Note 12 - STOCKHOLDERS' EQUITY
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9 Months Ended |
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Sep. 30, 2013
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Notes to Financial Statements | |
Note 12 - 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 September 30, 2013 and December 31, 2012, the Company had 117,868,501 shares and 100,768,501 shares of common stock issued and outstanding.
In January 2013, the Company issued an aggregate of 14,500,000 shares of its common stock for services valued at $170,347, net of prior year accretion. The fair value of the common stock issued is amortized to operations over the underlying contractual period.
In February 2013, the Company issued 100,000 shares of its common stock in settlement of a past services previously accrued at December 31, 2012.
In April 2013, the Company issued an aggregate of 1,275,000 shares of its common stock in connection with an issued convertible debenture.
In June 2013, the Company issued 100,000 shares of its common stock in settlement of interest relating to an issued notes payable.
In June 2013, the Company issued 1,000,000 shares of its common stock in payment of legal fees incurred valued at $45,000.
In July 2013, the Company issued 125,000 shares of its common stock for services rendered. |
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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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