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6.COMMON STOCK
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3 Months Ended |
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Dec. 31, 2011
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| Stockholders' Equity Note Disclosure [Text Block] |
6. COMMON
STOCK
Effective
November 5, 2010, the Company effected an 8 for 1 forward
stock split, increasing the issued and outstanding shares of
common stock from 12,000,000 shares to 96,000,000 shares. All
shares and per share amounts have been revised to
retroactively reflect this stock split.
On
March 1, 2009, the Company sold 80,000,000 shares of common
stock to its then president and director at a price of
$0.000125 per share for cash proceeds of $10,000.
From
December 2009 to February 2010, the Company sold a total of
16,000,000 shares of common stock in its public offering at a
price of $0.00625 per share for total cash proceeds of
$100,000.
On
December 21, 2010 and December 22, 2010, the Company sold a
total of 1,000,000 restricted shares of common stock (700,000
shares to the daughter of the Company’s former chairman
and 300,000 shares to a foreign corporation affiliated with
the Brenner Family Holding Corp.) at a price of $0.50 per
share for cash proceeds of $500,000.
The
Company has no stock option plan and has not issued any
warrants or other potentially dilutive securities.
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- Definition
The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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