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Note 7 - Common Stock
12 Months Ended
Dec. 31, 2014
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

7. Common Stock


Pursuant to the Plan of Reorganization made effective on November 20, 2014, the Company implemented a reverse stock split of 19-for-1 on all issued and outstanding shares of common stock. The reverse stock split is presented retroactively throughout the financial statements and footnotes.


The Company has 100,000,000 shares of voting common shares authorized for issuance. On December 31, 2014, the Company had 20,279,167 shares of common stock outstanding and reserved for issuance upon exercise of options and warrants and conversion of preferred stock. The Company issued common stock in 2014 and 2013 as follows:


Common Stock Issued in 2014

 

Shares

   

Issue Price

   

Net Price

 

Paul Tibbits

    171,684     $ 0.10     $ -  

The Yang Group

    16,115,848     $ 0.12     $ 1,941,211  

Total Common Stock Issued in 2014

    16,287,532    

$

0.10 – 0.12     $ 1,941,211  

Common Stock Issued in 2013

 

Shares

   

Issue Price

   

Net Price

 

None

    -     $ -     $ -  

Total Common Stock Issued in 2013

    -     $ -     $ -  

During the years ended December 31, 2014 and December 31, 2013, there were no finder’s fees paid related to private placements of stock.


We have not paid any dividends to our common stock shareholders to date, and have no plans to do so in the immediate future.


We use the services of American Stock Transfer and Trust Company as our transfer agent.