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Stockholders Equity
12 Months Ended
Dec. 31, 2012
Stockholders' Equity Note [Abstract]  
Stockholders Equity

 

(4)    Stockholders Equity

 

On November 19, 20, 28 and 30, 2007 the Company sold shares of its common stock. The stock sale was made in reliance on an exemption from registration of a trade in the United States under Rule 504 and/or Section 4(6) of the Act.  The Company relied upon exemptions from registration believed to be available under federal and state securities laws in connection with the offering.

 

Effective November 22, 2010, we amended our Articles of Incorporation to increase the number of authorized common shares to Two Hundred Million (200,000,000) shares from Fifty Million (50,000,000) shares. The par value of the common shares remains at $0.001 per share.

 

Effective with the commencement of trading on November 22, 2010, we reverse split our Common Shares. New Common Shares were issued to shareholders in exchange for their Old Common Shares in the ratio of one New Common Share for every five Old Common Shares held, thus effecting a one-for-five reverse stock split. Fractional shares, if any, were rounded up to the next whole number. There was no change in the par value of the Common Shares. A total of 9,040,750 shares were restated due to this reverse spit for a total of 1,808,150 shares issued and outstanding at the same par value of $.001 or 1,808. In addition, the amount of $360,174 in additional paid-in capital was restated to $367,407.