NOTE 12. SHAREHOLDERS' EQUITY

9 Months Ended

Jan. 31, 2015

Equity [Abstract]

NOTE 12. SHAREHOLDERS' EQUITY

NOTE 12. 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 January 31, 2015.

Initially 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 January 31, 2015 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 January 31, 2015.

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 their shares.

Additional Paid In Capital

Our CEO contributed office space valued at $2,700 in the periods ending January 31, 2015 and 2014.

A non-related party contributed accounting and tax services totaling $4,000 during the period ending January 31, 2015.

On January 30, 2015, Alexander Farquharson, our former CEO and shareholder waived $47,403 of shareholder advances in advances owed to him by the company. This amount representing 100 %of amounts owed at January 31, 2015 has been contributed to additional paid in capital.