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Note 5. Stockholders' Deficit
9 Months Ended
Dec. 31, 2013
Notes  
Note 5. Stockholders' Deficit

5.         Stockholders’ Deficit

 

a)                  Authorized:

 

500,000,000 Common shares with no par value

10,000,000 Preferred shares with no par value; none issued or outstanding

 

During the three and nine months ended December 31, 2013, the Company effected the following stock transactions:

 

On June 20, 2013, the Company issued 37,500 shares of common stock out of stock payable for director compensation for a value of $8,250.  The share price is valued at the adjusted closing price on the date of vesting of the shares which was $0.22 per share.

 

On June 21, 2013 the Company issued 37,500 shares of common stock out of stock payable for director compensation for a value of $6,375. The share price is valued at the adjusted closing price on the date of vesting of the shares which was $0.17 per share.

 

On June 21, 2013, the Company issued 37,500 shares of common stock for director compensation for a value of $4,500. The share price is valued at the adjusted closing price on the date of vesting of the shares which was $0.12 per share.

 

 

On November 13, 2013, the Company issued 37,500 shares of common stock for director compensation for a value of $7,125. The share price is valued at the adjusted closing price on the date of vesting of the shares which was $0.19 per share.

 

On November 13, 2013, the Company issued 18,750 shares for compensation for a value of $3,375. The share price is valued at the adjusted closing price on the date of vesting of the shares which was $0.18 per share.  The compensation agreement calls for a total of 75,000 shares to be issued during a 12 month period.