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Stockholder’s Equity
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements 
Stockholder’s Equity

Note  4. Stockholder’s Equity

 

Authorized

 

The Company is authorized to issue 100,000,000 shares of $0.0001 par value common stock and 50,000,000 shares of preferred stock, par value $0.0001. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company.

 

Issued and Outstanding

 

On December 13, 2007, the Company issued 2,500,000 shares of common stock to each of its two Directors for cash consideration of $0.0001 per share.

 

Since inception (December 13, 2007) to October 31, 2010, the Company accepted subscriptions for 3,475,500 shares of common stock from 36 investors pursuant to a series of private placement transactions which closed on July 1, 2010. The private placements were not subject to any minimum investment, and were priced at $0.02 per share, for aggregate gross proceeds of approximately $69,510.