Stockholders' equity

12 Months Ended

May 31, 2012

Stockholders' equity:

Stockholders' equity

Note 6 - Stockholders’ equity

The Company is authorized to issue up to 100,000,000 shares of its $0.0001 par value preferred stock and up to 100,000,000 shares of its $0.0001 par value common stock.

On May 6, 2010, the Company issued 5,000,000 shares of its par value common stock as founders’ shares to an officer and director in exchange for cash in the amount of $20,000. 

In January 2011, the Company completed a public offering, whereby it sold 3,000,000 shares of its par value common stock for total gross cash proceeds in the amount of $30,000.

During May 2012, the founding shareholder of the Company agreed to cancel an aggregate of $26,132 of related party notes payable owed to him by the Company.  The notes bore no interest and were due on demand.  The entire amount is considered donated capital and recorded as additional paid-in capital.

On May 29, 2012, the founding shareholder of the Company donated cash to the Company in the amount of $17.  This amount has been donated to the Company and is not expected to be repaid and is considered additional paid-in capital.