Common Stock

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Common Stock

4. Common Stock

The following table summarizes common stock issuances:

		Number of Shares		Common Stock Amount
Balance as of December 31, 2016			67,199,362		67,199
Shares issued for investment and held in escrow	a		-		-
Balance as of March 31, 2017			67,199,362		67,199

a) On January 19, 2015, the Company issued 950,000,000 shares of restricted common stock for the purchase of 100% shares of Asia Innovation Technology Limited and its assets. The acquisition has not yet closed on the date of this filing and the shares are held in escrow as disclosed in Note 5.

		Number of Shares		Common Stock Amount
Balance as of December 31, 2016			67,199,362		67,199
Shares issued for investment and held in escrow	a		-		-
Balance as of March 31, 2017			67,199,362		67,199

The Company’s authorized capital consists of 2,000,000,000 shares of common stock. At March 31, 2017 and December 31, 2016, there were 1,017,199,362 shares of common stock issued and outstanding comprising of 982,186,650 restricted shares, including 950,000,000 shares of restricted common stock for the purchase of 100% shares of Asia Innovation Technology Limited and its assets, as disclosed above and 35,012,712 non-restricted shares. These restricted shares will be available for sale under Rule 144 of the Securities Act of 1933, as amended, when the conditions of Rule 144 have been met.