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Stockholders' Equity Note Disclosure
9 Months Ended
Sep. 30, 2019
Notes  
Stockholders' Equity Note Disclosure

NOTE 6 - COMMON STOCK

Common Stock:

On July 6, 2017 the Company increased its Authorized Capital to 20,000,000,000 common shares at $0.0001 par value.

During July 2018 the company performed a reverse split in the ratio of 1 for 1,000.

There were 286,387 shares issued and outstanding as of December 31, 2018.

 

During the June 30, 2019 Qtr. the Company issued 77,667 shares for note conversions for a reduction of principle of $35,265.

 

During the Period July 1, 2019 to September 30, 2019, the company issued 4,387,625 shares for note conversions. Total shares issue for the period January 1, 2019 to September 30, 2019 was 4,493,585.

 

Subsequently in November of 2019, Auscrete’s Board approved a one for two hundred for one (200 to 1) reverse split during third quarter. The adjustment only affects the number of shares per shareholder, equity per shareholder remains the same. This modification should make for a quicker move back to the OTCQB opening the Company up to a larger audience and enhance shareholder values. All share references herein have been adjusted to reflect the reverse split.

As a result, $95,116 was reclassified from common stock to additional paid in capital.