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Common Stock
12 Months Ended
Dec. 31, 2012
Equity [Abstract]  
Common Stock

3.  Common Stock

 

On January 8, 2008, the Company issued 60,879,366 (post stock split) shares of common stock to the director of the Company, for a $300 subscription receivable. Payment was received in 2010.

 

On July 20, 2009, the Company issued 20,293,122 (post stock split) shares of common stock to the secretary of the Company, for a $100 subscription receivable. Payment was received in 2010.

 

On November 20, 2009, the Company began a capital formation activity through a PPO, exempt from registration under the Securities Act of 1933, to raise up to $40,000 through the issuance of 40,586,244 (post stock split) shares of its common stock, par value $0.0001 per share, at an offering price of $0.02 per share. As of May 9, 2010, the Company raised $35,500 in proceeds with the issuance of 36,020,291 (post stock split) shares of its common stock and the offering ended.

 

On April 12, 2010, the Company issued 9,131,905 (post stock split) shares of common stock to the secretary of the Company, par value $0.0001 per share, at an offering price of $0.02 per share. Payment of $9,000 was received in April 2010.

 

The Company submitted a Registration Statement on Form S-1 to the Securities and Exchange Commission (“SEC”) to register 36,020,291 (post stock split) of its outstanding shares of common stock on behalf of selling stockholders. The Registration Statement was declared effective on November 10, 2011. The Company will not receive any of the proceeds of this registration activity once the shares of common stock are sold.

 

On August 13, 2012, the Company authorized a stock dividend whereby each shareholder of record on August 13, 2012 received 20.2931229 shares of common stock, par value $0.0001 per share of the Company, for every one share of Common Stock owned. This stock dividend was accounted for as a stock split and the accompanying financial statements and related notes thereto have been adjusted accordingly to reflect this stock split.

 

On December 26, 2012, the Company cancelled 15,168,957 shares of common stock, par value $0.0001 per share.