DIVIDENDS	3 Months Ended
Mar. 31, 2015
Notes to Financial Statements
NOTE 6 - DIVIDENDS	On October 31, 2014, the Company announced that the Board of Directors had declared a ten percent stock dividend on its outstanding Series A 10% Convertible Preferred Stock. Stockholders of record as of November 15, 2014 received the stock dividend for each share of Series A Preferred Stock owned on that date, payable December 1, 2014. As of October 31, 2014, the Company had 24,971 shares of Preferred Stock outstanding; the total dividend paid consisted of 2,495 shares of Series A Preferred Stock (which are convertible into 2,495,000 shares of Common Stock) with a fair value of $249,500 and a total of 14 fractional shares which will be accumulated until whole shares can be issued. Due to the absence of Retained Earnings, the $2,495 par value of Preferred Stock dividend was charged against Additional Paid-in Capital.

DIVIDENDS

3 Months Ended

Mar. 31, 2015

On October 31, 2014, the Company announced that the Board of Directors had declared a ten percent stock dividend on its outstanding Series A 10% Convertible Preferred Stock. Stockholders of record as of November 15, 2014 received the stock dividend for each share of Series A Preferred Stock owned on that date, payable December 1, 2014. As of October 31, 2014, the Company had 24,971 shares of Preferred Stock outstanding; the total dividend paid consisted of 2,495 shares of Series A Preferred Stock (which are convertible into 2,495,000 shares of Common Stock) with a fair value of $249,500 and a total of 14 fractional shares which will be accumulated until whole shares can be issued. Due to the absence of Retained Earnings, the $2,495 par value of Preferred Stock dividend was charged against Additional Paid-in Capital.