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Stockholders' Equity (Deficit)
12 Months Ended
Dec. 31, 2012
Equity [Abstract]  
Stockholders' Equity (Deficit)

NOTE 8 – STOCKHOLDERS’ EQUITY (DEFICIT)

 

The Company filed an amendment to its Articles of Incorporation with the state of Nevada on July 23, 2012 to change the designation of its capital and preferred stock, as follows. The authorized common stock of the Company consist of 4,000,000,000 shares with a par value $0.00001. The Company also has 100,000,000 shares of par value $0.00001 Preferred A stock authorized, 10 shares of par value $0.00001 Preferred B stock authorized, and 30,000,000 par value $0.00001 par value Preferred C stock authorized. The Company adjusted the par value and additional paid in capital accounts on its balance sheet at September 30, 2012 for common and Preferred A stocks.

 

During the year ended December 31, 2012, the Company issued 1,950,000 shares of restricted common stock to initial private placement investors in Anthus Life per terms of their subscription agreements.

 

During the year ended December 31, 2012, the Company issued 3,650,000 shares of common stock and 9,000 shares of Convertible Preferred C stock to consultants for services. The Company also issued 9,000 shares of Convertible Preferred C stock to a consultant for deferred services.

 

During the year ended December 31, 2012, he Company issued 2,650,000 shares of common stock to the former management per the acquisition agreement.

 

During the year ended December 31, 2012 the Company issued 2,000,000,000 shares of common stock, 35,000 shares of Convertible Preferred C stock and 1 share of Convertible Preferred B stock to related parties that has been classified as stock based compensation during the year ended December 31, 2012.

 

On January 10, 2012, the Company retired 35,878,570 shares of common stock held in treasury at December 31, 2011.

 

During the year ended December 31, 2012, the Company converted five convertible notes payable from non-related parties along with the accrued interest for a total of $93,443 into 411,354,727 shares of its common stock. The Company also issued 100,000 shares of common stock for $2,000 to a non-related party.

 

During the year ended December 31, 2012, the Company issued 5,200 shares of preferred C stock for $13,000 in cash.

 

On April 26, 2012, the Company entered into an agreement with Ironridge Global to settle $284,917 in accounts payable (which includes the balance of the Note Payable for the acquisition of Stakool by Anthus Life Corp., outstanding legal fees, filing fees, packaging costs and certain manufacturing costs), in exchange for unregistered shares of common stock. Ironridge received an initial issuance of 9,715,000 shares of the Company’s common stock. During the year ended December 31, 2012 the Company issued an additional 526,000,000 shares of unrestricted common stock to Ironridge.

 

On September 14, 2012, the Company filed a Form S-8 with the Securities and Exchange Commission. The Form S-8 registered 400,000,000 shares of its common stock in connection with the Company’s 2012 Incentive Stock Plan.

 

During the month of October 2012, the Company issued 282,980 shares of the Company’s Convertible Preferred C stock. The stock was issued as an addendum to the subscription agreements associated with the open private placement investments made by various investors between fiscal year 2009 and 2011.

 

On October 5, 2012 the Company issued 375,000,000 shares of its common stock without restriction to various consultants for services. The Company registered the common stock with the Securities and Exchange Commission on Form S-8 on September 14, 2012.

 

During the year ended December 31, 2012, the Company issued 1,5000,000 shares of restricted common stock to initial private placement investors in Anthus Life per terms of their subscription agreements.

 

During the year ended December 31, 2012 the Company retired 10,000,000 shares of its Preferred A stock, which accounted for all of the issued and outstanding Preferred A Stock.