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- SUBSEQUENT EVENT
12 Months Ended
Dec. 31, 2015
- SUBSEQUENT EVENT [Abstract]  
- SUBSEQUENT EVENT

NOTE 10 - SUBSEQUENT EVENT

 

The company's management has evaluated subsequent events occurring after December 31, 2015, the date of our most recent balance sheet, through the date our financial statements were issued.

 

On March 25, 2016 the Company entered Teaming and Consulting Agreements with Applied Optical Sciences, Inc. and Stephen McCahon, one of the Company's founders (the “Consultants”), to reactivate its previous business activities, The Company owns intellectual property that is integral and necessary for the development of Laser Guided Energy and Direct Discharge Electrical products for military and commercial uses (the “Products”) and the Consultants have the facilities and technical knowhow to utilize the company's intellectual property in the development of the Products. The Parties have agreed to cooperate in the proposal and fulfillment of research and development contracts for branches of the Department of Defense, agencies of the Federal Government and other Defense contractors and other research and development activities relating to lasers.

 

On March 25, 2016 Mr. Farley was granted 5,000,000 shares of common stock under the 2007 Plan.

 

In March, 2016 the Company sold 35,000,000 shares of its common stock to Consultants and 20,000,000 common shares to the Chief Executive Officer for $0.001 per share. The difference between the market price and the $.001 par value issuance price, will be recorded as compensation expense, of these 55,000,000 shares issued at the date the board of directors approved such transactions.

 

A certificate of amendment to the company's Certificate of Incorporation to increase our authorize common stock from 125,000,000 to 500,000,000 shares was filed and accepted and recorded by the Secretary of State of the State of Delaware on March 3, 2016.

 

 

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