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Stockholders' Equity
6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Stockholders' Equity

NOTE 6 – STOCKHOLDERS’ EQUITY

 

On October 21, 2013 the Company elected to reduce its authorized number of common shares from 200,000,000 to 100,000,000. On September 15, 2013 the Company authorized a reverse-split of its common stock on a one-share-for-two-shares basis. All references to common stock have been restated so as to retroactively incorporate the effects of this transaction.

 

During the year ended December 31, 2013 the Company issued 109,950 shares of common stock upon the conversion of a $100,000 convertible note payable and related accrued interest payable. The Company also issued 502,084 shares of common stock for cash at $1.20 per share, resulting in total cash proceeds of $465,000.

 

On February 26, 2014 the Company issued 50,000 shares of preferred stock for cash at $1.00 per share, resulting in total cash proceeds of $65,000. The preferred shares have 1:100 conversion and voting rights.

 

On May 21, 2014, the Company issued 15,000 shares of preferred stock for cash at $1.00 per share, resulting in total cash proceeds for $15,000. The preferred shares have 1:100 conversion and voting rights