Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Dec. 31, 2015 | Feb. 11, 2016 | |
Document And Entity Information | ||
Entity Registrant Name | Alternative Investment Corp | |
Entity Central Index Key | 1,405,660 | |
Document Type | 10-Q | |
Document Period End Date | Dec. 31, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --09-30 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 8,638,750 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,016 |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Dec. 31, 2015 | Sep. 30, 2015 |
Current assets: | ||
Cash and cash equivalents | $ 28,507 | $ 124,531 |
Acquisition deposit | 50,000 | 0 |
Interest Receivable | 8,482 | 4,450 |
Total current assets | 86,989 | 128,981 |
Investment in cost-method investee | 0 | |
Investment in commercial paper | 200,000 | 200,000 |
Total assets | 286,989 | 328,981 |
Current liabilities: | ||
Accounts payable | 60,669 | 47,795 |
Notes payable | 0 | 34,882 |
Accrued interest | 0 | 3,465 |
Amount due to shareholder | 311,973 | 311,973 |
Total current liabilities | 372,642 | 398,115 |
Total liabilities | 372,642 | 398,115 |
Stockholders' deficit: | ||
Common stock, $.001 par value, 1,600,000,000 shares authorized,8,648,808 shares issued and 8,638,750 shares outstanding at December 31, 2015 and September 30, 2015, respectively | 8,649 | 8,649 |
Additional paid-in capital | 454,241 | 454,241 |
Common stock issuable, 1562,500 shares | 25,000 | 0 |
Treasury stock, at cost | (80) | (80) |
Accumulated deficit | (573,463) | (531,944) |
Total stockholders' deficit | (85,653) | (69,134) |
Total liabilities and stockholders' deficit | $ 286,989 | $ 328,981 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2015 | Sep. 30, 2015 |
Statement of Financial Position [Abstract] | ||
Common stock par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 1,600,000,000 | 1,600,000,000 |
Common stock, shares issued | 8,648,808 | 8,648,808 |
Common stock, shares outstanding | 8,638,750 | 8,638,750 |
Common stock issuable, shares to be issued | 1,562,500 | 0 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Income Statement [Abstract] | ||
Net revenue | $ 0 | $ 0 |
Cost of revenue | 0 | 0 |
Gross profit | 0 | 0 |
General and administrative expenses | 42,965 | 16,786 |
Loss from operations | (42,965) | (16,786) |
Other income (expense): | ||
Interest Income | 4,032 | 0 |
Interest expense | (2,586) | (2,079) |
Total other income (expense) | 1,446 | (2,079) |
Loss before income taxes | (41,519) | (18,865) |
Provision for income taxes | 0 | 0 |
Net loss | $ (41,519) | $ (18,865) |
Net loss per share - basic and diluted | $ 0 | $ 0 |
Weighted average number of shares outstanding - Basic and Diluted | 9,487,935 | 8,080,058 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Cash flows from operating activities: | ||
Net loss | $ (41,519) | $ (18,865) |
Adjustments to reconcile net loss to net cash used in operations: | ||
Accretion of beneficial conversion feature as interest | 2,157 | 1,299 |
Changes in operating assets and liabilities: | ||
Interest Receivable | (4,032) | 0 |
Accounts payable | 12,874 | 14,701 |
Accrued interest | (3,465) | 780 |
Net cash used in operating activities | (33,985) | (2,085) |
Cash flows from investing activities: | ||
Acquisition deposit | (50,000) | 0 |
Net cash provided by investing activities | (50,000) | 0 |
Cash flows from financing activities: | ||
Proceeds from issuance of notes payable | 0 | 5,039 |
Payments on notes payable | (37,039) | 0 |
Proceeds from sale of common stock subscriptions | 25,000 | 0 |
Net cash provided by (used in) financing activities | (12,039) | 5,039 |
Net (decrease) increase in cash | (96,024) | 2,954 |
Cash and cash equivalents at beginning of period | 124,531 | 0 |
Cash and cash equivalents at end of period | 28,507 | 2,954 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 3,894 | 0 |
Cash paid for taxes | 0 | 0 |
Supplemental disclosure of non-cash investing and financing activities: | ||
Beneficial conversion feature on convertible note payable | $ 0 | $ 1,260 |
1. Nature of Business, Presenta
1. Nature of Business, Presentation and Going Concern | 3 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Business, Presentation and Going Concern | Organization Alternative Investment Corporation (the "Company") was incorporated in Nevada on March 26, 2007 under the name of China Digital Ventures Corporation. The principal business of the Company was its web based telecom and IPTV businesses, both of which were disposed of during the year ended September 30, 2010. As of the date hereof, the Company has no operations. On July 23, 2010, the Company experienced a change in control. Canton Investments Ltd (CIL or Canton) acquired a majority of the issued and outstanding common stock of the Company in accordance with stock purchase agreements by and between CIL and Wireless One International Limited (Wireless One), Bing HE and Ning HE, the Companys former directors, and other various shareholders. On the closing date, July 23, 2010, pursuant to the terms of the Stock Purchase Agreement, CIL purchased from Wireless One and Bing HE and Ning HE 28,750,000 shares of the Companys outstanding common stock for $205,750. Also on July 23, 2010, CIL purchased 6,100,000 shares of the Companys outstanding common stock for $36,600 from various shareholders. As a result of the change in control, CIL owned a total of 34,850,000 shares of the Companys common stock representing 91.54%. On May 10, 2012, the Company filed an amendment to its Articles of Incorporation in the State of Nevada to change its name to Paradigm Resource Management Corporation. On September 10, 2012, CIL contributed 30,000,000 shares of common stock to the Companys treasury. The Company immediately retired and canceled these shares. As a result of the contribution of shares, CIL owns a total of 4,850,000 shares of the Companys common stock representing 60%. On July 24, 2013, the Company entered into an agreement with AMSA Development Technology Co Ltd (AMSA) to acquire 402,300 shares of TOSS Plasma Technologies Ltd. (TPT) previously held by AMSA in exchange for 896,667 shares of its common stock. The 402,300 shares of TPT represent 10.1% of TPTs outstanding common stock. The agreement also provides AMSA an option to acquire an additional 1,120,833 shares of the Companys common stock and provides the Company an option to acquire an additional 402,300 shares of TPT common stock from AMSA. On December 4, 2013, the Company and AMSA entered into an Amendment to the Agreement dated July 24, 2013. Under the terms of the amendment, the Company had the option to acquire up to a total of 3,432,000 shares of TPT from AMSA and AMSA had the option to acquire up to a total of 5,746,667 shares of common stock of the Company. The options expired on June 2, 2014. On September 10, 2015, the Company and AMSA entered into a Rescission Agreement to fully rescind the previous acquisition agreement of shares of TPT and returned previously issued shares of each company to each other. On September 18, 2015, the Company filed an amendment to its Articles of Incorporation in the State of Nevada to change its name to Alternative Investment Corporation. The Company is dedicated to managing investments in alternative asset classes with a primary focus on distressed debt and real estate opportunities. Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial statement presentation and in accordance with Form 10-Q. Accordingly, they do not include all of the information and footnotes required in annual financial statements. In the opinion of management, the unaudited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position and results of operations and cash flows. The results of operations presented are not necessarily indicative of the results to be expected for any other interim period or for the entire year. These unaudited financial statements should be read in conjunction with our 2015 annual financial statements included in our Form 10-K, filed with the U.S. Securities and Exchange Commission (SEC) on January 13, 2016. Going Concern The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred a net loss of $41,519 for the three months ended December 31, 2015 and has incurred cumulative losses since inception of $573,463. The Company has a stockholders deficit of $85,653 at December 31, 2015. These conditions raise substantial doubt about the ability of the Company to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its abilities to generate revenues, to continue to raise investment capital, and develop and implement its business plan. No assurance can be given that the Company will be successful in these efforts. The unaudited financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. No assurance can be given that the Company will be successful in these efforts. |
2. Related Party Transactions
2. Related Party Transactions | 3 Months Ended |
Dec. 31, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | As of December 31, 2015 and September 30, 2015, $311,973 was due to Canton. The loan is unsecured, non-interest bearing and there is no repayment date. |
3. Acquisition Deposit
3. Acquisition Deposit | 3 Months Ended |
Dec. 31, 2015 | |
Business Combinations [Abstract] | |
Acquisition Deposit | On December 16, 2015, the Company entered into a non-binding Memorandum of Understanding (MOU) with Basil and Barns, Inc. (B&B Inc.), Fess Holdings LLC, Basil and Barns LLC and JIF Holdings LLC to acquire 55% of the outstanding common shares of B&B Inc. Under the MOU, the Company is to invest $1,215,000 including a $500,000 5 year loan at 7% interest per annum, and $715,000 for its 55% interest in B&B Inc. On November 9, 2015, the Company paid a refundable deposit of $50,000 towards the anticipated amounts. B&B Inc. is to acquire 110 acres of land in Bethel, NY which is to be developed into a hotel property. The parties are still negotiating a definitive agreement as of December 31, 2015. |
4. Investment in Commercial Pap
4. Investment in Commercial Paper | 3 Months Ended |
Dec. 31, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment in Commercial Paper | During the year ended September 30, 2015, the Company invested in two $100,000 convertible bonds from Bullion Japan Inc. for a total investment of $200,000. The bonds mature July 3, 2017 and June 8, 2018, respectively, earn interest at eight percent (8%) per annum paid quarterly, and are convertible into common stock of Bullion Japan Inc. at the Companys option any time prior to the maturity date at a price of JPY ¥8,035 ($6.46) per share. As of December 31, 2015 and September 30, 2015, $8,482 and $4,450 of interest has been accrued and included in the statement of operations as interest income, respectively. |
5. Notes Payable
5. Notes Payable | 3 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Notes Payable | Notes payable consisted of the following at December 31, 2015 and September 30, 2015: December 31, 2015 September 30, 2015 Principal, Principal, Unamortized net of Unamortized net of Principal Discount Discounts Principal Discount Discounts On December 19, 2014 the Company entered into a convertible promissory note with a an investor in the amount of $5,039. Terms include simple interest at fifteen percent (15.0%), the note is due on December 19, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. The note was fully paid on November 2, 2015. 5,039 (276 ) 4,763 On January 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $22,000. Terms include simple interest at fifteen percent (15.0%), the note is due on January 5, 2016 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. The note was fully paid on November 2, 2015. 22,000 (1,446 ) 20,554 On May 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $10,000. Terms include simple interest at ten percent (10.0%), the note is due on November 1, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. The note was fully paid on November 2, 2015. 10,000 (435 ) 9,565 $ $ $ $ 37,039 $ (2,157 ) $ 34,882 As of December 31, 2015 and September 30, 2015, accrued interest on the above loans was $-0- and $3,465, respectively. Interest expense was $2,586 (including accretion of beneficial conversion feature of $2,157) and $2,079 (including accretion of beneficial conversion feature of $1,299) for the three months ended December 31, 2015 and 2014, respectively. |
6. Stockholders' Deficit
6. Stockholders' Deficit | 3 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Stockholders' Deficit | The Company has authorized 1,600,000,000 shares of Common Stock, $0.001 par value. As of December 31, 2015 and September 30, 2015, the Company had 8,648,808 shares of Common Stock issued and 8,638,750 shares outstanding. Pursuant to the Agreement dated July 24, 2013, the Company was obligated to issue 896,667 restricted shares of its common stock to AMSA in exchange for 402,300 shares of TOSS Plasma Technologies Ltd. (TPT). The value of the shares of $7,173, or $0.008 per share, was based on the price of shares previously sold to investors and is included in common stock issuable in the balance sheet at September 30, 2014. During the year ended September 30, 2014, 10,058 of the shares due to AMSA were issued, reducing the amount of common stock issuable to $7,093 at September 30, 2014. On September 10, 2015, the Company and AMSA entered into a Rescission Agreement to fully rescind the previous acquisition agreement of shares of TPT. As a result of the Rescission Agreement, The $7,093 of common stock issuable was reduced to $-0- at September 30, 2015 and AMSA returned the 10,058 shares previously issued to them. The returned shares are included Treasury stock at their cost of $80 at December 31, 2015 and September 30, 2015. During the three months ended December 31, 2015, the Company received a $25,000 subscription for the purchase of 1,562,500 shares. As the shares had not been issued as of December 31, 2015, the $25,000 balance is included in common stock issuable in the balance sheet at December 31, 2015. |
7. Subsequent Events
7. Subsequent Events | 3 Months Ended |
Dec. 31, 2015 | |
Subsequent Events | |
Subsequent Events | The Company has evaluated subsequent events through the date the financial statements were issued and filed with the Securities and Exchange Commission. The Company has determined that there are no such events that warrant disclosure or recognition in the financial statements. |
1. Nature of Business, Presen13
1. Nature of Business, Presentation and Going Concern (Policies) | 3 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | Organization Alternative Investment Corporation (the "Company") was incorporated in Nevada on March 26, 2007 under the name of China Digital Ventures Corporation. The principal business of the Company was its web based telecom and IPTV businesses, both of which were disposed of during the year ended September 30, 2010. As of the date hereof, the Company has no operations. On July 23, 2010, the Company experienced a change in control. Canton Investments Ltd (CIL or Canton) acquired a majority of the issued and outstanding common stock of the Company in accordance with stock purchase agreements by and between CIL and Wireless One International Limited (Wireless One), Bing HE and Ning HE, the Companys former directors, and other various shareholders. On the closing date, July 23, 2010, pursuant to the terms of the Stock Purchase Agreement, CIL purchased from Wireless One and Bing HE and Ning HE 28,750,000 shares of the Companys outstanding common stock for $205,750. Also on July 23, 2010, CIL purchased 6,100,000 shares of the Companys outstanding common stock for $36,600 from various shareholders. As a result of the change in control, CIL owned a total of 34,850,000 shares of the Companys common stock representing 91.54%. On May 10, 2012, the Company filed an amendment to its Articles of Incorporation in the State of Nevada to change its name to Paradigm Resource Management Corporation. On September 10, 2012, CIL contributed 30,000,000 shares of common stock to the Companys treasury. The Company immediately retired and canceled these shares. As a result of the contribution of shares, CIL owns a total of 4,850,000 shares of the Companys common stock representing 60%. On July 24, 2013, the Company entered into an agreement with AMSA Development Technology Co Ltd (AMSA) to acquire 402,300 shares of TOSS Plasma Technologies Ltd. (TPT) previously held by AMSA in exchange for 896,667 shares of its common stock. The 402,300 shares of TPT represent 10.1% of TPTs outstanding common stock. The agreement also provides AMSA an option to acquire an additional 1,120,833 shares of the Companys common stock and provides the Company an option to acquire an additional 402,300 shares of TPT common stock from AMSA. On December 4, 2013, the Company and AMSA entered into an Amendment to the Agreement dated July 24, 2013. Under the terms of the amendment, the Company had the option to acquire up to a total of 3,432,000 shares of TPT from AMSA and AMSA had the option to acquire up to a total of 5,746,667 shares of common stock of the Company. The options expired on June 2, 2014. On September 10, 2015, the Company and AMSA entered into a Rescission Agreement to fully rescind the previous acquisition agreement of shares of TPT and returned previously issued shares of each company to each other. On September 18, 2015, the Company filed an amendment to its Articles of Incorporation in the State of Nevada to change its name to Alternative Investment Corporation. The Company is dedicated to managing investments in alternative asset classes with a primary focus on distressed debt and real estate opportunities. |
Basis of Presentation | Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial statement presentation and in accordance with Form 10-Q. Accordingly, they do not include all of the information and footnotes required in annual financial statements. In the opinion of management, the unaudited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position and results of operations and cash flows. The results of operations presented are not necessarily indicative of the results to be expected for any other interim period or for the entire year. These unaudited financial statements should be read in conjunction with our 2015 annual financial statements included in our Form 10-K, filed with the U.S. Securities and Exchange Commission (SEC) on January 13, 2016. |
Going Concern | Going Concern The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred a net loss of $41,519 for the three months ended December 31, 2015 and has incurred cumulative losses since inception of $573,463. The Company has a stockholders deficit of $85,653 at December 31, 2015. These conditions raise substantial doubt about the ability of the Company to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its abilities to generate revenues, to continue to raise investment capital, and develop and implement its business plan. No assurance can be given that the Company will be successful in these efforts. The unaudited financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. No assurance can be given that the Company will be successful in these efforts. |
5. Notes Payable (Tables)
5. Notes Payable (Tables) | 3 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Notes Payable | December 31, 2015 September 30, 2015 Principal, Principal, Unamortized net of Unamortized net of Principal Discount Discounts Principal Discount Discounts On December 19, 2014 the Company entered into a convertible promissory note with a an investor in the amount of $5,039. Terms include simple interest at fifteen percent (15.0%), the note is due on December 19, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. The note was fully paid on November 2, 2015. 5,039 (276 ) 4,763 On January 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $22,000. Terms include simple interest at fifteen percent (15.0%), the note is due on January 5, 2016 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. The note was fully paid on November 2, 2015. 22,000 (1,446 ) 20,554 On May 1, 2015 the Company entered into a convertible promissory note with a an investor in the amount of $10,000. Terms include simple interest at ten percent (10.0%), the note is due on November 1, 2015 and is convertible at the option of the holder at a price calculated at a twenty percent discount to the average VWAP of the last 30 days trading prior to the date of conversion. The note was fully paid on November 2, 2015. 10,000 (435 ) 9,565 $ $ $ $ 37,039 $ (2,157 ) $ 34,882 |
1. Nature of Business, Presen15
1. Nature of Business, Presentation and Going Concern (Details Narrative) - USD ($) | 3 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Net loss | $ (41,519) | $ (18,865) | |
Accumulated Deficit since inception | (573,463) | $ (531,944) | |
Stockholders deficit | $ (85,653) | $ (69,134) |
2. Related Party Transactions (
2. Related Party Transactions (Details Narrative) - USD ($) | Dec. 31, 2015 | Sep. 30, 2015 |
Due to related party | $ 311,973 | $ 311,973 |
Canton [Member] | ||
Due to related party | $ 311,973 |
3. Acquisition Deposit (Details
3. Acquisition Deposit (Details Narrative) - USD ($) | Dec. 31, 2015 | Sep. 30, 2015 |
Business Combinations [Abstract] | ||
Acquisition deposit | $ 50,000 | $ 0 |
4. Investment in Commercial P18
4. Investment in Commercial Paper (Details Narrative) - USD ($) | 12 Months Ended | |
Sep. 30, 2015 | Dec. 31, 2015 | |
Investments, Debt and Equity Securities [Abstract] | ||
Convertible bonds purchased | $ 200,000 | $ 200,000 |
Interest rate per annum | 8.00% | |
Accrued interest | $ 4,450 | $ 8,482 |
5. Notes Payable - Notes Payabl
5. Notes Payable - Notes Payable (Details) - USD ($) | 12 Months Ended | |
Sep. 30, 2015 | Dec. 31, 2015 | |
Convertible promissory note, principal | $ 37,039 | $ 0 |
Unamortized Discount | (2,157) | 0 |
Notes payable, net | 34,882 | 0 |
Convertible Notes Payable 2 [Member] | ||
Convertible promissory note, principal | 5,039 | 0 |
Unamortized Discount | (276) | 0 |
Notes payable, net | $ 4,763 | 0 |
Maturity date | Dec. 19, 2015 | |
Interest rate | 15.00% | |
Convertible Notes Payable 3 [Member] | ||
Convertible promissory note, principal | $ 22,000 | 0 |
Unamortized Discount | (1,446) | 0 |
Notes payable, net | $ 20,554 | 0 |
Maturity date | Jan. 5, 2016 | |
Interest rate | 15.00% | |
Convertible Notes Payable 4 [Member] | ||
Convertible promissory note, principal | $ 10,000 | 0 |
Unamortized Discount | (435) | 0 |
Notes payable, net | $ 9,565 | $ 0 |
Maturity date | Nov. 1, 2015 | |
Interest rate | 15.00% |
5. Notes Payable (Details Narra
5. Notes Payable (Details Narrative) - USD ($) | 3 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2015 | |
Debt Disclosure [Abstract] | |||
Accrued Interest | $ 0 | $ 3,465 | |
Interest Expense | 2,586 | $ 2,079 | |
Accretion of beneficial conversion feature | $ 2,157 | $ 1,299 |
6. Stockholders Deficit (Detail
6. Stockholders Deficit (Details Narrative) - USD ($) | Dec. 31, 2015 | Sep. 30, 2015 |
Equity [Abstract] | ||
Common stock par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 1,600,000,000 | 1,600,000,000 |
Common stock, shares issued | 8,648,808 | 8,648,808 |
Common stock, shares outstanding | 8,638,750 | 8,638,750 |
Common stock issuable | $ 25,000 | $ 0 |
Treasury stock , at cost | $ (80) | $ (80) |
Common stock subscribed, shares | 1,562,500 | 0 |
Proceeds from common stock subscribed | $ 25,000 | $ 0 |