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4. Stockholders' Equity
12 Months Ended
Dec. 31, 2017
Notes  
4. Stockholders' Equity:

4. Stockholders’ Equity:

 

The Company has the authority to issue 110,000,000 shares of $0.0001 par value stock, of which 100,000,000 shares are common stock and 10,000,000 shares are preferred stock. As of December 31, 2017, and December 31, 2016 there were 34,252,632 and 33,427,632 common stock shares issued and outstanding.

 

For the year ended December 31, 2017, the Company sold $224,000 in its private placement, issuing 560,000 shares of our common stock at $0.40 per share that included warrants to purchase up to 310,000 shares of our common stock exercisable at $0.75 per share, as well as warrants to purchase up to 250,000 shares of our common stock at $0.01 per share, all for a period of three years from issuance.  In July 2017 the Company issued 250,000 shares of its common stock at $0.01 per share upon exercise of the warrant exercisable at $0.01 per share issued in the private placement for total proceeds of $2,500. 

 

For the year ended December 31, 2017, the Company issued 15,000 shares of commons stock for total proceeds of $7,500 through its S-1 Registration Statement at $0.50 per share.