XML 15 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Common Stock
12 Months Ended
Dec. 31, 2014
Notes  
Common Stock

 

NOTE 5 – Common Stock

 

On July 1, 1999, the Board of Directors authorized a stock issuance totaling 10,000,000 shares of common stock to an officer of the Company for cash consideration of $27,000, or $0.0027 per share.

 

During 2005, the Company issued 267,500 shares of common stock under this offering for gross proceeds of $53,500.  Against the proceeds of the offering, $20,398 of stock issuance costs was offset against additional paid-in capital.

 

During 2006, the Company issued 101,000 shares of common stock under this offering for gross proceeds of $20,200.

 

During 2010, the Company increased the number of authorized, $0.001 par value, common stock from 50,000,000 to 500,000,000 shares.  The Company also authorized a new class of preferred stock of 175,000,000 shares, par value $0.001.  The Board of Directors may determine the powers, preferences and rights of any series of preferred shares.

 

 On or about June 15, 2011, the Company effected a stock dividend of five for one of our outstanding common stock.  The stock dividend was treated as a stock split due to the accumulated deficit.  These financial statements have been retroactively adjusted for the stock dividend