|9 Months Ended|
Sep. 30, 2016
|Notes to Financial Statements|
|Note 12 - STOCKHOLDERS' DEFICIT||
Effective July 5, 2016, the Company amended its articles of incorporation to increase the authorized shares of capital stock of the Company from two hundred million (200,000,000) shares of common stock, and eighty thousand (80,000) shares of preferred stock, both $.001 par value respectively, to five hundred twenty five million (525,000,000) shares common stock ($0.001 par value), and six hundred thousand (600,000) shares of preferred stock (no par value), respectively.
The Company is authorized to issue 600,000 shares of preferred stock with no par value. As of September 30, 2016 and December 31, 2015, the Company had 80,000 shares of preferred stock issued and outstanding.
The Company is authorized to issue 525,000,000 shares of common stock with par value $.001 per share. As of September 30, 2016 and December 31, 2015, the Company had 169,094,501 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.
In July 2016, the Company issued an aggregate of 3,700,000 shares of its common stock for services rendered valued at $101,090 based on the underlying market value of the common stock at the date of issuance.
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