Note 12 - Stockholder's Deficit

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

12

– STOCKHOLDER’S DEFICIT

The Company is authorized to issue an unlimited number of common shares and an unlimited number of special voting shares.

On

August

4,

2013,

the company issued

75

shares of common stock for

$75

cash. On

December

18,

2013,

the company issued

6,999,925

shares of common stock for

$7

cash. As a result, there were

7,000,000

shares of common stock which are considered outstanding from inception. All shares of common stock were initially held by Creative. Creative distributed the shares of CEN common stock on a pro rata basis to the Creative shareholders on

February

29,

2016

at which time CEN became an independent public company.

In addition, in

December

2014

the Company’s President received

100,000

shares of preferred stock. Each share of the preferred stock is entitled to

500

votes. The Company has reinstated these voting rights. These preferred shares were valued at

$100

cash.