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STOCKHOLDERS' DEFICIT
 9 Months Ended
Sep. 30, 2014
STOCKHOLDERS' DEFICIT [Abstract]  
STOCKHOLDERS' DEFICIT

NOTE 5. STOCKHOLDERS' DEFICIT

 

Preferred Stock

The Company is authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share.

 

No shares of preferred stock were issued and outstanding during the three and nine months ended September 30, 2014 and 2013.

 

Common Stock

 

The Company is authorized to issue 45,000,000 shares of common stock with a par value of $0.001 per share.

 

During the three and nine month periods ended September 30, 2014 the Company issued no shares of common stock.

 

As at September 30, 2014 there were 5,073,000 shares of common stock issued and outstanding.

 

Additional Paid in Capital

 

Effective March 5, 2014:

 

  - the holder of both notes payable - related party forgave repayment of the principal balances of $22,000, together with accrued interest of $1,242. The gain arising on forgiveness of these liabilities has been recognized in additional paid in capital.

 

  - the holder of both of these convertible notes payable - related party forgave repayment of the principal balances of $6,000, together with accrued interest of $952. The gain arising on forgiveness of these liabilities has been recognized in additional paid in capital.

 

  - the creditor owning the balance of $952 of accounts payable related party forgave repayment of this liability. The gain arising on forgiveness of this liability has been recognized in additional paid in capital.