Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit

v3.4.0.3
Stockholders' Deficit
3 Months Ended
Mar. 31, 2016
Stockholders' Deficit [Abstract]  
STOCKHOLDERS' DEFICIT

NOTE 10 - STOCKHOLDERS’ DEFICIT 

 

As of March 31, 2016 the Company had (i) 100,000,000 Common shares authorized with a par value of $.0001 per share, of which 50,411,443 shares were issued and outstanding, and (ii) 25,000,000 shares of preferred stock, par value $.0001 per share, authorized, none of which was issued and outstanding. 8,980,047 shares of Common Stock have been issued to founders, of which, 400,016 shares were issued to the President and director as part of their consulting agreements. The shares were valued at par for a value of $898.