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EXCEL - IDEA: XBRL DOCUMENT - Arch Therapeutics, Inc.Financial_Report.xls
10-K - Arch Therapeutics, Inc.g6510.txt
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v2.4.0.6
Note 3 - Capital Stock
12 Months Ended
Sep. 30, 2012
Notes  
Note 3 - Capital Stock

Note 3 - Capital Stock

 

The total number of common shares authorized that may be issued by the Company is 75,000,000 shares with a par value of $0.001 per share.

 

During the period ended September 30, 2011, the Company issued 4,000,000 shares of common stock to the Company’s sole director and officer for total cash proceeds of $20,000.

 

During the months of April and May 2012 we received $20,300 from the sale of common stock to 29 stockholders pursuant to an offering of our common stock shares registered on Form S-1 with the U.S. Securities and Exchange Commission.  The shares were sold at a price of $0.001 per share and a total of 2,030,000 shares were sold.  The offering was closed on May 9, 2012 and the shares were issued on May 30, 2012.  One purchaser was deemed an affiliate and the 70,000 shares purchased by that person are restricted shares.