STOCKHOLDERS' DEFICIT | 9 Months Ended |
Sep. 30, 2013 |
Stockholders Deficit | ' |
Note 7 - STOCKHOLDERS' DEFICIT | ' |
Authorized |
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500,000,000 common shares with a par value of $0.001. |
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Shares Issued |
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During the quarter ended March 31, 2013 the company issued 26,336,640 shares of stock. Of this amount 3,000,000 was issued for services valued at $30,000, 2,727,300 was issued for debt of $30,000 and 26,336,640 was issued for cash of $134,350. The Company also received $51,000 in cash for shares to be issued in the amount of 10,200,000 shares. |
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During the quarter ended June 30, 2013 the Company issued 102,250,000 shares of stock. Of this amount 61,350,000 were issued for completed services valued at market which was between .03 and .04 per share, 29,200,000 for cash of $221,000, 1,700,000 shares of stock for debt satisfaction of $850 and10,000,000 shares in satisfaction of the subscription payable of $50,000. |
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During the third quarter ended September 30, 2013 the Company issued 80,800,000 shares, 62,400,000 for services valued at $1,341,600 and 18,400,000 for cash of $184,000. |
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Also in the quarter the company received $100,000 for stock to be issued of 10,000,000 shares. |
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Stock Warrants |
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The following is a summary of warrants balance as of September 30, 2013 |
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| | Number of Shares | | | Weighted Average Exercise Price | | |
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Expiration Date |
Balance, December 31, 2011 | | | 1,966,666 | | | | 0.04 | | 30-Jun-12 |
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Warrants granted and assumed | | | 10,000,000 | | | | 0.005 | | 9-Jan-12 |
Warrants expired | | | (8,000,000 | ) | | | 0.005 | | 31-Jan-12 |
Warrants canceled | | | -1,966,666 | | | | 0.005 | | June 30, 2012 |
Warrants exercised | | | (2,000,000 | ) | | | 0.005 | | Exercised by the expiration date of January 31, 2012 |
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Balance, September 30, 2013 | | | - | | | | | | |