Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.Financial_Report.xls
10-Q - FORM 10-Q - Classic Rules Judo Championships, Inc.f10q-judo.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R5.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R1.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R3.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R7.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R8.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R9.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R6.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R4.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R2.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R26.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R15.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R29.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R10.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R13.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R27.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R24.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R18.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R21.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R11.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R16.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R25.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R22.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R20.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R23.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R19.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R12.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R14.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R17.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R31.htm
XML - IDEA: XBRL DOCUMENT - Classic Rules Judo Championships, Inc.R30.htm
EX-21.1 - SUBSIDIARIES - Classic Rules Judo Championships, Inc.f10q_211-judo.htm
EX-31.1 - RULE 13A-14(A) / 15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - Classic Rules Judo Championships, Inc.f10q_311-judo.htm
EX-32.1 - SECTION 1350 CERTIFICATIONS OF CEO - Classic Rules Judo Championships, Inc.f10q_321-judo.htm
EX-32.2 - SECTION 1350 CERTIFICATIONS OF CFO - Classic Rules Judo Championships, Inc.f10q_322-judo.htm
EX-31.2 - RULE 13A-14(A) / 15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - Classic Rules Judo Championships, Inc.f10q_312-judo.htm
v2.4.0.6
Note E - Stockholders' Deficit: Common Stock (Policies)
9 Months Ended
Sep. 30, 2012
Policies  
Common Stock

Common Stock

 

The Company is authorized to issue 100,000,000 shares of common stock with a par value of $0.001 per share. At September 30, 2012 there are 14,150,106 shares of common stock issued and outstanding.

 

In July 2008, the Company undertook a private offering of approximately 6,000,000 shares of common stock. The stock was offered with a price of $0.001 per share. The private offering was made to Desmond Capital, Inc. (“Desmond”) through a subscription agreement. Desmond purchased 5,223,050 of the offered shares for a total of $5,373 in cash. Desmond’s shares were purchased with the intention of holding the securities for investment purposes, with no intention of dividing or allowing others to participate in this investment or to sell the securities for at least one year in the event that the company becomes registered with the Securities and Exchange Commission.

 

On July 15, 2008, the Company issued 1,160,678 shares of common stock to its officer and director, Chris Angle. The shares were issued to Mr. Angle as compensation for services rendered as the officer and director of the Company.  As the Company had minimal assets and operations at the date of issuance, the shares were valued at their par value of $0.001 per share and $1,161 was recorded as stock-based compensation.

 

On July 15, 2008, the Company issued 1,160,678 shares of common stock to a consultant, Nathan Lapkin. The shares were issued to Mr. Lapkin as compensation for his accounting services rendered to the company.

 

On July 15, 2008, the Company issued 1,160,678 shares of common stock to a consultant, Jerry Gruenbaum, Esq.  The shares were issued to Mr. Gruenbaum as compensation for his legal services rendered to the company.

 

The shares issued to Messrs. Gruenbaum and Lapkin were for consulting services and were valued at the fair value of the services provided. Due to the lack of assets and operations of the Company and the lack of a market for the Company’s stock, the Company determined that the fair value of the services provided were more reliably measurable. The Company obtained invoices from Messrs. Gruenbaum and Lapkin for the services provided. Mr. Gruenbaum provided legal services valued at $5,805 and Mr. Lapkin provided accounting and consulting services valued at $6,000. The Company issued both individuals the same number of shares for the services rendered. After reviewing the services provided, the Company noted that there was a $195 difference in the value of the services provided by these two individuals. The Company concluded that this difference was insignificant and did not require any adjustment.  See Note G.

 

On March 29, 2010, the Company sold 825,826 shares of common stock at $0.006 per share to an investor under a stock subscription agreement and received proceeds of $5,000.

 

On August 18, 2010, the Company sold 185,079 shares of common stock at $0.009 per share to its President under a stock subscription agreement and received proceeds of $1,750.

 

On March 17, 2011 the Company sold 161,415 shares of common stock at $0.009 per share to the spouse of its president under a stock subscription agreement and received proceeds of $1,500.

 

On March 25, 2011 the Company sold 109,224 shares of common stock at $0.009 per share to an investor under a stock subscription agreement and received proceeds of $1,000.

 

On November 15, 2011 the Company sold 430,107 shares of common stock at $0.009 per share to an investor under a stock subscription agreement and received proceeds of $4,000.

 

On November 21, 2011 the Company sold 134,408 shares of common stock at $0.009 per share to an investor under a stock subscription agreement and received proceeds of $1,250.

 

On February 8, 2012 the Company sold 105,305 shares of common stock at $0.009 per share to an investor under a stock subscription agreement and received proceeds of $900.

 

On February 8, 2012, the Company sold 104,366 shares of common stock at $0.009 per share to the spouse of its president under a stock subscription agreement and received proceeds of $900.

 

On February 8, 2012 the holder of the convertible loan payable converted his $5,000 loan into 590,293 newly issued shares of common stock in the Company at $0.008 per share.

 

On February 14, 2012 the Company sold 315,018 shares of common stock at $0.008 per share to an investor under a stock subscription agreement and received proceeds of $2,500.

 

On February 14, 2012, the Company sold 307,271 shares of common stock at $0.008 per share to the spouse of its president under a stock subscription agreement and received proceeds of $2,500.

 

On March 17, 2012, the Company sold 361,398 shares of common stock at $0.008 per share to two investors under stock subscription agreements and received proceeds of $2,750.

 

On March 17, 2012, the Company sold 226,025 shares of common stock at $0.008 per share to the spouse of its president under a stock subscription agreement and received proceeds of $1,750.

 

On August 9, 2012, the Company sold 204,088 shares of common stock at $0.007 per share to the spouse of its president under a stock subscription agreement and received proceeds of $1,500.

 

On August 9, 2012, the Company sold 340,147 shares of common stock at $0.007 per share to two investors under stock subscription agreements and received proceeds of $2,500.