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STOCK HOLDERS' EQUITY
3 Months Ended
Mar. 31, 2013
Notes  
STOCK HOLDERS' EQUITY

NOTE 5 - STOCK HOLDERS’ EQUITY

 

COMMON STOCK

 

There were 325,000,000 shares of common stock authorized, with 18,698,896 and 17,948,896 shares issued and outstanding at March 31, 2013 and September 30, 2012, respectively. The par value for the common stock is $0.001 per share.

 

The following details for common stock transactions for the six months ended March 31, 2013.

 

The Company issued 750,000 shares of common stock at $0.07812 per share on April 12, 2013 to discharge a shareholder's loan of $50,000 and accrued interest of $8,587, The Board of Directors approved this transaction in the month of March 2013.

 

PREFERRED STOCK

 

There were 10,000,000 shares of preferred stock authorized, no shares issued and outstanding as of March 31, 2013 and September 30, 2012.