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10-K - ANNUAL REPORT - OnTarget360 Group, Inc.otgi_10k.htm
EX-32.1 - CERTIFICATION - OnTarget360 Group, Inc.otgi_ex321.htm
EX-31.1 - CERTIFICATION - OnTarget360 Group, Inc.otgi_ex311.htm
EXCEL - IDEA: XBRL DOCUMENT - OnTarget360 Group, Inc.Financial_Report.xls
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v2.4.0.6
4. Stockholders' Equity
12 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
4. Stockholders' Equity

 

Note 4. Stockholders’ Equity

 

Common Stock

 

The Company is authorized to issue up to 10,000,000 shares of common stock and 5,000,000 shares of preferred stock both with par value of $0.001. The Company had 3,454,520 and 3,149,000 shares of common stock issued and outstanding as of September 30, 2012 and September 30, 2011, respectively.

 

During 2011, the Company received payment of the outstanding $5,500 subscription receivable.  In March 2011, the Company received additional paid in capital of $15,000 from two shareholders. In December 2011, the Company issued 255,520 shares of common stock as payment for legal services rendered in the amount of $12,776. During March 2012, as part of a private placement, the Company issued 50,000 shares of common stock to one investor.