COMMON STOCK

3 Months Ended

Jul. 31, 2014

COMMON STOCK [Text Block]

NOTE 5. COMMON STOCK.

The Company has authorized 1,500,000,000 shares of common shares, par value $0.001 per share. On April 28, 2011, the Company issued 750,000,000 shares of common stock at a price of $0.000003 per share for total cash proceeds of $2,500. In March and April, 2012, the Company issued 154,500,000 shares of common stock at a price of $0.00016 per share for total cash proceeds of $25,750.

On July 30, 2014, the Company issued a total of 2,390,000 shares of common stock to a consultant. The shares were valued at $0.03 per share, the fair market value on the date of issuance. During the three months ended July 31, 2014, the Company recorded stock-based compensation of $17,925 and prepaid expense of $53,775 which will be amortized in fiscal 2015.