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7. Stockholders Equity
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Stockholders Equity

NOTE 7 – STOCKHOLDERS EQUITY

 

Capital Stock

 

At December 31, 2018 and December 31, 2017, there were 81,780,170 shares of Common Stock issued and outstanding, with a $0.001 par value.

 

25,000,000 shares of Preferred Stock, with a par value $0.01 per share, are authorized, none of which has been issued or was outstanding as of December 31, 2018 and 2017, respectively.

 

In May 2018, the Company’s Board of Directors and Shareholders approved an amendment to the Company’s Articles of Incorporation, increasing the number of authorized Common Shares to 200,000,000, par value $0.01 per share.

 

Common Stock Issued in Private Placements

 

During the year ended December 31, 2018, the Company did not accept any subscription agreements to purchase its Common Stock.

 

During the year ended December 31, 2017, the Company accepted subscription agreements from 9 investors and issued 1,350,000 shares of its Common Stock at a price of $0.10 per shares for gross proceeds totaling $135,000.

 

Common Stock Issued in Exchange for Services

 

During the year ended December 3, 2018, the Company did not issue any shares of its Common Stock for services.

 

During the year ended December 31, 2017, the Company issued 4,685,000 shares of its Common Stock for services valued at $0.10 per share, valued at $468,500. These shares were issued to an aggregate of 13 persons. The price of $0.10 represented the Company’s share price in its private placement throughout all of 2017.