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5. Equity
9 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
5. Equity

Common

 

The total number of shares of capital stock which the Company shall have authority to issue is seventy five million (75,000,000) common shares with a par value of $.001.

 

In April 2012, 10,000,000 shares, with a par value of $.001 were issued to the founder for cash totaling $10,000 and 5,000,000 shares with a par value of $.001 were issued in exchange for services totaling $5,000.

 

In November 2012 an additional 5,000,000 shares were issued under the Form S-1 registration statement at $0.01 per share for a total of $50,000, .

 

The Company intends to issue additional shares in an effort to raise capital to fund its operations.

 

Common shareholders will have one vote for each share held. No holder of shares of stock of any class is entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock of any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.

 

Preferred

 

There are no preferred shares authorized or outstanding. There have been no warrants or options issued or outstanding.