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EX-23.1 - INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM?S CONSENT - Intelligent Living Inc.f10k2011ex23i_feelgolfcoinc.htm
EX-31.1 - CERTIFICATION - Intelligent Living Inc.f10k2011ex31i_feelgolfcoinc.htm
EX-32.1 - CERTIFICATION - Intelligent Living Inc.f10k2011ex32i_feelgolfcoinc.htm
EX-31.2 - CERTIFICATION - Intelligent Living Inc.f10k2011ex31ii_feelgolfcoinc.htm
EX-32.2 - CERTIFICATION - Intelligent Living Inc.f10k2011ex32ii_feelgolfcoinc.htm
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10-K - ANNUAL REPORT - Intelligent Living Inc.f10k2011_feelgolfcoinc.htm
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v2.4.0.6
Stockholders' Equity
12 Months Ended
Dec. 31, 2011
Stockholders' Equity [Abstract]  
STOCKHOLDERS’ EQUITY
 
NOTE 7 - STOCKHOLDERS’ EQUITY
 
On March 10, 2010 the Company authorized the creation of Series A Preferred Stock.  The Company was authorized to issue 10,000,000 shares of its Series A Preferred stock at a par value of $0.0001 per share.  The Series A Preferred Stock have the following rights and provisions:
 
Voting: Holders of the Series A Preferred Stock have three hundred and fifty times the number of votes on all matters submitted to the shareholders that is equal to the number of share of Common Stock into which such holder’s shared of Series A Preferred Stock are then convertible.
 
Liquidation Preference:  The holders of the Series A Preferred Stock are entitled to receive five times the sum of assets or earnings available for distribution available for distribution to common stock holders.
 
Dividends: None
 
Conversion:  The shares of Series A Preferred Stock are convertible into shares of the Company’s Common Stock at the rate of 500 shares of Common Stock for each share of Series A Preferred Stock.
 
On May 21, 2010 the Company issued 708,200 shares of its Series A Preferred Stock to Company board members and an employee for services rendered to the Company.  The services were valued based on the value of the underlying common stock on the date of issuance multiplied by the number of convertible shares for each share of Preferred Stock.  Accordingly, the Company recognized a onetime $3,541,000 expense for stock compensation related to this issuance.
 
As of June 30, 2010, the Company’s board of directors approved an increased in the authorized shares of common stock from 100,000,000 to 2,000,000,000 shares.
 
On September 23 2011, the Company increased its authorized common to 6 billion shares and the Preferred Class A to 20 million.
 
On March 21, 2012, the Company authorized a 100:1 reverse split of its common stock.
 
On multiple dates in 2010 the Company issued 403,232 shares of common stock to convert a total of $160,010 of convertible debentures.
 
On December 28, 2010 the Company issued 70,000 to a consultant for services valued at $11,900 based on the market value of the stock on the day of the Board’s issuance.
 
On November 1, 2010 the Company issued 1,500 to a consultant for services valued at $1,125 based on the market value of the stock on the day of the Board’s issuance.
 
On October 7, 2010 the Company issued 16,000 to consultants for advertising services valued at $17,600 based on the market value of the stock on the day of issuance.
 
On September 13, 2010 the Company issued 10,000 shares of its common stock for services valued at $10,000 based on the market value of the stock on the day of issuance.
 
On August 25, 2010 the Company issued 1,750 shares of its common stock for services valued at $1,750 based on the market value of the stock on the day of issuance.
 
On August 9, 2010 the Company issued 1,339 shares of its common stock for services valued at $2,679 based on the market value of the stock on the day of issuance.
 
On August 4, 2010 the Company issued 34,500 shares of its common stock for services valued at $69,000 based on the market value of the stock on the day of issuance.
 
On March 22, 2010 the Company issued 1,500 shares of its common stock the settle accounts payable totaling $6,000.
 
On May 21, 2010 the Company issued 382,360 shares of its common stock for services rendered to the Company.  The services were valued based on the $0.01 fair market value of the common stock on the date of issuance.
 
On May 21, 2010 the Company issued 150,000 shares of its common stock as a prepayment for advertising services.  The contract was valued based on the $0.01 fair market value of the common stock on the date of issuance. On October 28, 2010 the Company signed a mutual release and settlement contract with a consultant who was issued shares for services in a prior year.  It was agreed that of the 150,000 shares originally issued, 75,000 was returned to the Company’s treasury and immediately cancelled.
 
On March 16, 2010 the Company issued 358 shares of its common stock for services valued at $3,588 based on the market value of the stock on the day of issuance.
 
On March 1, 2010 the Company issued 70 shares of its common stock for services valued at $1,740 based on the market value of the stock on the day of issuance.
 
On February 2, 2010 the Company sold 1,000 shares of its common stock to an investor for $6,000 cash.
 
On January 7, 2010 the Company issued 70 shares of its common stock for services valued at $1,750 based on the market value of the stock on the day of issuance.
 
2011 Issuances are below:
 
The Company issued 20,782,048 common shares in 2011 inclusive of its common shares above for 2011 note conversions
 
The Company issued 6,120,000 shares of preferred to directors and employees in lieu of compensation.