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EXCEL - IDEA: XBRL DOCUMENT - Modern Mobility Aids, Inc.Financial_Report.xls
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10-K - ANNUAL REPORT - Modern Mobility Aids, Inc.v327622_10k.htm
v2.4.0.6
Capital Stock
12 Months Ended
Jun. 30, 2012
Equity [Abstract]  
Capital Stock
3. Capital Stock

 

The total number of common shares authorized that may be issued by the Company is 200,000,000 shares with a par value of $0.001 per share, and 1,000,000 shares of preferred stock at par value of $0.001 per share.

 

During the year ended June 30, 2010, the Company issued 130,000,000 shares of common stock at $0.001 per share to its Directors for total proceeds of $6,500.

 

During the year ended June 30, 2011 the Company has sold 65,480,000 common shares at $0.0125 per share for total proceeds of $40,925.

 

Subsequent to June 30, 2011, on August 18, 2011, the Company implemented a 20 for 1 forward stock split whereby each shareholder of record received an additional 19 shares of common stock for every 1 share held of record. The total number of common stock issued and outstanding as of June 30, 2012 and June 30, 2011was amended for this forward stock split.

 

As of June 30, 2012, the Company had not issued any shares nor granted any stock options under share-based compensation transactions.