XML 27 R11.htm IDEA: XBRL DOCUMENT v2.4.1.9
NOTE 5 - COMMON STOCK
12 Months Ended
Jan. 31, 2015
Equity [Abstract]  
NOTE 5 - COMMON STOCK

 

a)   On January 13, 2015, the Company issued 21,500,000 shares of common stock to settle a $20,000 note payable and $1,500 of accrued interest. Refer to Note 3(e).

 

b)   On October 31, 2014, 2,136,313 shares of common stock that were previously issued by the Company through a consulting agreement were canceled and returned to treasury.

 

c)   On July 25 and August 13, 2014, the Company issued 18,000,000 and 9,000,000 shares of common stock, respectively, at $0.0002 per share for cash proceeds of $5,400.

 

d)   On July 8, 2014 the Company filed a Certificate of Amendment with the State of Nevada to increase the number of authorized capital stock to 510,000,000. The number of authorized shares of common stock increased to 500,000,000 with a par value of $0.00001 and the number of authorized blank check preferred remained the same at 10,000,000 with a par value of $0.00001.

 

e)   On July 1, 2014, the Company issued 61 shares of common stock due to a beneficial round-up and recalculation of the previous reverse stock split.

 

f)   On April 1, 2014, the Company issued 137 shares of common stock due to a beneficial round-up and recalculation of the previous reverse stock split.

 

g)   On April 1, 2014, the Company issued 69,531,000 shares of common stock to the founders of the Company for consulting services with a fair value of $13,906.

 

h)   On February 21, 2014 the Company completed a 1 for 775 reverse stock split. All common stock issued and outstanding has been adjusted retroactively to reflect this change.

 

i)   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. 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. Refer to Note 3(b).