NOTE 11. SHAREHOLDERS' EQUITY

12 Months Ended

Apr. 30, 2014

Equity [Abstract]

NOTE 11. SHAREHOLDERS' EQUITY

NOTE 11. SHAREHOLDERS’ EQUITY

Common Stock

The authorized common stock of the Company consists of 100,000,000 shares with a par value of $0.001. There were 2,947,500 shares of common stock issued and outstanding as of April 30, 2014.

947,500 common shares were issued to 27 investors in the Company’s S-1 offering for the aggregate sum of $39,700 in cash. The Regulation S-1 offering was declared effective by the Securities and Exchange Commission on October 23, 2012 and completed on April 18, 2013.

The Company does not have any potentially dilutive instruments as of April 30, 2014 and, thus, anti-dilution issues are not applicable.

Preferred Stock

The authorized preferred stock of the Company consists of 10,000,000 shares with a par value of $0.001. The Company has not issued any shares of Class A Convertible Preferred Stock as of April 30, 2014.

Pertinent Rights and Privileges

Holders are not entitled to pre-emptive or referential rights to subscribe to unissued stock or other securities. Holders do not have cumulative voting rights. Preferred stockholders of Class A Convertible Preferred Stock do not have a right to vote such shares.

Additional Paid In Capital

One of our officers contributed office space in each of the years ending April 30, 2014 and 2013 and valued at $3,600.

A non-related party contributed accounting and tax services totaling $4,000 in the year ending April 30, 2014.