Annual report pursuant to section 13 and 15(d)

RECAPITALIZATION (Tables)

v2.4.0.8
RECAPITALIZATION (Tables)
12 Months Ended
Dec. 31, 2013
RECAPITALIZATION [Abstract]  
Schedule of Recapitalization by Class of Stock

The following table summarizes the recapitalization:


                           

 

 

Recapitalization

August 1, 2013

 

 

 

Before

 

After

 

 

 

Par

Value

 

Authorized

Shares

 

Par

Value

 

Authorized

Shares

 

Authorized Shares

 

 

 

 

 

 

 

 

 

Preferred stock

 

 

.001

 

 

2,000,000

 

 

.001

 

 

1,000,000

 

Common Stock

 

 

.001

 

 

50,000,000

 

 

.001

 

 

-

 

Common Stock - Class A

 

 

.001

 

 

-

 

 

.001

 

 

450,000,000

 

Common Stock - Class B

 

 

.001

 

 

-

 

 

.001

 

 

50,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Authorized Shares

 

 

 

 

 

52,000,000

 

 

 

 

 

501,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issued and Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock

 

 

.001

 

 

-

 

 

.001

 

 

-

 

Common Stock

 

 

.001

 

 

32,957,751

 

 

.001

 

 

-

 

Common Stock - Class A

 

 

.001

 

 

-

 

 

.001

 

 

64,373,253

 

Common Stock - Class B

 

 

.001

 

 

-

 

 

.001

 

 

11,500,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Authorized Shares

 

 

 

 

 

32,957,751

 

 

 

 

 

75,873,253