Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit

v3.7.0.1
Stockholders' Deficit
12 Months Ended
Dec. 31, 2016
Stockholders' Deficit [Abstract]  
STOCKHOLDERS' DEFICIT

NOTE 11 – STOCKHOLDERS’ DEFICIT

 

As of December 31, 2016 and 2015, the Company had (i) 100,000,000 Common shares authorized with a par value of $.0001 per share, of which 51,411,443 and 50,411,443 shares were issued and outstanding, respectively 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 fair value at the ended of December 31,2016 for a value of $898. There are 1,000,000 common shares issued to Caro Capital, LLC for services rendered in the quarter ended September 30, 2016.