STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2016

Stockholders' Deficit:

STOCKHOLDERS' EQUITY

NOTE 8 – STOCKHOLDERS’ EQUITY

Common and Preferred Shares Authorized

Preferred Stock - There are 1,000,000 shares of authorized preferred stock, par value $0.001 per share, with no shares of preferred stock issued or outstanding.

Common Stock – The Company has 75,000,000 shares of authorized common stock, par value $0.001 per share, with 14,750,734 and 16,481,812 issued and outstanding as of September 30, 2016 and December 31, 2015, respectively. Each holder of common stock is entitled to one vote for each share held. During the nine month period ended September 30, 2016, the Company issued 27,619 shares as a stock dividend to current shareholders as loyalty shares based on their investment on March 31, 2015 at fair value, repurchased 258,697 shares of its common stock, and 1,500,000 shares were returned that were originally issued for services rendered.