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Note D - Stockholders' Equity
12 Months Ended
Dec. 31, 2014
Notes  
Note D - Stockholders' Equity

Note D – Stockholders' Equity

 

Common Stock

 

During the two years ended December 31, 2014 and 2013 we did not issue any shares of common stock.

 

Preferred stock

 

Our Articles of Incorporation provide that we may issue up to 10,000,000 shares of various series of preferred stock.  Subject to the requirements of the Colorado Business Corporation Act, the Board of Directors may issue the preferred stock in series with rights and preferences as the Board of Directors may determine appropriate, without shareholder approval.  As of December 31, 2014 and 2013, 4,500,000 shares of our Series B Preferred Stock had been authorized for issuance, of which 80,000 were issued and outstanding.  These 80,000 Series B shares are convertible into 40,000 common shares.