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NOTE 6 - SHAREHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2017
Notes  
NOTE 6 - SHAREHOLDERS' EQUITY

NOTE 6 – SHAREHOLDERS’ EQUITY

 

We have authorized capital stock consisting of 100,000,000 shares of $0.0001 par value common stock and 400,000 shares of $0.0001 par value preferred stock. As of March 31, 2017 and December 31, 2016, we had 25,685,832 and 25,630,120 shares of common stock issued and outstanding, and no shares of preferred stock issued and outstanding.

 

During March 2017, the Company recorded a credit to additional paid-in capital of $87,020 for the beneficial conversion feature described in Note 5.

 

Total share-based compensation of $40,670 was recognized during the three months ended March 31, 2017.  As of March 31, 2017, the Company had $40,664 of unrecognized share-based compensation that will be expensed over the second quarter of 2017.