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EQUITY
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9 Months Ended |
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Sep. 30, 2012
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| Stockholders' Equity Note Disclosure [Text Block] |
NOTE
4. EQUITY
In
April 2012 the Company purchased 9,125,500 of the
Company’s common stock from an unrelated third
party for $9,126.
During
April 2012 the Company issued 210,000 shares of its
common stock to an officer and employee of the Company in
exchange for services rendered at a price of $0.02 per
share.
During
April, 2012 the company sold 1,000,000 shares
of its common stock to a group of private investors
for $51,250.
In
April 2012 the company sold 8,367,850 shares of its
common stock to our officers, directors and private
investors for $173,902.
Between
April 1, 2012 and August 31, 2012 the Company
sold 5,531,798 shares of its common stock, at a
price of 0.70 cents per share to a group of private
investors. A director in the company purchased 250,000 of
these shares.
During
July 2012 the company issued 105,000 shares of its common
stock to its consultants in exchange for services
rendered.
As
a result of the foregoing, a change of control took
place, and the Company’s ability to use any net
operating losses for federal income tax purposes will be
significantly restricted.
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