STOCKHOLDERS' EQUITY - Note 9

9 Months Ended

Sep. 30, 2013

Notes to Financial Statements

STOCKHOLDERS' EQUITY - Note 9

NOTE 9 - STOCKHOLDERS' EQUITY

COMMON STOCK

On July 16, 2013, the Company issued 560,000 shares as compensation to Mr. Anthony Chan for back pay. The Company recorded $280,000 of compensation expense.

On November 12, 2013, the Company effectuated a 10 for 1 reverse split of its common stock. All share numbers and per share amounts have been retroactively restated to reflect the reverse split.