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9) Common Stock
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6 Months Ended |
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Jun. 30, 2013
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| Notes | |
| 9) Common Stock | 9) COMMON STOCK
There were 500,000,000 shares of common stock authorized, with 161,824,857 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively. The par value for the common stock is $.001 per share.
There were common stock transactions for the six months ended June 30, 2013. In June 2013, The Company issued 33,000,000 shares of common stock on settlement of accounts payable of $33,000. The fair market value of the shares at the date of issuance aggregated $222,500, the excess of the fair value over the amount of the payable amounted to $189,500 and has been charged to operations during the six and three months ended June 30, 2013 and is included in General and administrative expenses on the accompanying consolidated statement of operations. |