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NOTE 4. EQUITY
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6 Months Ended |
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Jun. 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 we sold 1,000,000 shares of our common stock to
a group of private investors for $51,250.
In
April 2012 we sold 8,367,850 shares of our common stock to
our officers, directors and private investors for
$173,902. As of June 30, 2012 $13,500 was
recorded as a receivable from a related party for their
shares issued.
Between
April 1, 2012 and June 30, 2012 we sold 4,462,935 shares of
our common stock, to our directors and private investors
for $3,124,051.
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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