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CAPITAL STOCK
3 Months Ended
Mar. 31, 2012
Equity  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 5 – CAPITAL STOCK

 

On November 1, 2010  the Company sold 2,400,000 shares of its restricted common stock at $.00625 per share of which $2,400 was credited to common stock and $12,600 was credited to capital in excess of par value.  The stock issuance was exempt from any state or federal securities registration requirements as an isolated nonpublic sale to accredited investors.  The sum of $7,500 was paid on November 1, 2010 by the purchasers with the remaining balance of $7,500 being paid on May 1, 2011.

 

On June 30, 2011 a shareholder of the Company contributed a loan receivable from the company with a balance due of $4,240 in principal and $1,531 in accrued interest for a total of $5,771 to capital in excess of par value of the Company.

 

On December 21, 2011 a shareholder of the Company contributed $5,625 to capital in excess of par value of the Company.

 

On January 13, 2012 shareholders of the Company contributed $9,375 to capital in excess of par value of the Company.