EQUITY |
9 Months Ended |
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Jun. 30, 2016 | |
| Stockholders' Equity Note [Abstract] | |
| EQUITY |
NOTE 6 -EQUITY
Common stock issued for conversion of notes payable
In May 2016, the Company cancelled 16,500 shares of common stock at $.06 per share for a total of $990.
In June 2016, a shareholder and director converted $10,000 of a $50,000 promissory note into 500,000 shares of common stock. The stock price on the date of conversion was $.03 per share which resulted in a loss on conversion of $5,000.
Common stock issued for conversion of preferred stock
In December 2015, two shareholders converted 7,280 shares of Series C Convertible Preferred stock into 36,400 shares of common stock.
Common stock issued for cash
In December 2015, a shareholder purchased 250,000 shares of common stock for $5,000 in cash. |
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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