Note 5 - Stockholders' Equity |
9 Months Ended |
|---|---|
May. 31, 2015 | |
| Stockholders' Equity Note [Abstract] | |
| Stockholders' Equity Note Disclosure [Text Block] |
Note 5 – Stockholders’ Equity
Preferred stock
The Company is authorized to issue 20,000,000 shares of $0.001 par value preferred stock as of May 31, 2015 and August 31, 2014. The Company has 1,000 shares of preferred stock issued and outstanding as of May 31, 2015 and August 31, 2014.
Common stock
No shares of common stock were issued during the nine months ended May 31, 2015.
During the year ended August 31, 2014, the Company issued 12,771,500 shares of common stock at $0.002 for conversion of debt due to the Company’s CEO, Gerald Ricks, valued at $25,543.
During the year ended August 31, 2014, the Company issued 3,510,500 shares of common stock at $0.002 for conversion of debt due to the Company’s former CEO, Robert Timothy, valued at $7,021.
During the year ended August 31, 2014, the Company issued 15,016,500 shares of common stock at $0.002 for conversion of debt due to the Company’s major shareholder, BK Consulting, valued at $30,033.
During the year ended August 31, 2014, the Company issued 6,223,000 shares of common stock at $0.002 for conversion of debt due to third parties, valued at $12,446.
The Company is authorized to issue 580,000,000 shares of $0.001 par value common stock as of May 31, 2015 and August 31, 2014. The Company has 37,581,903 and 37,581,903 shares of common stock issued and outstanding as of May 31, 2015 and August 31, 2014.
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