Note 4 - Stockholders' Deficit | NOTE 4 - STOCKHOLDERS DEFICIT The Company is authorized to issue 75,000,000 shares of its $0.001 par value common stock. 2,377,232 and 1,627,732 shares were issued and outstanding as of September 30, 2015 and September 30, 2014, respectively. On June 14, 2010, a director of the Company contributed capital of $325 for incorporating fees. Such contribution is not expected to be repaid. On July 21, 2010, a director of the Company contributed capital of $2,750 for audit fees. Such contribution is not expected to be repaid. On October 28, 2010, a director of the Company contributed capital of $1,500 for audit fees. Such contribution is not expected to be repaid. On November 9, 2010, the Company filed a Registration Statement with the U.S. Securities and Exchange Commission (SEC) on Form S-1. The Registration became effective on April 7, 2011. Jagged Peak (the former parent corporation) shareholders received one (1) share of AcroBoo common stock for every ten (10) shares of Jagged Peak owned on May 10, 2011 the record date for a total of 1,627,732 shares of Common Stock issued and outstanding. There were no additional considerations received from the shareholders and those shareholders holds all the Companys current outstanding stock. On February 25, 2011, Acroboos former parent company, Jagged Peak, Inc., contributed capital of $41,425 for payroll, sales and marketing, and other general and administrative costs. Such contribution is not expected to be repaid. On April 29, 2011 Acroboos former parent company, Jagged Peak, Inc., contributed capital of $20,500 for payroll, sales and marketing, and other general and administrative costs. Such contribution is not expected to be repaid. On May 27, 2011 Acroboos former parent company, Jagged Peak, Inc., contributed capital of $19,060 for payroll, sales and marketing, and other general and administrative costs. Such contribution is not expected to be repaid. On September 30, 2011, Acroboos former parent company, Jagged Peak, Inc., contributed capital of $10,050 for payroll, sales and marketing, and other general and administrative costs. Such contribution is not expected to be repaid. Between July 1, 2012 and September 30, 2012, a director of the Company contributed capital of $36,480 for salaries and commissions. Such contribution is not expected to be repaid. On December 30, 2011, Acroboos former parent company, Jagged Peak, Inc., contributed capital of $34,990 for payroll, sales and marketing, and other general and administrative costs. Such contribution is not expected to be repaid. Between November, 1 2012 and December 31, 2012, a director of the Company contributed capital of $37,000 for salaries and commissions. Such contribution is not expected to be repaid. On January 15, 2013, a director of the Company contributed capital of $4,200 for salaries and to fund working capital. Such contribution is not expected to be repaid. On January 17, 2014, Acroboo issued 2,500 shares of the Company's common stock to Island Capital Management, LLC. On June 30, 2014, Acroboos former parent company, Jagged Peak, Inc., agreed to release AcroBoo from its obligation to repay the non-interest bearing trade payable $349,098 balance due to Jagged Peak. AcroBoo recorded this transaction as Additional Paid in Capital. On September 15, 2014, Acroboos former parent company, Jagged Peak, Inc., contributed capital of $32,700 for audit, legal and other general and administrative costs. Such contribution is not expected to be repaid. On June 6, 2015 the board approved and issued 750,000 shares of the Companys common stock. Daniel R. Furlong, Paul Demirdjian and Vincent Fabrizzi each received 250,000 shares or one-third of the shares issued. These shares were issued for consideration of a shareholder contribution of $7,500. Daniel R. Furlong, Paul Demirdjian and Vincent Fabrizzi each contributed $2,500, or one-third, of this shareholder contribution. The foregoing shares of common stock were issued pursuant to the exemption from registration contained in Section 4(a) (2) of the Securities Act of 1933, as amended. On November 9, 2010, the Company filed a Registration Statement with the U.S. Securities and Exchange Commission (SEC) on Form S-1. The Registration became effective on April 7, 2011. On May 10, 2011 Jagged Peak (the former parent corporation) spun off the Company. As part of the spin off agreement, Jagged Peak shareholders received one (1) share of AcroBoo common stock for every ten (10) shares of Jagged Peak owned on May 10, 2011, the record date, for a total of 1,627,732 shares of Common Stock issued and outstanding. As of September 30, 2015, 2,377,232 shares of the Companys Common Stock are issued and outstanding. |