2.4.0.8000130 - Disclosure - Equity Transactionstruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001163573duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_DisclosureTextBlockAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Notes2false 2us-gaap_StockholdersEquityNoteDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00EQUITY TRANSACTIONS   Common Stock:   2013   Payment of Interest   For the six months ended June 30, 2013, the Company issued 5,696,823 shares (valued at $6,918) of the Companys common stock as payment for interest due on the Companys 10% convertible notes.   Services Rendered   The Company issued 21,950,000 shares (valued at $36,200) for the six months ended June 30, 2013 of the Companys restricted common stock as payment for compensation to consultants. The Company issued 60,380,888 shares (valued at $80,000) for the six months ended June 30, 2013 of the Companys restricted common stock as payment for services to the Board of Directors.   Debt Conversion of Interest   In the six months ended June 30, 2013, the Company issued 8,040,587 shares of its common stock as a result of converting $3,900 of accrued interest on the bridge note holders.   Debt Conversion   In the six months ended June 30, 2013, the Company issued 278,741,611 shares (268,849,209 for the conversion of convertible notes payable and 9,892,402 shares for the conversion of loans payable) of its common stock as a result of converting $153,210 of principal on the bridge note holders.   Common Stock Issued in Connection with Debt Issuance   In the six months ended June 30, 2013, the Company issued 14,575,000 shares of its common stock as a result of the issuance of $3,965 of principal on the bridge notes.   Issuance of Common Stock as a Result of Sale of Securities   In the six months ended June 30, 2013, the Company issued 18,748,800 shares of common stock for proceeds from the sale of the Companys common stock of $20,848.   Reverse Stock Split    In November 2012 the holders of more than a majority of the voting power of the shareholders of the Company, have approved an amendment to the certificate of incorporation authorizing the Companys Board of Directors to effect up to a 20-to-1 reverse split of the Company's common stock, par value $0.0001. As of the date of issuance of the accompanying financial statements, the Companys Board of Directors have not authorized a reverse stock split.    Common Stock   In May 2013, the Company increased its authorized share amount from 775,000,000 shares, of which 750,000,000 relate to common shares and 25,000,000 relate to preferred shares, to 975,000,000 shares of which 950,000,000 relate to common shares and 25,000,000 relate to preferred shares.    Under certain obligations for conversion of convertible notes, preferred shares, options and warrants issued by the Company to various lenders and investors, the Company has contractual commitments to issues a number of its common shares such that if all outstanding convertible instruments were converted, the Company would not have a sufficient number of authorized shares. Under generally accepted accounting principles,  if the Company is unable to deliver the required shares, the holder would be entitled to other remedies, such as cash settlement, which would cause the instrument to be classified as a liability   As stated in footnote 9, the holders of Series Preferred B Convertible B Stock are entitled to such number of votes equal to 51% of the outstanding common stock on an-converted basis only with respect to a proposal to increase the authorized number of shares of capital stock. The Companys management controls  the Series B Convertible shares  and at their sole discretion may  increase the number of authorized shares of common stock. Accordingly, the Company has classified the instruments as a liability  at June 30, 2013. The Company has concluded it will have sufficient authorized and unissued shares to settle all contracts subject to ASC 815-40 (EITF Issue 00-19).   Warrants:   During the six months ended June 30, 2013, the Company did not grant any warrants.   <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;padding:0'></td> <td width="75" colspan="2" valign="bottom" style='width:56.25pt;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0'></td> <td width="12" valign="bottom" style='width:9.0pt;padding:0'></td> <td width="76" colspan="2" valign="bottom" style='width:57.0pt;padding:0'> Weighted </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0'></td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;padding:0'>   </td> <td width="75" colspan="2" valign="bottom" style='width:56.25pt;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;padding:0'>   </td> <td width="76" colspan="2" valign="bottom" style='width:57.0pt;padding:0'> Average </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;padding:0'>   </td> <td width="75" colspan="2" valign="bottom" style='width:56.25pt;padding:0'> Common </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;padding:0'>   </td> <td width="76" colspan="2" valign="bottom" style='width:57.0pt;padding:0'> Exercise </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;padding:0'>   </td> <td width="75" colspan="2" valign="bottom" style='width:56.25pt;border:none;border-bottom:solid black 1.0pt;padding:0'> Shares </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;padding:0'>   </td> <td width="76" colspan="2" valign="bottom" style='width:57.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> Price </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;background:white;padding:0'> Outstanding at December 31, 2011 </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> 104,767,316 </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> $ </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> 0.03 </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;background:white;padding:0'> Issued </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> - </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> - </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;background:white;padding:0'> Exercised </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> - </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> - </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;background:white;padding:0'> Expired </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> (71,430,735) </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> (0.21) </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;background:white;padding:0'> Outstanding at December 31, 2012 </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> 33,336,581 </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> $ </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> 0.026 </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;background:white;padding:0'> Issued </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> - </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> - </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;background:white;padding:0'> Exercised </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> - </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;background:white;padding:0'> - </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;background:white;padding:0'> Expired </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> (407,400) </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="7" valign="bottom" style='width:5.25pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> (0.247) </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> </tr> <tr align="left"> <td width="312" valign="bottom" style='width:3.25in;background:white;padding:0'> Outstanding at June 30, 2013 </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="6" valign="bottom" style='width:4.5pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'>   </td> <td width="69" valign="bottom" style='width:51.75pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> 32,929,181 </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> <td width="12" valign="bottom" style='width:9.0pt;background:white;padding:0'>   </td> <td width="7" valign="bottom" style='width:5.25pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> $ </td> <td width="69" valign="bottom" style='width:51.75pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> 0.04 </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'>   </td> </tr> </table>          PREFERRED STOCK   Series A Convertible Preferred Stock   For the six months ended June 30, 2013 and the year ended December 31, 2012, the Company has 28,968 shares of Series A Convertible Preferred Stock issued. The holders of outstanding shares of Series A Preferred Stock are entitled to receive, in any fiscal year, when, if and as declared by the Board of Directors, out of any assets at the time legally available, dividends on a pro rata basis in cash at the rate of 7% per annum on the stated value of $2.62 per share. Each holder of shares of Series A Preferred Stock shall have the right, at any time and from time to time, to convert some or all such shares into fully paid and non-assessable shares of common stock at the rate of 10 shares of common stock for every one share of Series A Preferred Stock.   Series B Convertible Preferred Stock   On July 29, 2009, the Company and Rock Island Capital, LLC (Rock Island) entered into a Series B Convertible Preferred Stock Purchase Agreement, as amended on September 9, 2009 (the Agreement).  Pursuant to the Agreement, the Company has sold to assignees of Rock Island an initial tranche of $2,000,000 of its Series B Convertible Preferred Stock (220,022 shares), in the aggregate, at a purchase price per share of $9.09, and has issued to such assignees Warrants to purchase 22,002,200 shares of the Companys Common Stock, in the aggregate, at an exercise price of $0.15 per share.  Each share of Series B Convertible Preferred Stock is convertible into 100 shares of the Companys Common Stock at the sole discretion of the holder.  Pursuant to the Agreement, Rock Island may designate one member for service on the Companys board of directors.  The holders of Series Preferred B Convertible B Stock are entitled to such number of votes equal to 51% of the outstanding common stock on an-converted basis only with respect to a proposal to increase the authorized number of shares of capital stock. Under the terms of the Agreement, Rock Island and its assignees could, at their discretion, purchase additional shares of Series B Convertible Preferred Stock and Warrants in two additional tranches of $2,000,000 and $1,000,000 payable on or before December 2, 2009, and January 8, 2010, respectively.     On March 4, 2010, ProText Mobility, Inc. (the Company) entered into Amendment No. 2 (Amendment No. 2) to the Series B Convertible Preferred Stock Purchase Agreement, dated July 29, 2009, as amended by Amendment No. 1 to the Series B Convertible Preferred Stock Purchase Agreement, with Rock Island Capital, LLC (the Purchaser), dated September 4, 2009 (as amended, the Purchase Agreement).  Pursuant to the Purchase Agreement, the Company agreed to sell to the Purchaser, in tranches (with the last tranche to occur within approximately 60 days from execution of Amendment No. 2), an aggregate of 551,551 shares of Series B Preferred Stock (of which 220,022 shares were sold prior to execution of Amendment No.2) for an aggregate purchase price of $5,000,000 (of which $2,000,000 was sold prior to execution of Amendment No. 2).   In addition, the Company agreed to issue to the Purchaser five-year warrants to purchase 50,000,000 shares at an exercise price of $0.03, exercisable on a cashless basis, and 50,000,000 shares at an exercise price of $0.06, not exercisable on a cashless basis, in tranches pro rata with the sale of the Series B Preferred Stock. The exercise price of the warrants not exercisable on a cashless basis shall be reduced to $0.03 if the closing price of the Companys common stock has a volume weighted average price of less than $0.06 for a thirty day period during the term of such warrants. The Company also agreed to issue to the Purchaser 45,000,000 shares of common stock (the Additional Shares), in tranches pro rata with the sale of the Series B Preferred Stock. As amended by Amendment No. 3, the Purchaser may terminate the Purchase Agreement upon 10 days written notice, in which event the Purchaser shall not be obligated to make any additional purchases under the Purchase Agreement.   In connection with the Purchase Agreement, the Company filed an Amended and Restated Certificate of Designation of Series B Preferred Stock (the Certificate of Designation) filed with the State of Delaware on September 5, 2010.   In accordance with the accounting guidance for modifications, for Amendment No. 2, the Company recorded approximately $2,783,000 as a deemed preferred dividend relating to warrant modification with a corresponding credit to additional paid in capital. The Company recorded $4,625,815 as a deemed preferred dividend relating to issuance of common stock and warrants with a corresponding credit to additional paid in capital.   In accordance with the agreement, dividends payable in common stock amounting to 2,708,000 shares were issued for the year ended December 31, 2010.   On July 29, 2010 the Company entered into Amendment No. 4 to the Stock Purchase Agreement of its Series B Convertible Preferred Stock with Rock Island Capital LLC whereby it amended the termination clause to remove the penalties and the termination payment fee.   On October 19, 2010 the Company entered into Amendment No. 5 to the Stock Purchase Agreement of its Series B Convertible Preferred Stock with Rock Island Capital LLC (Purchaser) whereby the Purchaser agreed to purchase from the Company, and the Company agreed to sell to the Purchaser, up to 192,500 units, with each unit consisting of (i) one share of Series B Preferred Stock, (ii) 81.818181 shares of the Companys common stock and (iii) five-year warrants to purchase 181.818181 shares of the Companys common stock at an exercise price of $0.01 (which may be exercised on a cashless basis), for a purchase price of $9.0909 per unit. The units will be sold in installments of at least $100,000 each on before the 30 th day following the prior payment, with the first installment due on or before the thirtieth day following the final payment of the aggregate purchase price under the Agreement. In the event that the Purchaser shall fail to timely pay any installment and does not notify the Company in writing at least five days prior to such installment due date (upon which notice the Purchaser shall be granted a 7-day extension), the Company may, from and after the expiration of any and all applicable cure periods, terminate the Agreement, and the Company shall have no right to pursue any other remedy against Purchaser.   <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="4" valign="top" style='width:3.0pt;padding:0'>   </td> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>       </td> <td width="595" colspan="2" valign="top" style='width:446.25pt;padding:0'> The warrants issued or issuable under the Agreement shall be exercisable on a cashless basis. </td> </tr> <tr align="left"> <td width="4" valign="top" style='width:3.0pt;padding:0'>   </td> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>       </td> <td width="595" colspan="2" valign="top" style='width:446.25pt;padding:0'> On October 20, 2010, the Company filed an Amended and Restated Certificate of Designation of Series B Preferred Stock, pursuant to which: </td> </tr> <tr align="left"> <td width="4" valign="top" style='width:3.0pt;padding:0'></td> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>   </td> <td width="595" colspan="2" valign="top" style='width:446.25pt;padding:0'>   </td> </tr> <tr align="left"> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>   </td> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'> </td> <td width="574" valign="top" style='width:430.5pt;padding:0'> Pursuant to the commitment of the additional financing of $1,750,000, the number of shares of authorized Series B Preferred Stock was increased from 550,055 to 1,000,000; </td> </tr> <tr align="left"> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>   </td> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>   </td> <td width="574" valign="top" style='width:430.5pt;padding:0'>   </td> </tr> <tr align="left"> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>   </td> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'> </td> <td width="574" valign="top" style='width:430.5pt;padding:0'> Pursuant to the commitment of the additional financing of $1,750,000, the Special Dividend Amount payable to the holders of Series B Preferred Stock was increased from $2,500,000 to $3,375,000;and </td> </tr> <tr align="left"> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>   </td> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>   </td> <td width="574" valign="top" style='width:430.5pt;padding:0'>   </td> </tr> <tr align="left"> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'>   </td> <td width="25" colspan="2" valign="top" style='width:18.75pt;padding:0'> </td> <td width="574" valign="top" style='width:430.5pt;padding:0'> The holders of Series B Preferred Stock shall be entitled to cumulative dividends at a rate of 10% per annum, compounded annually and payable in cash upon conversion of the Series B Preferred Stock into shares of common stock or upon such other date as determined by the Board of Directors of the Company. </td> </tr> <tr align="left"> <td width="4" style='border:none'></td> <td width="23" style='border:none'></td> <td width="5" style='border:none'></td> <td width="21" style='border:none'></td> <td width="574" style='border:none'></td> </tr> </table>   In accordance with the accounting guidance for modifications, for Amendment No. 5, the Company recorded approximately $760,000 as a deemed preferred dividend relating to warrant modification with a corresponding credit to additional paid in capital.   For the year ended December 31, 2010, the Company received $2,650,000 from the sale of Series B Convertible Preferred Stock, and issued an additional 291,529 preferred B shares. The Company recorded the beneficial conversion feature and the warrant associated with such investment as a deemed preferred dividend of $2,650,000 with a corresponding credit to additional paid in capital.   In accordance with Amendment No. 5, the Company has accrued dividends payable amounting to approximately $1,266,257 and $1,033,757at June 30, 2013 and December 31, 2012, respectively which is included in the accompanying unaudited condensed consolidated balance sheet.  falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section B -Paragraph 7, 11A -Chapter 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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