated as debt discount and amortized over the life of the convertible note.

On November 12, 2009, the Company entered into a $25,000 Convertible Promissory Note with Fuse Management Corporation (“Fuse” or “Lender”) with an interest rate of 18% per annum. The convertible promissory note is convertible in whole or in part at the Company's option into shares of the Company’s common stock (the “Common Stock”) at $0.25 per share.  However if the Company is in default of payment, the Holder may elect to convert, by a written notice of conversion at a $0.25 conversion price less a penalty for the default. Interest shall accrue to and through the day prior to the date of conversion. The number of shares of Common Stock issuable upon conversion shall be determined by dividing the sum of the outstanding principal of this Note being converted plus the accrued and unpaid interest payable with respect to the principal amount of this Note being converted by the Conversion Price then in effect. In connection with the above note the Company issued the lender 250,000 warrants with an exercise price of $0.001 a share. The fair value of the warrants issued in connection with the convertible debt will be treated as debt discount and amortized over the life of the convertible note.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Our international operations have exposure to foreign currency rate risks, primarily due to fluctuations in the Cameroon Franc (CFA). We historically have not entered into currency rate hedges with respect to our exposure from operations, although we may do so in the future.
Some of our products are sold as commodities and therefore sales prices fluctuate daily based on market factors over which we have little or no control.
Smaller reporting companies are not required to provide disclosure pursuant to this Item.





Effective January 15, 2010, Seligson & Giannattasio, LLP., 723 N Broadway, White Plains, NY 10603, (914) 428-5560  has been retained the independent auditor of Ecologix Resource Group, Inc., the Registrant, and was retained as independent auditor of the Company for the fiscal year ending December 31, 2009

UnderManagement of the supervisionCompany is responsible for the preparation and integrity of the consolidated financial statements appearing in our annual report on Form 10-K.  The financial statements were prepared in conformity with generally accepted accounting principles appropriate in the participationcircumstances and, accordingly, include certain amounts based on our best judgments and estimates.   Financial information in this annual report on Form 10-K is consistent with that in the financial statements.

Management of our management, including our Chief Executive Officer and Chief Financial/Accounting Officer, we evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of December 31, 2008. Based upon that evaluation, our Chief Executive Officer and Chief Financial/Accounting Officer concluded that our disclosure controls and procedures were effective, as of December 31, 2008, to ensure that information we are required to disclose in reports that we file or submit under the Exchange Act (i) is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission’s rules and forms, and (ii) is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial/Accounting Officer, as appropriate, to allow timely decisions regarding required disclosure.

13


Our managementCompany is responsible for establishing and maintaining adequate internal control over financial reporting (asas such term is defined in RuleRules 13a-15(f) under the Securities Exchange Act)Act of 1934 (“Exchange Act”).  The Company’s internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the consolidated financial statements.  Our internal control over financial reporting is supported by a program of internal audits and appropriate reviews by management [, written policies and guidelines, careful selection and training of qualified personnel and a written Code of Business Conduct adopted by our Company’s Board of Directors, applicable to all Company Directors and all officers and employees of our Company and subsidiaries].

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectivenessmisstatements and even when determined to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate.
Under the supervision and with the participation of our management, including our Chief Executive Officer, we conducted an assessment of the effectiveness of our internal control over financial reporting as of December 31, 2007. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework as supplemented by the COSO publication, Internal Control over Financial Reporting - Guidance for Smaller Public Companies. Based on this evaluation, our management concluded that our internal control over financial reporting wasbe effective, as of December 31, 2007 based on these criteria.
This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit us to providecan only management’s report in this annual report.

Item 9A(T).  Controls and Procedures.

Management’s Annual Report on Internal Control Over Financial Reporting

The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)). The Company’s internal control over financial reporting is a process designed under the supervision of the Company’s principal executive officer and principal financial officer, to provide reasonable assurance regarding the reliability ofwith respect to financial reportingstatement preparation and the preparation of the Company’s financial statements for external reporting purposes in accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.presentation.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

14

The Company’s management, with oversight and input from the Company’s Chief Executive Officer and Chief Financial/Accounting Officer, conducted an assessment ofManagement assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2008.  The Company’s2009.  In making this assessment, management based its assessment onused the criteria set forth by the[the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-IntegratedControl—Integrated Framework as supplemented by the COSO publication, Internal Control over Financial Reporting - Guidance for Smaller Public Companies..  Based on our assessment, management believes that the Company maintained effective internal control over financial reporting as of December 31, 2008.
Within the ninety-day period preceding the filing of this report, our management evaluated the effectiveness of the design and operation of its disclosure controls and procedures (the “Disclosure Controls”) as of the end of the period covered by this Form 10-K and (ii) any changes in internal controls over financial reporting that occurred during the last quarter of our fiscal year.  This evaluation (“Controls Evaluation”) was done under the supervision and with the participation of management, including the Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”).
Limitations on the Effectiveness of Controls
A control system, no matter how well conceived and operated, can provide only reasonable, no absolute, assurance that framework, the Company’s managementobjectives of the control systems are met.  Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.  Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.  Because of the inherent limitation in a cost effective control system, misstatements due to error or fraud may occur and not be detected.  We will conduct periodic evaluations of our internal controls to enhance, where necessary, our procedures and controls.
Conclusions
Based upon the Controls Evaluation, the CEO and CFO have concluded that the Disclosure Controls are effective in reaching a reasonable level of assurance that management is timely alerted to material information relating to the Company during the period when its periodic reports are being prepared.  In accord with the U.S. Securities and Exchange Commission’s requirements, the CEO and CFO conducted an evaluation of the Company’s internal control over financial reporting was effective as of December 31, 2008.

This annual report does not include an attestation report of(the “Internal Controls”) to determine whether there have been any changes in Internal Controls that occurred during the Company’s registered public accounting firm regarding internal control over financial reporting.  The Company’s management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only it’s management’s report in this annual report.

During the year ended December 31, 2008, there was no change in our internal control over financial reporting that hasquarter which have materially affected or iswhich are reasonably likely to materially affect our internal control over financial reporting.Internal controls.  Based on this evaluation, there have been no such changes in Internal Controls during the last quarter of the period covered by this report.

1511

Item 9b. Other Information
None
Part III

Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act.

The following arewere elected to the current Board of Directors.Directors, effective March 24, 2009:

Name Age Position
George C. ShenJason Fine 47 Chairman (Director), Chief Executive Officer, and PresidentSecretary
Yaffa Zwebner 42 Secretary and
Dr. Juan Avila50Director

George C. Shen
Mr. Shen has extensive management experience, most recently as founder andJason Fine, Chairman, Chief Executive Officer and Secretary
Mr. Fine is the Senior Advisor to Ambassador Juan Avila, the Dominican Republic’s Permanent Mission to the United Nations and Chairman of Spectra Resources,the American Teleservices Associations International Committee. The latest company he founded for which he served as CEO and remains a company specializingboard member of, The Contact Center Institute of the Americas (CCI) is recognized as the driving force fueling investment into the Dominican Republic. Now considered one of the most attractive locations in the procurementCaribbean and Latin American (CALA) regions for the Outsourced Contact Center Industry, which has enabled CCI to rapidly begin the process expanding operations throughout the Dominican Republic and other Latin American countries. Its parent company Fine Marketing Solutions, which over a three-year period has secured in excess of $41,000,000 US dollars of outsourcing contracts, has been selected by the government of Honduras to create and globally brand this industry for the entire country.
During his tenure with Accenture and while serving in senior leadership positions with other companies, Mr. Fine has worked with numerous Fortune 500 organizations assisting to market, sell and serve their customer bases.
Mr. Fine graduated with high honors and member of the President’s list from the University of Iowa with a B.A. in psychology from the University of Iowa.
Jason fine has resigned as CEO Effective April 16, 2010 to apply his full efforts towards his existing business at Fine Marketing Solutions.

Ambassador Dr. Juan Avila - Director  - 50
In 2004 President Lionel Fernandez appointed Ambassador Dr. Juan Avila as the Dominican Republic’s Permanent Mission to the United Nations. Based in New York City, Ambassador Avila has spent the past twenty-nine years working in variety of capacities with the United Nations various NGOs and the with Government of the Dominican Republic. Since 1988 Ambassador Avila has been working closely with, WAFUNIF, a UN sponsored organization that is dedicated to mobilizing UN Alumni and sitting members to influence change throughout the world. Due to Ambassador Avila’s tenure and deep roots with WAFUNIF he is known as an expert in comparative and international education issues related to youth; international migration and reverse transfer of technology; promotion of technical cooperation among developing countries; special environment and development projects; educational and institutional research; fund-raising strategies; administration, strategic planning and management of natural resourcesnon-governmental organizations.
Ambassador Avila is fluent in emerging countriesEnglish, Russian and Spanish and currently heads the bilingual program for principally Asian markets. Prior to founding Spectra Resources, Mr. Shen was an independent consultant representing such companies as Clarion Communications, Hiller Aircrafts, Davis PetroleumFordham University in New York. He has attended international meetings and Royal Energy.conferences around the globe dealing with topics, which include but are not limited to; economic and social reform, human rights (WHO), environmental programming and labor organization.  

Mr. Shen has acquired unique insight into AfricaAmbassador Avila received his PH.D in Philosophy in Education from Fordham University, New York.  Doctor of Philosophy (Ph.D.) in Education, 2000, his experience with Spectra Resources and previously,Master of Science in Mathematics from 1990 - 1992, when he worked as the Chief Operating Officer of Southern Cross Apparel in Southern Africa. During that turbulent period, after Mr. Nelson Mandela was first released, few factories were operating normally, and Mr. Shen implemented a relocation plan, and oversaw the development and implementationThe City College of the Company's business plan, including all facetsCity University of the Company's operationsNew York, New York and the recruitmenthis Master of Science in System Engineering and training of 800 employees.

Mr. Shen has served in the United States Marine Corps, receiving numerous citations and awards, and after Sept. 11, he voluntarily returned to service by enlisting in the California Guard.

Mr. Shen received his Bachelor of ArtsEngineering in Computer Science from ChapmanKharkov Polytechnic University, his M.B.A from Central China Normal University, and is presently completing his studies for a J.D. and an L.L.M.
Yaffa Zwebner
Mrs Zwebner graduated from the Jerusalem College for Women in Jerusalem Israel where she studied from 1985 until 1989 and earned her Bsc degree in Teaching Technology and Communication. From the years 1990 until 1995 Mrs Zwebner taught at the Queens Jewish Acadamy for the Girls High School, biblical studies, mathematic computers and communication. From 1995 until present Mrs Zwebner taught and teaches currently at the Jerusalem Public Jewish PrimaryGraduate School of Giloh, mathematics, computers and communication. She also serves as an Executive on the Hazardous Traffic committee, a non-profit governmental organization set up to promote careful driving and adherence to the traffic safety rules and regulations.Engineering, USSR

1612

 
Item 11.
Item 11. Executive Compensation

For the fiscal year ended December 31, 2008,2009, no Officer/Director has been compensated with salaries or other form of remuneration except as set forth below:

Shown on the table below is information on the annual and long-term compensation for services rendered to the Registrant in all capacities, for the fiscal year ending December 31, 2007 (our first year in existence), and in 20082009, paid by the Registrant to all individuals serving as the Registrant's chief executive officer or acting in a similar capacity during the fiscal year ending December 31, 2007 (our first year in existence),and in 20082009, regardless of compensation level. During this fiscal year, the Registrant did not pay aggregate compensation to any executive officer in an amount greater than $100,000.

    Annual Compensation  Long Term Compensation 
Name Title Year Salary  Bonus  
Other Annual
Compensation
  
Restricted
Stock

Awarded
  
Options/
SARs
(#)
  
LTIP
payouts
($)
  
All Other
Compensation
 
George Shen 
Chairman (Director)
President,
CEO,
 2008 $0   0   0   0   0   0   0 
                                 
Yaffa Zwebner Secretary and Director 2008 $0   0   0   0   0   0   0 
                                 
Nachom Kiper
 
 
Former
Director and
Secretary
 2008 $0   0   0   0   0   0   0 
    Annual Compensation  Long Term Compensation 
Name Title Year Salary  Bonus  
Other Annual
Compensation
  
Restricted Stock
Awarded
  
Options/
SARs (#)
  
LTIP
payouts
($)
  
All Other
Compensation
 
Jason Fine 
Chairman (Director)
President,
CEO,
 2009 $0   0   0   0   0   0   0 
                                 
YaffaZwebner 
Former
Secretary and Director
 2009 $0   0   0   0   0   0   0 
                                 
NachomKiper 
Former
Director and
Secretary
 2009 $0   0   0   0   0   0   0 

Director Compensation

Our directors receive no compensation for their services as director, at this time, other than what has already been paid by the issuance of shares of common stock.

Director and Officer Insurance

The Company does not have directors and officers (“D & O”) liability insurance at this time.


Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management

The following table sets forth certain information, as of February 23 2009,March 15, 2010, concerning shares of common stock of the Registrant,Company, the only class of its securities that are issued and outstanding, held by (1) each shareholder known by the Registrant to own beneficially more than five percent of the common stock, (2) each director of the Registrant, (3) each executive officer of the Registrant, and (4) all directors and executive officers of the Registrant as a group:

Name of Beneficial Owner Amount and Nature of Beneficial Ownership  
Percentage of
Shares
Outstanding
 
Jason Fine
C/o The Company
  1,082,820   .002%
Central African Holdings
KM 271/2 La Calenta
Boca Chica, Santo Domingo, Dominican Republic
Need to add new address
  123,740,000   24
Triumph Small Cap Fund, Inc.
1000Woodbury Rd,
Woodbury, NY
  48,708,930(1)  9.72%
         
Directors and officers as a group (1 persons)  124,822,820   24.3%

(1) Kenneth Orr is the President of Triumph Small Cap Fund, Inc and the Control person for the shares of common stock held.
 
Officers, Directors and 5% Stockholders No. of Shares  Percentage Ownership 
       
Nachom Kiper  6,000,000   24%
         
Yaffa Zwebner  6,000,000   24%
         
George Shen  2,410,950   9.6%
         
All  14,410,950   57.6%

13

Item 13.Certain Relationships and Related Transactions, Issuance of Stock

Noneand Director Independence
 
Transactions with Related persons
None
Directors Independence
(a) During the fiscal year ended December 31, 2009, Dr. Avila, qualified as an independent director.

(b) The total number of meetings of the board of directors of the Registrant for the fiscal year was ____; this amount included telephonic meetings and/or Written Consents of the board of directors.  The Registrant currently has no formal policy regarding attendance at the annual meeting of security holders.  Currently we have no standing audit or nominating or compensation committees of the board of directors.

Item 14.Principal Accountant
Item 14. Principal Accounting Fees and Services.
 
Audit Fees Paid to Principal Accountant
 
Weinberg & Associates LLCDuring the fiscal year ended December 31, 2009, we paid a total of Baltimore, MD has served as the Company’s independent auditor since inception. During each of our 2008 and 2007 fiscal years,  the aggregate$40,000 in audit, audit-related, tax or other fees which were billed to us by our independent auditorpaid for professional services wererendered by the independent certified public accountant who audited the financial statements of the Delaware corporation that are filed herewith as follows:

Audit $14,000
Tax $1,000

18


Audit Committee Pre-Approvalthose of Audit and Permissible Non-Audit Services of Independent Registered Public Accounting Firm.the Company.  See Item 7, “Financial Statements”, above.
 
As ofAll Other Fees
During the fiscal year ended December 31, 2008,2009, the Board hasRegistrant did not established a formal documented pre-approval policy for the fees of our principal accountant.

The percentage of hours expended on the principal accountant's engagement tohave an audit our financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant's full-time, permanent employees was 0%.

Part 1V
Item 15.  Exhibits

Index to Exhibitscommittee.

3.1(1)Articles of Incorporation of the Company
3.2 (1)By-Laws of the Company
3.3 (1)Form of Common Stock Certificate of the Company
10.1 (1) Acquisition of Patent/Technology rights to Battery Control Corporation
31.1 (2)Certification of the Chief Executive Officer and Chief Financial/Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1 (2)Certification of Chief Executive Officer and Chief Financial/Accounting Officer pursuant to 18 U.S.C. Section 1350, as Adopted, pursuant to section 906 of the Sarbanes-Oxley act of 2002 (2)

(1)Previously filed as an exhibit to the Company’s Form SB-2 filed on July 30, 2007 as amended, and subsequent filings
(2)Filed herewith
1914

 
Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, Battery Control Corp. has duly caused this Report to be signed on behalf of the undersigned thereunto duly authorized on February 23, 2009.
ECOLOGIX RESOURCE GROUP INC.
 
Battery Control Corp.INDEX TO FINANCIAL STATEMENTS
By:    /s/ George C. Shen
George C. Shen, Chairman (Director) Chief Executive Officer and President
DECEMBER 31, 2009 AND 2008
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed by the following persons in the capacities indicated and on February 23, 2009.

SignatureTitleDate
/s/ George C. ShenChairman (Director) and ChiefFebruary 23 2009
George C. Shen Executive Officer and PresidentReport of Registered Independent Auditors  

SignatureF-2 TitleDate
     
/s/ Yaffa ZwebnerDirector and SecretaryFebruary 23, 2009
Yaffa ZwebnerFinancial Statements-    
20

BATTERY CONTROL CORP.
(A DEVELOPMENT STAGE COMPANY)
INDEX TO FINANCIAL STATEMENTS
DECEMBER 31, 2008 AND 2007

Report of Registered Independent AuditorsF-2
  
Financial Statements- 
  
Balance Sheets as of December 31, 20082009 and 20072008F-3F-4
  
Consolidated Statements of Operations for the Years Ended
December 31, 20082009 and 2007, and Cumulative from Inception
2008,
 F-4F-5
  
Statement of Stockholders’ Equity for the Period from Inception 
ThroughConsolidated Statement of Stockholders’ (Deficit) for the Years Ended December 31, 2009 and 2008F-5F-6
  
Consolidated Statements of Cash Flows for the Years Ended December 31, 20082009 and 2007,2008,F-7 
and Cumulative from InceptionF-6
  
Notes to Consolidated Financial StatementsF-7F-8
 
F-1








/s/ Alan Weinberg CPA
Weinberg & Associates, LLC
Baltimore, Maryland

F-2


BATTERY CONTROL CORP.
(A DEVELOPMENT STAGE COMPANY)REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and
Stockholders of Ecologix Resource Group, Inc.
We have audited the accompanying consolidated balance sheet of Ecologix Resource Group, Inc. and subsidiary as of December 31, 2009 and the related consolidated statements of operations, comprehensive income, stockholders’ deficit, and cash flows for the year then ended. Ecologix Resource Group, Inc.’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.  In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Ecologix Resource Group, Inc. as of December 31, 2009, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.
The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has incurred significant recurring losses. The realization of a major portion of its assets is dependent upon its ability to meet its future financing needs and the success of its future operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from this uncertainty.
Seligson & Giannattasio, LLP
White Plains, NY
May 14, 2010
F-3

ECOLOGIX RESOURCE GROUP INC.
CONSOLIDATED BALANCE SHEETS (NOTE 2)
AS OF DECEMBER 31, 20082009 AND 20072008
 
 2008  2007  2009 2008 
ASSETS           
Current Assets:           
Cash in bank $1,381  $-  $9,974 $1,381 
             
Total current assets 1,381  -   9,974  1,381 
             
Other Assets:             
Patent, net of amortization of $456 15,044  15,500 
Deferred offering costs  -   20,000 
Property, plant and equipment, net of depreciation 169,592 - 
Patent, net of amortization - 15,044 
Timber rights, net  2,000,000  - 
             
Total other assets  15,044   35,500   2,169,592  15,044 
             
Total Assets $16,425  $35,500  $2,179,566 $16,425 
             
LIABILITIES AND STOCKHOLDERS' EQUITY        
LIABILITIES AND STOCKHOLDERS' DEFICIT     
             
Current Liabilities:             
Accounts payable $105,532 $- 
Accrued liabilities $8,548  $29,200   239,541  8,548 
Convertible Debt 312,729   
Derivative Liability 4,049,512   
Loans from related parties - Directors and stockholders  40,463   11,250   306,457  40,463 
        
Total current liabilities  49,011   40,450 
             
Total liabilities  49,011   40,450   5,013,771  49,011 
             
Commitments and Contingencies             
             
Stockholders' (Deficit)             
Common stock, par value $.0001 per share, 200,000,000 shares authorized; 25,000,000 and 15,000,000 shares issued and outstanding, respectively  2,500   1,500 
Convertible preferred stock, par value $.0001 per share, 2,000,000,000 shares authorized; 501,000,000 and 500,000,000 shares issued and outstanding, respectively 100 - 
Common stock, par value $.0001 per share, 2,000,000,000 shares authorized; 501,000,000 and 500,000,000 shares issued and outstanding, respectively 50,100 50,000 
Additional paid-in capital 51,966  -  851,869 5,966 
Discount on common stock (1,200) (1,200) (2,700) (2,700)
Stock subscriptions receivable -  (300)
(Deficit) accumulated during the development stage  (85,852)  (4,950)
        
Total stockholders' (deficit)  (32,586)  (4,950)
Accumulated other comprehensive (loss) income  (17,460) - 
Accumulated Deficit  (3,716,114)  (85,852) 
(Total stockholders' (deficit)  (2,834,205)  (32,586)
             
Total Liabilities and Stockholders' (Deficit) $16,425  $35,500  $2,179,566 $16,425 
 
The accompanying notes to consolidated financial statements
are an integral part of these financial statements.

F-3F-4


 Year Ended  Year Ended  Cumulative  Year Ended Year Ended 
 December 31,  December 31,  From  December 31, December 31, 
 2008  2007  Inception  2009 2008 
              
Revenues $-  $-  $-  $128,288 $- 
                 
Expenses:                 
General and administrative-            
General and administrative 595,766  - 
Salaries and wages 136,000 - 
Professional fees 60,437  2,750  63,187  258,010 60,437 
Legal - incorporation -  2,200  2,200 
Consulting 18,500  -  18,500  530,266 18,500 
Amortization 456  -  456  15,044 456 
Other  1,509   -   1,509   -  1,509 
                 
Total general and administrative expenses  80,902   4,950   85,852   1,535,086  80,902 
                 
(Loss) from Operations (80,902) (4,950) (85,852) (1,406,798) (80,902)
                 
Other Income (Expense) -  -  - 
            
Interest Expense (291,610) - 
Gain or loss on derivative liability (1,931,854) - 
Provision for income taxes  -   -   -   -  - 
                 
Net (Loss) $(80,902) $(4,950) $(85,852) $(3,630,262) $(80,902)
     
Other Comprehensive Income     
Foreign currency translation (17,460) - 
Comprehensive Income  (3,647,722)  (80,902) 
                 
(Loss) Per Common Share:                 
(Loss) per common share - Basic and Diluted $(0.00) $(0.00)     $(.01) $(0.00)
                 
Weighted Average Number of Common Shares Outstanding - Basic and Diluted  20,780,822   2,290,909       500,419,178  415,616,440 

  Year Ended  Year Ended  Cumulative 
   December 31,  December 31,  From 
  2008  2007  Inception 
          
Operating Activities:         
Net (loss) $(80,902) $(4,950) $(85,852)
Adjustments to reconcile net (loss) to net cash  (used in) operating activities:            
Amortization  456   -   456 
Changes in net liabilities-            
Accrued liabilites  5,348   3,200   8,548 
             
Net Cash Used in Operating Activities  (75,098)  (1,750)  (76,848)
             
Investing Activities:            
Acquisition and costs of patent pending  (6,000)  (9,500)  (15,500)
             
Net Cash Used in Investing Activities  (6,000)  (9,500)  (15,500)
             
Financing Activities:            
Issuance of common stock  80,666   -   80,666 
Deferred offering costs applied  (27,400)  -   (27,400)
Loans from related parties - Directors and stockholders  29,213   11,250   40,463 
             
Net Cash Provided by Financing Activities  82,479   11,250   93,729 
             
Net (Decrease) Increase in Cash  1,381   -   1,381 
             
Cash - Beginning of Period  -   -   - 
             
Cash - End of Period $1,381  $-  $1,381 
             
Supplemental Disclosure of Cash Flow Information:            
Cash paid during the period for:            
Interest $-  $-  $- 
Income taxes $-  $-  $- 
             
Supplemental schedule of noncash investing and financing activities:            
Subscription receivable for common stock $-  $300     
Accrual to acquire patent $-  $6,000     
  Preferred stock  Common stock  
Additional
Paid-in
  
Discount
on Common
  Accumulated  
Stock
Subscriptions
  
Other
Comprehensive
    
  Shares  Amount  Shares  Amount  Capital  Stock  Deficit  Receivable  Income  Totals 
                               
Balance - December 31, 2007  -   -   300,000,000  $30,000  $(27,000) $(2,700) $(4,950) $(300) $-  $(4,950)
                                         
Stock subscription payment received  -   -   -   -   -   -   -   300   -   300 
                                         
Common stock issued  -   -   200,000,000   20,000   32,966   -   -   -   -   52,966 
                                         
Net (loss) for the year  -   -   -   -   -   -   (80,902)  -   -   (80,902)
                                         
Balance - December 31, 2008  -   -   500,000,000  $50,000  $5,966  $(2,700) $(85,852) $-  $-  $(32,586)
                                         
Common stock issued for cash  -  $-   1,000,000  $100  $49,900  $-  $-  $-  $-  $50,000 
                                         
Shareholder capital contribution (loan forgiven)                  44,443                   44,433 
                                         
Convertible preferred stock issued for intangible assets  10,000   100   -   -   751,560   -   -   -   -   751,660 
                                         
Foreign currency translation  -   -   -   -   -   -   -   -   (17,460)  (17,460)
                                         
Net (loss) for the year  -   -   -   -   -   -   (3,630,262)  -   -   (3,530,262)
                                         
Balance - December 31, 2009  10,000   100   501,000,000  $50,100  $851,869  $(2,700) $(3,716,114) $-  $(17,460)  (2,834,205)


BATTERY CONTROL CORP.
(A DEVELOPMENT STAGE COMPANY)ECOLOGIX RESOURCE GROUP INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008,
  Year Ended  Year Ended 
   December 31,  December 31, 
  2009  2008 
       
Operating Activities:      
Net (loss) $(3,630,262) $(80,902)
Adjustments to reconcile net (loss) to net cash  (used in) operating activities:        
Amortization and depreciation  27,657   456 
Loss on derivative liablility  1,931,584     
Amortization of debt discount  207,047     
Changes in net liabilities-        
         
Accounts payable  105,532   - 
Accrued liabilities  230,993   5,348 
         
Net Cash Provided by (Used in) Operating Activities  (1,127,449)   (75,098)
         
Investing Activities:        
Purchases of Property Plant and Equipment  (181,935)  - 
         
Acquisition and costs of patent pending  -   (6,000)
         
Net Cash Used in Investing Activities  (181,935)  (6,000)
         
Financing Activities:        
Issuance of common stock  50,000   80,666 
Deferred offering costs applied  -   (27,400)
         
Proceeds from issuance of notes payable  975,000   - 
         
Loans from related parties - Directors and stockholders  310,437   29,213 
         
Net Cash Provided by Financing Activities  1,335,437   82,479 
         
Effect of Exchange rates on Cash  (17,460)  - 
         
Net (Decrease) Increase in Cash  8,593   1,381 
         
Cash - Beginning of Period  1,381   - 
         
Cash - End of Period $9,974  $1,381 
         
Supplemental Disclosure of Cash Flow Information:        
Cash paid during the period for:        
Interest $44,750  $- 
         
Noncash investing and financing activities        
Acquisition of timber rights through issue of preferred stock $2,000,000  $- 
The accompanying notes to consolidated financial statements are
an integral part of these statements.
F-7

ECOLOGIX RESOURCE GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 
(1)   Summary of Significant Accounting Policies

Basis of Presentation and Organization

Battery Control Corp.Ecologix Resource Group (“Battery Control”Ecologix” or the “Company”) is a Delaware corporationnatural resource company focused on the harvesting, and marketing of high quality timber while pursuing the production of alternative energy solutions. The Company manages tropical hardwood forest in the development stage and has not commenced operations. Republic of Cameroon in Central Africa. The Company harvests a variety of species of hardwood.

The Company was incorporated under the laws of the State of Delaware on November 7, 2007. The Company was formerly known as Battery Control Corp. and changed its name to Ecologix Resource Group, Inc. on July 14, 2009.  Due to opportunities regarding our timber business, plan of the Company has decided that it is necessary to develop a commercial application ofapply all personnel, finances and other resources towards the design in a patenttimber operations and discontinue the patented pending of a “Method and apparatus for battery testing and measuring”, which is a device intended to provide battery testing and measuring. The Company also intends to enhance the existing prototype, obtain approval of its patent application, and manufacture and market the product and/or seek third party entities interested in licensing the rights to manufacture and market the device. The accompanying financial statementstechnology of Battery Control were prepared from the accounts of the Company under the accrual basis of accounting.

The Company commenced a capital formation activity to submit a Registration Statement on Form SB-2 to the Securities and Exchange Commissions (“SEC”) to register and sell in a self-directed offering 10,000,000 (post forward stock split) shares of newly issued common stock at an offering price of $0.04 for proceeds of up to $80,000. The Registration Statement on Form SB-2 was filed with the SEC on January 15, 2008 and declared effective on March 10, 2008. As of June 30, 2008, the Company received stock subscriptions for 10,000,000 (post forward stock split) shares of common stock, par value $0.0001 per share, at an offering price of $0.04 per share, and deposited proceeds of $80,000.Corp.

Cash and Cash Equivalents  

For purposes of reporting within the statement of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.

Property, Plant And Equipment

The Company depreciates its assets over their estimated useful lives. The estimated useful lives are 5 years for machinery and equipment, 5 years for furniture and fixtures and the shorter of the useful life or the life of the lease for leasehold improvements. Plant and equipment are carried at historical cost and are depreciated using primarily the straight-line method. Repair and maintenance expenditures are expensed as incurred.

Timber Rights

The Company carried timber rights at historical cost less accumulated amortization. We capitalized the acquisition costs of the user right and allocated that cost to the timberland. Amortization of the user right on timberland is primarily determined using the straight-line method over the life of usage right.
The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value.
 
Revenue Recognition

The Company is in the development stage and has yet to realize revenues from operations. Once the Company has commenced operations, it will recognize revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.
F-8

Stock Splits

On December 1, 2008, the Company implemented a 5 for 1 forward stock split on its issued and outstanding shares of common stock.  On March 24, 2009, the Company implemented a 2 for 1 forward stock split on its issued and outstanding shares of common stock.  On December 4, 2009, the Company implemented a 10 for 1 forward stock split on its issued and outstanding shares of common stock.  The accompanying financial statements and related notes thereto have been adjusted accordingly to reflect the forward stock splits.
 
Loss per Common Share

Basic loss per share is computed by dividing the net loss attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the period. Fully diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were noPotentially dilutive financial instruments issued or outstandingexcluded from the calculation of loss per share for the period ended December 31, 2008.2009 and 2008 totaled 9,750,000 and none, respectively.

Income Taxes


F-7


BATTERY CONTROL CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws.

Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.

Fair Value of Financial Instruments

The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts the Company could realize in a current market exchange. As

Translation of Foreign Currencies

All assets and liabilities of foreign subsidiaries are translated into dollars at the fiscal year-end (current) exchange rates and components of revenue and expense are translated at average rates for the fiscal year. The resulting translation adjustments are included in shareholders' equity. Gains and losses on foreign currency exchange transactions are reflected in the statement of operations. Net transaction gains and losses credited or charged to “Other comprehensive income” for the fiscal years ended December 31, 2009 and 2008 the carrying value of accrued liabilities,were $17,461 and loans from directors and stockholders approximated fair value due to the short-term nature and maturity of these instruments.$0, respectively.
 
Patent and Intellectual Property
F-9


Impairment of Long-Lived Assets—Timber Rights

The Company capitalizescontinually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the costs associated with obtaining a Patent or other intellectual property associated with its intended business plan. Such costs are amortized over the estimated useful lives of the related assets.
Deferred Offering Costs

The Company defers as other assets the direct incremental costs of raising capital until such time as the offering is completed. At the time of the completion of the offering, the costs are charged against the capital raised. Should the offering be terminated, deferred offering costs are charged to operations during the period in which the offering is terminated.
Impairment of Long-Lived Assets

The Company evaluatesassesses the recoverability of long-lived assets and the related estimated remaining lives when events or circumstances lead management to believe thatby determining whether the carrying value of an asset may notsuch assets will be recoverable. Forrecovered through undiscounted expected future cash flows. If the period ended December 31, 2008, no events or circumstances occurred for which an evaluationtotal of the recoverabilityfuture cash flows is less than the carrying amount of long-livedthose assets, was required.
Common Stock Registration Expenses

Thethe Company considers incremental costs and expenses related torecognizes an impairment loss based on the registrationexcess of equity securities with the SEC, whether by contractual arrangement ascarrying amount over the fair value of a certain date or by demand,the assets. Assets to be unrelateddisposed of are reported at the lower of the carrying amount or the fair value less costs to original issuance transactions. As such, subsequent registration costs and expenses are expensed as incurred.sell.
 
Estimates

The financial statements are prepared on the basis of accounting principles generally accepted in the United States. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of December 31, 2009 and 2008, and expenses for the period ended December 31, 2009 and 2008, and cumulative from inception.and. Actual results could differ from those estimates made by management.

F-8


BATTERY CONTROL CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
 
Fiscal Year End

The Company has adopted a fiscal year end of December 31.

Recent Accounting Pronouncements
 
In February 2010, FASB issued ASU 2010-9 Subsequent Events (Topic 855) Amendments to Certain Recognition and Disclosure Requirements ("ASU 2010-9"). ASU 2010-9 amends disclosure requirements within Subtopic 855-10. An entity that is an SEC filer is not required to disclose the date through which subsequent events have been evaluated. This change alleviates potential conflicts between Subtopic 855-10 and the SEC's requirements. ASU 2010-9 is effective for interim and annual periods ending after June 2008,15, 2010. The Company does not expect the adoption of ASU 2010-09 to have a material impact on its consolidated results of operations or financial position.
In January 2010, FASB issued ASU 2010-6 Improving Disclosures about Fair Measurements ("ASU 2010-6"). ASU 2010-6 provides amendments to subtopic 820-10 that require separate disclosure of significant transfers in and out of Level 1 and Level 2 fair value measurements and the presentation of separate information regarding purchases, sales, issuances and settlements for Level 3 fair value measurements. Additionally, ASU 2010-6 provides amendments to subtopic 820-10 that clarify existing disclosures about the level of disaggregation and inputs and valuation techniques. ASU 2010-6 is effective for financial statements issued for interim and annual periods ending after December 15, 2010. The Company does not expect the adoption of ASU 2010-06 to have a material impact on its consolidated results of operations or financial position.
In January 2010, FASB issued ASU 2010-2 Accounting and Reporting for Decreases in Ownership of a Subsidiary- a Scope Clarification ("ASU 2010-2"). ASU 2010-2 addresses implementation issues related to the changes in ownership provisions in the Consolidation—Overall Subtopic (Subtopic 810-10) of the FASB Accounting Standards Codification, originally issued as FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements. Subtopic 810-10 establishes the accounting and reporting guidance for noncontrolling interests and changes in ownership interests of a subsidiary. An entity is required to deconsolidate a subsidiary when the entity ceases to have a controlling financial interest in the subsidiary. Upon deconsolidation of a subsidiary, an entity recognizes a gain or loss on the transaction and measures any retained investment in the subsidiary at fair value. The gain or loss includes any gain or loss associated with the difference between the fair value of the retained investment in the subsidiary and its carrying amount at the date the subsidiary is deconsolidated. In contrast, an entity is required to account for a decrease in ownership interest of a subsidiary that does not result in a change of control of the subsidiary as an equity transaction. ASU 2010-2 is effective for the Company starting January 3, 2010. The Company does not expect the adoption of ASU 2010-2 to have a material impact on the Company's consolidated results of operations or financial position.
F-10

In December 2009, FASB issued ASU 2009-17 Consolidations (Topic 810) Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities ("ASU 2009-17"). ASU 2009-17 amends the FASB ASC for the issuance of FASB Statement No. 167, Amendments to FASB Interpretation No. 46(R). The amendments in ASU 2009-17 replace the quantitative-based risks and rewards calculation for determining which enterprise, if any, has a controlling financial interest in a variable interest entity with an approach focused on identifying which enterprise has the power to direct the activities of a variable interest entity that most significantly impact the entity's economic performance and (1) the obligation to absorb losses of the entity or (2) the right to receive benefits from the entity. ASU 2009-17 also requires additional disclosures about an enterprise's involvement in variable interest entities. ASU 2009-17 is effective as of the beginning of each reporting entity's first annual reporting period that begins after November 15, 2009. The adoption of ASU 2009-17 did not have a material impact on its consolidated results of operations or financial position.
In December 2009, FASB issued ASU 2009-16 Transfers and Servicing (Topic 860) Accounting for Transfers of Financial Assets ("ASU 2009-16"). ASU 2009-16 amends the FASB Accounting Standards Codification for the issuance of FASB Statement No. 166, Accounting for Transfers of Financial Assets—an amendment of FASB Statement No. 140. The amendments in ASU 2009-16 improve financial reporting by eliminating the exceptions for qualifying special-purpose entities from the consolidation guidance and the exception that permitted sale accounting for certain mortgage securitizations when a transferor has not surrendered control over the transferred financial assets. In addition, the amendments require enhanced disclosures about the risks that a transferor continues to be exposed to because of its continuing involvement in transferred financial assets. ASU 2009-16 is effective as of the beginning of each reporting entity's first annual reporting period that begins after November 15, 2009.  The adoption of ASU 2009-16 did not have a material impact on its consolidated results of operations or financial position.
In October 2009, the Financial Accounting Standards Board (“FASB”) issued FASB Staff Position No. EITF No. 03-6-1, “Determining Whether Instruments Grantednew revenue recognition standards for arrangements with multiple deliverables, where certain of those deliverables are non-software related. The new standards permit entities to initially use management’s best estimate of selling price to value individual deliverables when those deliverables do not have Vendor Specific Objective Evidence (“VSOE”) of fair value or when third-party evidence is not available. Additionally, these new standards modify the manner in Share-Based Payment Transactions Are Participating Securities” (“FSP EITF No. 03-6-1”). According to FSP EITF No. 03-6-1, unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalentswhich the transaction consideration is allocated across the separately identified deliverables by no longer permitting the residual method of allocating arrangement consideration. These new standards are considered participating securities under SFAS No. 128. As such, they should be included in the computation of basic earnings per share (“EPS”) using the two-class method. FSP EITF No. 03-6-1 is effective for financial statements issued for fiscal years beginningannual periods ending after DecemberJune 15, 2008, as well as interim periods within those years. Once effective, all prior-period EPS data presented must be adjusted retrospectively.2010 and early adoption is permitted. The Company does not expect FSP EITF No. 03-6-1 to have a materialis currently evaluating the impact of adopting this standard, if any, on the Company’s financial position or results of operations.

In March 2008, the FASB issued Statement No. 161, “Disclosures about Derivative Instruments and Hedging Activities”, an amendment of FASB Statement No. 133 (“SFAS No. 161”). SFAS No. 161 applies to all derivative instruments and nonderivative instruments that are designated and qualify as hedging instruments and related hedged items accounted for under SFAS No. 133. SFAS No. 161 requires entities to provide greater transparency through additional disclosures about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under SFAS No. 133 and its related interpretations, and (c) how derivative instruments and related hedged items affect an entity’sconsolidated financial position, results of operations and cash flows. SFAS No. 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008. The Company does not expect SFAS No. 161 to have a material impact on the Company’s financial position or results of operations.

In December 2007, the FASB issued Statement No. 141 (revised), “Business Combinations” (“SFAS No. 141(R)”). SFAS No. 141(R) significantly changes the accounting for business combinations and establishes principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree and recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase. SFAS No. 141(R) applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008.

In December 2007, the FASB issued Statement No. 160, “Noncontrolling Interests in Consolidated Financial Statements” - an amendment of ARB No. 51 (“SFAS No. 160”). SFAS No. 160 changes the accounting for noncontrolling (minority) interests in consolidated financial statements including the requirements to classify noncontrolling interests as a component of consolidated shareholders’ equity, the elimination of “minority interest” accounting in results of operations and changes in the accounting for both increases and decreases in a parent’s controlling ownership interest. SFAS No. 160 is effective for fiscal years beginning after December 15, 2008, and early adoption is prohibited. The Company does not expect SFAS No. 160 to have a material impact on the Company’s financial position or results of operations.

In February 2007, the FASB issued Statement No. 159 “The Fair Value Option for Financial Assets and Financial Liabilities” including an amendment of FASB Statement No. 115 (“SFAS No. 159”), which allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities under an instrument-by-instrument election. If the fair value option is elected for an instrument, subsequent changes in fair value for that instrument will be recognized in earnings. SFAS No. 159 also establishes additional disclosure requirements and is effective for fiscal years beginning after November 15, 2007, with early adoption permitted provided that the entity also adopts Statement No. 157, “Fair Value Measurements” (“SFAS No. 157”).

F-9


BATTERY CONTROL CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

SFAS No. 159 is not expected to have a material impact on its results of operations or financial position.

In September 2006, the FASB issued SFAS No. 157 which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. SFAS No. 157 applies under other accounting pronouncements that require or permit fair value measurements. SFAS No. 157 is effective for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. In February 2008, the FASB issued FASB Staff Position No. SFAS No. 157-2, Effective Date of FASB Statement No. 157, which provides a one-year deferral of the effective date of SFAS No. 157 for non-financial assets and non-financial liabilities, except those that are recognized or disclosed in the financial statements at fair value on a recurring basis (at least annually). The adoption of SFAS No. 157 for financial assets and financial liabilities is not expected to have a material impact on the Company’s results of operations or financial position.

(2)  Development Stage Activities and   Going Concern

The Company is currentlyaccompanying financial statements have been prepared in conformity with accounting principles generally accepted in the development stage, and has no operations. The business planUnited States of America, which contemplate continuation of the Company isas a going concern. The Company has not established sufficient revenue to develop a commercial applicationcover its operating costs, and as such, has incurred operating losses since inception. Further, as of December 31, 2009, the cash resources of the design inCompany were insufficient to meet its current business plan, and the Company had negative working capital. These and other factors raise substantial doubt about the Company’s ability to continue as a patent pendinggoing concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a “Method and apparatus for battery testing and measuring” which is a device intended to provide battery testing and measuring. The Company also intends to enhance the existing prototype, obtain approval of its patent application, and manufacture and market the product and/or seek third party entities interested in licensing the rights to manufacture and market the device.going concern.

(3)   Patent

In November 2007, the Company entered into an Invention Assignment Agreement with Moshe Averbuch, the inventor, whereby the Company acquired from Moshe Averbuch all of the right, title and interest in the Invention known as the “Method and apparatus for battery testing and measuring” for consideration of $12,000. The Invention is the subject of United States Patent Application 10/707,521 which was filed with the United States Patent and Trademark Office on December 19, 2003. The patent was approved on April 2, 2008. The historical cost of obtaining the Invention of $12,000 and legal fees of $3,500 for the patent was capitalized by the Company as of December 31, 2008. During the year ended December 31, 2009 the Company decided to discontinue the use of the patent.  For the year ended December 31, 2008 the Company recorded amortization expense of $456.  For the year ended December 31, 2009 the Company recorded amortization and impairment expense of $15,044.

F-11


(4)   Timber Rights
As of January 12, 2009 the Company issued convertible preferred shares for timber rights in the Masaka region of Cameroon. The timber rights were valued at the fair value of the preferred stock issued for the use of the timber rights . The balance of the timber rights as of the year ended December 31, 2009 were $2,000,000.
(5)    Property, Plant and Equipment
The following is a summary of property and equipment at December 31, 2009, the company did not have any fixed assets as of December 31, 2008.
  2009 
    
Plant and Machinery $181,935 
Less – Accumulated Deprecition  (12,343)
     
Total net Property, Plant and Equipment $169,592 

Depreciation expenses for the years ended December 31, 2009 and 2008 were $12,343 and $0 respectively.

(6)   Loans from related parties

As of December 31, 2008 the Company had loans due to certain stockholders for $40,463.  These loans represented working capital advances and were unsecured, non-interest bearing, and due on demand.  During the year ended December 31, 2009 these stockholders advanced an additional $3,980.  As of December 31, 2009, these stockholders forgave the loans and contributed the amount of their loan balance to the Company as additional paid in capital.  During the year ended December 31, 2009 another stockholder began making loans to the Company for working capital needs.  These loans were unsecured, non-interest bearing and due on demand. As of December 31, 2009, the balance due to this stockholder was $166,957.

As of December 31, 2009, the Company had a payable due to an officer of the Company for $139,500 which consisted of accrued compensation of $112,500 and reimbursement for expenses paid by the officer on behalf of the company of $27,000.

(7) Convertible Debt

On April 9, 2009, the Company entered into a $100,000 Convertible Promissory Note with Greenburg (“Greenburg” or “Lender”) with an interest rate of 18% per annum. The convertible promissory note is convertible in whole or in part at the Company's option into shares of the Company’s common stock (the “Common Stock”) at $0.25 per share.  However if the Company is in default of payment, the Holder may elect to convert, by a written notice of conversion at a $0.25 conversion price less a penalty for the default. Interest shall accrue to and through the day prior to the date of conversion. The number of shares of Common Stock issuable upon conversion shall be determined by dividing the sum of the outstanding principal of this Note being converted plus the accrued and unpaid interest payable with respect to the principal amount of this Note being converted by the Conversion Price then in effect. In connection with the above note the Company issued the lender 1,000,000 warrants with an exercise price of $0.001 a share. The fair value of the warrants issued in connection with the convertible debt will be treated as debt discount and amortized over the life of the convertible note.

On June 29, 2009, the Company entered into a $750,000 Convertible Promissory Note with Marvin Mermelstein (“Mermelstein” or “Lender”) with an interest rate of 18% per annum. The convertible promissory note is convertible in whole or in part at the Company's option into shares of the Company’s common stock (the “Common Stock”) at $0.25 per share.  However if the Company is in default of payment, the Holder may elect to convert, by a written notice of conversion at a $0.25 conversion price less a penalty for the default. Interest shall accrue to and through the day prior to the date of conversion. The number of shares of Common Stock issuable upon conversion shall be determined by dividing the sum of the outstanding principal of this Note being converted plus the accrued and unpaid interest payable with respect to the principal amount of this Note being converted by the Conversion Price then in effect. In connection with the above note the Company issued the lender 75,000,000 warrants with an exercise price of $0.001 a share. The fair value of the warrants issued in connection with the convertible debt will be treated as debt discount and amortized over the life of the convertible note.

F-12

On November 12, 2009, the Company entered into a $100,000 Convertible Promissory Note with MKM (“MKM” or “Lender”) with an interest rate of 18% per annum. The convertible promissory note is convertible in whole or in part at the Company's option into shares of the Company’s common stock (the “Common Stock”) at $0.25 per share.  However if the Company is in default of payment, the Holder may elect to convert, by a written notice of conversion at a $0.25 conversion price less a penalty for the default. Interest shall accrue to and through the day prior to the date of conversion. The number of shares of Common Stock issuable upon conversion shall be determined by dividing the sum of the outstanding principal of this Note being converted plus the accrued and unpaid interest payable with respect to the principal amount of this Note being converted by the Conversion Price then in effect. In connection with the above note the Company issued the lender 1,000,000 warrants with an exercise price of $0.001 a share. The fair value of the warrants issued in connection with the convertible debt will be treated as debt discount and amortized over the life of the convertible note.

On November 12, 2009, the Company entered into a $25,000 Convertible Promissory Note with Fuse Management Corporation (“Fuse” or “Lender”) with an interest rate of 18% per annum. The convertible promissory note is convertible in whole or in part at the Company's option into shares of the Company’s common stock (the “Common Stock”) at $0.25 per share.  However if the Company is in default of payment, the Holder may elect to convert, by a written notice of conversion at a $0.25 conversion price less a penalty for the default. Interest shall accrue to and through the day prior to the date of conversion. The number of shares of Common Stock issuable upon conversion shall be determined by dividing the sum of the outstanding principal of this Note being converted plus the accrued and unpaid interest payable with respect to the principal amount of this Note being converted by the Conversion Price then in effect. In connection with the above note the Company issued the lender 250,000 warrants with an exercise price of $0.001 a share. The fair value of the warrants issued in connection with the convertible debt will be treated as debt discount and amortized over the life of the convertible note.

The Company evaluated the convertible debt and the warrants under ASC 815 (SFAS 133 "Accounting for Derivatives" and EITF00-19 "Accounting for Derivative Financial Instruments Indexed to and Potentially Settled in a Company's Own Stock"). The Company determined the convertible debentures contained an embedded derivative for the conversion option and the warrants qualified as free standing derivatives. The conversion option allows for an indeterminate number of shares to potentially be issued upon conversion. This results the Company being unable to determine with certainty they will have enough shares available to settle any and all outstanding common stock equivalent instruments. The Company would be required to obtain shareholder approval to increase the number of authorized shares needed to settle those contracts. Because increasing the number of shares authorized is outside of the Company's control, this results in these instruments being classified as liabilities under ASC 815 (EITF 00-19 and derivatives under SFAS 133).

The carrying values of the notes at December 31, 2009 were determined as follows:
  2009 
Notes payable to Greenberg due April 9, 2010, interest rate 18%. $100,000 
Notes payable to Mermelstein due December 29, 2010, interest rate 18%.  750,000 
Notes payable to MKM due November 12, 2010, interest rate 18%.  100,000 
Notes payable to Fuse due November 12, 2010, interest rate 18%.  25,000 
   975,000 
(Less) Debt Discount  (662,271)
Convertible Debt net of discount $312,729 

 (8)   Common Stock 

The Company commenced a capital formation activity to submit a Registration Statement on Form SB-2 to the Securities and Exchange Commissions (“SEC”) to register and sell in a self-directed offering 10,000,000 (post forward stock split) shares of newly issued common stock at an offering price of $0.04 for proceeds of up to $80,000. The Registration Statement on Form SB-2 was filed with the SEC on January 15, 2008 and declared effective on March 10, 2008. As of June 30, 2008, the Company received stock subscriptions for 10,000,000200,000,000 (post forward stock split) shares of common stock, par value $0.0001 per share, at an offering price of $0.04$0.0004 (post forward stock split) per share, and depositedshare.  Total proceeds, net of $80,000.offering costs of $27,034, were $52,966.

F-13

 (9)   Convertible Preferred Stock

The accompanying financial statements have been preparedCompany issued 10,000 convertible preferred shares to Spectra Timber on January 12, 2009 in conformity with accounting principles generally acceptedexchange for timber rights in the United StatesMassaka region of America, which contemplate continuationCameroon. The preferred stock will bear dividends, payable in stock, semi-annually in arrears, at the rate of five per cent (5%) per annum, beginning June 1, 2011. Each preferred share is convertible into a common share, subject to the vote of the Companypreferred share holders, at the option of the holder at any time after January 12, 2021 at the conversion ratio to be determined by multiplying the aggregate number of preferred shares to be converted times 200 and dividing the product by the Conversion Price in effect on the applicable Conversion Date. The conversion ratio is subject to adjustment for events, such as a going concern.unit split, unit dividend, or a specified issuance of units.

The conversion right of the convertible preferred stock represents an embedded derivative as defined in ASC 815 (FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities). The Company estimated the fair value of the embedded derivative to be $1,248,340 on the date of grant which was reclassified from the initial value ascribed to the convertible preferred stock. The Company has not established any source of revenue to cover its operating costs, and as such, has incurred an operating loss since inception. Further,evaluated the fair value as of December 31, 2008,2009 and has assessed that value to be $3,918,415. The increase in the cash resourcesvalue of the Company were insufficientderivative instrument resulted in an unrealized loss of $2,670,075 attributed to meet its current business plan,the conversion option Convertible Preferred Stock for the year ended December 31, 2009.

(10)   Derivatives

The fair values and changes in the Company had negative working capital. Thesederivative liabilities for the year ended December 31, 2009 are as follows:
  Inception  December 31, 2009  Gain/(Loss) 
          
Derivative (Warrants) $792,917  $94,058  $698,858 
Embedded derivative (Convertible Debt) $   76,402  $37,039  $     39,363 
Embedded derivative (Conversion Right Preferred) $1,248,340  $3,918,415  $(2,670,075) 
Total $2,117,659  $4,049,512  $(1,931,853) 
The adjustment to fair value for the changes in the derivative liabilities resulted in a loss for the fiscal year ended December 31, 2009 of $1,931,853. This amount has been debited to expense, and other factors raise substantial doubt aboutrecorded in “Other income and expense” in the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classificationconsolidated statement of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.operations.

F-10F-14

(11) Warrants

BATTERY CONTROL CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTSWarrant Transactions for the years ended December 31, 2009 and 2008 are as follows:

(3)  Patent Pending
  
Numbers of
warrants
  
Weight Average
 Exercise Price
 
       
Outstanding, January 1, 2008  -  $- 
  Granted  -   - 
  Exercised  -   - 
  Expired  -   - 
Outstanding, December 31, 2008  -   - 
  Granted  9,750,000   0.001 
  Exercised  -   - 
  Expired  -   - 
Outstanding, December 31, 2009  9,750,000  $0.001 
Exercisable, December 31, 2009  9,750,000  $0.001 

In November 2007, the Company entered into an Invention Assignment Agreement with Moshe Averbuch, the inventor, whereby the Company acquired from Moshe Averbuch all of the right, title and interest in the Invention known as the “Method and apparatus for battery testing and measuring” for consideration of $12,000. Under the terms of the Assignment Agreement, the Company was assigned rights to the Invention free of any liens, claims, royalties, licenses, security interests or other encumbrances. The inventor of the Invention is not an officer or director of the Company, or an investor or promoter of such. The Invention is the subject of United States Patent Application 10/707,521 which was filed with the United States Patent and Trademark Office on December 19, 2003. The patent was approved on April 2, 2008. The historical cost of obtaining the Invention and legal fees of $3,500 for the patent has been capitalized by the Company, and amounted to $15,500 as of December 31, 2008. The historical cost of the Patent will be amortized over its useful life, which is estimated to be 17 years.

(4)  Loans from Related Parties - Directors and Stockholders

As of December 31, 2008, loans from related parties - Directors and stockholders amounted to $40,463, and represented working capital advances from Directors who are also stockholders of the Company. The loans are unsecured, non-interest bearing, and due on demand.

 (5)  Common Stock

On November 20, 2007, the Company issued 15,000,000 (post forward stock split) shares of its common stock to two individuals who are Directors and officers for proceeds of $300.
The Company commenced a capital formation activity to submit a Registration Statement on Form SB-2 to the Securities and Exchange Commissions (“SEC”) to register and sell in a self-directed offering 10,000,000 (post forward stock split) shares of newly issued common stock at an offering price of $0.04 for proceeds of up to $80,000. The Registration Statement on Form SB-2 was filed with the SEC on January 15, 2008 and declared effective on March 10, 2008. As of June 30, 2008, the Company received stock subscriptions for 10,000,000 (post forward stock split) shares of common stock, par value $0.0001 per share, at an offering price of $0.04 per share, and deposited proceeds of $80,000. Related offering costs amounted to $27,400.

On December 1, 2008, the Company implemented a 5 for 1 forward stock split on its issued and outstanding shares of common stock to the holders of record as of December 1, 2008. As a result of the Split, each holder of record on the Record Date automatically received four additional shares of the Company's common stock. After the Split, the number of shares of common stock issued and outstanding are 25,000,000 shares. The accompanying financial statements and related notes thereto have been adjusted accordingly to reflect this forward stock split.

F-11


BATTERY CONTROL CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS


The provision (benefit) for income taxes for the nine monthsyear ended December 31, 20082009 and 2007,2008, was as follows (assuming a 23% effective tax rate):  

  2009  2008 
       
Current Tax Provision:      
Federal-      
Taxable income $-  $- 
         
Total current tax provision $-  $- 
         
Deferred Tax Provision:        
Federal-        
Loss carryforwards $18,607  $1,139 
Change in valuation allowance  (18,607)  (1,139)
         
Total deferred tax provision $-  $- 
F-15

  2008  2007 
       
Current Tax Provision:      
Federal-      
Taxable income $-  $- 
         
Total current tax provision $-  $- 
         
Deferred Tax Provision:        
Federal-        
Loss carryforwards $18,607  $1,139 
Change in valuation allowance  (18,607)  (1,139)
         
Total deferred tax provision $-  $- 
 
The Company had deferred income tax assets as of December 31, 20082009 and 2007,2008, as follows:
 
 2008  2007  2009 2008 
           
Loss carryforwards $19,746  $1,139  $19,746 $1,139 
Less - Valuation allowance  (19,746)  (1,139)  (19,746)  (1,139)
             
Total net deferred tax assets $-  $-  $- $- 
 
The Company provided a valuation allowance equal to the deferred income tax assets for the period ended December 31, 2008,2009, because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards.

As(12) Fair Value Measurements





F-12F-16

Part IV
Item 15.  Exhibits, Financial Statement Schedules.
Index to Exhibits
(a)
(1)Financial Statements
(2)Financial statement schedules
(3)
(b)
3.1(1) Articles of Incorporation of the Company
3.2 (1) By-Laws of the Company
3.3 (1) Form of Common Stock Certificate of the Company
10.1 (1) Acquisition of Patent/Technology rights to Battery Control Corporation
31.1 (2)Certification of the Chief Executive Officer and Chief Financial/Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1 (2)Certification of Chief Executive Officer and Chief Financial/Accounting Officer pursuant to 18 U.S.C. Section 1350, as Adopted, pursuant to section 906 of the Sarbanes-Oxley act of 2002 (2)

(1)Previously filed as an exhibit to the Company’s Form SB-2 filed on July 30, 2007 as amended, and subsequent filings
(2)Filed herewith

15

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, Ecologix Resource Group. Inc. has duly caused this Report to be signed on behalf of the undersigned thereunto duly authorized on May 17, 2010.
Ecologix Resource Group, Inc.
By:/s/  Jason Fine
Jason Fine,
Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed by the following persons in the capacities indicated and on March 17, 2010.
SignatureTitleDate
/s/ Jason Fine

Jason Fine
Chairman (Director) Chief Executive Officer and SecretaryMay 17, 2010
SignatureTitleDate
/s/ Robert RadoffPresidentMay17, 2010
Robert Radoff

SignatureTitleDate
/s/ Dr. Juan AvilaDirectorMay 17, 2010
Dr. Juan Avila

16