Quarterly report pursuant to sections 13 or 15(d)

RECAPITALIZATION (Tables)

v2.4.0.8
RECAPITALIZATION (Tables)
6 Months Ended
Jun. 30, 2013
RECAPITALIZATION [Abstract]  
Schedule of Recapitalization by Class of Stock

This change in capital structure was recorded retroactive in the accompanying Financial Statements for all periods presented.  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