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STOCKHOLDERS' EQUITY
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12 Months Ended |
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Dec. 31, 2013
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| STOCKHOLDERS' EQUITY | |
| STOCKHOLDERS' EQUITY | NOTE 8. STOCKHOLDERS EQUITY
During 2013, the Company issued 12,000,000 restricted shares of its common stock for $240,000 in cash at $.02 per share. In 2012, the Company issued 875,000 restricted shares of its common stock for $35,000 in cash at $.04 per share.
The Company also issued restricted shares of its common stock for services in 2013 and 2012. The Company estimates the fair value of its restricted shares issued for services based on prices obtained for cash from non-related third parties for the same series of restricted shares. In 2013, the Company issued 7,041,410 of such shares at an average fair value of $.02 or $140,828. In 2012, the Company issued 1,737,396 such shares at an average fair value of $.03 or $48,715. |