5320
1820
36000
36000
35342
2599
807
3135
1195
false
0
0
0
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3081
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24000
--01-31
-82434
-93569
Q3
2012
2011-10-31
10-Q
425
800
0001353406
Yes
Smaller Reporting Company
Independence Energy Corp.
No
No
97
0
0
0
0
<!--egx--><h2 style="MARGIN:0in 0in 0pt">NOTE 5. INCOME TAXES</h2> <p style="MARGIN:0in 0in 0pt; LAYOUT-GRID-MODE:both; tab-stops:.5in"> </p> <table style="MARGIN:auto auto auto 0.95in; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt"> </p></td> <td width="180" style="BORDER-BOTTOM:windowtext 1.5pt solid; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:135pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>As of October 31, 2011</b></p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="LINE-HEIGHT:50%; MARGIN:0in 0in 0pt"> </p></td> <td width="180" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:135pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; LINE-HEIGHT:50%; MARGIN:0in 0in 0pt" align="right"> </p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Deferred tax assets:</p></td> <td width="180" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:135pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt" align="right"> </p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Net operating tax carryforwards</p></td> <td width="180" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:135pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt"> $ 31,813</p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Other</p></td> <td width="180" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:135pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"> -0-</p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Gross deferred tax assets</p></td> <td width="180" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:135pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"> 31,813 </p></td></tr> <tr> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Valuation allowance</p></td> <td width="180" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:135pt; PADDING-RIGHT:5.4pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"> (31,813)</p></td></tr> <tr style="HEIGHT:9.85pt"> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; HEIGHT:9.85pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="LINE-HEIGHT:50%; MARGIN:0in 0in 0pt"> </p></td> <td width="180" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:135pt; PADDING-RIGHT:5.4pt; HEIGHT:9.85pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; LINE-HEIGHT:50%; MARGIN:0in 0in 0pt" align="center"> </p></td></tr> <tr style="HEIGHT:13.5pt"> <td width="252" style="BORDER-BOTTOM:#ece9d8; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:189pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt">Net deferred tax assets</p></td> <td width="180" style="BORDER-BOTTOM:windowtext 1.5pt double; BORDER-LEFT:#ece9d8; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:135pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#ece9d8; BORDER-RIGHT:#ece9d8; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt"> $ -0-</p></td></tr></table> <h2 style="MARGIN:0in 0in 0pt"> </h2> <p style="MARGIN:0in 0in 0pt"> </p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.</font></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt"> </p> <p style="MARGIN:0in 0in 0pt"><b>NOTE 6. NET OPERATING LOSSES</b></p> <p style="MARGIN:0in 0in 0pt"> </p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">As of October 31, 2011, the Company has net operating loss carryforwards of approximately $93,569. Net operating loss carryforwards expire twenty years from the date the loss was incurred.</font></p> <p style="MARGIN:0in 0in 0pt"> </p>
0
0
0
1820
0
-3500
800
425
375
33000
9204
15000
0
0
0
60000
0
0
18000
33000
93000
9204
15000
0
0
0
-90949
-10174
-14260
-93569
-10599
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740
<!--egx--><p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS</font></b></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">Independence Energy Corp. (</font><font lang="EN-GB">formerly</font><font lang="EN-GB"> Oliver Creek Resources Inc., </font><font lang="EN-GB">the </font><font lang="EN-GB">“</font><font lang="EN-GB">Company</font><font lang="EN-GB">”</font><font lang="EN-GB">) was incorporated under the laws of the State of Nevada on November 30</font><font lang="EN-GB">, 2005. The Company was formed to engage in the acquisition, exploration and development of natural resource properties.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">The Company is in the exploration stage. Its activities to date have been limited to capital formation, organization and development of its business plan. The Company has completed the initial phase of its exploration program.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><b>Basis of Presentation</b></p> <p style="MARGIN:0in 0in 0pt"> </p> <p style="MARGIN:0in 0in 0pt">Interim Financial Statements </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">The accompanying interim unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months period ended October 31, 2011 is not necessarily indicative of the results that may be expected for the year ending January 31, 2012. For further information, refer to the financial statements and footnotes thereto included in our Form 10-K Report for the fiscal year ended January 31, 2011.</p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></b></p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB"> </font></b></p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">a. <u>Basis of Accounting</u></font></b></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a January 31, year-end. </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">b. <u>Basic Net Loss per Share</u> </font></b></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 6pt">Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.</p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB"> </font></b></p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">c. <u>Cash Equivalents</u> </font></b></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">d. <u>Use of Estimates and Assumptions</u></font></b></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">e. <u>Income Taxes</u></font></b></p> <p style="MARGIN:0in 0in 0pt"><u><font lang="EN-GB"><font style="TEXT-DECORATION:none"> </font></font></u></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:6pt 0in 0pt"><font lang="EN-CA">Income taxes are provided in accordance with ASC 740, <i>Income Taxes</i>. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.</font></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:6pt 0in 0pt"><font lang="EN-CA"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion o</font><font lang="EN-GB">r</font><font lang="EN-GB"> all of the deferred tax assets will </font><font lang="EN-GB">not </font><font lang="EN-GB">be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><b>f.</b> <b><u>Revenue</u></b></p> <p style="MARGIN:0in 0in 0pt"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured. The Company has not generated any revenue since its inception.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt"> </p> <p style="MARGIN:0in 0in 0pt"><b>g. <u>Advertising</u></b></p> <p style="MARGIN:0in 0in 0pt"> </p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">The Company will expense its advertising when incurred. There has been no advertising since inception.</p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.25in; tab-stops:list .25in"><b><font lang="EN-GB">h.<font style="FONT:7pt 'Times New Roman'"> </font></font></b><b><u><font lang="EN-GB">Recently Issued Accounting Pronouncements</font></u></b></p> <p style="MARGIN:0in 0in 0pt"><b><u><font lang="EN-GB"><font style="TEXT-DECORATION:none"> </font></font></u></b></p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:-1.0in 3.5in">The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the company’s financial statements.</p> <p style="TEXT-JUSTIFY:inter-ideograph; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:-1.0in"> </p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">NOTE 3. GOING CONCERN</font></b></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">The accompanying financial statements are presented on a going concern basis. The Company had no operations during the period from November 30, 2005 (inception) to October 31, 2011 and ge</font><font lang="EN-GB">nerated a net loss of $93,569. </font><font lang="EN-GB">This condition raises substantial doubt about the Company’s ability to continue as a going concern. The Company is currently in the exploration stage and has minimal expenses. It currently has a cash balance of $2,051 which is insufficient to cover the expenses they will incur during the next twelve months. </font></p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB"> </font></b></p>
58324
8000
2000
8000
2000
<!--egx--><p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">NOTE 4. RELATED PARTY TRANSACTIONS</font></b></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">The Company neither owns nor leases any real or personal property. From February 1, 2010 onwards has paid $125 per month for use of office space and services. As of October 31, 2011, unpaid rental is $425. Bruce Thomson, sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities as they become available, he may face a conflict in selecting between the Company and his other business interests. The Company has not formulated a policy for the resolution of such conflicts.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">As of October 31, 2011, there is a loan payable due to Bruce Thomson for $33,000, with no specific repayment terms. </font></p> <p style="MARGIN:0in 0in 0pt"> </p>
0
0
0
0
0
<!--egx--><p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">NOTE 7. STOCK TRANSACTIONS</font></b></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">Transactions, other than employees’ stock issuance, are in accordance with paragraph 8 of SFAS 123. Thus issuances shall be accounted for based on the fair value of the consideration received. Transactions with employees’ stock issuance are in accordance with paragraphs (16-44) of SFAS 123. These issuances shall be accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, or whichever is more readily determinable. </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">On November 30, 2005 the Company issued a total of 12,000,000 shares of common stock to one director for cash in the amount of $10,000.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">On June 12, 2006 the Company issued 12,000,000 units from the Company’s registered SB-2 offering reflecting 12,000,000 shares of common stock.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">On August 12, 2008 the Company effected a 12 for 1 forward split of its issued and outstanding share capital such that every one share of common stock issued and outstanding prior to the split was exchanged for twelve post-split shares of common stock. The number of shares referred to in the previous paragraphs is post-split number of shares. The Company’s post-split authorized capital remains unchanged at 75,000,000 shares of common stock with a par value of $0.001 per share. All share amounts have been retroactively adjusted for all periods presented.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">As of October 31, 2011 the Company had 24,000,000 shares of common stock issued and outstanding.</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><b><font lang="EN-GB">NOTE 8. STOCKHOLDERS’ EQUITY</font></b></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">The stockholders’ equity section of the Company contains the following class of capital stock as of October 31, 2011:</font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB"> </font></p> <p style="MARGIN:0in 0in 0pt"><font lang="EN-GB">Common stock, $ 0.001 par value: 75,000,000 shares authorized; 24,000,000 shares issued and outstanding.</font></p>
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iso4217:USD
iso4217:USD
shares
shares