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XML - IDEA: XBRL DOCUMENT - Saleen Automotive, INC.R17.htm
EXCEL - IDEA: XBRL DOCUMENT - Saleen Automotive, INC.Financial_Report.xls
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EX-32.1 - EXHIBIT 32.1 SECTION 906 CERTIFICATION - Saleen Automotive, INC.f10k063012_ex32z1.htm
EX-31.2 - EXHIBIT 31.2 SECTION 302 CERTIFICATION - Saleen Automotive, INC.f10k063012_ex31z2.htm
EX-31.1 - EXHIBIT 31.1 SECTION 302 CERTIFICATION - Saleen Automotive, INC.f10k063012_ex31z1.htm
EX-23.1 - EXHIBIT 23.1 CONSENT OF PLS CPA - Saleen Automotive, INC.f10k063012_ex23z1.htm
10-K - FORM 10-K ANNUAL REPORT JUNE 30 2012 - Saleen Automotive, INC.f10k063012_10k.htm
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v2.4.0.6
SHARE CAPITAL
12 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
SHARE CAPITAL

The Company is authorized to issue 100,000,000 shares of common stock ($0.001 par value) and 1,000,000 shares of preferred stock ($0.001 par value). The Company issued 5,000,000 shares of its common stock to its incorporator, chief executive officer and president for organization costs/services. These services were valued at $5,000. Following its formation, the Company issued 1,000,000 shares of common stock to our incorporator, chief executive officer and president, as consideration for the purchase of a business plan along with a client/customer list. Our incorporator, chief executive officer and president paid approximately $1,000 in producing that business plan and the client/customer list were acquired over time. The acquisition of the business plan and client/customer list was valued at $1,000.

 

The Company on June 21, 2012 completed its offering pursuant to a registration statement filed on Form S-1. The Company issued 2,000,000 shares of its common stock to 22 investors. The investors paid $0.01 per share for a combined investment of $20,000.

 

At June 30, 2012, there are 8,000,000 shares of common stock issued and outstanding.