Annual report pursuant to Section 13 and 15(d)

Stockholders Equity

v2.4.0.6
Stockholders Equity
12 Months Ended
Dec. 31, 2011
Equity  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 7– STOCKHOLDERS' EQUITY

 

Common stock

 

The Company is authorized to issue 200,000,000 shares of common stock with par value $.001 per share. As of December 31, 2011 and 2010, the Company had 118,141,938 shares and 37,000,000 shares of common stock issued and outstanding.

 

On November 2, 2011, the Company issued 5,672,250 shares of its common stock to acquire licensing rights.  See note 5 above.