STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

NOTE 5 - STOCKHOLDERS' EQUITY

The capitalization of the Company consists of the following classes of capital stock:

Preferred Stock 

The authorized preferred stock consists of 50,000,000 shares with a per share par value of $0.000006. There were no shares of preferred stock issued and outstanding at December 31, 2015 and 2014.

Any series of new preferred stock may be designated, fixed, and determined as provided by the board of directors by the affirmative vote of a majority of the voting power of all the then outstanding shares of Class B Common Stock. 

Common Stock 

Class A 

The authorized common stock consists of 1,000,000,000 shares of Class A Common Stock at a par value of $0.000006 per share. There were 99,750,097 shares of Class A common stock issued and outstanding at December 31, 2015 and 2014. Each share of Class A common stock is entitled to one vote. The number of authorized shares of Class A common stock may be increased or decreased (but not below the number of shares outstanding) by the affirmative vote of the holders of capital stock representing a majority of the voting power of the outstanding shares of capital stock of the company entitled to vote.

Class B

The authorized common stock consists of 200,000,000 shares of Class B Common Stock, $0.000006 par value per share. There are no shares of Class B Common Stock issued and outstanding at December 31, 2015 and 2014. Each share of Class B of Common Stock is entitled to 10 votes. The number of authorized shares of Class B common stock may be increased or decreased (but not below the number of shares outstanding) by the affirmative vote of the holders of capital stock representing a majority of the voting power of the outstanding shares of capital stock of the company entitled to vote.

Additional Paid in Capital

 Related parties prior to the September 2014 change in control funded operating expenses and immediately forgave these amounts. Accordingly, during the year ended December 31, 2014, expenses paid were $9,653 and immediately recorded as a contribution to capital. Current related parties fund operating expenses with loans to the company (Note 7). These loans accrue interest at an annual rate of 12%.