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American Eagle Group, Inc. (A Development Stage Company) Statements of Stockholders' Equity (Deficit) (USD $)
Series B Cumulative Preferred Stock
Series E Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Deficit
Deficit Accumulated During the Development Stage
Total
Stockholders' Equity, beginning balance at Sep. 18, 2005 $ 1,429 $ 0 $ 70,471 $ 46,904,100 $ (46,974,719) $ 0 $ 1,281
Balance Series B preferred shares, beginning balance at Sep. 18, 2005 142,857 0 0 0 0 0 142,857
Balance common shares, beginning balance at Sep. 18, 2005 0 0 7,047,098 0 0 0 7,047,098
Balance Series E preferred shares, beginning balance at Sep. 18, 2005 0 0 0 0 0 0 0
Net Income (Loss) 0 0 0 0 0 (39,799) (39,799)
Stockholders' Equity, ending balance at Dec. 31, 2005 1,429 0 70,471 46,904,100 (46,974,719) (39,799) (38,518)
Balance Series B preferred shares, ending balance at Dec. 31, 2005 142,857 0 0 0 0 0 142,857
Balance common shares, ending balance at Dec. 31, 2005 0 0 7,047,098 0 0 0 7,047,098
Balance Series E preferred shares, ending balance at Dec. 31, 2005 0 0 0 0 0 0 0
Series E Preferred issued for debt settlement agreement, shares 0 1,000,000 0 0 0 0 1,000,000
Series E Preferred issued for debt settlement agreement, value 0 10,000 0 40,000 0 0 50,000
Net Income (Loss) 0 0 0 0 0 (5,449) (5,449)
Stockholders' Equity, ending balance at Dec. 31, 2006 1,429 10,000 70,471 46,944,100 (46,974,719) (45,248) 6,033
Balance Series B preferred shares, ending balance at Dec. 31, 2006 142,857 0 0 0 0 0 142,857
Balance common shares, ending balance at Dec. 31, 2006 0 0 7,047,098 0 0 0 7,047,098
Balance Series E preferred shares, ending balance at Dec. 31, 2006 0 1,000,000 0 0 0 0 1,000,000
Net Income (Loss) 0 0 0 0 0 (448) (448)
Stockholders' Equity, ending balance at Dec. 31, 2007 1,429 10,000 70,471 46,944,100 (46,974,719) (45,696) 5,585
Balance Series B preferred shares, ending balance at Dec. 31, 2007 142,857 0 0 0 0 0 142,857
Balance common shares, ending balance at Dec. 31, 2007 0 0 7,047,098 0 0 0 7,047,098
Balance Series E preferred shares, ending balance at Dec. 31, 2007 0 1,000,000 0 0 0 0 1,000,000
Net Income (Loss) 0 0 0 0 0 (10) (10)
Stockholders' Equity, ending balance at Dec. 31, 2008 1,429 10,000 70,471 46,944,100 (46,974,719) (45,706) 5,575
Balance Series B preferred shares, ending balance at Dec. 31, 2008 142,857 0 0 0 0 0 142,857
Balance common shares, ending balance at Dec. 31, 2008 0 0 7,047,098 0 0 0 7,047,098
Balance Series E preferred shares, ending balance at Dec. 31, 2008 0 1,000,000 0 0 0 0 1,000,000
Net Income (Loss) 0 0 0 0 0 (2,200) (2,200)
Stockholders' Equity, ending balance at Dec. 31, 2009 1,429 10,000 70,471 46,944,100 (46,974,719) (47,906) 3,375
Balance Series B preferred shares, ending balance at Dec. 31, 2009 142,857 0 0 0 0 0 142,857
Balance common shares, ending balance at Dec. 31, 2009 0 0 7,047,098 0 0 0 7,047,098
Balance Series E preferred shares, ending balance at Dec. 31, 2009 0 1,000,000 0 0 0 0 1,000,000
Net Income (Loss) 0 0 0 0 0 (1,400) (1,400)
Stockholders' Equity, ending balance at Dec. 31, 2010 1,429 10,000 70,471 46,944,100 (46,974,719) (49,306) 1,975
Balance Series B preferred shares, ending balance at Dec. 31, 2010 142,857 0 0 0 0 0 142,857
Balance common shares, ending balance at Dec. 31, 2010 0 0 7,047,098 0 0 0 7,047,098
Balance Series E preferred shares, ending balance at Dec. 31, 2010 0 1,000,000 0 0 0 0 1,000,000
Repurchase of Series B Preferred Stock, shares (142,857) 0 0 0 0 0 (142,857)
Repurchase of Series B Preferred Stock, value (1,429) 0 0 (3,571) 0 0 (5,000)
Net Income (Loss) 0 0 0 0 0 (9,379) (9,379)
Stockholders' Equity, ending balance at Dec. 31, 2011 $ 0 $ 10,000 $ 70,471 $ 46,940,529 $ (46,974,719) $ (58,685) $ (12,404)
Balance Series B preferred shares, ending balance at Dec. 31, 2011 0 0 0 0 0 0 0
Balance common shares, ending balance at Dec. 31, 2011 0 0 7,047,098 0 0 0 7,047,098
Balance Series E preferred shares, ending balance at Dec. 31, 2011 0 1,000,000 0 0 0 0 1,000,000