Capital Stock and Additional Paid-in Capital
|9 Months Ended|
Sep. 30, 2019
|Capital Stock and Additional Paid-in Capital|
|Note 6 - Capital Stock and Additional Paid-in Capital||
(a) Preferred Stock
The Company is authorized to issue 5,000,000 shares of Preferred Stock, par value $0.001 per share (the “Preferred Stock”), of which 50,000 have been designated as Series C Preferred Stock (the “Series C Preferred Stock”). Pursuant to the amended Certification of Designation of the Series C Preferred Stock filed on September 5, 2019, each share of Series C Preferred Stock entitles the holder thereof to 32,500 votes on all matters submitted to the vote of the stockholders of the Company. Each share of Series C Preferred Stock is convertible, at the option of the holder, at any time after the date of issuance of such share, at the office of the Company or any transfer agent for such stock, into one share of fully paid and non-assessable common stock.
(b) Common Stock
On November 5, 2018, the Company amended its Articles of Incorporation to increase the number of shares of common stock the Company is authorized to issue from 100,000,000 to 500,000,000.
During the nine months ended September 30, 2019, the Company issued shares of its common stock as follows:
During the nine months ended September 30, 2018, the Company issued shares of its common stock as follows: