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Stock
3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Stock

NOTE 5 – STOCK

 

The Company has 4,000,000,000 shares of common stock authorized with a par value of $0.00001, 100,000,000 shares of Series A Preferred stock with a par value of $0.00001, 10 shares of Series B Preferred stock with a par value of $0.00001, and 30,000,000 shares of Series C Preferred stock with a par value of $0.00001.

 

During the three month period ended March 31, 2013, the Company issued 662,364,772 shares of common stock. This included 225,698,106 shares to service providers, 300,000,000 due under our financing agreement with IronRidge Global, and 136,666,666 in conjunction with the conversion of a note payable. The company also cancelled 900,000,000 shares of common stock returned to the Company by the former CEO and made an adjustment to its records, reducing common shares outstanding by 1,500,000 shares, correcting a clerical error made previously. The Company terminated two consulting agreements and cancelled 35,000 shares of Series C Preferred stock. The Company also sold 2,000 shares of Series C Preferred stock at $2.50 per share to an investor.