Note 3 - Stockholders' Equity

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

3

– STOCKHOLDERS’ EQUITY

In

March 2004,

the Company sold

500,000

shares of its common stock at a price of

$.001

per share, or

$500

total, to a corporation (the “First Stockholder”) controlled by the then president and director of the Company. From

March 2004

to

September 2005,

the First Stockholder made additional capital contributions to the Company of

$13,951.

In

July 2005,

the First Stockholder of the Company sold

475,000

shares of Company common stock to an unrelated

third

party (the “Second Stockholder”). The Company agreed under the related Stock Purchase Agreement that, in exchange for the First Stockholder’s efforts in procuring the Second Stockholder’s services to identify merger or acquisition targets for the Company; in the event that the Company successfully completes a merger or acquisition of

one

or more business entities identified by the new

95%

Second Stockholder (the “Business Combination”), the Company will issue such number of new shares of the common stock of the

Company to the First Stockholder so that it will continue to retain

5%

of equity ownership in the Company immediately after the close of any Business Combination. From

October 2005

to

June 2006,

the Second Stockholder made additional capital contributions to the Company of

$7,744.

In

May 2006,

the Second Stockholder sold a total of

237,500

shares of Company common stock to

two

unrelated

third

parties (the “Third Stockholder” and the “Fourth Stockholder”),

118,750

shares to each of them. From

September 2006

to

December 2018,

the Second Stockholder, Third Stockholder and Fourth Stockholder made capital contributions to the Company of

$234,695.