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10-K - FORM 10-K - Innovative Wireless Technologies, Inc.v309295_10k.htm
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EX-32.1 - EXHIBIT 32.1 - Innovative Wireless Technologies, Inc.v309295_ex32-1.htm
EX-31.1 - EXHIBIT 31.1 - Innovative Wireless Technologies, Inc.v309295_ex31-1.htm
EX-10.1 - EXHIBIT 10.1 - Innovative Wireless Technologies, Inc.v309295_ex10-1.htm
EX-32.2 - EXHIBIT 32.2 - Innovative Wireless Technologies, Inc.v309295_ex32-2.htm
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EX-23.1 - EXHIBIT 23.1 - Innovative Wireless Technologies, Inc.v309295_ex23-1.htm
v2.4.0.6
SHAREHOLDER'S EQUITY
12 Months Ended
Dec. 31, 2011
SHAREHOLDER'S EQUITY

NOTE 5. SHAREHOLDER'S EQUITY

 

On July 24, 2008, the Board of Directors issued 31,340,000 shares of common stock for $3,134 in services to the founding shareholder of the Company to fund organizational start-up costs.

 

On August 6, 2010, the Board of Directors issued 5,530,388 shares of common stock pursuant to the terms of an Asset Purchase Agreement with MechTech, LLC.

 

The stockholders' equity section of the Company contains the following classes of capital stock as of December 31, 2010 and 2009.

 

* Common stock, $ 0.0001 par value: 250,000,000 shares authorized; 36,870,388 shares issued and outstanding as of December 31, 2011 and 2010.

 

* Preferred stock, $ 0.0001 par value: 20,000,000 shares authorized; but not issued and outstanding.