COMMON STOCK

12 Months Ended

Mar. 31, 2016

Notes to Financial Statements

NOTE 5 - COMMON STOCK

The Company's capital structure consists of 22,000,000 shares of authorized common stock with no par value and 3,461,022 shares were issued and outstanding at both March 31, 2016 and 2015. There were no changes to the Company's capital structure during the year ended March 31, 2016. During the year ended March 31, 2015, the Company entered into a Securities Purchase Agreement with Frederick L. Farrar, LFM Investments, Inc., Chafre, LLC, Charles E. Lanham and Daniel R. Loftus, pursuant to which the Company agreed to sell to these purchasers an aggregate of 1,900,000 shares of common stock for aggregate cash consideration equal to $380,000. The shares represented approximately 54.9% of the issued and outstanding shares of our common stock as of the date of sale. This sale closed on July 11, 2014.