NOTE 4 - STOCKHOLDER EQUITY
The Company is authorized to issue 5,000,000
shares of no par preferred stock. From date of inception through September 30, 2012, the Company has not issued any preferred shares.
The Company is authorized to issue 20,000,000
shares of no par value common stock. As of September 30, 2012 and December 31, 2011 the Company has 12,872,073 and 12,605,573 shares
of common stock issued and outstanding, respectively.
During the nine months ended September 30,
2012, the Company issued an aggregate of 176,500 shares of common stock for services and accruals in the amount of $105,101 and
90,000 shares of common stock for cash in the amount of $90,000.