DIVIDENDS	9 Months Ended
Sep. 30, 2017
Notes to Financial Statements
NOTE 7 - DIVIDENDS	On October 29, 2016, the Board of Directors declared a ten percent stock dividend on its outstanding Series A 10% Convertible Preferred Stock for shareholders of record as of November 15, 2016, and such shareholders received the stock dividend for each share of Series A Preferred Stock owned on that date, payable December 1, 2016. As of November 15, 2016, the Company had 30,215 shares of Preferred Stock outstanding; the total dividend paid consisted of 3,023 shares of Series A Preferred Stock (which are convertible into 3,023,000 shares of Common Stock) with a fair value of $302,300 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 $3,023 par value of Preferred Stock dividend was charged against Additional Paid-in Capital. As of September 30, 2017 and December 31, 2016, the Company had 33,238 shares of Preferred Stock outstanding.

DIVIDENDS

9 Months Ended

Sep. 30, 2017

On October 29, 2016, the Board of Directors declared a ten percent stock dividend on its outstanding Series A 10% Convertible Preferred Stock for shareholders of record as of November 15, 2016, and such shareholders received the stock dividend for each share of Series A Preferred Stock owned on that date, payable December 1, 2016. As of November 15, 2016, the Company had 30,215 shares of Preferred Stock outstanding; the total dividend paid consisted of 3,023 shares of Series A Preferred Stock (which are convertible into 3,023,000 shares of Common Stock) with a fair value of $302,300 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 $3,023 par value of Preferred Stock dividend was charged against Additional Paid-in Capital.

As of September 30, 2017 and December 31, 2016, the Company had 33,238 shares of Preferred Stock outstanding.