6. Preferred stock

As of July 2, 2013, the Company had 3,000,000 shares of Series A Preferred stock outstanding. The Company is obligated to pay 9% dividends on the Series A Preferred through 2013, of which one-half is in cash and one-half is in the form of common stock. As such, the following dividend payments were made to the preferred shareholder of record on the dates presented below:

Date	Cash Paid		Common Stock Issued
December 31, 2012	$	101,252	45,731
March 29, 2013	$	101,252	48,009
June 28, 2013	$	101,250	48,600