STOCKHOLDERS' DEFICIT |
3 Months Ended |
|---|---|
Mar. 31, 2016 | |
| Notes to Financial Statements | |
| Note 12 - STOCKHOLDERS' DEFICIT |
Preferred stock
The Company is authorized to issue 80,000 shares of preferred stock with no par value. As of March 31, 2016 and December 31, 2015, the Company had 80,000 shares of preferred stock issued and outstanding.
Common stock
The Company is authorized to issue 200,000,000 shares of common stock with par value $.001 per share. As of March 31, 2016 and December 31, 2015, the Company had 165,394,501 shares and 164,144,501 shares of common stock issued and outstanding.
In February 2016, the Company issued an aggregate of 1,250,000 shares of its common stock for services rendered valued at $25,000 based on the underlying market value of the common stock at the date of issuance. |
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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