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3. CAPITAL STOCK
9 Months Ended
Sep. 30, 2013
Notes to Financial Statements  
NOTE 3 - CAPITAL STOCK

During the year ended December 31, 2012, in connection with a private placement of $0.20 shares, the Company received $247,500 as subscriptions for 1,237,500 shares of its common stock. 940,000 shares were issued on October 3, 2013 in connection with $188,000 of those subscriptions, and are included on the Balance Sheet in Shares To Be Issued.

 

During the nine months ended September 30, 2013, in connection with the $0.20 private placement, the Company received $90,000 as subscriptions for 450,000 shares of its common stock. 250,000 shares were issued on October 3, 2013 and 200,000 on October 25, 2013 in connection with those subscriptions, which are also included on the Balance Sheet in Shares To Be Issued.

 

During the nine months ended September 30, 2013, the Company reached agreement with a lender to issue 217,500 shares of its common stock to settle $21,750 in loans payable. Those shares were issued on October 3, 2013 and are included on the Balance Sheet in Shares To Be Issued.

 

The Company has no stock option plan, warrants or other dilutive securities.