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NOTE 5 - COMMON STOCK
12 Months Ended
Jan. 31, 2014
Equity [Abstract]  
NOTE 5 - COMMON STOCK

NOTE 5 - COMMON STOCK

 

Affinity issued 129,060 shares of common stock (founder's shares) on December 17, 2007 to the President and Director of the Company. In addition, 13,117 shares of common stock were issued to the public on May 15, 2008 for $50,830 and 77,419 shares were returned to the treasury on July 31, 2008.

 

On January 7, 2009, the Company filed an Amendment for 200,000,000 shares to be authorized as Common Stock, with the par value of $0.00001.

 

In 2010 the Company recorded a note receivable for $338,000 and a $270,000 loss on acquisition in exchange for a stock payable of 3,380,000 shares valued at $608,400. The stock was valued based on fair market value on the date of the grant.

 

In 2011 Affinity wrote off the note receivable for $338,000 as a loss on acquisition as the party was not able to pay off the balance of note.  As of January 31, 2011, the Company had a $608,400 stock payable related to these transactions.

 

As of January 31, 2011, 246 shares were issued for services for services valued at $26,596 using the closing price of the stock on the date of grant.

On July 23, 2012 there was a change of control and 51,613 shares were transferred from Yulia Nesterchuk to Cortland Communications, LLC. As of the current date of this filing Mark Gleason is an officer of both Affinity Mediaworks Corp. and Cortland Communications, LLC. Cortland Communications, LLC is the majority shareholder consisting of 72 % of the outstanding common stock in Affinity Mediaworks Corp.

 

On July 25, 2012 the company recorded a stock payable for consulting services valued at $1,680,000 using the closing price of the stock on the date of the grant. A Stock Purchase was signed during the change of control that stated that at the Closing, the Buyer shall issue on behalf of the Company 30,970 shares in three shares certificates and this was recorded as a Stock Payable valued at

 

On August 2, 2012, 30,970 shares of common stock were issued in exchange for the Stock Payable:

 

Robert Thast   9,033
Phillip Brooks 9,033
Yuriy Nesterchuck 12,904

 

On August 20, 2012 the Company filed a Certificate of Amendment with the State of Nevada and reclassified the capital stock as 190,000,000 common stock with a par value of $0.00001 and 10,000,000 blank check preferred stock with a par value of $0.00001.

 

On August 23, 2012, in exchange for the stock payable of $608,400, 4,362 shares of common stock were issued.

 

On September 18, 2012 the Company recorded minutes on a proposed a 1 for 777 reverse stock split. The common stock issued on all previous quarterly and annual filings after that date reflected the reverse split retroactively, pending approval from FINRA.

On July 2, 2013, the Company recorded minutes and issued a cancellation of the proposed 1 for 777 reverse stock split and the common stock issued has been adjusted retroactively back to inception to reflect the cancellation of the reverse stock split.

 

On July 12, 2013, in exchange for notes payable and accrued interest of $16,098, 73,549 shares of common stock were issued to Cortland Communications, LLC. The stock was valued based on fair market closing price on the date of the grant. The Company had a loss on debt conversion of $1,693,902 related to this stock transaction.

 

On January 24, 2014 the Company recorded minutes on a proposed a 1 for 775 reverse stock split. As of the date of this filing the common stock issued and outstanding has been adjusted retroactively back to inception to reflect this change. The reverse stock split has been approved by FINRA with the effective date of 2/21/2014. As of January 31, 2014 the common stock issued and outstanding has been adjusted retroactively back to inception to reflect a proposed 1 for 775 reverse stock split.

 

As of January 31, 2014, Affinity Mediaworks Corp. has a 190,000,000 shares of common stock authorized at $0.00001 par value per share and 173,885 shares of common stock issued and outstanding.