Note 11 - Common Stock

3 Months Ended

May 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

Note

11

- Common Stock

On

June 21, 2017,

the Company filed Articles of Amendment to its Amended Articles of Incorporation with the Secretary of State of the State of Delaware effecting a

1

for

4

reverse stock split of the Company's common stock and increase in the authorized shares of common stock to

200,000,000

and a name change of the Company from Property Management Corporation of America to FingerMotion, Inc. (the "Corporate Actions"). The Corporate Actions and the Amended Articles became effective on

June 21, 2017.

Effective

July 13, 2017 (

the “Closing Date”), the Company entered into that certain Share Exchange Agreement (the “Share Exchange Agreement”) by and among the Company, Finger Motion Company Limited, a Hong Kong corporation (“FMCL”) and certain shareholders of FMCL (the “FMCL Shareholders”). Pursuant to the Share Exchange Agreement, the Company agreed to exchange the outstanding equity stock of FMCL held by the FMCL Shareholders for shares of common stock of the Company.

At the Closing Date, the Company issued approximately

12,000,000

shares of common stock to the FMCL shareholders. In addition, the Company issued

600,000

shares to consultants in connection with the transactions contemplated by the Share Exchange Agreement, and up to

2,562,500

additional shares to accredited investors.

The Company issued approximately

2,856,000

shares of common stock during the fiscal year ended

February 28, 2018,

of which

1,350,000

were issued to consultants at

$0.035

per share.

400,000,

470,000

and

636,000

shares were issued to investors at a per share purchase price of

$0.50,

$1.00

and

$1.50,

respectively.

The Company issued approximately

7,331,000

shares of common stock during the year ended

February 28, 2019

for cash of

$3,760,500.

 The Company issued approximately

607,200

shares of common stock for the

three

months ended

May 31, 2019

for cash of

$1,137,465,

including100,000

shares of common stock to consultants.