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Subsequent Events
3 Months Ended
Sep. 30, 2013
Subsequent Events  
Subsequent Events

Note 9 – Subsequent Events

 

The Company has evaluated all events that occurred after the balance sheet date through the date when the consolidated financial statements were issued to determine if they must be reported.  The Management of the Company determined that there were certain reportable subsequent events to be disclosed as follows:

 

On November 4, 2013, the owners of the Series A Preferred Stock agreed that the Conversion ratio, as defined in the Certificate of Designation, shall not change in the event of forward-split or reverse-split for a period of nine months from issuance.

 

On October 24, 2013, the Company created the 2013 Equity Incentive Plan (the “Plan.”)  The aggregate number of shares of Common stock that may be issued under the Plan shall not exceed five million (5,000,000) shares.  

 

On October 23, 2013, the Company issued a promissory note (the “Note”) in consideration for $5,000 received from an investor.  The Note matures on June 30, 2014 and bears interest at a rate of ten percent, 10%, per annum.  

 

 

As used in this Form 10-Q, references to “the Company,” “we,” “our,” “ours” and “us” refers to Harrison Vickers and Waterman Inc., unless otherwise indicated. In addition, references to “financial statements” are to our financial statements except as the context otherwise requires.