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6. STOCKHOLDERS’ DEFICIT
3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
6. STOCKHOLDERS’ DEFICIT

NOTE 6 - STOCKHOLDERS' DEFICIT

 

ISSUANCES OF COMMON STOCK

 

On January 28, 2013, the Board of Directors authorized the issuance of 50,000 shares of common stock to an attorney for services performed. The shares were valued at the market price on the day of issuance, in the amount of $60,000.

 

Also on January 28, 2013, the Board of Directors authorized the issuance of 18,484 shares to our corporate council, however the shares were not issued at March 31, 2013 and have been recorded as a stock payable liability on the financial statements. The share were valued at the market price on the day of grant of $22,181.

 

During the three months ended March 31, 2013, the Company recorded imputed interest on a non-interest bearing note in the amount of $3,360, with an increase in paid in capital.

 

During the three months ended March 31, 2013, the Company did not issue any stock options or warrants.