STOCKHOLDERS’ DEFICIENCY
In February 2012, the
STOCKHOLDERS’ DEFICIENCY
In February 2012, the Company issued 375,000 Series B preferred shares in exchange for recruiting services provided to the Company; these shares were valued at $3,209.
During the three months ended March 31, 2012, all of the holders of Series B preferred shares exchanged their shares for 1,277,698 shares of the Company’s common stock .
During the nine months ended September 30, 2012, the Company issued 19,697,414 shares of common stock to investors for proceeds of $90,000. The Company issued 13,307,840 shares of common stock in exchange for services provided to the Company. These shares were valued at $64,990.
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