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Stockholders' Equity
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Stockholders' Equity

 NOTE 6 – STOCKHOLDERS’ EQUITY

 

Our Articles of Incorporation authorize the issuance of 800,000,000 shares of common stock and 80,000,000 shares of preferred stock, both $0.001 par value per share. There were 129,315,500 and 127,050,917 outstanding shares of common stock and no outstanding shares of Preferred stock at December 31, 2017 and 2016, respectively. Need to add the fact that the Company issues 328,124 under the 2016 contract – the total for both the 2016 and 2017 agreements was $566,145.

 

Common shares issued and to be issued

 

On May 30, 2016, the Company granted 2,250,000 shares of common stock valued at $562,500 or $0.25 per share for consulting services to a related party. The $562,500 is being amortized over the one-year term on the contract. During the year ended December 31, 2017, the Company recognized consulting expense of $238,021 related to this grant.

 

On July 26, 2016, the Company granted 350,000 shares valued at $87,500, or $0.25 per share, for consulting services.

 

On May 30, 2017, the Company granted 2,250,000 common shares valued at $562,500 for consulting services to a related party. The $562,500 is being amortized over the one-year term on the contract.

 

During the year ended December 31, 2017, the Company issued 1,312,500 shares of common stock valued at approximately $328,125, or $0.25 per share.