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10. Stockholder's Equity
6 Months Ended
Jun. 30, 2011
Stockholders' Equity Note Disclosure [Text Block]
10.       Stockholder's Equity

Authorized Shares

On January 21, 2011, the Company's Board of Directors, and by a vote of the majority of the voting shares of the Corporation, approved an increase of the authorized shares of the Corporation from 1,000,000,000 to 2,000,000,000 shares of common stock.

On April 26, 2011, the Company's Board of Directors approved an increase of the authorized shares of the Corporation from 2,000,000,000 to 5,000,000,000 shares of common stock.

Preferred Stock

On December 23, 2009, the Company issued its four officers and directors each 15 shares of Series A Convertible Preferred Stock of the Company for $60,000.  Each share of Series A Convertible Preferred Stock is convertible into 1% of the Company's common stock at the date of conversion.  The preferred shares do not have liquidation preference over common shares.  Each preferred share is entitled to as many votes equal to 1% of the Company's outstanding common stock.  On January 4, 2010, the Company amended the certificate of designation of preferences and rights of Series A Preferred Stock previously filed with the Nevada Secretary of State which changed the number of shares authorized from 50,000,000 to 60 shares. At June 30, 2011 and December 31, 2010, there were 60 shares issued and outstanding.

Common stock

In four February 2010 transactions, Eventus bought a total of $40,000 of the Company's convertible related party payable.  In each transaction, Eventus converted the $10,000 tranche into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 3,716,112 shares of the Company's common stock were issued in the four transactions.

In February 2010, the Company issued 500,000 shares of the Company's common stock for investor relations services valued at $10,000.

In July 2010, 3,000 shares were issued for cash of $3,000.

During the three-month period ended March 31, 2010, Eventus converted 11 tranches of its convertible debt obligation totaling $126,000.  In each transaction, Eventus converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 13,202,291 shares of the Company's common stock were issued in the eleven transactions.

During the three-month period ended June 30, 2010, Eventus converted 6 tranches of its convertible debt obligation totaling $57,000.  In each transaction, Eventus converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 19,380,543 shares of the Company's common stock were issued in the six transactions.

During the three-month period ended June 30, 2010, JMJ Financial converted 7 tranches of its convertible debt obligation totaling $15,300.  In each transaction, JMJ converted the debt into shares of the Company's common stock at a conversion price equal to 40% of the lowest trade price in the 20 trading days prior to the conversion.  A total of 10,000,000 shares of the Company's common stock were issued in the seven transactions.

During the three-month period ended September 30, 2010, Eventus converted 3 tranches of its convertible debt obligation totaling $9,000.  In each transaction, Eventus converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 13,787,878 shares of the Company's common stock were issued in the three transactions.

During the three-month period ended September 30, 2010, JMJ Financial converted 13 tranches of its convertible debt obligation totaling $30,375.   In each transaction, JMJ converted the debt into shares of the Company's common stock at a conversion price equal to 40% of the lowest trade price in the 20 trading days prior to the conversion.  A total of 67,100,000 shares of the Company's common stock were issued in the thirteen transactions.

During the three-month period ended December 31, 2010, Eventus converted 5 tranches of its convertible debt obligation totaling $17,800.  In each transaction, Eventus converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 51,289,627 shares of the Company's common stock were issued in the five transactions.

During the three-month period ended December 31, 2010, JMJ Financial converted 2 tranches of its convertible debt obligation totaling $2,555.   In each transaction, JMJ converted the debt into shares of the Company's common stock at a conversion price equal to 40% of the lowest trade price in the 20 trading days prior to the conversion.  A total of 8,516,667 shares of the Company's common stock were issued in the two transactions.

In two December 2010 transactions, Sunderland Capital Inc. (Sunderland) bought a total of  $6,240 of the Company's debt to Eventus.  In each transaction, Sunderland converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 20,825,000 shares of the Company's common stock were issued in the two transactions.

In January 2011, the Company issued 10,555,555 shares of the Company's common stock for legal services valued at $9,500.

During the three-month period ended March 31, 2011, Eventus converted 2 tranches of its convertible debt obligation totaling $46,266.  In each transaction, Eventus converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 71,999,047 shares of the Company's common stock were issued in the two transactions.

During the three-month period ended March 31, 2011, JMJ Financial converted 4 tranches of its convertible debt obligation totaling $19,120.   In each transaction, JMJ converted the debt into shares of the Company's common stock at a conversion price equal to 40% of the lowest trade price in the 20 trading days prior to the conversion.  A total of 61,000,000 shares of the Company's common stock were issued in the four transactions.

In a January 2011 transaction, Sunderland bought a total of $43,166 of the Company's debt to Eventus.  In the transaction, Sunderland converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 61,665,714 shares of the Company's common stock were issued in the transaction.

In a January 2011 transaction, Hoboken Capital bought a total of $43,166 of the Company's debt to Eventus.  In the transaction, Hoboken converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 61,665,714 shares of the Company's common stock were issued in the transaction.

In a January 2011 transaction, Tortuga, Inc. bought a total of $51,280 of the Company's debt to Eventus.  In the transaction, Tortuga converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 64,100,555 shares of the Company's common stock were issued in the transaction.

In a January 2011 transaction, Real Time Interests, Inc. (RTI) bought a total of $51,280 of the Company's debt to Eventus.  In the transaction, RTI converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 64,100,555 shares of the Company's common stock were issued in the transaction.

In a January 2011 transaction, Big Time Financial, Inc. (BTF) bought a total of $51,280 of the Company's debt to Eventus.  In the transaction, BTF converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 64,100,555 shares of the Company's common stock were issued in the transaction.

In a February 2011 transaction, Raphael Manning bought a total of $14,159 of the Company's debt to Eventus.  In the transaction, Manning converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 17,698,335 shares of the Company's common stock were issued in the transaction.

In a February 2011 transaction, OmniPeer, Inc. bought a total of $32,000 of the Company's debt to Eventus.  In the transaction, OmniPeer converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 40,000,000 shares of the Company's common stock were issued in the transaction.

In May 2011, 21,000,000 shares that had previously been issued to JMJ Financial as part of its financing arrangement were cancelled as part of the termination of the Company's agreements with JMJ.

In a May 2011 transaction, Sunderland, Inc. bought a total of $25,100 of the Company's debt to Eventus.  In the transaction, Sunderland converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 69,722,608 shares of the Company's common stock were issued in the transaction.

In a May 2011 transaction, Eventus converted $23,458 of its then outstanding debt.  In the transaction, Eventus converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 65,163,231 shares of the Company's common stock were issued in the transaction.

In a May 2011 transaction, $50,000 ($12,500 each) of the directors' convertible notes payable was converted at $0.0007 per share, resulting in a total of 71,428,571 shares of the Company's common stock being issued in the transaction.

In a June 2011 transaction, Hoboken Capital bought a total of $23,458 of the Company's debt to Eventus.  In the transaction, Hoboken converted the debt into shares of the Company's common stock at a 40% discount to the prior 5 days closing average.  A total of 65,163,231 shares of the Company's common stock were issued in the transaction.

During the three-month period ended March 31, 2011, 33,333,336 shares vested under the affiliate management agreements with the four directors.  This vesting satisfied two of 60 months and 33,333,336 of the 1 billion shares committed in the January 3, 2011 management agreements signed with four affiliates, two of which are the sole TEAM officers. Related management fee expense totaled $20,000 based upon a per share price of $0.0006 which was the closing stock price of the date of the management agreements.

During the three-month period ended June 30, 2011, 50,000,000 shares vested under the affiliate management agreements with the four directors.  This vesting satisfied three of 60 months and 50,000,000 of the 1 billion shares committed in the January 3, 2011 management agreements signed with four affiliates, two of which are the sole TEAM officers. Related management fee expense totaled $30,000 based upon a per share price of $0.0006 which was the closing stock price of the date of the management agreements.