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Investment in Probabilities and Statistics, Inc.
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Investment in Probabilities and Statistics, Inc.

NOTE 5 – INVESTMENT IN PROBABILITY AND STATISTICS, INC.

 

The Company entered into a share exchange agreement with Probability and Statistics, Inc. (“P&S”), a privately held corporation, in August of 2018.

 

Under the terms of the share exchange agreement, the Company agreed to issue 60,000,000 shares of its restricted common stock to P&S in exchange for 10,000 common shares of P&S or a 1% interest. All shares issued by both parties under the agreement have all rights and entitlements as the common stock of every other shareholder of such share class.

 

The investment in P&S was valued at $78,000. The value of the investment in P&S was accounted for as the total value of the Company’s shares issued to P&S on the date of the share exchange agreement.