XML 24 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Equity
12 Months Ended
Dec. 31, 2011
Equity  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 5 - Capitalization

 

In 1997 the Company issued 2,400,000 shares of common stock for equipment valued at $19,100.

 

In 1998 the Company received a cash contribution in the amount of $550.  No shares were issued for this contribution.

 

In 1999 the Company issued 5,216,000 shares of common stock for cash of $65,000 ($.01246 per share).  It also received contributions in the amount of $6,000 for which no shares were issued.

 

In March, 2000, the Company exchanged all of its assets and liabilities for 1,200,000 shares of its previously issued common stock.  The shares were subsequently canceled.

 

In July 2000, the Company issued 384,000 shares of common stock for costs and services valued at $20,000.  In 2001 the Company and stockholders elected to cancel the stock and the liability was re-established in the Accounts Payable section of the balance sheet.

 

In May 2007, five stockholders returned 2,260,000 shares of common stock to the treasury, which were subsequently canceled.  The shares were originally issued for cash and the shareholders returned the shares to the Company for no consideration. 

 

In December 2007, the Company issued 400,000 shares of common stock in settlement of debt of $8,000 ($.02 per share).

 

NOTE 6 – Common Stock Forward Split

 

            The Board of Directors approved a 2-for-1 forward stock split which became effective February 19, 2008.  Customary notification of the forward split was provided to the OTC Bulletin Board and it effected the split on February 19, 2008.  The financial statements for all periods presented have been restated to reflect this stock split. 

 

            The Board of Directors approved a 4-for-1 forward stock split which became effective December 20, 2011. Customary notification of the forward split was provided to the OTC Bulletin Board and the financial statements for all periods presented have been retroactively restated to reflect this stock split.