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Equity
12 Months Ended
Dec. 31, 2011
Equity  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 5 - STOCKHOLDERS' EQUITY

 

The Company is authorized to issue an aggregate of 500,000,000 common shares with a par value of $0.0001 per share and 1,000,000 shares of preferred stock with a par value of $0.001 per share.  No preferred shares have been issued.

 

On April 3, 2009, the Company issued 20,000,000 shares of its common stock to its founder and Chief Executive Officer at $0.0001 per share to reimburse $459 of incorporation costs and to pay $1,541 in exchange for services rendered to the Company. Total incorporation costs and services of $2,000 are recorded as general and administrative expenses in the statement of operations. The fair value of the shares was determined by management of the Company on the date of issue of the stock grant.  On April 3, 2009, the shares of the Company were not trading and there were no arm's length transactions in the Company shares with an independent party.  As such, a quoted market price or a recent transaction in the Company shares was not available to estimate fair value. On the date of issue of the stock grant, the Company was recently formed or in the process of being formed and possessed no assets. The fair value of the Company shares was estimated to be equal to the par value of $0.0001 per share of the Company's common stock.

 

The tax years 2011, 2010 and 2009 remain open to examination by the major taxing jurisdictions in which the Company operates.  The Company expects no material changes to unrecognized tax positions within the next twelve months.

 

The Company issued 1,000,000 shares of common stock toNadavElituv on May 14, 2010 in exchange for software development services related to interactive displays valued at $10,000.

 

The Company issued 1,000,000 shares of common stock to The Cellular Connection, Ltd. on May 14, 2010 in exchange for business development services related to going public valued at $10,000.Stuart Turk, as the principal owner of The Cellular Connection, Ltd., has

voting and dispositive control over these shares.

 

The Company issued 1,000,000 shares of common stock to Bradley Southam on May 14, 2010 in exchange for graphic arts development services related to interactive displays valued at $10,000.

 

The Company issued 1,000,000 shares of common stock to Evan Schwartzberg on May 14, 2010 in exchange for accounting and bookkeeping services valued at $10,000.

 

The Company issued 1,000,000 shares of common stock to Brett W. Gold on May 14, 2010 in exchange for introducing us to potential customers valued at $10,000.

 

The Company issued 1,000,000 shares of common stock to Al Kau on May 14, 2010 in exchange for introducing us to potential customers valued at $10,000.

 

The Company issued 1,000,000 shares of common stock to Larry Burke on May 14, 2010 in exchange for design and technical services related to potential customer usage valued at $10,000.

 

The Company issued 1,000,000 shares of common stock to Aaron Shrira on May 14, 2010 in exchange for introducing us to potential customers valued at $10,000.

 

The Company issued 1,000,000 shares of common stock to Danielle Goose on May 14, 2010 in exchange for introducing us to potential customers valued at $10,000.

 

The Company issued 1,000,000 shares of common stock to William Reil on May 14, 2010 in exchange for introducing us to potential customers valued at $10,000.

 

The Company issued 1,000,000 shares of common stock to Metro One Development, Inc. in trust on May 14, 2010 in exchange for technical knowledge on its interactive displays valued at $10,000.

 

On May 14, 2010, the shares of the Company were not trading and there were no arm's length transactions in the Company shares with an independent party.  As such, a quoted market price or a recent transaction in the Company shares was not available to estimate fair value. As such, the Company determined the value of the consulting services on May 14, 2010 was a more reliable measure of fair value.  The value of these services totaling $110,000 is recorded as general and administrative expenses in the statement of operations.

 

On April 15, 2011, the Company repaid $30,000 of advances due to a related party by exchanging 30,000,000 shares of common stock with the Company's Chief Executive Officer and majority shareholder.

                                                                      

On April 18, 2011, the Company issued a total of 5,000,000 shares of common stock valued at $5,000 as compensation to a director and the Chief Financial Officer.

 

On August 31, 2011, the Company filed a Form S-8 with the SEC registering 150,000,000 shares of the Company's common stock pursuant to the adoption of a Stock Option Plan on August 30, 2011.

 

On October 26, 2011, the Company issued 30,000,000 shares of commonstock valued at $3,000,000 as compensation for business development services. The services are valued based on the closing price of $0.10 per share for the shares of common stock exchanged for the services.

 

On October 26, 2011, the Company issued 6,000,000 shares of commonstock valued at $600,000 as compensation for consulting services. The services are valued based on the closing price of $0.10 per share for the shares of common stock exchanged for the services.

 

On October 26, 2011, the Company issued 16,000,000 shares of commonstock valued at $1,600,000 as compensation for design and technical services. The services are valued based on the closing price of $0.10 per share for the shares of common stock exchanged for the services.