Note 4 - Stockholders' Equity (deficit) | NOTE 4 STOCKHOLDERS EQUITY (DEFICIT) The Company is authorized to issue 75,000,000 shares of its $ 0.001 par value common stock. On January 17, 2014, the Company issued 2,500 shares of the Companys common stock to Island Capital Management, LLC. 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 Ezy Cloud common stock for every ten (10) shares of Jagged Peak owned on May 10, 2011, the record date, for a total of 1,624,732 shares of Common Stock issued and outstanding. On June 30, 2014, the former parent company (Jagged Peak, Inc.) of Ezy Cloud agreed to release Ezy Cloud from its obligation to repay the non-interest bearing trade payable $349,098 balance due to Jagged Peak. Ezy Cloud recorded this transaction as Additional Paid in Capital. On September 15, 2014, Ezy Clouds 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 April 22, 2015, the former parent company (Jagged Peak, Inc.) of Ezy Cloud paid $ 4,149 for certain expenses on behalf of Ezy Cloud. As of December 31, 2014, 1,627,232 shares of the Companys Common Stock are issued and outstanding. On December 22, 2015, Mr. Lim Kor Kiat purchased an aggregate of 1,818,025 shares of our common stock (76.48% of the outstanding shares) from four former shareholders of the Company for an aggregate purchase price of $335,000. Of this purchase price, approximately $27,401 was contributed to Ezy Cloud to pay legal, accounting and general and administrative costs. This amount is not expected to be repaid and was recorded by Ezy Cloud as a capital contribution. Upon consummation of the change in control, there was a change in our Board of Directors and executive officers. Mr. Daniel R. Furlong, who served as our sole director and officer, resigned from all of his executive officer positions, and after expanding the number of members of the Board of Directors to two, Mr. Lim Kor Kiat was appointed to serve as a member of the board of directors, Mr. Lim Kor Kiat was appointed to serve as the Chairman of the Board of Directors, President, Chief Executive Officer, Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer and Secretary/Treasurer of the Company, effective on December 22, 2015. On March 11, 2016, Mr. Lim Kor Kiat contributed capital of $18,055 for operating expenses. This contribution is not expected to be repaid. Ezy Cloud recorded this as a capital contribution. |